Overview
- The report, published October 22, reviews 2019–2023 accounts and cites €135 million in 2023 assets, including €39 million in donations.
- Mobilisable reserves of about €86 million—roughly 4.5 years of operating costs—are deemed an unjustified hoard for a tax‑advantaged, donor‑funded body.
- The court says the foundation’s activity is modest relative to its means and that limited financial transparency leaves donors without a faithful view of how funds are used.
- Required by end‑H1 2026 are stronger professional skills, structured internal controls over external providers, a strategic plan, and clearer budget and real‑estate programming.
- The foundation acknowledges the need to adapt and says it is acting on the recommendations; no sanction has been imposed, and it currently runs two refuges and funds about 215 dog‑and‑cat refuges plus 15 for equids.