The TIMA Charitable Foundation was established in 2011. Personal experience brought the difficulties that can stem from ageing and elderly care to the fore, and sensitised the Family to these issues, especially among those less privileged and vulnerable. As such, the Foundation was established with a mission to support the development of Greek nonprofit programs dedicated to social improvement in the field of ageing in Greece.
As a philanthropic organisation, the TIMA Charitable Foundation directs grants to nonprofit organisations active in Greece. The Foundation mainly awards grants in the areas of social welfare and health care, and overwhelmingly for disadvantaged sectors of society. Grants may also be provided in the fields of education, arts and culture, specifically in relation to issues regarding the elderly in Greece.
On a macro-level, TIMA evaluates the operations and management of every potential grantee. On a micro-level, the Foundation reviews every project through the prism of sustainability, encouraging NGOs to examine the viability of their programs wherever possible.
The TIMA Charitable Foundation establishes its philanthropic goals on an annual basis, and subsequently develops strategies for achieving them. It is also quick to react to crisis situations as in the case of the COVID-19 Pandemic in 2020, which saw the creation of an additional emergency fund. This included 4 large projects across the spectrum to support PPE in hospitals, PPE and disinfectants in care-homes, the ramp-up and production of 50,000 face-shields and the protection and support of isolated elderly individuals.
The Foundation therefore, identifies potential grantees as well as strategic partners who are interested in sharing the implementation of its common goals. The grant-awarding process – from a review of strategy development, through initiation of grants, to monitoring of progress and evaluation of results – involves effective cooperation and communication among the Foundation, its grantees, and other collaborating parties.
Since TIMA’s establishment, the Foundation has consistently encouraged collaborations and synergies amongst its grantees and always looks to amplify the benefits of the grants that it makes. It is particularly significant when a grant has multiplier effects that transfer positively to either the grantee organisation or its beneficiaries. TIMA remains committed to sharing know-how and best practices to deepen the impact of its grants as well as to creating networking opportunities for its beneficiary nonprofit organisations.
Greece has an ageing population that is growing faster than almost all other EU countries and the proportion of the elderly among the total population in Greece is 21.3%, compared to the EU mean of 19.2%. Despite this fact, or maybe because of these rapid demographic changes, society has been slow to respond to the growing needs of this sector. TIMA’s Board therefore, felt there was an urgent need and responsibility to focus on the plight of a significant part of an already vulnerable sector of the Greek population.