The Albeiro Vargas & the Guardian Angels Foundation (B)
The case describes how FAVAC emerged and consolidated. During the Foundation's first 15 years, the care of elderly people - many of them with physical and mental disabilities, some living on the streets, displaced by violence or abandoned by their families - was possible with financial support from various sources: state entities, international friends, a French association, local companies, institutional events and self-sustaining profitable projects. In mid-2008, Albeiro received the feasibility study for the construction of a facility for senior citizens belonging to the wealthiest families of Bucaramangan society. This project would finance up to 30% of the care costs of the vulnerable elderly people to whom Albeiro had dedicated his life. The decision to either create the second center to serve the elite or instead remain focused on serving the vulnerable elderly people and consolidating the portfolio of funding sources concludes the first part of the teaching case. Universidad de Los Andes' case collection.