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THE REPLICATION JOURNEY

THE REPLICATION JOURNEY. Julia Grant – Impetus Trust. What Impetus Trust Is All About.

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THE REPLICATION JOURNEY

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  1. THE REPLICATION JOURNEY Julia Grant – Impetus Trust

  2. What Impetus Trust Is All About • Impetus Trust is a charity that helps other charities to scale up and achieve greater impact (last year we helped turn around the lives of over 450,000 people through our active portfolio of 14 charities ) • Impetus works with best in class charities that are tackling the root causes of poverty but who need strategic support (2,000 charities have applied for help from Impetus since 2002) • Impetus is the pioneer of ‘venture philanthropy’ in the UK set up ten years ago (won the top award for grantmaking at the UK Charity Awards 2008 & The Institute for Turnaround’s Top Turnaround Award 2011 (Third and Public Sector category) An independent evaluation by Bain & Company reported that 94% of the charities Impetus helps said that they could not have achieved the same degree of change without Impetus.

  3. Case study: St Giles Trust Why We ExistBreaking the cycle ofeconomic disadvantage What St Giles does: St Giles Trust reduces reoffending through a range of innovative projects. The foundation of its work is training ex-offenders to help others in need to resettle and make a positive contribution to society. The focus is on providing access to housing, training and jobs for ex-offenders, especially through its peer advisor work in prisons.

  4. Success factors:why other companies and individuals give to Impetus The Impetus Portfolio Of Social VenturesShows significant growth in people helped in 2011/12 1. Rigour of charity selection, due diligence and monitoring • Over 2,000 applications, 25 investments • Know where money is going and what it will do for the charities • We have monthly monitoring, semi-annual and annual evaluations 2. Long-term impact of active engagement • We back a strategic plan, not a project • We build the capacity of an organisation so it can sustainably scale up • Impetus charities grow their influence in the sector and in public policy 3. We multiply the value of donations • For each £1 of funding charities received from Impetus, they get nearly £4 more in value (money & expertise) • Donations leveraged by attracting partnership investment, pro bono expertise and additional funds raised

  5. £3.4m investment management value since inception £7.4m funding since inception IS AN ANNUAL INCOME GROWTH OF 19% AND ANNUAL GROWTH OF PEOPLE HELPED OF £9.6m Pro Bono value since inception 39%

  6. The Investment Model – Expert Assistance IT Review and Advice 10 days over 2 months Strategic Review Team of 3-5 full time for 2-4 weeks Mentoring Half a day a week for minimum 6-12 months Marketing Strategy 10 days over 2 months Business Planning Team of 3-5 for a day a week over 3 months Legal Advice Ad hoc advice to longer commitment Financial Review 10 days over 1-2 mths Time Commitment Market & Competitive Position Review 10 days over 1-2 mths HR Advice / Review 5-10 days over 2 mths Financial Modelling 5-10 days over 1-2 mth Board Review 10 days over 2-3 months Investment Research 5-10 days over a month Financial Reporting 2-5 days over 1 month Charity Pitch Review 4 hours Strategy Workshop 4 hours Screening and Due Diligence Investment Planning Phase Investment Scale-up Phase Throughout the Investment Investment Cycle

  7. Case Study: Intouniversity What IntoUniversity does: IntoUniversity inspires and engages young people from disadvantaged backgrounds to attain either a university place or another chosen aspiration, by offering long-term, out-of-school study support.

  8. Case Study: Intouniversity Key Enablers • Track record: attainment of IU students vs National FSM index. • Fundraising: restricted and unrestricted to grow the capacity of SMT. • Staff: right people in right locations with appropriate oversight and direction. • Partnerships with universities: clear value proposition to offer university WP schemes. Key Objectives: Transform Phase • To be the lead provider of quality widening participation services • Operating in at least 5 UK cities, min of 20 centres • Serving min 0f 17,000 students

  9. Case Study: Teens and Toddlers Teens and Toddlers inspires young people to achieve the skills, qualifications and self belief they need to succeed in education and life. It targets, at-risk teenagers and vulnerable toddlers to raise the aspirations of at-risk teenagers, through an innovative programme for teens to act as role models to vulnerable toddlers in a safe nursery environment. Impetus support package: • Impetus investment period: 2009 - 2013 Grant funding: £835k†Pro bono services donated: £480kInvestment management value: £191kTotal funding package to date: £1.51m Replication through Social Investment • £3.25m investment with Bridges Ventures and Big Soc Capital, supporting DWP funded PBR project. • North West region with capacity for roll out. • Associated funding from the Investment and Contract Readiness Fund (SIB for Cabinet Office). • Key outcomes funded • Educational attainment • Educational engagement

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