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Introduction to The Fore 02 nd October 2019. Ugo Ikokwu – Programme Director. Agenda. Introductions Our objectives The charity sector The Fore venture philanthropy The Fore after two years Non-financial support offer. Objectives. We want to create a cohort of mutual support
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Introduction to The Fore02nd October 2019 Ugo Ikokwu – Programme Director
Agenda • Introductions • Our objectives • The charity sector • The Fore venture philanthropy • The Fore after two years • Non-financial support offer
Objectives • We want to create a cohort of mutual support • Only 3% achieve funding – the most transformational grants to organisations with the strongest management
Status quo: • There are 168,000 charities in the UK, and 87% have a turnover of under £500,000.1 • These small charities provide: • Crucial support to local communities • Innovative solutions to social problems • Competition to keep larger players on their toes • But: • They receive less than 5% of the sector’s income (45 billion p.a.) • Funding is decreasing • 50% don’t think they’ll be around in 5 years
VenturePhilanthropy at The Fore Funders Tailored funding Skills support Impact Management Strategic Funders Businesses Sector infrastructure organisations Business skills networks Impact specialists
69 Charities introduced to skilled volunteers 21 Grantees engaging with impact management support 76 Grants made 1,270 Workshop training hours provided to small charities The Fore After Two Years: £2,145,126 Distributed 2,973 Hours of strategic guidance and feedback provided during assessment £28,225 Average grant size • “The process was more valuable than the funding” • Unsuccessful applicant • “I expected the experience to be exciting, but it has been more than that; it has been moving.” • - Corporate partner 29 Training workshops hosted for small charities 2,441 Applications processed 4,243 Hours of skills support and training
The Fore After Two Years: 9% 17% 6% 14% 20% Grantees by region: Grantees by sector: Inter- national: 16% 13% 14% 17% 10% 52% 18% 22%
Where we’re at: Year Funding No of Grants 1 £1.32m 47 2 £825k 29 • Q1 - £1.1m Est 30 Existing partners increasing investment, new partnerships and potential rekindled former partners!
Pro bono support offer • Our Pro bono network is a network that offers a wide range of pro bono strategic skills, mentoring or non-executive governance support to small charities. • Network members receive weekly emails from us on behalf of small charities seeking pro bono support. • We prioritise requests from our grantees • For more information: www.thefore.org/engagingexperiences
Example Request • Legal Trustee for Exciting Football-and-Film Youth Charity • London Football Journeys brings together disadvantaged young people from different backgrounds and neighbourhoods across the city to play football, make films and take part in other workshops together. Participants share new experiences and forge common ground, breaking down the local barriers that divide them, making them more resilient to peer pressure and gang culture, more confident about interacting with different communities, and better at teamwork and communication. London Football Journeys is a grantee of The Fore. • London Football Journeys is seeking a new Trustee with legal expertise. It would particularly welcome applications from women, especially those from Black, Asian and Minority Ethnic backgrounds, to apply for this exciting role. To express an interest or to apply, please contact Alex Baine at alex@londonfootballjourneys.org by 5pm on Friday 27th April 2018.
Events & Workshops • We run (4) evening events a year mostly aimed at bringing our corporate partners and grantees together. • We also run a programme of capacity-building workshops for small charities, with priority booking available to grantees. This year we have run (14) with a prospective (3) more planned for the year: • ‘Evaluation and Impact • ‘Governance • ‘People management
Measuring the good • Measuring the Good is a programme to help you develop your organisation’s impact management approach, to become a more results-driven and evidence-based organisation. • Participating organisations are matched with a skilled volunteer.
Thank you The future looks very bright!