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European Venture Philanthropy Association An introduction

European Venture Philanthropy Association An introduction. Introduction to VP Examples of Venture Philanthropy Introduction to EVPA EVPA Impact Survey EVPA Events Full & Associated Members Contact. 1. 2. 3. 4. 5. 6. 7. Introduction to VP / Definition. 1. 1.

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European Venture Philanthropy Association An introduction

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  1. European Venture Philanthropy Association An introduction

  2. Introduction to VP Examples of Venture Philanthropy Introduction to EVPA EVPA Impact Survey EVPA Events Full & Associated Members Contact 1 2 3 4 5 6 7

  3. Introduction to VP / Definition 1 1 High engagement support of few organisations Venture philanthropy works to build stronger social organisations by providing them with both financial and non-financial support to increase their societal impact 7 2 Performance measurement Organizational capacity-building 6 3 Tailored financing Multi-year support 5 4 Involvement of networks Non-financial support

  4. Introduction to VP/ Why use VP? 1 ENTREPRENEURS PRIVATE EQUITY FOUNDATIONS SOCIAL SECTOR Giving something back to society beyond cash Applying PE methods to the social sector Another tool in their toolbox and new support Interested in alternatives to fundraising  With cross-sector cooperation, societal impact can be maximized

  5. Introduction to VP/ Investment spectrum 1 Primary driver is to create societalvalue Primary driver is to create financial value ‘Blended’ societal and financial value SOCIAL PURPOSE ORGANISATIONS [SPO’s] SociallyDrivenBusinesses Revenue-generating Social Enterprises TraditionalBusiness Charities TraditionalBusiness SociallyDrivenBusiness Charities Revenue Generating Social Enterprises Financial return Possible societal return Societal return No financial return Potentially sustainable >75% trading revenue CSR Company Breakeven all income from trading Profitable surplus reinvested Grants only;no trading Trading revenue and grants Company allocating percentage to charity Mainstream Market Company Profit distributing socially driven Impact First Finance First Impact Only Grant making Social investment “Impact” investment Venture Philanthropy Source: Venturesome, adapted by EVPA

  6. Examples of Venture Philanthropy 2 • Investment Strategy: • Charities and social enterprises with HQ in UK • An annual income exceeding €280,000 • Operational for at least 3 years • Focus on economically disadvantaged people • Portfolio: • 7 active organisations impacting >200,000 people • Total funding with co-investments: €4.6m • Expertise valued at €3m • 6 investments have graduated (‘exited’) www.impetus.org.uk

  7. Examples of Venture Philanthropy 2 • Investment Strategy: • Social enterprises with scalable business models • Based in UK • 3-year trading history • At least €530,000 annual turnover • Portfolio: • 7 social enterprises • €3.9m capital committed (Funds I and II) • 22% Annual Income growth rate (average) • 29% Increase in social impact (average) • Typical investment is €149,000 in grant funding www.breakthroughfund.org.uk

  8. Examples of Venture Philanthropy 2 • Investment Strategy: • Early-stage /growing charities and social enterprises • in which ‘noabership’ (neighbourship) • Focus on community sustainability , health, education, care, culture, and recreation • Active since 2000 • Based in the Netherlands • Portfolio: • Two divisions: Noaber Ventures & Noaber Philanthropy • Over 50 investments across the entire spectrum • Average VP investments €10,000 - €1m for donation programmes (DP); €100,000 - €3m for social investments (SI) through various financing models • Commitment: 1-5 years (DP), 5-10 years (SI) www.noaber.com

  9. Examples of Venture Philanthropy 2 • Investment Strategy: • Existing and start-up social enterprise investments • Financial and non-financial help • Focus on development/housing, health and microfinance • Italy’s first Social Venture Capital Company • Active since 2002 • Targets “invisible hardship” in Italy • Portfolio: • Fund size €8 million • 10 current investments • Average duration of support 5-7 years • Annual expenditure on VP €2.5million • Average investment size €480,000 www.oltreventure.com

  10. Examples of Venture Philanthropy 2 • Investment Strategy: • Social purpose companies/organisations • Operates in German-speaking countries • Based in Munich, Germany • Active since 2003 • Focus: children, education, environment, health • Portfolio: • Two funds and one foundation • 16 current projects, 5 ‘graduated’ projects • Annual expenditure on VP €1.5-2m • Average investment size: €250,000-€1m (1-5 years) • Commitment 3-7 years www.bonventure.de

  11. Introduction to EVPA 3 • EVPA is a non-profit membership association comprised of organisations interested in or practicing venture philanthropy in Europe • It was set up in 2004. Since 2009 the EVPA office is in Brussels • 130 Members from 20 countries within a wide range of sectors, including social investment, private equity, foundations, advisory firms, academia and private banks • Mission • To support members in carrying out venture philanthropy activities • To promote venture philanthropy throughout Europe • Find out more at: www.evpa.eu.com

  12. Introduction to EVPA / Eco-system 3 Examples of EVPA members – working together across sectors Serviceproviders Otherassociations Financialinstitutions Venture philanthropy organisations Academicinstitutions PrivateEquityfirms Foundations Financefirstimpactinvestors

  13. Introduction to EVPA/Membership 3 Full membership Open to organisations whose activities include venture philanthropy andwho have set aside a designated budget for VP activities Associate membership Open to organisations with a serious interest in venture philanthropy and a good standing within their industry Honorary membership Invitation-only by the EVPA Board for individuals or organisations who can provide valuable insight and/or assistance to EVPA’s mission and goals • EVPA follows a thorough due diligence process before welcoming members • Members commit to EVPA’s code of practice

  14. Introduction to EVPA/key components 3 EVPA: A network to share knowledge and develop best practice CONNECTING Meet, learn, share, and connect with your peers in the venture philanthropy industry in Europe Share your own knowledge and experience, and learn from fellow practitioners, service providers and academics LEARNING Help to promote greater awareness of VP issues and practices, and increase your own visibility DISSEMINATING BUILDING Provide the tools needed to build a new industry

  15. Introduction to EVPA / Activities 3 EVPA: A network to share knowledge and develop best practice Networking and events Annual EVPA conference Member-only online forum CONNECTING Research and publications Training for key skills Workshops and site visits LEARNING Monthly newsletter Country seminars Website and social media DISSEMINATING Market data Best practice and guidelines Deal database BUILDING

  16. Introduction to EVPA / Knowledge Centre 5 3 • EVPA Knowledge Centre website has a database of over 200 external publications on the key topics in venture philanthropy

  17. Introduction to EVPA / Outreach 3 Website VP Update Public Relations • EVPA members’ news, job openings and upcoming events • Present findings on the Knowledge Centre page • EVPA members’ search • Monthly VP Update received by over 1800 people • EVPA members’ news, job openings and upcoming events • Article, e.g. in Alliance magazine, Philanthropy UK etc. • LinkedIn group • Twitter updates and discussions

  18. EVPA Impact Survey 4 Changes undergone by members since joining EVPA EVPA enabled members to improve their VP practises • 58% of members declared they changed one or more of their practises • Changes mainly addressed Investment Strategy and Impact Evaluation • EVPA publications were reported useful for informing changes in strategy

  19. EVPA Events 2011 5

  20. EVPA Full & Associate Members 6 GERMANY Auridis Bertelsmann Foundation BMW Foundation BonVenture Management Canopus Foundation Centre for Entrepreneurial and Financial Studies Centre for Social Investment Convivatus Forum for Active Philanthropy Halder Social Venture Fund StiftungCharité Wellington Partners ITALY Fondazione CRT Fondazione di Venezia Fondazione Oltre Fondazione Paideia Fondazione Oliver Twist Onlus AUSTRIA Essl Foundation BELGIUM BanqueDegroof King Baudouin Foundation Universal Education Foundation LUXEMBOURG ADA Alter Domus Arendt & Medernach Banque de Luxembourg CVC Capital Partners (Luxembourg) European Investment Fund Omnisource Price Waterhouse Coopers CZECH REPUBLIC Media Development Loan Fund ESTONIA Good Deed Foundation FRANCE Argos Soditic BNP Paribas Citizen Capital Credit Cooperatif Demeter Foundation ESSEC Business School Fondinvest INSEAD Natixis Private Equity OFI Private Equity Capital Salans L'InitiativePhilanthropique HUNGARY NESsT THE NETHERLANDS ABN AMRO dob Foundation Noaber ScholtenFranssen Social Evaluator Start Foundation Van Leer Foundation IRELAND Dublin City University iHeed NTR Foundation One Foundation Social Entrepreneurs Ireland

  21. EVPA Full & Associate Members 6 NORWAY The Competence Development Foundation of Southern Norway Cultiva Ferd Social Entrepreneurs Formuesforvaltning Voxtra SWEDEN Curitas AB JP Morgan KPMG Hogan Lovells New Philanthropy Capital Pantheon Ventures Permira Private Equity Foundation Prospectus Rayne Foundation Rianta Capital Shell Foundation Skoll Centre for Social Entrepreneurship Social Business Trust TowerBrookFoundation University of Cambridge UnLtd Venturesome The Venture Partnership Foundation Warwick University Wood Family Trust Launchpad at the Young Foundation SWITZERLAND Alphamundi Ecole Polytechnique Fédérale de Lausanne LGT Venture Philanthropy UBS Philanthropy Services PORTUGAL Stone Soup UK 3i Group Actis Absolute Return for Kids Ashden Trust Aperio Group Barclays Private Equity Bridges Ventures CAN -Breakthrough The Children’s Investment Fund Foundation Coller Capital CranfieldTrust Doughty Hanson Esmee Fairbairn Foundation GMT III Charitable Trust IKARE Impetus Trust Inspiring Scotland SINGAPORE MAM Pte Ltd SPAIN Asociacion Espanola de Entidades Capital Riesgo CreasFondo Social Alter Company Barcelona Medical Association ESADE Business School Factary Europe Fundacion Pasqual Maragall IESE Business School Invest for Children Rosa Alfieri Foundation EUROPEAN Ashoka European Foundation Centre European Venture Capital Association

  22. Contact 7 European Venture Philanthropy Association 78, avenue de la Toison d’Or B-1060 Bruxelles Tel: +32.2.5132131 www.evpa.eu.com info@evpa.eu.com Beate Trück Managing Director Beate Trück Managing Director Lisa Hehenberger Research Director Lisa Hehenberger Research Director Mineke de TheijeOperational Consultant Julia Meuter Membership Services Coordinator Julia Meuter Membership Services Coordinator Linda Muise Office Manager Linda Muise Office Manager

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