European Venture Philanthropy Directory-2010-111

EuropEan VEnturE philanthropy DirEctory 2010/11
EVPA is generously supported by:
EuropEan VEnturE philanthropy DirEctory 2010/11
Published by the European Venture Philanthropy Association This edition October 2010 Copyright 2010 European Venture Philanthropy Association ISBN: 0-9553659-8-8 Email : Website : Design and typesetting: Printed and bound by: info@evpa.eu.com evpa.eu.com Transform (transform.uk.com) Warwick Printing (warwickprinting.co.uk)
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Published with the support of the King Baudouin Foundation and the Belgian National Lottery
about this Directory

The European Venture Philanthropy Directory includes profiles of current full, associate and honorary members. It is intended to be a useful reference for grant-makers, grant-seekers, social investors, service providers, academics and private banks, as well as any others interested in the area. The introductory pages include information about EVPA and its first impact report which reviews the last five years. The directory is one of a number of EVPA publications. Other publications available online at www.evpa.eu.com include: y Praxis: Venture Philanthropy in Practice, February 2009 y Distance Learning: Managing international investments, October 2009 y Business Student Experiences at a Venture Philanthropy Fund, January 2010 y Social Enterprise: From Definitions to Developments in Practice, September 2010 y Strategies for Foundations: When, why and how to use Venture Philanthropy, October 2010 y Establishing a Venture Philanthropy Organisation in Europe (New edition), November 2010
contents
LETTER FROM THE CHAIRMAN ABOUT EVPA EVPA THE HISTORY EVPA IMPACT REPORT FULL MEMBERS Absolute Return for Kids Artha Initiative Ashoka Auridis GmbH BonVenture Breakthrough CAF Venturesome Canopus Foundation The Childrens Investment Fund Foundation d.o.b foundation The EH Foundation Ferd Social Entrepreneurs Fondation Demeter Fondazione Oliver Twist Onlus Fondazione Paideia Good Deed Foundation Impetus Trust Inspiring Scotland Invest for children LGT Venture Philanthropy NESsT Europe Noaber Foundation Oltre Venture The One Foundation PhiTrust Social Venture Fund Start Foundation Stiftung Charit Venture Partnership Foundation Voxtra Wood Family Trust ASSOCIATE MEMBERS 3i Group plc ABN AMRO Private Banking Actis AlphaMundi Group Limited Appui au Dveloppement 8 10 13 21 Autonome (ADA) Arendt & Medernach Argos Soditic ASCRI The Ashden Trust Banque de Luxembourg Banque Degroof Barclays Private Equity Bertelsmann Stiftung BMW Stiftung Herbert Quandt BNP Paribas Wealth Management Bridges Social Entrepreneurs Fund Business Angels des Cits (BAC) Partenaires Gestion CDFSN Srlandets Kompetansefond Center for Entrepreneurial and Financial Studies (CEFS) Centre for Social Investment (CSI) Charity Rating Citizen Capital Coller Capital Convivatus Social Capital GmbH The Cranfield Trust Crdit Coopratif Cultiva Kristiansand Energy Corporation Foundation CVC Capital Partners DCU Ryan Academy for Entrepreneurship Doughty Hanson & Co EPFL - Ecole Polytechnique Fdrale de Lausanne ESADE Business School Esme Fairbairn Foundation ESSEC Business School European Investment Fund Factary Fondazione CRT Fondazione di Venezia Fondinvest Capital Formuesforvaltning AS Stiftelsen et Rikere Forum for Active Philanthropy GmbH GMT III Charitable Trust Halder Beteiligungsberatung GmbH 95 96 97 98 99 100 101 102 103 104 105 106 108 109 110 111 112 113 114 115 117 118 120 121 122 123 124 125 126 128 129 130 131 133 134 135 136 137 138
33 34 35 36 38 40 42 43 44 46 47 49 50 52 54 56 58 60 62 64 66 68 70 72 73 75 77 79 81 83 85
91 92 93 94
Hogan Lovells IESE Business School iHeed Foundation IKARE Ltd INSEAD Institute for Philanthropy J P Morgan JPA Europe Limited King Baudouin Foundation KPMG Private Equity Group Lapiluz Advisory Services LInitiative Philanthropique Lundin for Africa Foundation MAM Pte Ltd Martin und Gerda Essl Sozialpreis gemeinntzige Privatstiftung Media Development Loan Fund MVision Private Equity Advisers Natixis Private Equity New Philanthropy Capital The NTR Foundation OFI Private Equity Capital Pantheon Ventures Partners in Ideas Foundation Permira Pontis Foundation PricewaterhouseCoopers S. r.l. Private Equity Foundation Prospectus The Rayne Foundation Salans Scholten & Franssen Consultancy BV Skoll Centre for Social Entrepreneurship Social Entrepreneurs Ireland Social Evaluator BV TowerBrook Foundation UBS University of Cambridge University of Warwick UnLtd Ventures Van Leer Group Foundation Wellington Partners Young Foundation Launchpad
139 140 141 142 143 144 145 146 147 148 149 150 152 153 154 155 157 158 159 160 162 163 164 165 166 167 168 169 170 171 172 173 174 176 177 178 179 180 181 183 184 185
HONORARY MEMBERS European Foundation Centre European Private Equity & Venture Capital Association (EVCA) Serge Raicher Luciano Balbo Stephen Dawson Michiel de Haan Doug Miller David Carrington CASE STUDIES ARK BonVenture Management GmbH Breakthrough CAF Venturesome Canopus The Childrens Investment Fund Foundation d.o.b foundation The EH Foundation Ferd Social Entrepreneurs Fondation Demeter Fondazione Oliver Twist Onlus Fondazione Paideia Good Deed Foundation Impetus Trust Inspiring Scotland Invest for children LGT Venture Philanthropy NESsT Europa Noaber Foundation Oltre Venture The One Foundation PhiTrust Stiftung Charit (Charit Foundation) Venture Partnership Foundation Voxtra Foundation
189 190 191 192 193 194 195 196
201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225
lEttEr FroM thE chairMan
Dear members, This past year, EVPA brought our members eleven events in eight different countries across Europe, launched our Knowledge Centre and began work on even more publications and services for the coming year. Membership continues to grow and we look forward to welcoming many more this year. We are proud to have played a role in helping leading practitioners and professionals from philanthropy to finance develop the knowledge and networks to contribute to a more effective social economy. As we take stock of our accomplishments, Id like to thank all of our members for contributing their own experiences and helping make EVPA a great place to come together and learn. Members especially liked the in-depth look into VP operations at site visits and the many opportunities to learn about best practice at events and through publications. While we were pleased to hear the many positive things our members had to say about us in the annual impact survey, we take your input very seriously. Some members highlighted the often stark regional disparities that can prevent general knowledge from being applicable to local circumstances. Our new Social Impact Network aims to help you more effectively network with practitioners in your region, in your local language if desired. This online forum will allow you to meet and collaborate, but also to coordinate events in your area, supported by EVPA. Country group meetings will be a larger focus for EVPA and we hope that this online meeting place will allow members to better connect and leverage regional expertise. Next, academics and others expressed interest in topic-specific services. The Knowledge Centre website will highlight the research projects conducted by our members and knowledge from across the field. The site aims to serve as an industry knowledge portal providing key resources including publications, articles, and data about specific aspects of venture philanthropy in Europe. The industry-wide database, currently in development, will collect and disseminate key information on the VP sector. We are also offering a variety of events this coming year including site visits, workshops and country group meetings.
Heres a deeper look at EVPAs new features, which address specific member feedback: The new EVPA Website (www.evpa.eu.com) will help members to y Keep up with the information on best practice y Showcase their own research and knowledge resources y Learn more about the European venture philanthropy landscape y Connect with other members through the Social Impact Network or LinkedIn groups y Post their events and job openings The Social Impact Network will be an online portal for all those members and invited nonmembers interested in venture philanthropy (social investment and engaged grant-giving), and other practices and allow them to find one another, discuss and collaborate. On this forum, we will post photos and summaries of events and encourage pre- and post- event networking and discussion. We are proud to have delivered a variety of interesting programming this year and look forward to offering new solutions tuned to your needs. Please continue to provide valuable feedback. Warm regards,
Serge Raicher Chairman
aBout EVpa
EVPA is a membership association made up of organisations interested in or practising venture philanthropy across Europe. Established in 2004, the association is a unique network of venture philanthropy organisations and others committed to promoting high-engagement philanthropy in Europe. EVPAs diverse membership includes venture philanthropy funds, grant-making foundations, private equity firms and professional service firms, philanthropy advisors and business schools. Currently the association has 127 members from 20 countries. EVPA has two main aims: to support its members in carrying out their venture philanthropy activities, and to promote venture philanthropy throughout Europe. To achieve this mission, EVPA provides a forum within which European based venture philanthropists can network, exchange ideas and debate best practice. EVPA also informs potential donors and others of the role and benefits of venture philanthropy and facilitates its development, with the aim of increasing knowledge and acceptance of the benefits of venture philanthropy in the charitable sector. The EVPA Knowledge Centre produces research and proffers collective industry data and curated resources to develop indepth knowledge of best practices and a vision into the future of social investment.
EVPA Board Serge Raicher, Chairman Luciano Balbo, Oltre Venture Olivier de Guerre, PhiTrust Doug Miller, Asia Venture Philanthropy Network Deirdre Mortell, One Foundation Andrew Muirhead, Inspiring Scotland Pieter Oostlander, Noaber Foundation Anne Rannaleet, IKARE Luc Tayart de Borms, King Baudouin Foundation Observers to the board Javier Echarri, European Private Equity & Venture Capital Association John Kingston, CAF Venturesome Gerry Salole, European Foundation Centre EVPA Team 2010 Beate Trck, Managing Director Lisa Hehenberger, Knowledge Centre Director Julia Meuter, Membership Services Coordinator Ashley Metz Cummings, Research Consultant Linda Muise, Office Manager
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EVPA member investment by sector 1 EVpa member investment by sector * 40% 30% 20% 10% 0%
Children, youth
Education
Social welfare
No sector focus
Health
Culture, arts
Environnement
Employement
Development
*Can include more than one Social welfare is a critical investment sector supported by a third of our full members. Many members are also involved in organisations dedicated to children, young people and education. The development sector, which encompasses international development as well as the development of locally deprived areas, gets funding from a quarter of VP investors. Fewer of our members invest in organisations related to health, the environment, the culture and arts, employment, technology and microfinance. Nearly a quarter of the full members, however, do not have any sector focus and maintain an open investment strategy.
EVPA membership data 2010 collected from Membership Directory when applicable and member websites
Micro nance
Technology
Others
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EVPA member investment by geography EVpa member investment by geography2* 25% 20% 15% 10% 5% 0%
Germany The Netherlands Global Scotland
Switzerland Austria Others
UK Africa Asia Italy Latin America
*Can include more than one The above graph presents the percentage of EVPA full members currently investing in each geographical area. A significant proportion of the full members invest in the UK, mostly due to the fact that many VP organisations are registered in this country and invest locally. For the same reason, investments are made throughout Europe. Outside of their home country, full members focus their investment on developing or transitional countries, most of which are situated in Africa or in Asia. Central and Eastern Europe and Latin America attract some VP investors and a few have no geographical focus.
EVPA membership data 2010 collected from Membership Directory when applicable and member websites
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Eastern Europe
Ireland Spain France Benelux
EVpa thE hiStory

At a meeting in London in January 2004, the five founding trustees formally launched the European Venture Philanthropy Association (EVPA) to promote venture philanthropy in Europe. The launch was the culmination of series of meetings and discussions between the five (Luciano Balbo, Stephen Dawson, Michiel de Haan, Doug Miller and Serge Raicher) who had in common a background in private equity, an interest in investing in charities and a conviction that something new was needed to maximise charities contribution to the resolution of social problems. They discussed the model of venture philanthropy, which had enjoyed a brief vogue in the US but was virtually unknown in Europe. At the start, it was a network without members, staff or premises, a support mechanism with virtually nothing to support. They had to grow the industry to promote the idea of venture philanthropy in Europe and to support those few new and emerging VP funds that existed. The association depended and continued very much to depend until 2008 - on the sweat equity of the trustees and on the bought-in expertise of consultants and advisers, prominent among whom was Rob John, who became chief adviser from late 2004 to early 2009. This organisational parsimony made the association flexible and easy to run with few resources. On the other hand, it made great demands on the few people who were involved and, at times, the new network was overstretched. Two key early steps were to enlist the support of European Foundation Centre (EFC) and the European Venture Capital Association (EVCA). The buy-in to VP of foundations would be crucial if it were to make any headway and private equity firms were seen as having (because of some common ideas and common vocabulary) a natural affinity with VP. The support of the EVCA could be secured through Serge Raicher who was the former secretary general of that association and the co-founders came from the private equity industry. Doug Miller secured EFC support at a meeting in Brussels in early 2004. The platform and the credibility that the support of both of these groups enabled have been vital. It has enabled EVPA to punch above its weight. In September 2004, EVPAs charitable registration in the UK was confirmed and, in the same month, they ran an exploratory conference on venture philanthropy, in Amsterdam which drew 65-70 people, double the number projected, from eight countries. In June 2005, the first annual conference took place, which drew 135 people from 14 countries. Advance publicity was provided by interviews in private equity magazines Real Deals and PE International, both of whom have been staunch supporters of EVPA, and through a panel at the EFC annual conference in Budapest earlier in the month. Since the early days of EVPA, much has happened. In 2009, EVPA transformed itself into a Brusselsbased international non-profit association (aisbl) under Belgian law with permanent staff and consultants. The annual conference draws an average of 350 participants and is considered the key event in European venture philanthropy. The association has a permanent team of professionals managing the activities. The founding fathers still contribute to the evolution of EVPA and the VP industry, but EVPA has now grown to a 127-member-strong network with a wide range of services to its members.
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Why join EVpa?

The leadership at your fund, the people and organisations you support, and the society you aim to improve, all stand to benefit from the effective use of philanthropic resources. Solving complex societal problems entails collaboration, creativity and the wise application of wealth and knowledge. To work toward system-wide change, your organisation requires a deep understanding of societal needs coupled with local know-how, a wide array of skills and capabilities, and a network of partners to help you tackle difficult problems and innovate around constraints. The EVPA community offers your organisation a means to work toward a more effective social economy to drive and define the industry for the future, and to learn and share practical insights and the tools you need today. Benefits of membership fall under three main categories: 1. networking Numerous events throughout the year offer unprecedented opportunities for you to connect with your peers in the venture philanthropy industry (including grant-giving, and social investment) in Europe. Our members produce thought-leadership and ground-breaking research, collaborate with each other and others to tackle multi-faceted issues and support social purpose organisations to make a proven impact in their communities. Meet, learn, share, and connect for future collaboration at our annual conference, the meeting of the year in venture philanthropy, CEO Meeting in Venice, thematic workshops and trainings, site visits and country group meetings, as well as online via our LinkedIn group and Social Impact Network. 2. Knowledge Sharing knowledge is a keystone to the EVPA community. The EVPA Knowledge Centre offers you opportunities to share your own knowledge and experience as a speaker, participant or case study subject - as well as to learn from fellow practitioners, academics and service firms. The EVPA Knowledge Centre produces research and proffers collective industry data and curated resources to help you develop in-depth knowledge of best practices and a vision into the future of social investment. Also EVPA is working on guidelines to better enable the sector. 3. promotion As a supporter of the VP industry through your membership, you help to promote greater awareness of VP issues and practices amongst donors and potential donors, potentially increasing funding into the sector and supporting new philanthropic efforts. To increase the visibility of your own good work, EVPA offers exposure via the EVPA website, Membership Directory, Newsletter, online LinkedIn group and Social Impact Network and through your presence at EVPA events. Your news, job postings, photos, video and press are disseminated by EVPA to an industry-wide network.
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categories of EVpa Membership

EVPA has three membership categories: Full Membership is open to organisations or individuals whose primary activity is venture philanthropy, and that fulfill the following criteria: y Have capital to invest y Have, as their main activity, the provision of long-term funding to charities, social enterprises or similar social purpose organisations y Are primarily seeking a social return rather than a financial return, and make a credible effort to measure social value created y Take an active role in helping develop the social purpose organisation y Assess, develop and support the core development of the organisation. Help develop a stronger executive team and board through building capacity, resulting in a more sustainable organisation (a holistic, as opposed to project, approach). Associate Membership is open to organisations or individuals with a serious interest in venture philanthropy but for whom it is not their primary activity or who do not meet all the criteria for full membership. Honorary Membership is invitation-only from the EVPA Board, and may be offered to those individuals or organisations whom the Board believes can provide valuable insight and/or assistance in helping EVPA achieve its mission and goals. code of practice All members of EVPA are committed to upholding the highest standards of practice in conducting their affairs with their donors, the charities they work with, Governmental authorities and the community at large. This behaviour is founded on transparency, responsiveness, honesty and fairness. In pursuing their individual objectives, members will: 1. Comply with all legal requirements in their respective countries. 2. Practice and promote ethical behaviour. 3. Maintain accounts in accordance with the standards and practices in their respective countries and be transparent with respect to income, expenditure and assets. 4. Run their own organisations in accordance with accepted governance standards to promote efficiency and sustainability, ensuring that their own management and resources are sufficient to meet their stated objectives. 5. Ensure appropriate internal control of resources, carry out internal evaluation of effectiveness of their programmes. 6. No member shall malign, defame or unfairly criticise any other member in any dealings. 7. No member will take advantage of its position in EVPA or abuse any information addressed to EVPA. 8. Unethical conduct will be deemed to include any evasive device intended to conceal noncompliance with the Code of Practice. In addition members who have grant making activities should disclose information regarding their policies and procedures for making grant decisions, including their requirements for active interaction with the charity. The membership application can be downloaded from evpa.eu.com
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Breakdown of membership bene ts Events Knowledge Centre EVPA
Full Associate Non-Members
all members are invited to events at reduced or complimentary prices. They are allowed full access to EVPA data and are invited to participate in the Social Impact Network and LinkedIn groups as well as working groups on specific topics of interest. Members can post jobs and news on the EVPA site as well as news in the monthly VP Update. All members receive the VP Update monthly. Full members are in addition invited to the annual Venice CEO meeting and have voting rights. associate members are given the same benefits as full members, but without voting rights or presence at the Venice CEO meeting. Attendance at Site Visits is by request. non-members can access Knowledge Centre information online and attend relevant events at full price. They can receive the VP update quarterly.
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Co nfe ren ces Wo r ks ho ps Co un tr y Gro up Site s Vis its Indep Res th da ta dat earc a h& gen Gu era ide l line s Lin ked l Soc n Ne ial Im two p r k ac t Wo rkin gG rou EVP ps AG ove Ven rna n me ice C etin EO ce Pre g po ss, ne stin w gs s & j ob
= Membership bene t
= Free to anyone
= Available to some
Definition of Venture philanthropy3

Venture philanthropy provides a blend of performance-based development finance and professional services to social purpose organisations helping them to expand their social impact. This is a highengagement, partnership approach, analogous to the practices of venture capital in building the commercial value of young companies. VP in its modern form developed originally in the US in the mid-1990s, took hold in the UK from 2002 and has since expanded into continental Europe. There are several published definitions of venture philanthropy, which try to capture its essence and core practices. The definition adopted by EVPA is set out below: Venture philanthropy works to build stronger social organisations by providing them with both financial and non-financial support in order to increase their social impact. The organisations supported may be charities, social enterprises or socially driven commercial businesses, with the precise organisational form subject to country-specific legal and cultural norms. As venture philanthropy spreads globally, specific practices may be adapted to local conditions, yet it maintains a set of widely accepted, key characteristics. These are: y High engagement: venture philanthropists have a close hands-on relationship with the social purpose organisation they support, driving innovative and scalable models of social change. Some may take board seats at these organisations, and all are more intimately involved at strategic and operational levels than in many other forms of philanthropy, significantly reducing the number of organisations supported to around 10-15 for the average VP organisation. y Tailored financing: as in venture capital, venture philanthropists take an investment approach to determine the most appropriate financing for each organisation. Depending on their own missions and the ventures they choose to support, venture philanthropists can operate across the spectrum of investment returns. Some offer non-returnable grants (and thus accept a purely social return), while others use loan, mezzanine or quasi-equity finance (thus blending riskadjusted financial and social returns). y Multi-year support: venture philanthropists provide substantial and sustained financial support to a limited number of organisations. Support typically lasts three to five years, although timescales may become longer as VP in Europe develops. The VPOs objectives will include helping the organisation to become financially self-sustaining by the end of the funding period. y Non-financial support: in addition to financial support, venture philanthropists provide valueadded services such as strategic planning, marketing and communications, executive coaching, human resource advice and access to other networks and potential funders. y Organisational capacity-building: venture philanthropists focus on building the operational capacity and long-term viability of the organisations in their portfolios, rather than funding individual projects or programmes. They recognize the importance of funding core operating costs to help these organisations achieve greater social impact and operational efficiency. y Performance measurement: venture philanthropy investment is performance-based, placing emphasis on good business planning, measurable outcomes, achievement of milestones, and high levels of financial accountability and management competence.
Establishing a Venture Philanthropy Organisation in Europe: A Practical Guide, EVPA, Ed. October 2010
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The venture philanthropy approach Donors - Mainly foundations, VC/PE rms, High networth individuals (many from VC/PE sector or business entrepreneurs) and corporations. Donors expect mainly a social return on their investment. Social return VP organisations - VP organisations provide tailored nancial and nonnancial support to the target organisation (Investee) and expect a social return on its investment. Any nancial return is usually recylced into new investments. Mostly set up as foundations, funds or a structure that incorporates both.
DONORS
Financing
VP Organisation
Financing Non - nancial support
Social return Financial return Recycling or below market
Investee
Investees - Non-pro t organisations and social enterprises at a critical stage in their development.
The recent financial crisis has stirred the debate on financial returns. In VP, any financial return generated from investees should be recycled into new investments unless the return is clearly below market. Venture philanthropy can operate across a spectrum of organisational types, from charities and non-profit organisations through to socially driven business. The diagram below4 sets out the range of organisational types that may have some social mission of one form or another. Those that are typically considered for investment by venture philanthropy organisations (VPOs) will generally fall into the Charities, Revenue Generating Social Enterprise and Socially Driven Business categories, collectively referred to as Social Purpose Organisations (SPOs):
Adapted from John Kingston, CAF Venturesome, by Pieter Oostlander, Noaber Foundation. Image produced by Shaerpa.
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Primary driver is to create social value
Organisations can create blended social and nancial value

SOCIAL PURPOSE ORGANISATIONS [SPO s]
Primary driver is to create nancial value

Traditional Business
Charities
Revenue Generating Social Enterprises
Socially Driven Business Pro t distributing socially driven CSR Company
Grants only; no trading
Trading revenue and grants
Potentially sustainable >75% trading revenue
Breakeven all income from trading
Pro table surplus reinvested
Company allocating percentage to charity
Mainstream Market Company
Impact Only
Impact First Venture Philanthropy Social Venturing
Finance First
Venture philanthropy includes both grant funding and social investment. By grant John Kingston, Venturesome Based upon: funding we refer to the provision of non-repayable donations to the social purpose organisation; an Impact Only strategy. Social investment (or social venturing) refers to funding that may generate a financial return, but where the social impact comes first; so-called Impact First strategies. Although grants can in theory be provided across the spectrum of SPOs, they are generally most suitable for SPOs that do not have the potential to become financially sustainable, i.e. Charities. In general, social investment is provided to SPOs in the categories of Revenue Generating Social Enterprises or Socially Driven Businesses, although loans can also be provided to Charities with trading revenues. The division between the two approaches is not as clear-cut as it may appear in this schematic overview. There is a spectrum of increasingly sophisticated financing mechanisms included in social investment. origins and European expansion The term venture philanthropy can be traced back as far as the 1960s in the US, but it was only during the 1990s that the term gained popularity and stimulated a debate on new forms of highly engaged grant making by foundations. An influential Harvard Business School paper by Letts, 5 Ryan and Grossman challenged foundations to employ tools from venture capital to invest in the organisational, rather than the programmatic, needs of social purpose organisations. Porter and Kramer6 subsequently challenged foundations to create greater value and to act as more than a passive conduit for transferring finance from private sources to grantees. At the same time, existing foundations were considering how to change some of their practices in order to better assist the social sector and how to align their investments with their social mission. In the UK, considerable interest in innovations in social investment, including high engagement models, began to develop in 2001. While there were several historical examples of VP-like activity, it was not until 2002 that the UKs first VPO, Impetus Trust, was launched. In continental Europe, there has been a slow, but steady arousal of interest in social investment and high-engagement models of philanthropy, but only in the last four or five years have new organisations or models emerged. EVPA, formed in 2004, is the primary vehicle for encouraging the development of the VP model throughout Europe. Although not without its sceptics, VP has the potential to contribute to developing a more flexible and diverse social investment market. Its focus on building organisational capacity in entrepreneurial social purpose organisations, matching appropriate finance with strategic businesslike advice, makes it a distinctive provider of capital. Venture philanthropy in Europe has strong links to the private equity and venture capital community, giving it opportunities to influence
Virtuous Capital: What Foundations Can Learn from Venture Capitalists, Christine Letts, William Ryan and Allen Grossman, Harvard Business School (1997) Philanthropys New Agenda: Creating Value, Michael Porter and Mark Kramer, Harvard Business Review (1999)
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the corporate social responsibility of a set of major players in Europes financial services industry. Several new venture philanthropy organisations have been established by philanthropists who had successful careers in private equity. However, foundations are increasingly interested in the VP approach as an additional tool in their philanthropy toolbox. EVPA has recently (October 2010) published a report on VP strategies for foundations7. Some foundations use selected parts of the VP approach in their everyday activities, others have set up dedicated VPOs within the foundation, and some foundations use VP as an alternative strategy calling for a complete turnaround. Co-investment between a VPO and a foundation is also an interesting strategy as it enables each party to contribute its own expertise. Foundations often have extensive experience of working in particular social sectors that can prove invaluable to a VPO that is more focused on developing processes and building strong organisations. VP in its current form is evolving at the intersection between the forprofit and the non-profit sector involving professionals and practices mainly from venture capital, philanthropy and the corporate sector. The Central and Eastern European countries, the Baltic States and Former Soviet Union have faced significant challenges in rebuilding a market economy and a social sector simultaneously, leading to widespread, unaddressed social needs. VP may have a particularly valuable role in helping to build stronger civil society institutions in these countries. As evidenced in another EVPA publication - Social enterprise: From Definitions to Developments in Practice8 - VPOs, both in transition economies and in more mature markets, often have to struggle with regulatory hurdles in their quest to provide social purpose organisations with the support necessary to prosper and grow. Motivation for Venture philanthropy
9
Venture Philanthropy organisations usually position themselves as complimentory to other forms of funding available to SPOs. But they do view the VP model as particularly appropriate for organisations undergoing rapid growth and development. VPOs recognise that many SPOs lack the internal capacity, particularly the appropriate business skills and growth capital, to grow significantly the scale of their social missions, reach new markets or be competitive when bidding for government contracts. The capital market for social innovation is not as efficient or diverse as it is for developing fully commercial enterprises. VP brings diversity in funding solutions and so helps to make the capital market more efficient, especially for rapidly growing and developing organisations. Venture philanthropy is best described not as a blueprint, but rather as a movement that is evolving a set of practices. However, EVPA has recently decided to issue guidelines for practice and establish general principles in order to encourage the professionalization and standardization of the industry. The objective of the guidelines is to manage expectations as to the behaviour of VPOs. VP is still an emerging player in the social sector, with the fundamental challenge of offering new solutions to the promotion and encouragement of entrepreneurship and innovation. In order to achieve this, the industry must address a number of enabling issues, namely: y Communicating and marketing what they do within the social sector (to multiple audiences, including SPOs, statutory agencies, other types of social sector funders) y Developing a range of financial instruments and advisory services that meet the needs of SPOs y Measuring the performance and social impact of SPOs (and hence the performance of VP investment) y Collaborating with and learning from complementary capital providers such as foundations or private equity and venture capital firms.
VP Strategies for Foundations: When, why and how to use Venture Philanthropy, Ashley Metz Cummings and Lisa Hehenberger, EVPA (2010) Social enterprise: From Definitions to Developments in Practice, Marta Maretich and Margaret Bolton, EVPA (2010) Ibid
8 9
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EVpa iMpact rEport 2005-2009

FEEDBacK FroM our MEMBErS10 A survey of EVPA members was conducted in June 2010 so that EVPA could better understand how it was affecting its members and make informed decisions about its programming.
Survey respondents reflected EVpas diverse membership

Academic 4%
Venture philanthropy org 14%
Advisory 10% Financial services provider 8%
Social investor 21%
Foundation 29% Private equity rm 14%
Survey respondents were a mix of old and new members
4 or more years
1 years or less
2 or 3 years
10
Survey of EVPA members, June 2010
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Highly useful contact with colleagues on issues related to strategic philanthropy, joint project support, performance monitoring.
EVPA communications read
Other Website Reports Newsletter
2.20% 67.40% 69.60% 95.70%
Most respondents read the newsletter regularly, and the majority also read EVPA reports and its website. EVPA will soon launch a new website, along with the Knowledge Centre website, hosting many more documents and knowledge on the sector.
Activites attended Other 4.50% 11.40% 13.60% 34.10% 97.70%
The site visit was very helpful, hands-on, and practical, it was a very valuable experience.
Country-based Seminars Site Visits Members Workshops Annual Conference
Olga Auchenbach, Pontis Foundation, of Impetus Site Visit
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Attendance at events varied by member type Venture philanthropy organisation Social investor Private equity rm Foundation Financial services provider Advisory Academic 0% 20% 40% 60% 80% 100%
You got the balance between learning about Impetus (clearly the focus of a site visit!) and networking opportunities exactly right - impressive! I really enjoyed the day and the previous dinner and it really was worthwhile! Thanks to all, in particular at Impetus for sharing their experience and insights!
Christian Meyn, Auridis, commenting on the Impetus Site Visit
Annual conference Members workshops Country-based seminars Site visits Other
The largest event of the year, the annual conference, was attended ce joining EVPA, Members have undergone a variety by nearly all respondents. Nearly a third of venture philanthropy organisations attended workshops, and nearly half of social investor and foundation respondents did as well. Site visits were the most popular with venture philanthropy organisations and social investors. Country based seminars were less frequently attended by member respondents.
Excellent speakers and I really liked the fact that different financing models (grants and equity/loans) were discussed in the workshop.
Attendee, Brussels Workshop
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It helped us gain a better understanding of the growing field of venture philanthropy, which is an area of interest to us as part of our overall commitment to responsible investing.
Most members found EVPA activities helpful 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
Yes No
We work with the principles of Venture Philanthropy, we are more or less developed on our own and its very nice to share this experience with other people, having the same challenges, even if there are cultural differences, we learn a lot from the other people, about how to improve our work.
The majority of member types reported finding EVPA activities helpful, while some academic and advisory members did not. In the future EVPA will provide greater services to academic members through the Knowledge Centre, some of which are also beneficial to advisory service members. Although EVPAs primary activities are aimed at practitioners and firstly serve this demographic group, we are working hard to develop services that are useful to all our members.
Andre Hendrikse, Start Foundation
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Fin
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Since joining EVPA, members have undergone a variety of changes 30%
25%
20%
15%
10%
5% 0% Investment strategy Investment process Monitoring process Impact evaluation Management/Sta development Investor/funder relations Investee/grantee relations
Over a quarter of members reported changing their investment strategy and/or impact evaluation since joining EVPA. Respondents cited EVPA reports as useful for informing changes in strategy. Changes in impact evaluation included the use of SROI and other initiatives. Many respondents also changed the way they monitored processes and their management development. Some also made changes in investment processes, investor/ funder relations and investee/grantee relations. Staff attended EVPA workshops and EVPA facilitated networking that led to other changes.
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I think this is the great value of EVPA, the ability that we have, in this very nascent industry, to learn from each other, be open and share, and also sort of reflect back as to what you should be doing in our engagement in the social sector. Do come to the conference, because its a fantastic and unique opportunity to see the best of what is out there across Europe and even beyond Europe as well.
Changes undergone by member type 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Foundation Investment strategy Investment process Monitoring process Impact evaluation Management/sta development Investor/funder relations Investee/grantee relations Social Investor Venture philanthropy org
Daniela Barone Soares, Impetus Trust
Since joining EVPA, foundations were more likely to make changes than venture philanthropy organisations (VPOs) or social investors. This likely reflects new-comers to the VP method adopting more VP methodologies already in use by venture philanthropy organisations. However, over a third of VPOs changed their investment strategies since joining EVPA, demonstrating the flux in the industry and necessity to learn and adapt.
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the year in review: EVpa Knowledge centre The EVPA Knowledge Centre was officially launched. The establishment of the Knowledge Centre is a major accomplishment for EVPA to provide valuable resources about venture philanthropy including publications, articles and workshops and to highlight exciting research projects conducted by members across Europe. Publications from the Knowledge Centre in its first year include: y Distance Learning: Managing International Investments y Case Study 1: Noaber Foundation y Case Study 2: Jacana Venture Partnership y Social Enterprise: From Definitions to Developments in Practice y Strategies for Foundations: When, why and how to use Venture Philanthropy y Establishing a Venture Philanthropy Organisation in Europe (New edition) These publications are available online for download. Printed copies of the latter two can be ordered from AllianceMagazine.org. The Knowledge Centre website will be launched in November 2010 and the industry database is expected beginning of 2011. The KC website will be a research portal for the VP industry as well as a place for members and interested parties to connect online. The database will compile key statistics necessary for research and documentation of the growing sector.
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the year in review: EVpa Events Bookended by the annual conference, the 2009-2010 year has seen an event per month on average from EVPA. Workshops, country interest groups and conferences on specific topics have been held in countries across Europe. The EVPA annual conference is a yearly event where leading experts in the field discuss the key developments of the industry and meet their peers across Europe. The annual conference 2010, A New Era in Venture Philanthropy: Where Grant and Social Investment Converge will take place in Luxembourg on 16-17 November. The event is generously supported by the European Impact Financing Group Luxembourg consisting of the Banque de Luxembourg, Ernst & Young, Arendt & Medernach, ADA Microfinance Expertise and the European Investment Fund. Confirmed keynote speakers are: y percy Barnevik Chairman, Hand in Hand y Sir ronald cohen Chairman, Bridges Ventures y Jacqueline novogratz Founder and CEO, Acumen Fund This years conference acknowledges that venture philanthropy has come a long way since the first official EVPA conference in London in 2005. The distinction between the non-profit and the for-profit sector has become blurred with the emergence of social entrepreneurship and the increased demand for transparency and performance measurement to assess the efficiency of non-profit organisations. Meanwhile, foundations have considered how to change some of their practices in order to better assist the social sector and how to align their investments with their social mission. Venture philanthropy is positioned at the intersection between the for-profit and non-profit sectors. As such, venture philanthropy includes high engagement and a range of financing mechanisms tailored to the needs of the social purpose organisation, be it a non-profit organisation or a social enterprise. The aim of this years conference is to move away from past dichotomies and to focus on the overall objective of venture philanthropy: building stronger social sector organisations to achieve greater social impact. That for the first time the annual conference was fully booked a month before shows that EVPA has now a unique standing in the venture philanthropy sector. The annual conference 2011 will take place in Torino, hosted by Fondazione CRT.
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thE EVpa calEnDar 2009/2010:

Annual Conference Amsterdam, 16/17 November 2009 Venice, 18 &19 March 2009 The Rise of Social Enterprise in Europe: A Critical Role for Venture Philanthropy. Event for leaders in the field to network and discuss the evolution of the field and practices. This event was organised by Noaber, d.o.b foundation, and the Start foundation. A session on VP was organised by Pieter Oostlander and Jos Verhoven during the Dutch conference on Civil Society. This event was organised during the European Foundation Week and intends to provide EVPA members with an introduction into different financing models. The event, the third of its kind is co-organised between Natixis PE and EVPA. This visit provided an inside look into the work of an experienced VP practitioner. An introduction to Venture Philanthropy. A New Era for Venture Philanthropy: Where Grant Making and Social Investment Converge.
Venice meeting for CEOs of full members
Dutch Interest Group
The Netherlands, 21 May 2010
Workshop on different financing models
Brussels 1/2 June, 2010
French Country Interest Group
Paris, 24 June 2010
Site Visit at Impetus Trust
London, 29 June 2010
Conference Cycle: Venture Philanthropy and Impact Finance Annual Conference
Luxembourg, 15 September 2010 Luxembourg, 16/17 November 2010
Other thematic workshops are upcoming and linked to new publications from the Knowledge Centre. New German and Belgian country interest groups are in the planning stages and interest has been demonstrated for an Iberian country group. Country groups are memberled networks supported by the EVPA with the objective of encouraging and actively supporting the development of venture philanthropy locally.
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2010-2011 Membership profiles

The following pages include the profiles of our current full, associate and honorary members. This information is intended to be a useful reference for grant-makers, grant-seekers, social investors, service providers, academics and private banks, as well as any others interested in the area. They are divided in three sections: full members (p. 31), associate members (p. 89) and honorary members (p. 187). The directory is one of a number of EVPA publications. Other Publications are available online at www.evpa.eu.com. Please contact info@evpa.eu.com to learn more about joining EVPA.
EVPA FULL MEMBERS
absolute return for Kids

65 Kingsway London WC2B 6TD United Kingdom Contact Tel Email Website Ryan Mootoo +44 (0) 20 3116 0700 ryan.mootoo@arkonline.org www.arkonline.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus UK and Eastern Europe Africa Asia Children, youth Education Health The AIDS Care Team see case study p. 201 Absolute Return for Kids (ARK) is an international charity whose purpose is to transform childrens lives. Charity / non profit 2002 London, United Kingdom
Sector focus
Examples of investment
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artha initiative
associated with rianta capital ltd

Leconfield House, Curzon Street, Third Floor London W1J 5JA United Kingdom Contact Tel Email Anna Mustoe +44 (0) 20 7016 4300 Anna.Mustoe@riantacapital.com
OVERVIEW Mission The Artha program strives to support high impact sustainable enterprises that are validating the market niche for providing goods and services to the bottom of the pyramid in India, with an emphasis on agriculture, energy and livelihoods. Company Fund 2007 London, United Kingdom
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus
Asia Agriculture Cleantech Livelihoods Water Type: Social enterprise Phase: Established but scaling up, mature 1.2 million 40,000 400,000 5-7 years Equity Convertible grant Strategy consulting Governance Fundraising or revenue strategy Marketing and communication
Target organisations Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing Non financial services
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ashoka
Sophienstrasse 26 80333 Munich Germany Contact: Felix Oldenburg, Director Ashoka Europe Tel Email Website +49 69 7162 5588 foldenburg@ashoka.org www.ashoka.org/staff_europe
OVERVIEW Mission Ashoka strives to shape a global, entrepreneurial, competitive citizen sector: one that allows social entrepreneurs to thrive and enables the worlds citizens to think and act as changemakers. Charity / non profit Fund Social enterprise 1981 Washington DC, United States
Type of organisation
Year of origin Headquarters location INVESTMENT Geographical focus
Austria, Belgium, Czech, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, United Kingdom, Switzerland Children, youth Culture and recreation Development and housing Environment Health Social services Cleantech Microfinance Type: Social enterprise Phase: Established but scaling up 40 million Size of the Ashoka Venture Fund: 15 million Living stipend for social entrepreneurs Strategy consulting Coaching, mentoring of the CEO or the management team Governance Fundraising or revenue strategy Legal advice Networks (Global Network of 2,500 leading social entrepreneurs)
Sector focus
Target organisations Annual expenditure on VP Funding available Types of financing Non financial services
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auridis Gmbh
Gruenstrasse 18 41460 Neuss Germany Tel Email +49 2131 1511842 info@auridis.de
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus German-speaking countries and one non-European organisation supported Children, youth Education and research Social services Type: Charity without trading, charity with trading Phase: Established but scaling up 1million - 3million 3 - 7 years Loan Subordinated loan Grant Recoverable grant Strategy consulting Coaching, mentoring of the CEO or the management team Fundraising or revenue strategy Legal advice Networks Aflatoun (global) wellcome gGmbH (Germany) Auridis invests globally in endeavours which sustainably improve the life opportunities for socially disadvantaged children. Company Charity / non profit 2006 Neuss, Germany
Target organisations VP average investment size Average duration of the VP support Types of financing
Non financial services
continued on next page
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auridis Gmbh
(continued from previous page)
ADDITIONAL INFORMATION Portfolio organisations provide programmes which have successfully demonstrated that they lead to sustainable improvements, (better) satisfy a demonstrable demand, are designed for regional or rathernationwide replication and show a credible potential to achieve such growth. Investments by Auridis are focused on the dissemination and replication of successful approaches. Auridis does not invest in the development or pilot phases of new endeavours. Auridis provides non-recoverable grants for the development of business plans of up to 50k. Organisations accepted into the portfolio receive multi-year operating support to be used for core personnel, organisational development, capacity building, and expansion of operations. In certain cases interest-free loans may be provided. One of the essential investment criteria is the prospect that the organisation will achieve financial sustainability over the course of the investment period.
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BonVenture
Pettenkoferstrasse 37 D-80336 Mnchen Germany Contact Tel Email Website Dr. Erwin Stahl +49 (89) 2 00 01 25-30 info@bonventure.de www.bonventure.de
OVERVIEW Mission BonVenture funds companies and organisations with a social purpose in German-speaking countries. The foundation seeks projects that are innovative with a strong social impact, are led by motivated and committed social entrepreneurs, and will be financially self-sustaining in the long term. Foundation Fund 2003 Munich, Germany
German-speaking countries (Austria, Germany, Switzerland) Children, youth Education and research Environment Social services Nutrition and consumer protection Social development Transparency Type: Social enterprise Phase: Pilot or start-up, established but scaling up Approx. 1.5 million 2 million Funds: Fund 1: 5.12 million Fund 2: 9.84 million Foundation: Approx. 50-100 K per year (only donations) 250,000 - 1million over 1 - 5 years 3 -7 years
Target organisations Annual expenditure on VP Funding available
VP average investment size Average duration of the VP support
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BonVenture
INVESTMENT (continued) Types of financing Senior loan Loan Subordinated loan Convertible loan Mezzanine finance Equity Convertible grant Grant Strategy consulting Coaching, mentoring of the CEO or the management team Fundraising or revenue strategy Financial management Marketing and communication Networks hand in gAG (www.hand-in.de), Parlamentwatch GmbH (www. abgeordnetenwatch.de), Solarlite GmbH (www.solarlite.de). Dialogue Museum GmbH see case study p. 202
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Breakthrough
CAN Mezzanine, 49-51 East Road London N1 6AH United Kingdom Contact Tel Email Website Richard Kennedy +44 207 250 8048 breakthrough@can-online.org.uk www.breakthroughfund.org.uk
OVERVIEW Mission Breakthrough provides a combination of capital and high level management intervention to help established social enterprises scale up and maximize their social impact. Charity / non profit 2005 London, United Kingdom
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Funding available VP average investment size Average duration of the VP support Types of financing Non financial services
United Kingdom No focus Type: Charity with trading, social enterprise Phase: Established but scaling up Size of fund: 1: 1 million Size of fund: 2: 2 million (to date) 160,000 2 years Grant Strategy consulting Coaching, mentoring of the CEO and / or the management team Operational management Fundraising or revenue strategy Financial management Marketing and communication Business mentoring Specialist support Investment readiness Advocacy Partners Speaking Up see case study p. 203
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Breakthrough
ADDITIONAL INFORMATION Breakthrough was launched in 2005 by the social enterprise CAN and the European private equity firm Permira. Breakthrough invests in social enterprises by helping them to scale up their activities and remove the barriers to growth. It provides a combination of growth capital and high-quality business and management expertise to support these organisations. Fund one (2005 2007) invested one million euros in four social enterprises. Fund two launched in 2007 with 2 million euros. Since its establishment in 2005, the financial turnover of the portfolio organisations has increased, on average, by 20 per cent per annum since 2005, whilst the social impact has grown, on average, by 30 per cent a year. The Breakthrough portfolio includes Advocacy Partners Speaking Up, Teach First, TimeBank, GreenWorks, Law For All, FareShare and Training for Life. It is the combination of financial investment and operational support from experienced private equity and social enterprise professionals that has proved invaluable to these organisations. In 2008 additional funds were secured from SVG Capital. The Breakthrough fund is open to new investors and business skills. For more information please contact Richard Kennedy at CAN on r.kennedy@can-online.org.uk or 0044 020 7250 8038.
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caF Venturesome
Charities Aid Foundation 7th Floor, St Andrews House, 18-20 St Andrew Street London EC4A 3AY United Kingdom Contact Tel Email Website Ann Lunan 03000 123 300 venturesome@cafonline.org www.venturesome.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing United Kingdom No focus Type: Charity without trading, charity with trading, social enterprise Phase: Established but scaling up, mature 5 million Fund size: 15 million 100,000 3 5 years Loan Subordinated loan Mezzanine finance Equity Financial management Beat see case study p. 204 Venturesome is a social investment fund thatprovides investment to help charities and social enterprises deliver on their mission. Charity / non profit 2002 London, United Kingdom
Non financial services Examples of investment ADDITIONAL INFORMATION
Venturesome aims to help build a robust social investment market in the UK and, to this end, publishes its learning on its website, for example, Access to Capital (2009).
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canopus Foundation
Grnwlderstr.10-14 D-79098 Freiburg Germany Contact Tel Email Website Kathrin Kemper +49 761 20 20 172 info@canopusfund.org www.canopusfund.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Africa Asia Latin America Development and housing Environment Cleantech Type: Charity with trading, social enterprise Phase: Pilot or start-up, established but scaling up, mature 100,000 15 million (Via Forseo GmbH) Size of endowment: 3 million Strategy consulting Coaching, mentoring of the CEO or the management team Governance Fundraising or revenue strategy Financial management Marketing and communication The Quiron Project see case study p. 205 Promote private social investment and social enterprise in order to fight poverty and environmental degradation. Foundation 1997 Freiburg, Germany
Sector focus
Target organisations Annual expenditure on VP Funding available Non financial services
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the childrens investment Fund Foundation

7 Clifford Street London, W1S 2WE United Kingdom Tel Email Website +44 207 440 2357 info@ciff.org www.ciff.org
OVERVIEW Mission The Childrens Investment Fund Foundation (UK) (CIFF) aims to demonstrably improve the lives of children living in poverty in developing countries through large-scale and sustainable impact. Foundation 2002 London, United Kingdom
Africa Asia Children, youth Education and research Environment Health Type: Charity without trading Phase: Established but scaling up, mature 31.7million (Sept. 2008 - Aug. 2009) Size of endowment: 1.6 billion 2 million (based on Sept. 2008 - Aug. 2009 data) 3- 5 years Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Networks See case study p. 206
Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Non financial services
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ADDITIONAL INFORMATION CIFFs goals are to: y discover high-impact investing opportunities to unleash positive outcomes for children; y design interventions with entrepreneurial and growth-oriented partners to tackle these issues directly; y deliver breakout performance through deep, active and rigorous engagement; y support initiatives with potential to transform the landscape for children; y be a leader in international philanthropy by proactively and consistently delivering measurable and large-scale results.
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d.o.b foundation
IJsseldijk 1 8194 LA Veessen The Netherlands Contact Tel Website Jacqueline van der Beek +31 578631111 www.dobfoundation.nl
OVERVIEW Mission d.o.b foundation invests in and supports social entrepreneurs who identify commercial opportunities in social issues. The foundation strives for a structural improvement of the wellbeing of people who are marginalized or living in poverty. Foundation 1997 Veessen, The Netherlands
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Funding available VP average investment size Average duration of the VP support Types of financing
The Netherlands Africa No focus Type: Social enterprise Phase: Established but scaling up approx. 5 million per year 200,000 3 million 5 - 7 years Loan Convertible loan Mezzanine finance Equity Convertible grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Advice (e.g. legal, tax) Networks BASE Technologies see case study p. 207
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the Eh Foundation
Kappelistrasse 41 704 Herrliberg Switzerland Contact Tel Email Website Eva Helene Yazhari +41794690396 eva@theehfoundation.org www.theehfoundation.org
OVERVIEW Mission The EH Foundations goal is to be the partner of choice for both social entrepreneurs and social philanthropists in sourcing, supporting and scaling innovative ideas that directly and positively impact the lives of the worlds most impoverished people. Charity / non profit Fund 2009 Zurich, Switzerland
Africa, Asia Development and housing Education and research Environment Health Social services Cleantech Microfinance Type: Social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up, mature 10,000 5-10 years Guarantee Senior loan Loan Convertible loan Mezzanine finance Equity Convertible grant
Target organisations
VP average investment size Average duration of the VP support Types of financing
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the Eh Foundation
INVESTMENT (continued) Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Operational management Fundraising or revenue strategy Financial management Legal advice Networks Healthpoint Services Global see case study p. 208
Examples of investment ADDITIONAL INFORMATION
EH Foundation supports high potential entrepreneurs with innovative business models helping to fight poverty. Its investments address critical human needs, providing basic services, which are not currently available through traditional markets. It believes in transparency, choice, market-base solutions and in being part of one global community.
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Ferd Social Entrepreneurs

P.O.Box 34 1324 Lysaker Norway Contact Tel Email Website Katinka Greve Leiner +47 67 10 80 50 / +47957 21 740 kgl@ferd.no www.ferd.com
OVERVIEW Mission Ferd Social Entrepreneurs supports social entrepreneurs who work to help ensure that children and young people can realize their goals and recognize that they do have opportunities. Company Charity / non profit Ferd was established in 2001 and the business area Ferd Social Entrepreneurs in 2009. Lysaker, Norway
Norway Children, youth Education and research Social services Type: Social enterprise Phase: Established but scaling up 440,000 in 2009 2.5 million per year 200,000 3-5 years Guarantee Convertible loan Equity Convertible grant Grant Strategy consulting Coaching, mentoring of the CEO or the management team Marketing and communication Networks UNICUS, New Page see case study p. 209
Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing
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Fondation Demeter
44, rue Vaneau 75007 Paris France Contact Tel Email Pascal Vinarnic +33 (0)1 4548 8856 pascal@ceresfinance.com
OVERVIEW Mission Help charities improve their operating processes and governance principles so as to make the best use of their resources and to move towards self-sufficiency. Foundation 1994 Paris, France
Worldwide Children, youth Social services Microfinance Type: Charity without trading, charity with trading, social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup 20,000 - 50,000 Size of endowment: 300,000 10,000 - 50,000 5 - 7 years Interest-free loan Convertible loan Equity (soon) Convertible grant Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Fundraising or revenue strategy Legal advice Networks Genera, Gente Nueva see case study p. 210 continued on next page
Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing
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Fondation Demeter
ADDITIONAL INFORMATION Though there is no geographical focus, Demeter provides very hands-on support to the programs it supports, and thus will prioritize projects or organisations based close to Demeters resources (France, Benelux, the UK, Latin America though non-exclusive). After over 10 years of involvement with Microfinance institutions, Demeters current focus is with income-generating programs targeting At-Risk Youth. Relationships with beneficiary non-profits typically last between 5 to 7 years, often beginning with advisory assistance and progressing to financial support after 6-to-12 months. Demeter invests 10,000 to 50,000 annually, typically comprising 80% interest free loans (or a refundable financial instrument) and 20% grants disbursed over a 3-year period and to be reimbursed over the subsequent three years.
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Fondazione oliver twist onlus

Address Via Bigli, 21 Milan 20121 Italy Tel Email Website +39 (0)2 77718726 info@fondazioneolivertwist.org www.fondazioneolivertwist.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Italy Children, youth Education and research Social services Type: Charity without trading Phase: Established but scaling up 1.8 million 100,000 - 250,000 2-3 years Grant Strategy consulting Operational management Fundraising or revenue strategy HR management Networks The Scuola Oliver Twist project see case study p. 211 Operate in the social field by setting up and supporting projects designed to help minors in difficult circumstances. Charity / non profit Foundation 2005 Milan, Italy
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ADDITIONAL INFORMATION Oliver Twist adopts a dual approach to its support, providing both cash donations and operational involvement. It also may initiate its own projects. All projects are directly identified, supervised and managed by Oliver Twist staff (including recruitment, development and project allocation of human resources as well as project monitoring to conclusion). In the coming years, Oliver Twist will seek to create concrete and close ties with the target organisations, growing hand-in-hand with them. Its two key objectives are to: y directly run projects for the prevention of: social exclusion, dropping out of school, learning disorders and the risk of delinquency; and y support dependable non-profit organisations by implementing specific projects designed to tackle abandonment and abuse of minors.
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Fondazione paideia
Via San Francesco dAssisi 44 10121 Torino Italy Contact Tel Email Website Fabrizio Serra, Giorgia Salvadori + 39 011 5520236 info@fondazionepaideia.it www.fondazionepaideia.it
OVERVIEW Mission Fondazione Paideia was created as a result of the efforts of several Turin families who were united by the desire to improve the life of the most disadvantaged children, promoting projects and giving concrete support to those daily involved in this delicate area. Foundation 1993 Torino, Italy
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Non financial services
Italy Children, youth, Culture and recreation, Health, Social services, Microfinance Type: Social enterprise Phase: Pilot or start-up, established but scaling up, mature 500,000 Size of endowment: 11 million Size of dedicated VP fund: 530,000 20,000 3 years Equity Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Operational management Fundraising or revenue strategy Networks The Community Participation Project see case study p. 212
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Fondazione paideia
ADDITIONAL INFORMATION The work of Paideia is guided by experience developed in the field, by careful evaluation of contexts and needs, by the effectiveness of the answers, and these are carried out by working together with public organisations and private social welfare groups, or aimed at individual families.
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Good Deed Foundation

Rotermanni 8 10111 Tallinn Estonia Contact Tel Email Website Mart Kuusk +372 630 9636 info@heategu.ee www.heategu.ee
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Estonia Children, youth Culture and recreation Development and housing Education and research Environment Health Social services Type: Social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up 500,000 Depends on project needs up to 500,000 From seed-funding up to 650,000 3-5 years Guarantee Loan Grant Helping Hand see case study p. 213 Develop the field of social entrepreneurship in Estonia. Foundation 2003 Tallinn, Estonia
Example of investment
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INVESTMENT (continued) Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication IT Legal advice HR management Networks
ADDITIONAL INFORMATION Good Deed Foundation (GDF, Heateo SA in Estonian) is a launchpad for new and exciting social initiatives. Its mission is to develop the field of social entrepreneurship in Estonia. It does this by (1) supporting start-up and step change social enterprises in its portfolio, and (2) advocating that social entrepreneurship is an effective way to solve burning social issues through communication, training and lobbying. The focus of GDF is its portfolio: projects and organisations that show the greatest potential to solve pressing problems in Estonian society. They come from two sources some are established by GDF, others are found by regularly gauging the effectiveness of existing organisations. Once it has determined the solutions with the greatest potential, it supports their realisation and growth by means of both financial investment and professional consulting (e.g. volunteers from Swedbank, Hill & Knowlton, Fontes, law offices etc.). The driving idea behind the support is to create the greatest possible change in society. In seven years it has fostered the development of more than 12 social initiatives. The best known are the Estonian homeless football team, the educational program Noored Kooli / Youth to School, which takes after Teach First (UK) and Teach For America (USA) and Estonian business coalition against HIV. Common to all its initiatives, it picks out the ideas and solutions that have the greatest potential to positively transform Estonian society. It helps to realise these ideas by applying the venture philanthropy model, i.e. by engaging in long-term financial support and providing expert volunteers.
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impetus trust
20 Flaxman Terrace London WC1H 9PN United Kingdom Contact Tel Email Website Nat Sloane +44 020 3 384 3940 info@impetus.org.uk www.impetus.org.uk
OVERVIEW Mission Impetus Trust works to break the cycle of poverty by investing in ambitious charities and social enterprises that fight economic disadvantage. Impetus achieves this through its highly effective model of venture philanthropy which has three key components: unrestricted strategic funding; very hands-on support from the Impetus investment team and specialist support for capacity building, from experts who volunteer their skills. Charity / non profit Fund 2002 London, United Kingdom
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing
United Kingdom Economic Disadvantage, with special initiatives around reducing reoffending and early intervention for vulnerable children. Type: Charity without trading, charity with trading, social enterprise Phase: Established but scaling up 3.3 million in 2009-10, which includes both grants and the value of pro bono expertise provided 425,000 in unrestricted grants, plus a similar value in pro bono expertise provided 4-5 years Grant
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impetus trust
INVESTMENT Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication IT Legal advice HR management Networks Speaking Up, St Giles Trust, Leap Confronting Conflict, Camfed International, Fairtrade Foundation, Street League, FRC Group. See case study p. 214
ADDITIONAL INFORMATION Impetus-supported charities and social enterprises were able to help more than 230,000 disadvantaged people in the last year alone. Their average annual growth in people helped was 56% (08/09 figures); and their average growth in income was 40% (08/09 figures), which was more than ten times the sector average. The special combination of funding, leveraged by co-investment, pro bono expertise and Impetus investment team support, leads to the Impetus turbo-charging effect, multiplying charities social impact many fold. Impetus is able to more than double the value of every 1 it gives to investees, through co-investment and pro bono expertise.
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inspiring Scotland
Riverside House, 502 Gorgie Road Edinburgh EH11 3AF United Kingdom Contact Tel Email Website Andrew Muirhead +44 131 442 8760 enquiries@inspiringscotland.org.uk www.inspiringscotland.org.uk
OVERVIEW Mission Inspiring Scotlands aim is to change peoples lives for the better through significant long term funding and development support for Scotlands charities (ventures). It seeks to create sustained change and to achieve long lasting impacts for Scotlands most vulnerable people and communities through partnership and collaboration and by tackling tough social issues. Charity / non profit 2008 Edinburgh, United Kingdom
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP
Scotland Children, youth Type: Charity without trading, charity with trading, social enterprise Phase: Pilot or start-up, established but scaling up, mature In 2009, 7.13 million invested in ventures and 4.6 million additional income leveraged by ventures, both figures exclusive of the value of pro bono support. Fund size: 80.5 - 115 million approximately over 10 years 600,000 - 6.6 million per venture 5 -10 years, average of 8 years Grant
Funding available VP average investment size Average duration of the VP support Types of financing
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inspiring Scotland
INVESTMENT (continued) Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication IT Legal advice HR management Estate management Networks 14:19 Fund see case study p. 215
Inspiring Scotland is an innovative venture philanthropy organisation designed and developed in response to the needs of Scotlands charities (ventures), which is working with a range of investors, all driven by a desire for social change, including The Scottish Government, trusts and foundations, companies and high net worth individuals. The first fund, the 14:19 Fund, targets 14 to 19 year olds struggling to make a successful transition from school into education, training or employment - and the next stage of their lives. It was launched in January 2008 and, in October 2008 an initial portfolio of 24 ventures was announced. Inspiring Scotlands anticipated investment of 55 million is likely to leverage additional investment of 67 million from other sources. The 24 ventures will support 56,000 young Scots to take positive steps towards education, training or employment. Over the period of investment, the ventures will grow or replicate services and move towards financial sustainability. Inspiring Scotland is presently considering a range of social issues to develop future funds.
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invest for children

Edificio Zurich Via Augusta, 200, 1st floor 08021 Barcelona Spain Tel Email Website +34 93 240 57 55 info@investforchilren.org www.investforchildren.org
OVERVIEW Mission Understand diversity and working towards integration. Invest for children (i4c) is a non-profit international organisation whose mission is to help disabled children and young adults achieveabetter quality of life. Charity / non profit 1999 Barcelona
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Types of financing Non financial services Examples of investment
Europe, with special focus on Southern Europe Differently-abled people Type: Charity with trading Phase: Established but scaling up 720,000 2 million 35,000 Grant Fundraising or revenue strategy Marketing and communication Invest for children has given, for the fourth time, 5 saving plans to 5 workers with Down Syndrome. The plans are signed at Caja Navarra. Thus, this ambitious initiative benefits 20 workers now, investing a total of 720,000. See case study p. 216
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invest for children

ADDITIONAL INFORMATION Invest for children wants a society that integrates diversity. These are some ways Invest for children applies VP: y Increase social awareness by sending messages to promote integration through books, DVDs and press articles. y Help other foundations generate recurring revenues and achieve notoriety. y Provide support for employment integration initiatives. y Connect foundations and businesses to promote social integration. y Promote education as the cornerstone of a worthy future. y Encourage intellectually disabled people to learn, enjoy and benefit from sport. y Venture Capital Philanthropy, Private Capital, Public Benefit
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lGt Venture philanthropy

Glrnischstrasse 36 CH-8022 Zurich Switzerland Contact Tel Email Website Wolfgang Hafenmayer +41 44 250 8281 info@lgtvp.com www.lgt.com
OVERVIEW Mission The objective of LGT Venture Philanthropy is to raise the sustainable quality of life of less advantaged people especially those in the developing world. Foundation Fund 2007 Zurich, Switzerland
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus
Africa Asia Latin America Children Youth Education and research Environment Health Cleantech Nutrition Sustainable energies Infrastructures for social investments Water Resource management Type: Charity without trading, charity with trading, social enterprise Phase: Established but scaling up Size of dedicated VP fund: 10 million p.a. 200,000 - 1 million 3 - 8 years
Sector focus
Target organisations Funding available VP average investment size Average duration of the VP support
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INVESTMENT (continued) Types of financing Loan Subordinated loan Convertible loan Equity Grant Drawdown facility Strategy consulting Coaching, mentoring of the CEO or the management team Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication HR management Networks Bridge International Academies (BIA) - Kenya see case study p. 217
Examples of investment ADDITIONAL INFORMATION LGT Venture Philanthropy:
y Invests financial, social and intellectual capital in young, strongly growing organisations with innovative social and environmental solutions . y Advises people in structuring their philanthropic engagement through individual advisory and philanthropy workshops. y Inspires people for active philanthropy through various events and the House of Philanthropy Solutions (launching in Zurich in the summer of 2011).
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nESst Europe
Bajcsy-Zsilinszky u. 58. 1/6 Budapest 1054 Hungary Contact Tel Email Website Eva Varga, Enterprise Development Director +361 267 0231 nesst@nesst.org www.nesst.org
OVERVIEW Mission NESsT is an international non-profit organisation working to solve critical social problems in emerging market countries by developing and supporting social enterprises that strengthen civil society organisations financial sustainability and maximize their social impact. Charity / non profit 1997 (NESsT Venture Fund founded in 2001) Budapest, Hungary
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Funding available VP average investment size
Croatia, Czech Republic, Slovakia, Hungary, Romania Latin America No focus Type: Charity without trading, social enterprise Phase: Pilot or start-up, established but scaling up NESsT Venture Fund: 943,000 Early stage support: 1,300 Later stage support: 40,000 (over a 3-year period) Loan: 44,000 (new) 3 years with multiple rounds of financing of venture grants Loan Equity Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Operational management Fundraising or revenue strategy Financial management Marketing and communication HR management
Average duration of the VP support Types of financing
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nESst Europe
INVESTMENT (continued) Examples of investment Venture grants, venture planning grants, one-on-one capacity building/ mentoring, extensive pro-bono professional services from local Business Advisory Network, and leveraged funds from other local donors and business leaders through NESsT investors Circle, Social Enterprise Loan Fund, Equity Share. See case study p. 218
ADDITIONAL INFORMATION NESsT Europe is the European branch of NESsT International. NESsT is an international, non-profit organisation dedicated to finding solutions to critical social problems through the development of social enterprises mission-driven businesses that increase the financial sustainability and social change impact of civil society organisations. NESsT applies a venture capital/private equity approach to supporting social enterprises with financial capital and business mentoring. The NESsT Venture Fund for Central and Eastern Europe currently supports social enterprises in Croatia, the Czech Republic, Hungary, Romania, Slovakia, and is expanding to include other neighboring countries. Since its founding in 2001, the NESsT Venture Fund has reached over 2,600 social enterprises in Central Europe and Latin America with over US$4 million in financial and capacity support.
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noaber Foundation
Dorpsstraat 14, PO BO 20 6740 AA Lunteren The Netherlands Contact Tel Email Website Pieter Oostlander (director) + 31 318 59 64 00 poostlander@noaber.com www.noaber.com
OVERVIEW Mission The Noaber Foundation aims to initiate and support the acceleration of innovations in the civil society where noabership (neighbourship) is key. These innovations are related to health and care, education and community building. To reach their aims, they act as an entrepreneurial philanthropist. Foundation 2000 Lunteren, The Netherlands
Europe Africa Asia North America Culture and recreation Education and research Health Type: Charity without trading, charity with trading, social enterprise Phase: Pilot or start-up, established but scaling up 10,000 - 1 million for donation projects 100,000 - 3 million for social investments Donation projects: 1-5 years Social Investments: 5-10 years till e.g. exit Guarantee Senior loan Loan Subordinated loan Convertible loan Mezzanine finance Equity Convertible grant Grant Credit Facilities
Sector focus
Target organisations VP average investment size Average duration of the VP support Types of financing
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noaber Foundation
INVESTMENT (continued) Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Operational management Fundraising or revenue strategy Financial management Marketing and communication HR management Back on Track Type: Donation (potential social investment) Social Issue: Ex-prisoners often face unemployment and disturbed relations after detention. As a result of that, statistics learn that 66% re-offends within 4 years. Solution: Certified training programs and mediation leading to employment and integration with the involvement of volunteers. Look and Learn Type: Social investment Social issue: Lack of reading abilities cause delay and/or stagnation in the educational career and social life of children (isolation and continuation of dependency). Solution: Computer-based tool (school and home-edition) and teacher training sessions. Mentalshare see case study p. 219
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oltre Venture
Corso Vercelli, 11 20144 Milan Italy Contact Tel Email Website Luciano Balbo +39 0245496412 luciano.balbo@oltreventure.com info@oltreventure.com www.oltreventure.com
OVERVIEW Mission Oltre Venture is the first Italian Social Venture Capital Company, an innovative financial tool aimed at supporting social enterprises. The company supports the growth of enterprises which are able to match social value and economic sustainability. Such enterprises appeal to the grey area of invisible hardship and to the fragile social-economic problems such as housing discomfort, unemployment, solitude and marginalization. Fund Fondazione Oltre: 2002 Oltre Venture, social venture capital fund: 2006 Milan, Italy
Italy Development and housing Health Microfinance Type: Social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup 2.5 million Fund size: 8 million 480,000 5-7 years Equity Shareholders loan Strategy consulting Coaching, mentoring of the CEO or the management team Governance Fundraising or revenue strategy Financial management Marketing and communication continued on next page
Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Non financial services
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oltre Venture
INVESTMENT (continued) Examples of investment Medical Center Santagostino Milan, Italy Its a start-up, opening in autumn 2008. The initiative will provide basic specialised healthcare services prevalently in areas where the National Health Service is largely absent as dental surgeries and psychological services. It will experiment an innovative model integrated with the public sector and offering a strong relational support. The centre aims at supplying high-quality medical and social-relational services at reasonable prices to respond to the healthcare demand of an increasing number of people, who are not living in extremely depressed conditions, but find it difficult to access both the National Health Services, as they are insufficient, and the private sectors prices as they are unaffordable. See additional case study p. 220
ADDITIONAL INFORMATION Oltre Venture also manages Fondazione Oltre, a small foundation that works as an incubator of social enterprises giving small grants and capacity building support to incubate the start-up of interesting projects with leading social entrepreneurs.
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the one Foundation

35 Barrow Street Dublin 4 Ireland Contact Tel Email Website Deirdre Mortell +353 1 8088800 info@onefoundation.ie www.onefoundation.ie
OVERVIEW Mission Improve the life chances of disadvantaged children and young people. One Foundation invests in mental health, integration of minorities and social entrepreneurship. Charity / non profit 2004 Dublin, Ireland
Ireland Asia Advocacy Children, youth Culture and recreation Education and research Type: Charity without trading Phase: Pilot or start-up, established but scaling-up, mature 10 million 1.2 million More than 3 years Grant Strategy consulting Coaching, mentoring of the management team Governance Operational management Fundraising or revenue strategy Financial management Headstrong see case study p. 221
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phitrust
41 rue Boissy dAnglas 75008, Paris France Contact Tel Email Website Florence Goudchaux, Martina von Richter +33 1 55 35 07 55 florence.goudchaux@phitrust.com, martina.vonrichter@phitrust.com www.phitrustpartenaires.com
OVERVIEW Mission PhiTrust is dedicated to funding and mentoring companies in the fields of social business through its foundation and social investment funds. Phitrust focuses its investments both at a European level as well as a worldwide level. Charity / non profit Foundation Fund 2004 Paris, France
Year of origin Headquarters location INVESTMENT Geographical focus Sector focus
Worldwide Development and housing Environment Health Cleantech Microfinance Employment Type: Charity without trading, charity with trading, social enterprise, VP fund Phase: Established but scaling up, mature 1.5 million Size of fund 1 (PhiTrust Partenaires): 7 million Size of fund 2 (ISF Solidaire): 1 million The funds for the Fonds de Dotation (French endowment fund) are currently being raised.
Annual expenditure on VP Funding available
VP average investment size Average duration of the VP support
100,000 - 500,000 5 years
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phitrust
INVESTMENT (continued) Types of financing Loan Convertible loan Equity Convertible grant Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Legal advice Networks France y Alter Eco: Production and distribution of faire trade products y Ecodair: Job access for the psychologically handicapped through reconditioning of IT equipment y La Varappe: Social reintegration through employment (see case study p.XXX) Belgium y Ethical Property Europe: Green business centres aimed at not for profit organisations Germany y Dialogue Social Enterprise: Job access for the handicapped through progressive integration Italy y Permicro: Microcredit to unbanked families and individuals in Italy Africae y Cameroun Breuvages: Production and distribution of safe and affordable drinking water y Laiterie du Berger: Dairy production in Senegal See case study p. 222
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Social Venture Fund

Social Venture Management GmbH Sendlinger Strasse 7 80331 Mnchen Germany Contact Tel Email Website Johannes Weber +49(0)69-609184-15 (Frankfurt Office) jw@socialventurefund.com www.socialventurefund.com
OVERVIEW Mission The Social Venture Fund invests in Social Businesses, which have innovative and entrepreneurial driven solutions for urgent social and environmental challenges. The Fund provides support when it is not possible to acquire traditional sources of capital. Therefore the Social Venture Fund closes a financing gap and acts as a catalyst for the comprehensive distribution of creative ideas and solutions for the better. The Social Venture Funds goal: preserve and recycle invested capital for future investments. Social enterprise 2010 Munich, Germany
Europe No focus Type: Social enterprise Phase: Established but scaling up Fund size: approx. 5 million 500,000 - 1,500,000 5-6 years Senior loan Loan Subordinated loan Convertible loan Mezzanine finance Equity
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Social Venture Fund

INVESTMENT (continued) Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Change management Operational management Financial management Marketing and communication Legal advice HR management Networks
ADDITIONAL INFORMATION For investors, the Social Venture Fund is a unique way to enable and participate in successful, as well as sustainable social change, by investing into carefully selected companies. The Social Venture Fund is supported by the global Ashoka Social Financial Services Initiative. To use the funds capital for the most effective social impact, the Social Venture Fund focuses on financing the growth and expansion of already proven and successful Social Businesses.
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Start Foundation
Klokgebouw 188 5617 AB Eindhoven The Netherlands Contact Tel Email Website Jos Verhoeven +31(0)40-2461850 jos.verhoeven@startfoundation.nl www.startfoundation.nl
OVERVIEW Mission Start Foundation aims for a labour-market that welcomes everybody. Start Foundation supports those initiatives that focus on disadvantaged people who have no or limited access to the labour market. The support consists of financial resources and supply of contacts and expertise. Foundation, Fund 1999 Eindhoven, The Netherlands
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations
The Netherlands Development and housing Labour market Type: Charity without trading, charity with trading, social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up, mature 3.5 million Undisclosed 50,000 - 100,000 3 years Guarantee Loan Subordinated loan Convertible grant Grant Strategy consulting Coaching, mentoring of the CEO or the management team Fundraising or revenue strategy Financial management Marketing and communication HR management
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Start Foundation
INVESTMENT (continued) Examples of investment www.deverbindingbv.nl www.validexpress.nl www.ctaste.nl www.deprael.nl www.koersvast-heroes.nl
ADDITIONAL INFORMATION See Start Foundation website: www.startfoundation.nl (also in English)
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Stiftung charit
Charitplatz 1 10117 Berlin Germany Contact Tel Email Website Katharina Bergel +49 (0) 30 450570 - 508 bergel@stiftung-charite.de www.stiftung-charite.de
OVERVIEW Mission Stiftung Charit is a private non-profit foundation endowed by German entrepreneur Johanna Quandt. Its mission is to identify, enable and invest in change makers and knowledge entrepreneurs in the biomedical sciences - primarily at Charit - Universittsmedizin Berlin, the largest medical university in Europe. Charity / non profit 2005 Berlin, Germany
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Types of financing Non financial services
Europe (Germany and wider Europe) North America Health Biomedicine, Medical Technology Type: Charity without trading, separate venture fund Phase: Pilot or start-up 1 million For profit VC fund: 24 million Foundation: 25 million (all) 200,000 Subordinated loan Strategy consulting Coaching, mentoring of the CEO or the management team Governance Fundraising or revenue strategy HR management See case study p. 223
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Stiftung charit
ADDITIONAL INFORMATION Stiftung Charits efforts are aimed at re-inventing the venture philanthropy model to support entrepreneurship in and around the life sciences in Germany, especially at Charit Universittsmedizin Berlin. As a non-profit foundation, Stiftung Charit selects and supports knowledge entrepreneurs in academic medicine change makers among medical doctors, researchers and health care managers. It provides milestone-driven grants, coaching and conceptual support as well as political and sometimes operational assistance. Stiftung Charits medium-term goal is to develop a comprehensive medical innovation system in Berlin.
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Venture partnership Foundation

105 Wigmore Street London, W1U 1QY United Kingdom Contact Tel Email Website Mike Risman, Siobhan Hardwicke +44 (0) 207 518 2825 info@vpf.org.uk www.vpf.org.uk
OVERVIEW Mission A grant-making foundation dedicated to supporting social entrepreneurs and the dynamic charities that they run. The foundation provides social entrepreneurs with a package of support, including flexible financial help. Foundation 2005 London, United Kingdom
United Kingdom Africa Asia Latin America Children, youth Health Type: Charity without trading, charity with trading, social enterprise Phase: Established but scaling up 250,000 Undisclosed 30,000 3 5 years Loan Grant
Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing
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INVESTMENT (continued) Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication IT Legal advice Networks Riders for Health, Kids Company, Basic Needs, Training for Life see case study p. 224
ADDITIONAL INFORMATION The Venture Partnership Foundation is a charitable foundation dedicated to supporting social entrepreneurs. VPF aims to create positive change in the lives of the most vulnerable by investing long-term unrestricted funds and pro-bono resources in high impact, entrepreneurial social ventures working across the world. With a unique membership model, it aspires to influence the culture of giving by unleashing the creative power of volunteering and networks to be a force for good.
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Voxtra
Haakon VIIs gate 1; P.O.Box 1585 Vika N-0118 Oslo Norway Contact Tel Email Website Pl Dale (Managing Director) +47 9756 8485 pd@voxtra.org www.voxtra.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Africa Asia Livelihoods, income generation, agriculture Type: Charity without trading, charity with trading, social enterprise Phase: Established but scaling up, mature 1.2 million Size of dedicated VP fund: 9 million 1.75 million 4 years Senior loan* Loan* Subordinated loan* Convertible loan* Mezzanine finance* Equity* Convertible grant* Grant *not used yet, but are actively exploring Coaching, mentoring of the CEO or the management team Governance Change management Operational management Main VP activity, as Voxtra defines it, is a meticulous follow-up of the investees progress on carefully defined key performance indicators, and the operational discussions that result from that. continued on next page Empower people at the base of the pyramid to lift themselves out of poverty. Foundation 2008 Oslo, Norway
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Voxtra
INVESTMENT (continued) Examples of investment ADDITIONAL INFORMATION Voxtra applies business-like investment discipline in identifying, assessing and monitoring social enterprises and development programs. To date, the foundation has screened more than 200 projects and organisations, and invested in four, with an average amount of 1.75 million. Its geographic focus is India and East Africa. Its main sector focus is agriculture and livelihoods/income generation. Voxtra analyzes the expected socio-economic value creation of its investments ex ante, and reports on it ex post. The reporting is audited by KPMG through a pro bono partnership. International Development Enterprises, India see case study p. 225
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Wood Family trust

John Wood House Greenwell Road Aberdeen AB11 7TF United Kingdom Contact Tel Email Website Jo Mackie +44 1224 373176 jo.mackie@woodgroup.com www.woodfamilytrust.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Scotland Africa Children, youth Development and housing Private sector 1.6 million Size of dedicated VP fund: 60 million 50,000 1 million 2-6 years Guarantee Loan Equity Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication Networks Develop and support individuals to become independent, contributing and caring members of society. Foundation 2007 Scotland, United Kingdom
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Wood Family trust

ADDITIONAL INFORMATION The Wood Family Trust (WFT) was established by Sir Ian Wood and his immediate family and officially launched on the 14 September 2007 and is a Scottish-based Trust with a global outlook. WFT will aim to invest 50 million into economic, community and enterprise activities in East Africa and Scotland over the next 510 years with the aim to develop and support individuals to become independent, contributing and caring members of society.
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ASSOCIATE MEMBERS
3i Group plc
16 Palace Street London SW1E5JD United Kingdom Contact Tel Email Website Patrick Dunne +44 20 7928 3131 patrick.dunne@3i.com www.3i.com
OVERVIEW Mission 3is vision is to be recognised as a leading international investor based on the value it adds to its portfolio; the returns it delivers to investors and its responsible approach and style of investing. Company 1945 London, United Kindom International investor
Type of organisation Year of origin Headquarters location Activities INVOLVEMENT IN VP
3i applies venture philanthropy principles to the social enterprises that it works with, and a number of its staff are board members of charitable organisations, where VP principles are applied. ADDITIONAL INFORMATION 3i is an international investor focused on buyouts, growth capital and infrastructure, investing in Europe, Asia and North America. As of 31 March 2010, 3i had assets under management of 10 billion. With a pioneering heritage over sixty years, 3i was delighted to be one of the founding sponsors of EVPA. As a FTSE100 company since 1994, 3i has a well developed approach to corporate responsibility.
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aBn aMro private Banking

Gustav Mahlerlaan 10 (HQ1036) 1082 PP Amsterdam The Netherlands Contact Tel Email Website Eric Buckens, Head Private Wealth Management Products & Solutions +32 20 383 7166 eric.buckens@nl.abnamro.com www.abnamroprivatebanking.com
OVERVIEW Mission ABN AMRO Private Banking is the international wealth-management division of ABN AMRO Bank with 150 billion* of total assets under management, offering more than 120,000 high-net-worth individuals a full range of banking, investment management, financial and estate planning products and solutions. *Annual reports of ABN AMRO Bank and Fortis Bank Nederland for 2009 Company 1720 Amsterdam, The Netherlands Banking, investment management, financial and estate planning products and solutions
Type of organisation Year of origin Headquarters location Activities
INVOLVEMENT IN VP Supporter of the EVPA annual conference in Amsterdam as well as organisation of joint seminar with ABN AMRO Private Wealth Management in 2009. ADDITIONAL INFORMATION ABN AMRO Private Bankings domestic and international offices in 13 markets worldwide employ over 4,000 professionals and include the respected private banks ABN AMRO MeesPierson in the Netherlands, Delbrueck Bethmann Maffei in Germany and Neuflize OBC in France. ABN AMRO Private Banking ranks amongst the top 10 private banks in Europe and enjoys a strong position in Asia.
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actis
2 More London Riverside London SE1 2JT United Kingdom Contact Tel Website Tanya Lobel +44 20 7234 5000 www.act.is
OVERVIEW Mission Type of organisation Headquarters location Activities INVOLVEMENT IN VP Actis is committed to promoting the sustainable growth of the private sector in emerging markets. Its aim is to ensure that the capital it raises and manages makes a lasting, tangible and positive difference in the countries in which it operates. Actiss focus on responsible investment not only aims to create long-term value for investee companies and investors, but simultaneously helps make a positive contribution to society. ADDITIONAL INFORMATION Actis has specialist teams dedicated to private equity, infrastructure and real estate with a track record built on growth capital and leadership investing across its markets. Actis has more than 100 investment professionals in nine offices worldwide who currently manage funds of US$4.8bn on behalf of more than 100 institutional investors. Actis closed its latest global pan-emerging markets private equity fund, Actis Emerging Markets 3, at US$2.9bn in November 2008. Actis uses sector expertise, global perspective and local insight to help portfolio companies develop into world-class businesses. Actis is a leading investor in emerging markets, investing exclusively in emerging Asia, Africa and Latin America for more than 60 years. Company London, United Kingdom Private Equity
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alphaMundi Group limited

Augustinergasse 21 CH-8001 Zurich Switzerland Tel Email Website +41 44 5080 556 tim.radjy@alphamundi.ch www.alphamundi.ch
alphamundi
OVERVIEW Mission Help achieve significant and self-sustaining poverty reduction and environmental preservation in developing countries through Impact Investing Solutions and Consulting. Company 2007 Zurich, Switzerland
Type of organisation Year of origin Headquarters location SERVICES Types of services Target audience
Investment strategy Strategy consulting Donors Foundation Social Purpose Organisations Government Impact Investors Developing countries Education and research Microfinance Sustainable Agriculture Renewable Energy
Geographical focus Sector focus
ADDITIONAL INFORMATION The AlphaMundi Group Ltd was formally established by 10 business partners in 2007 as a commercial venture with a social mission, and is headquartered in Zurich, Switzerland. The Group achieves its mission by designing social investment products across various asset classes in order to help mobilise a greater share of the capital markets in favor of sustainable development and responsible investments. The Group also provides strategic advisory services to selected NGOs and social investors in order to enhance their use of civil societys resources, on topics such as value-chain giving, replication and scaling processes, and endowment management
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appui au Dveloppement autonome (aDa)

2, rue Sainte Zithe L-2763 Luxembourg Contact Tel Email Website Axel de Ville, Marion Bur +352 45 68 68 1 axel.ada@microfinance.lu marion.ada@microfinance.lu www.microfinance.lu
OVERVIEW Mission Appui au Dveloppement Autonome (ADA) acts with partners to increase access to inclusive financial services (bank accounts, loans, saving schemes or money transfers) for millions of people worldwide, for whom traditional bank services are inaccessible. Charity / non profit 1994 Luxembourg Financial and non financial support to microfinance institutions
ADA, expert in microfinance, has for over 15 years been initiating innovative concepts that have been successfully tried out and developed through microfinance institutions in the South. ADAs activities focus on the following four areas: y Research and development of innovative financial services for the poor y Capacity building of microfinance institutions y Knowledge management and awareness raising y Partnerships and networking ADA is supporting the 2010 EVPA Annual Conference through the European Impact Financing Luxembourg. ADDITIONAL INFORMATION ADA is coordinator of the secretariat of the Microinsurance Network, the African Microfinance Transparency Forum and the Rating Initiative Program, advisor of the Luxembourg Microfinance and Development Fund (LMDF) and a partner of Etika, Luxflag, and the European Microfinance Platform (e-MFP). ADA is a non-profit organisation under the High Patronage of H.R.H. the Grand Duchess of Luxembourg.
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arendt & Medernach

14 rue Erasme L 2082 Luxembourg Contact Tel Email Website Gilles Dusemo, Katia Gauzs +352 40 78 78 302 gilles.dusemon@arendt.com katia.gauzes@arendt.com www.arendt.com
OVERVIEW Presentation Arendt & Medernach is a leading, independent, full-service law firm. The firms international team of more than 270 legal professionals provides services to clients from offices in Luxembourg, Brussels, Dubai, Hong Kong, London and New York. Arendt & Medernachs philosophy is expressed through its five values: vision, commitment, people, independence and energy. It strives for excellence in order to achieve the best results for its clients and always looks for creative solutions. Arendt & Medernachs expertise extends to specialist practice areas to offer its clients a complete range of services tailored to their individual needs across all areas of finance and commercial law. In order to provide its clients with unparalleled legal advice, Arendt & Medernach has developed specific expertise in five key industry groups within the firm: Investment Management, Banking & Insurance, Private Equity, Real Estate, Multinational Companies and Public Sector. These industry groups have a deep understanding of their clients businesses from a commercial, economic and legal point of view. Partnership 1988 Luxembourg Administrative Law, Property and Construction, Bank Lending, Structured Finance, Banking and Financial Services, Capital Markets Corporate and Tax Compliance Services, Corporate Law, M&A Dispute Resolution, Employment Law, Pensions, Benefits EU & Competition Law, Insurance and Reinsurance Law, IP, Commercial, Communication and Technology, Private Wealth, Regulated Investment Funds, Tax Law
INVOLVEMENT IN VP Arendt & Medernach supports the EVPA 2010 Annual Conference.
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argos Soditic
14 rue de Bassano 75783 Paris Cedex 16 France Tel Email Website +33 1 53 67 20 50 contact@argos-soditic.com www.argos-soditic.com
OVERVIEW Presentation Argos Soditic is an independent European private equity partnership with offices in Paris, Geneva and Milan, which focuses on investing in small to medium-sized companies in continental Europe, particularly in France, Italy and Switzerland. Its current funds (Euroknights IV and Argos Soditic V) represent an aggregate committed capital of 420 million. Partnership 1990 Paris, France Private Equity
Argos partners are providing help and advice to Image et Avenir (an association promoting access to culture in prisons) in its development and Medecins Sans Frontire in the management of its nonlisted assets. ADDITIONAL INFORMATION During its 20 years of existence, Argos Soditic has backed over 40 transactions with companies representing combined revenues in excess of 3 billion, more than half of which have been realised through flotation or trade sale. Funds advised by Argos Soditic seek majority equity positions ranging from 10 million to 30 million. Its approach places great importance on entrepreneurship and long-term partnership with managers, based on mutual trust. Argos Soditic prizes flexibility and reactivity and has total independence in investment decisions (upon consensus of the partners).
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aScri
Prncipe de Vergara, 55- 4 D 28006 Madrid Spain Contact Tel Email Website Dominique Barthel, General Director +34 91 411 96 17 dominique@ascri.org www.ascri.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location Activities INVOLVEMENT IN VP ASCRIs main purpose as an EVPA member is to help promote venture philanthropy in Spain and disseminate among all ASCRI members this model of social development. ADDITIONAL INFORMATION ASCRI is a non profit entity which represents the Private Equity & Venture Capital Sector in Spain and currently has more than 150 members. Its main objectives are to lobby the government, represent and defend the professional interests of its partners, organise conferences, workshops and meetings related to the private equity and venture capital industry, as well as compile and publish reports and surveys. ASCRI joined EVCA (European Venture Capital & Private Equity Association) in 1986. Represent and promote the Private Equity & Venture Capital industry in Spain. Charity / non profit 1986 Madrid, Spain Private Equity and Venture Capital Association in Spain
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the ashden trust

Allington House (1st Floor) 150 Victoria Street London SW1E 5AE United Kingdom Tel Email Website +44 20 7410 0330 ashdentrust@sfct.org.uk www.ashdentrust.org.uk
OVERVIEW Mission The Ashden Trust is a grant making charity focusing on climate change, sustainable development and improving the quality of life in poorer communities. Foundation 1989 London, United Kingdom
Type of organisation Year of origin Headquarters location INVESTMENT Sector focus VP average investment size Types of financing
Development and housing Environment 1,100 - 23,000 Loan Equity Grant
ADDITIONAL INFORMATION The Ashden Trust has a social investment fund, which supports charitable activities through loans (at rates equivalent to commercial and low-interest loans) and in some cases, takes an equity stake in organisations which meet the trusts charitable objectives. The Trust also funds The Ashden Awards for Sustainable Energy which reward and promote excellent local sustainable energy solutions in the UK and the developing world.
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Banque de luxembourg
14, Boulevard Royal L 2449 Luxembourg Contact Tel Email Website Philippe Depoorter +352 49 924 -3319 philippe.depoorter@bdl.lu www.banquedeluxembourg.lu www.philanthropie.lu
OVERVIEW Mission Firmly rooted in Luxembourg, Banque de Luxembourgs original approach to its profession sets it apart. Banque de Luxembourgs aim is to support each client at every stage of their lives and help them bring their projects to fruition. The solid long-standing relationships with its clients are built on a set of key values that stress personal contact, attentiveness to clients needs, trust and discretion. Company 1920 Luxembourg Private Banking and Investment Funds
Since 2008, Banque de Luxembourg has been a pioneer in promoting the development of philanthropy in Luxembourg. Currently, the bank develops its philanthropic activities in the following three areas: y Philanthropic advice for individual clients y Asset Management for Foundations y Engineering of Impact Financing vehicles ADDITIONAL INFORMATION Banque de Luxembourg took the initiative to co-organize and to co-support the 6th Annual EVPA Conference taking place in Luxembourg on November 16 and 17, 2010.
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Banque Degroof
Rue de LIndustrie 44 1040 Brussels Belgium Contact Tel Email Website Marc Flammang, Pierre Paul de Schrevel +32 2 287 91 11 mrf@degroof.be www.degroof.be
OVERVIEW Mission Type of organisation Year of origin Headquarters location Activities INVOLVEMENT IN VP Encourage clients & friends to be involved in and guide them towards Social Entrepreneurship (including Venture Philanthropy). Wealth Manager , Investment Bank Company 1871 Brussels Wealth Management, M&A, Bank, Philanthropy Advisor
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Barclays private Equity

Condor House St Pauls Churchyard London EC4M 8AL United Kingdom Tel Email Website +44 207 653 5306 christiian.marriott@bpe.com www.bpe.com
OVERVIEW Presentation Barclays Private Equity (BPE) is one of Europes leading mid-market private equity investors. It invests as a strategic partner alongside management teams, working together to build and realise shareholder value. It has a strong focus on change of ownership deals and a core focus on businesses with an enterprise value of between 25m and 250m. Company 1982 London, United Kingdom Mid-market Private Equity investor.
BPE is a founder sponsor of the European Venture Philanthropy Association and, through its association with Barclays Capital, works with Impetus Trust in the UK to provide pro bono associate support to portfolio charities. ADDITIONAL INFORMATION Barclays Private Equitys buy-out business has a team of 40 investment professionals in seven offices across five countries. It has a track record spanning over 25 years and has invested in over 350 businesses.
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Bertelsmann Stiftung
Carl-Bertelsmann-Strae 256 D-33311 Gtersloh Germany Tel Email Website +49 5241.810 info@bertelsmann-stiftung.de www.bertelsmann-stiftung.de
OVERVIEW Mission In keeping with the long-standing commitment of its founder, Reinhard Mohn, the Bertelsmann Stiftung is dedicated to promoting the public good. The Bertelsmann Stiftung is an operating foundation. Foundation 1977 Gtersloh, Germany
Europe Education and research Health Economic and social affairs International relations
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BMW Stiftung herbert Quandt

Reinhardtstrae 58 10117 Berlin Germany Tel Email Website +49-30-33693500, +40-89-38211630 info@bmw-stiftung.de www.bmw-stiftung.de
OVERVIEW Mission Support leaders who, in their professional and personal lives, take into consideration the greater common good and who are committed to developing a lively civil society in cooperation with others. Deal with questions of globalisation and thus contribute to an international dialogue on sociopolitical issues. Use scholarly expertise and promote interdisciplinary and cross-sectoral approaches. Provide guidance by making visible successful socio-political commitment and promoting the dissemination and development of innovative pilot projects. Foundation 1970 Berlin, Germany
Europe Asia Children, youth Education and research Environment Type: selected organisations with a social purpose Phase: no focus Grants Networks Consulting
Target organisations Types of financing Non financial services
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Bnp paribas Wealth Management

33, rue du Quatre-Septembre 75002 Paris France Tel Email Website +33 1 55 77 74 94 See additional information www.privatebank.bnpparibas.com
OVERVIEW Presentation Type of organisation Year of origin Headquarters location Activities INVOLVEMENT IN VP In the early 1980s, the bank led the way in corporate giving with the corporate Fondation BNP Paribas supporting cultural heritage, promoting solidarity and encouraging medical research. Besides, BNP Paribas has been involved in micro-loans and expanding its support for international microfinance for 15 years. BNP Paribas Wealth Management is the Eurozones leading Private Bank, which has been assisting its wealthy clients in financial management and asset planning matters for over a century. In order to answer its clients needs, BNP Paribas Wealth Management has set up a unique Alternative Investments Offering, providing advice, among other high-values services, on Philanthropy and Sustainable and Responsible investments (SRI). The Fondation de lOrangerie for individual philanthropy was established by BNP Paribas Wealth Management to collect donations from its clients and allocate them in the most efficient manner to transparent and original projects rigorously selected. This grant-making foundation uses the following VP practices: high-engagement, multi-year support and performance measurement. Advisory services are available to help clients develop and implement green-field philanthropy projects and cover the 4 following stages: strategy, structuring, implementation and evaluation. Some of the clients accompanied wish to adopt VP practices for their project. ADDITIONAL INFORMATION Email addresses: Alternative investments Philanthropy SRI thibault.couturier@bnpparibas.com nathalie.sauvanet@bnpparibas.com bertrand.gacon@bnpparibas.com BNP Paribas Wealth Management is part of the banking group BNP Paribas, which is strongly committed to sustainable development. Company 2008 (philanthropy), 2006 (SRI) Paris, France Wealth Management, Philanthropy and SRI
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Bridges Social Entrepreneurs Fund

1 Craven Hill London W2 3EN United Kingdom Contact Tel Email Website Antony Ross +44 (0)20 7262 5566 info@bridgesventures.com www.bridgesventures.com
OVERVIEW Mission Bridges Ventures is a sustainable growth investor established in 2002 with a mission to use its commercial expertise to achieve focused social or environmental benefit, as well as attractive returns for investors. Bridges Ventures has raised four funds to date: Venture Funds I & II, the Bridges Sustainable Property Fund and the Bridges Social Entrepreneurs Fund. The Bridges Social Entrepreneurs Fund is an impact first fund that invests in scalable social enterprises delivering high social impacts and operating sustainable business models. Fund Bridges Ventures: 2002 The Bridges Social Entrepreneurs Fund: 2009 London, United Kingdom
United Kingdom Children, youth Development and housing Education and research Environment Health Social services Training Care Well-being Type: Social enterprise Phase: Pilot or start-up, established but scaling up, mature 1.6 million Fund size: 10.8 million 600,000 - 1.8 million Unspecified
Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support
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Bridges Social Entrepreneurs Fund

Types of financing
Subordinated loan Convertible loan Mezzanine finance Equity Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication HR management Networks
ADDITIONAL INFORMATION The Bridges Social Entrepreneurs Fund aims to address the funding gap often faced by fast growing social enterprises looking to scale. Seeded by the Bridges Charitable Trust in 2008, the fund was launched in August 2009 andhas so far raised 9m for investment in scalable social enterprises delivering high social impacts and operating sustainable business models. Investments may be in charities or companies limited by guarantee as well as private limited companies, and will typically take the form of equity or equity-like capital, whereby returns are linked to the performance of the business.For further information please visit http://www.bridgesventures.com/social-entrepreneursfund.
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Business angels des cits (Bac) partenaires Gestion

17, avenue Gourgaud 75007 Paris France Contact Tel Website b.desaintpierre@scr-bac.fr +33 1 42 27 47 70 www.scr-bac.fr
OVERVIEW Mission Business Angels des Cits (BAC) is a private venture capital fund with a social mission. It invests in companies created by entrepreneurs coming from the deprived areas of France or in companies creating employment in these areas. It aims to achieve financial returns for its investors as well as a social purpose: demonstrating that enterprise can be a success model for these young people. Fund 2008 Paris, France
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Non financial services
France Deprived areas Phase: Established but scaling up 500,000 Size of fund 1: 5 million Size of fund 2: 10 million 200,000 5 - 7 years Equity Strategy consulting Coaching, mentoring of the CEO or the management team Governance
ADDITIONAL INFORMATION BACs investment criteria are: early-stage and development capital; 30,000 to 300,000; financial criteria: quality of the entrepreneurs, clear business model, potential of attractive return; non-financial criteria: social impact in the deprived areas. Its investors are private equity and CAC40 companies CEOs. It has raised a first fund of 5million and is currently raising a second one of 15 million.
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cDFSn Srlandets Kompetansefond

(The Competence Development Fund of Southern Norway) Postboks 183 4662 Kristiansand Norway Tel Email Website +47 38 05 64 20 post@kompetansefond.com www.kompetansefond.com
OVERVIEW Mission The foundations articles of association stipulate that CDFSN shall serve the inhabitants of Vest-Agder in the long term by helping to raise the level of competence in the county in order to secure and create jobs and good living conditions. Foundation 2000 Kristiansand, Norway
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Non financial services
Norway Education and research 3million Size of endowment: 100million 80,000 2 years Grant Strategy consulting Governance Networks
ADDITIONAL INFORMATION The Competence Development Fund of Southern Norway (CDFSN) is organised as a public foundation and was created by the fifteen local authorities in the county of Vest-Agder from funds raised from a donation of shares in power company Agder Energi AS. Competence here means the ability to establish and utilise knowledge for practical purposes. Support may be granted to public or private research/educational institutions, local authorities, and to public and private enterprises. Institutions that receive grants are required to develop knowledge at university level. Funding is not granted to individuals.
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center for Entrepreneurial and Financial Studies (cEFS)

TUM Business School Technische Universitt Mnchen (TUM) Arcisstrasse 21, 80333 Munich Germany Tel Email Website +49 89 289 25462 contact@cefs.de www.cefs.de
OVERVIEW Mission Parent institution VP-related research centre, relevant Chairs Year of origin Headquarters location VP-RELATED ACTIVITIES Research Centres and Chairs Other Center for Entrepreneurial and Financial Studies Research on entrepreneurship and finance in collaboration with selected industry partners, including leading investment and consulting companies, venture philanthropy funds and financial intermediaries. Provide state-of-the-art research in the fields of entrepreneurship and finance. Technische Universitt Mnchen Center for Entrepreneurial and Financial Studies (joint institute of the KfW Endowed Chair in Entrepreneurial Finance and the Department of Financial Management and Capital Markets) 2003 Munich, Germany
ADDITIONAL INFORMATION As part of the business faculty at Technische Universitt Mnchen (TUM), the Center for Entrepreneurial and Financial Studies (CEFS) aims to provide state-of-the-art research in the fields of entrepreneurship and finance. Within these fields, venture philanthropy and other financial aspects of social entrepreneurship are a research focus of the CEFS. The CEFS is one of the few European research institutions covering venture philanthropy and social entrepreneurship.
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centre for Social investment (cSi)

University of Heidelberg Adenauerplatz 1 69115 Heidelberg Germany Tel Email Website +49-6221-54119-50 csi@csi.uni-heidelberg.de www.csi.uni-heidelberg.de
OVERVIEW Mission Through research, teaching, policy analysis, and advisory services, the Heidelberg Centre for Social Investment (CSI) seeks to add to the knowledge and understanding of private action for public benefit. In particular, the CSI is interested in the types, roles, and contributions of social investment, philanthropy, civil society and social economy institutions in Europe and other parts of the world. University of Heidelberg Centre for Social Investment 2006 Heidelberg, Germany
Parent institution VP-related research centre, relevant Chairs Year of origin Headquarters location VP-RELATED ACTIVITIES Research Centres and Chairs Teaching Other
Centre for Social Investment Teaching programme in social investment Advisory services for non-profit, for-profit and governmental sectors. Services include social investment strategy development, measurement of social returns on investment, and executive education for non-profit leaders.
ADDITIONAL INFORMATION The Centres mission is realised through four major objectives that guide its activities, and against which it will chart its progress and accomplishments over time. These objectives are to: y improve the theoretical and practical understanding of social investment, philanthropy, civil society, and social economy institutions; y inform policy-making relating to social investment and relevant institutions at local, regional, national and international levels; y build managerial and governance capacity in the field of social investment, and foster leadership and organisational effectiveness; y monitor major developments affecting social investment in relation to markets and government institutions generally, and with reference to philanthropy and civil society institutions in particular.
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charity rating
Linngatan 9-11 SE-114 47 Stockholm Sweden Contact Tel Email Website Mikael Ahlstrm + 46 8 506 143 00 mikael.ahlstrom@gmail.com www.charityrating.org
OVERVIEW Mission Type of organisation Year of origin Headquarters location SERVICES Types of services Performance measurement Strategy consulting Research Donors Foundation Funds Social Purpose Organisations Europe No focus Mikael Ahlstrm founded Charity Rating, is a Swedish non-profit organisation devoted to analyzing charity efficiency and effectiveness. Social enterprise 2005 Stockholm, Sweden
Target audience
Geographical focus Sector focus ADDITIONAL INFORMATION
Charity Rating offers advice to individuals and organisations that have an interest in supporting the non-profit sector. As an initial step, information on activities, conditions, objectives and results are offered for the top 100 Swedish charities via the website www.charityrating.org. In addition, Charity Rating arranges a yearly conference related to philanthropic topics held in Stockholm in early December. Besides Charity Rating, Mr. Ahlstrm has founded the charity foundation Stiftelsen Chelha which supports charitable causes related to children and education. See web page: www.chelha.se. Mr. Ahlstrm is also the founding partner of the private equity firm Procuritas.
112
citizen capital
16 rue Martel 75010 Paris France Tel Email Website +33 01 76 74 77 20 contact@citizencapital.fr www.citizencapital.fr
OVERVIEW Mission Citizen Capital is a social venture fund financing small companies with limited access to equity and networks due to their location in deprived areas or due to entrepreneurs profile. Social Venture fund 2008 Paris, France
France No focus Type: Companies in underinvested areas or communities. Phase: Established but scaling up, mature Fund size: 15.5 million 1 million - 1.5 million 5 years Convertible loan Mezzanine finance Equity Strategy consulting Coaching, mentoring of the CEO or the management team Governance Fundraising or revenue strategy Marketing and communication Networks SRI support
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coller capital
33 Cavendish Square London W1G OTT United Kingdom Contact Tel Website Jeremy Coller +44 207 631 8500 www.collercapital.com
OVERVIEW Mission Type of organisation Year of origin Headquarters location Activities Coller Capital is the leading global investor in private equity secondaries with approximately $8 billion under management. Company 1990 London, United Kingdom Private equity secondaries
ADDITIONAL INFORMATION Coller Capital provides liquidity to investors wishing to exit early from their private equity investments which may be either Limited Partner positions in private equity funds or portfolios of direct investments in private companies (typically owned by financial institutions or corporations). Its investments vary widely in size from single LP positions in small private equity funds, to large portfolios of diverse assets from as small as $1 million, to $1 billion or more. Coller Capital has the worlds largest investment team dedicated to private equity secondaries. Headquartered in London and New York, its team is multi-national in background and focus, for a truly global reach. In 2007, the firm closed its fifth secondaries fund, Coller International Partners V, with capital commitments of $4.8 billion and backing from 200 of the worlds leading institutional investors. It has already invested over three quarters of this fund.
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convivatus Social capital Gmbh

Seefeldstrasse 301 CH 8008 Zurich Switzerland Contact Tel Email Website Ann Kristin Haaen Seige +41 44 380 1650 annkristin.seige@convivatus.com www.convivatus.com
OVERVIEW Mission Convivatus Social Capital develops social impact investments. Convivatus provides private investors a platform for active social engagement based on investments instead of grant giving. Convivatus objective is thereby to give successful social entrepreneurs the strategic and financial basis for sustainable growth. The Convivatus model combines active business involvement and financing of real estate. By bringing new capital and know-how into the social sector, Convivatus wants to be a catalyst for positive social change. Company 2008 Zurich, Switzerland
Germany, Switzerland, Austria Children, youth Development and housing Education and research Social services Services for the elderly Type: Social enterprise Phase: Established but scaling up 400,000 (as of 2010) 2 - 10 million 5 - 7 years Loan Subordinated loan Mezzanine finance Equity
Target organisations Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing
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convivatus Social capital Gmbh

INVESTMENT Non Financial Services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Financial management Marketing and communication Networks
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the cranfield trust

Court Room Chambers 1 Bell Street Romsey SO51 8GY United Kingdom Tel Email Website +44 1794 830338 amanda.tincknell@cranfieldtrust.org ww.cranfieldtrust.org
OVERVIEW Presentation Type of organisation Year of origin Headquarters location SERVICES Types of services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Financial management Marketing and communication IT HR management Donors Social Purpose Organisations United Kingdom Poverty, disability and society exclusion The Cranfield Trust is a free management consultancy for non profits addressing issues of poverty, disability and social exclusion. Charity / non-profit 1988 Hampshire, United Kingdom
Target audience Geographical focus Sector focus ADDITIONAL INFORMATION
Working with a register of 600 skilled commercial sector managers, many of them alumni of leading international business schools, the Trust supports over 200 non-profits a year with tailored consultancy projects. Trust projects are managed to ensure successful outcomes by a team of project managers, themselves experienced consultants. Organisations working with Cranfield Trust volunteers consistently report improved service efficiency, increased management skills and confidence and more effective operations. 80% of Trust volunteers make lasting links with their client organisations, maintaining contact on completion of their projects to provide ongoing support. The Trust also offers specialist online advice on HR issues via a moderated website, HRNet, supported by an expert panel of HR practitioners. HRNet membership is free to its 600 member organisations. For more information please see www.cranfieldtrust.org or contact 44 (0) 844 800 3390.
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crdit coopratif
72 avenue de la Libert, BP211 92002 Nanterre France Contact Tel Email Website Yal Zlotowski +33 (0)1 47 24 83 39 yael.zlotowski@credit-cooperatif.coop www.credit-cooperatif.coop
OVERVIEW Mission Crdit Coopratif serves social business and social economy organisations, associations, cooperatives, friendly societies, trade unions, work councils, housing associations, and small and mediumsized businesses. The bank is a pioneer of solidarity-based finance with the largest existing range of ethical and solidarity-based banking products and investments. Company Foundation Fund Cooperative Bank Crdit Coopratif (bank): 1892 Esfin-Ides: 1990 CoopEst: 2006 Fondation Crdit Coopratif: 1984 Nanterre, France
Year of origin
Headquarters location INVESTMENT Geographical focus
Europe: Mainly France, but also Poland, Spain, Germany, Italy and other EU countries. CoopEst: Central and Eastern Europe. International microfinance : worldwide Children, youth Culture and recreation Development and housing Education and research Environment Health Social services Cleantech Microfinance Type: Charity without trading (Fondation Crdit Coopratif ), social enterprise, microfinance institutions, cooperatives, mutual companies Phase: Established but scaling up, mature
Sector focus
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crdit coopratif
INVESTMENT (continued) Annual expenditure on VP 40% of Crdit Coopratifs annual banking activity is made within the Social Economy sector. In 2009, Esfin - Ides invested 8.6 million and CoopEst SA 21 million. Esfin Ides : funds under management 75 million CoopEst SA: 30 million Microfinance and social finance (Crdit Coopratif Bank): 15 million Esfin Ides: 1000 - 1,5 million CoopEst SA: 500,000 - 3 million Middle to long term investment and support Guarantee Senior loan Loan Subordinated loan Convertible loan Mezzanine finance Equity Grant (Fondation Crdit Coopratif ) Strategy consulting Coaching, mentoring of the CEO or the management team Governance Networks
Funding available
VP average investment size Average duration of the VP support Types of financing
ADDITIONAL INFORMATION Several entities within Group Crdit Coopratif are active in VP: Crdit Coopratif Bank, Group Esfin Ides, CoopEst SA and Foundation Crdit Coopratif.The Esfin-Ides Group provides equity capital for entities in the social economy, CoopEst SA provides long-term financing for financial institutions in the social economy sector in Central and Eastern Europe and Foundation Crdit Coopratif is active in several fields in relation with VP: promoting research and publications on the social economy, reducing social exclusion, inclusion of disabled people, international solidarity, innovative entrepreneurship, environment and culture.
119
cultiva Kristiansand Energy corporation Foundation

PO Box 494 N-4664 Kristiansand Norway Tel Email Website +47380380 20 post@cultiva.no www.cultiva.no
OVERVIEW Mission The goal of the foundation is to secure jobs and good living conditions in Kristiansand by providing grants to projects which set up art, cultural, and educational institutions or organisations that contribute to innovation, development and competence-building within the creative milieu of Kristiansand. Foundation Cultiva was established by the local authority of Kristiansand in 2002 to ensure that a portion of the profits made from selling shares in Agder Energy Ltd would be of lasting benefit to the community. Kristiansand, Norway
Type of organisation Year of origin
Headquarters location INVESTMENT Geographical focus Sector focus
Norway, City of Kristiansand Culture and recreation Education and research Creative Industries Projects 3 million 165million (2010) 1,000 - 750,000 1 - 3 years Grant Networks Establishing or supporting study programs at local university, resource centers and networks, investment funds supporting business development, and other entrepreneurial activities.
Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Non financial services Examples of investment
ADDITIONAL INFORMATION Cultivas vision is to contribute to the establishment of Kristiansand as a cultural centre nationally, and in certain areas, internationally. The current strategy has given priority to the following four target areas: climate for creativity and development, support for non-commercial enterprises and projects, commercial concentration, Kristiansand as a centre of expertise
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cVc capital partners

CVC Capital Partners (Luxembourg) Srl 20 Avenue Monterey L-2163 Luxembourg Tel Email Website +352 26 47 8368 info@cvc.com www.cvc.com
OVERVIEW Mission Fundamentally, CVC Capital Partners endeavours to release the inherent potential of all the businesses and employees within its diverse portfolio in order to secure sustainable, long-term value enhancement. CVC Capital Partners aim is to provide a competitive environment in which each business has the opportunity to develop and advance. Company 1981 Luxembourg Private Equity
One of the key elements of CVCs social responsibility undertaking is a Venture Philanthropy programme. In early 2010, CVC became a member of the European Venture Philanthropy Association (EVPA) and the Asia Venture Philanthropy Network (AVPN). In addition, CVC has been delighted to commit to the Impetus Trust a minimum of US$230,000 for 2010. CVC will commit a further minimum of US$190,000 in both 2011 and 2012, making a combined total of over US$600,000. Impetus operates a venture philanthropy model which combines expertise with capital investment to provide real support and value to their underlying charities. In Germany, a commitment was made to Active Philanthropy through membership in the Private Equity Foundation (PEF). Donations have also been extended to a US charity, Jump Start, and CVC Asia Pacific has pledged to make a donation to AVPN. In total, CVC raised over US$1 million from service providers and from more than 25 corporations and numerous individual donors. The overwhelming support from CVCs service providers and the individual team members fund raising efforts meant the group raised more than its targeted amount towards Impetus and their own personal charities. These funds will be deployed across 19 charities including CVCs chosen group charity, Impetus Trust (venture philanthropy charity) and the Private Equity Foundation (PEF) in Germany. ADDITIONAL INFORMATION CVC Capital Partners (CVC) is one of the worlds leading Private Equity and investment advisory firms. Founded in 1981, CVC now has a network of 20 offices and over 230 employees throughout Europe, Asia and the US.
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Dcu ryan academy for Entrepreneurship

3013 Lake Drive, Citywest Business Campus Dublin 24 Ireland Contact Tel Email Website Gordon McConnell, Deputy CEO +353 1 700 7763 gordon.mcconnell@dcu.ie www.ryanacademy.dcu.ie
OVERVIEW Mission The DCU Ryan Academy is a partnership between Dublin City University and the family of the late Tony Ryan (Ryanair). The Academy exists to promote entrepreneurship and innovation. The Ryan Academy is a dynamic hub for entrepreneurs and researchers to develop ideas learn new skills and network. 2005 Dublin, Ireland
Year of origin Headquarters location VP-RELATED ACTIVITIES Teaching Events Other ADDITIONAL INFORMATION
Social Enterprise and Social Entrepreneurship modules Social Enterprise events Membership of the Social Enterprise Taskforce (Ireland)
The Ryan Academy is working with researchers and entrepreneurs to help them achieve their potential. The Academy believes thatspecific areas of the economy, in particular the Social Economy and Green Technologies, will play a key role in Irelands economic recovery and is committed to providing leadership and support to these and other key sectors.
122
Doughty hanson & co

45 Pall Mall London SW1Y 5JG United Kingdom Tel Email Website +44 207 663 9300 stephen.marquardt@doughtyhanson.com www.doughtyhanson.com
OVERVIEW Mission Doughty Hanson & Co is a pan-European private equity investment manager with fund programmes in buyouts, real estate and technology venture capital. Company 1985 London, United Kingdom Private Equity
Doughty Hanson is involved with a number of organisations in the philanthropic and social investment arena across Europe including, notably, Bridges Ventures and the Private Equity Foundation. These organisations apply the focus and rigour associated with the private equity investment model, which has the potential to significantly increase the impact of the social returns they generate.
123
EpFl - Ecole polytechnique Fdrale de lausanne

School of Life Sciences Deans Office Station 19 CH-1015 Lausanne Switzerland Contact Tel Website sacha.sidjanski@epfl.ch +41 21 693 16 41 sv.epfl.ch
OVERVIEW Mission The mission of the EPFL (Ecole Polytechnique Fdrale de Lausanne Swiss Federal Institute of Technology) focuses on education, research and technology transfer. EPFL -Ecole Polytechnique Fdrale de Lausanne School of Life Sciences 1853 Lausanne, Switzerland
Institution VP-related research centre, relevant Chairs Year of origin Headquarters location ADDITIONAL INFORMATION
Tackling major medical problems of our times with a new partnering and entrepreneurial approaches. The School of Life Sciences is one of the five schools at EPFL; it was launched in 2002 with the mission to carry out cutting edge research and promote transdisciplinary approaches, putting together biologists with engineers for a new innovative research effort, e.g. building microscopes, new drug delivery, using engineering expertise to better understand complexes issues like cancer, neurodegenerative and infectious diseases (e.g. tuberculosis), computer science to model drug targets interactions, etc. Accordingly, the EPFL School of Life Sciences trains a new type of researchers whose combined skills in these various fields are set to address fundamental biological questions and to attack the major medical problems of our times with a new partnering and entrepreneurial approaches. A start-up incubator, coaching services, study programmes on entrepreneurship and innovation, all serve to stimulate the links between the lab and business. The Science Park on campus is home to more than 90 enterprises.
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ESaDE Business School

Universitat Ramon Llull Av. Torreblanca 59 08172 San Cugat del Valles Spain Contact Tel Email Website Mariarosa Scarlata +34 93 280 61 62 mariarosa.scarlata@esade.edu www.esade.edu
OVERVIEW Mission Year of origin Headquarters location ADDITIONAL INFORMATION ESADEs faculty of 445 foments education with very high academic standards; the creation of knowledge, based on both rigorous and relevant investigation and research; and debate to contribute towards the improvement of society. Every year, ESADEs three campuses in Barcelona, Madrid and Buenos Aires host over 9000 students who participate in the Business Schools Executive Education and MBA programs or enroll in its undergraduate, postgraduate or doctoral programs in both Law and Management. To further increase its international focus and global perspective, ESADE has established strong alliances and partnerships with more than 100 organisations and schools that provide a platform for development and innovation. Its 35,000 alumni, holding top-level positions in companies on all five continents, attest the schools commitment. ESADE was named the number one business school worldwide by The Wall Street Journal for two consecutive years (2006 and 2007). Since its foundation, ESADE has been committed to the development of highly professional leaders in the areas of management and law. 1958 San Cugat del Valles, Spain
125
Esme Fairbairn Foundation

Kings Place, 90 York Way London N1 9AG United Kingdom Contact Tel Email Website Danyal Sattar +44 (0) 20 7812 3700 danyal.sattar@esmeefairbairn.org.uk www.esmeefairbairn.org.uk
OVERVIEW Mission The Esme Fairbairn Foundation aims to improve the quality of life throughout the UK. It does so by funding the charitable activities of organisations that have the ideas and ability to achieve change for the better. The Foundation takes pride in supporting work that might otherwise be considered difficult to fund. Foundation Esme Fairbairn Foundation: 1961 Finance Fund: 2008 London, United Kingdom
United Kingdom Advocacy Children, youth Culture and recreation Development and housing Education and research Environment Social services Type: Charity without trading, charity with trading, social enterprise Phase: Pilot or start-up, established but scaling up, mature 5 million Size of endowment: 962 million Size of dedicated VP fund: 24 million 393,000 7 years
Target organisations Annual expenditure on VP Funding available VP average investment size Average duration of the VP support
126
Esme Fairbairn Foundation

INVESTMENT (continued) Types of financing Guarantee Senior loan Loan Subordinated loan Convertible loan Mezzanine finance Equity Partner in a limited liability partnership Industrial and provident society shares (member of cooperative raising investment) Unspecified
Non financial services ADDITIONAL INFORMATION
The Finance Fund, where Esme Fairbairn Foundation does activities related to venture philanthropy, invests in charities, social enterprises and other social purpose organisations. The Foundations investments have ranged in size from 23,600 to 1,181,000 and so far, it has supported 28 organisations in this way, committing 15,167,000. Esme Fairbairn Foundation makes these investments for three broad reasons: y it is another tool to the causes it supports. Most of its support is in the form of grants; occasionally, returnable funds make more sense y to support intermediaries to meet the needs more systematically; it invests in intermediaries such as Bridges, Big Issue Invest, Charity Bank, Ecology Building Society and Venturesome, amongst others. They are specialists in their field, and can attract other funds alongside Esmes, to greater impact than we might have by ourselves y to help bring new sources of money to support social good. The Foundations philanthropic resources, though useful, do not have the scale to address the social and environmental problems it is tackling
127
ESSEc Business School

1 Avenue Bernard Hirsch BP 50105 95021 Cergy-Pontoise Cedex France Contact Tel Email Website Claire Morkel + 33 (0)1.34.43.32.05 morkel@essec.fr www.iies.fr
OVERVIEW Mission For over a century, ESSEC has been developing a state-of-the-art educational program that gives the individual pride of place in its learning model, promoting the values of freedom, openness, innovation and responsibility. Preparing future managers to reconcile personal interests with collective responsibility, giving consideration to the common good in their decision-making, and weighing economic challenges against the social costs are some of ESSECs goals. Its ultimate goal is to create a global world that has meaning for all. ESSEC Business School Institute for Social Innovation and Social Entrepreneurship Chair in Social Entrepreneurship Chair in Philanthropy 2003: Chair in Social Entrepreneurship 2009: Institute for Social Innovation and Social Entrepreneurship 2010: Chair in Philanthropy Cergy, France
Parent institution VP-related research centre, relevant Chairs Year of origin
Headquarters location VP-RELATED ACTIVITIES Research Centres and Chairs Teaching
Institute for Innovation and Social Entrepreneurship (IIES) Chair in Social Entrepreneurship Chair in Philanthropy Chair in Social Entrepreneurship, developed in partnership with MACIF, MAIF, Caisse des Depots et Consignations as well as Caisse dEpargne, the Chair offers: a dedicated curriculum for students in ESSECs Master in Management, an executive education training focusing on the management of social enterprises. Academic as well as applied research activities, awareness raising (through activities such as conferences and round tables) Chair in Philanthropy, developed in partnership with Fondation de France, BNP Paribas Wealth Management, KPMG as well as a few individuals, this new research Chair aims at studying, enhancing and promoting the knowledge and role of philanthropy in the European context. Founded in 2008 by ESSECs IIES in partnership with a French bank (Caisse dEpargne Ile de France), Antropia (http://antropia.essec.fr) is a social incubator and philanthropic venture capital fund which supports social enterprises at inception stage. 26 projects have been incubated since the creation of Antropia.
Other
128
European investment Fund

96 boulevard Konrad Adenauer L-2968 Luxembourg Luxembourg Tel Email Website +352 426 688 340 j.harvey@eif.org www.eif.org
OVERVIEW Mission European Investment Fund (EIF) is Europes leading developer of risk financing with a central mission to support small and medium-sized enterprises by enhancing their access to finance. Public institution 1994 Luxembourg Venture and Growth Capital / Guarantees and Securitisation
The identification of social value-added is important for EIF because of its purpose to contribute to the objectives of its stakeholders, notably those of the European Union. Hence in its activity, EIF examines strategic approaches to social value creation by assessing the efficiency of its financial instruments and investments in pursuit of its main policy objective of improving the financing landscape for small and medium-sized enterprises (SMEs). ADDITIONAL INFORMATION EIF is Europes leading developer of risk financing for entrepreneurship and innovation. Its central mission is to support Europes SMEs by helping them to access finance.EIFs core business is conducted through equity investments in venture and growth capital funds and as a guarantee provider to intermediaries in SME financing. Working in partnership with public and private institutions, EIF designs and develops market instruments targeting the SME segment. EIF operates on market terms to ensure an appropriate financial return for its shareholders. EIF has a crucial role to play throughout the value chain of enterprise creation, from the earliest stages of intellectual property development to mid and later stages. In its role, EIF fosters EU objectives in support of innovation, regional development, entrepreneurship, growth, and employment. EIF, together with the European Investment Bank and the European Commission has set up the Progress Microfinance Facility which aims to increase access to finance for individuals who have lost or are at risk of losing their job or have difficulties entering of re-entering the labour market. It is also aimed at disadvantaged individuals, including people at risk of social exclusion.
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Factary
Apdo Corr 393, Sant Esteve de P. E-08461 Barcelona Spain Contact Tel Email Website Christopher Carnie +34 93 845 19 02 chris@factary.com www.factary.com
OVERVIEW Mission Factarys mission is to help clients find funding and partners. Factary works with non-profits and philanthropic investors across Europe, offering strategic planning and consultancy in fundraising and philanthropy based on research and analysis. Company 1990 Bristol, United Kingdom and Barcelona, Spain
Type of organisation Year of origin Headquarters location SERVICES Types of services
Strategy consulting Research Coaching, mentoring of the CEO or the management team Fundraising or revenue strategy Donors Foundation Funds Social Purpose Organisations Europe Advocacy, Children, youth, Culture and recreation, Development and housing, Education and research, Environment, Health, Social services, Cleantech, Microfinance Philanthropic investment market, philanthropic motivations, foundations in Europe.
Target audience
Annual expenditure on VP Sector focus
Research interests
ADDITIONAL INFORMATION Founded by Christopher Carnie in 1990 as a research agency in the philanthropic sector, Factary has evolved into a consultancy with a clear focus on strategic philanthropy in Europe. Senior consultants Christopher Carnie and Martine Godefroid work across Europe with non-profits and their philanthropic partners, helping clients to build successful strategies for fundraising and development, backed with practical research provided by a strong, experienced team.
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Fondazione crt
Via XX Settembre, 31 10121 Torino Italy Contact Tel Email Website Stefania Coni +39 11 6622599 stefania_coni@fondazionecrt.it www.fondazionecrt.it
OVERVIEW Mission CRT Foundation is concerned exclusively with social aims and promoting economic development, and it orients its work and dedicates its resources to all sectors of social utility: from the conservation and development of artistic heritage and cultural activities, to scientific research; from education and training, to health and assistance for the weaker categories of society; from civil protection and care for the environment, to support for economic development. Foundation Fondazione CRT: 1991 VP division or fund: 2006 Torino, Italy
Italy Culture and recreation Development and housing Education and research Environment Health Social services Microfinance Size of endowment: 3.2 billion (financial investments valued at market prices as of December 2009) Size of dedicated VP fund: 220,000,000 Loan Equity-like Grant Bond subscription Possible other types of financing
Funding available
Types of financing
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Fondazione crt
INVESTMENT (continued) Non financial services Strategy consulting Fundraising or revenue strategy Financial management Marketing and communication Legal advice Networks Institution of a closed-end real estate fund with social aims. Shareholder of different societies (i.e. microcredits, a management company, a society that invests in equity of the venture capital of non listed companies, etc.) Subscription of corporate bond issued by the Turin Transport Authority at below market conditions.
ADDITIONAL INFORMATION In slightly less than 20 years since its creation, Fondazione CRT has gone through at least three operational phases: it started as a Foundation that makes grants, it then developed into a Foundation that also plans its own projects and today it even makes philanthropic investments. Inspired by the venture philanthropy this last approach represents a new, significant change in the way the Foundation allocates funds. This maybe oversimplified distinction into three types of actions does not intend to represent three different phases that have followed and replaced each other over time, but rather three different and integrated ways of reaching the end goal of social aim.
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Fondazione di Venezia
Dorsoduro 3488 U 30123 Venezia Italy Tel Email Website +39 41 2201211 segreteria@fondazionedivenezia.org www.fondazionedivenezia.org
OVERVIEW Mission Fondazione di Venezia is one of the 88 Italian banking foundations originated from the privatization process of savings banks. The mission of Fondazione di Venezia is the promotion of civil society and human capital particularly in the venetian territory. Foundation 1992 Venice, Italy Education, arts and culture, research
Even though Fondazione di Venezia is not directly involved in VP, it is keen to learn from the experience of members of EVPA and hosts one of EVPAs annual meetings in Venice. ADDITIONAL INFORMATION Fondazione di Venezia is mostly involved in acting through a number of instrumental entities operating in the fields of arts, culture, education and transfer of technology.
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Fondinvest capital
33 rue de La Baume 75008 Paris France Contact Tel Email Website Charles Soulignac +33 1 58 36 48 00 mailbox@fondinvest.com www.fondinvest.com
OVERVIEW Presentation Fondinvest Capital is an independent portfolio management company specializing in private equity fund of funds activity. The firm is a pioneer in this business in Europe as it created one of the first private equity funds of funds. Company 1994 Paris, France Private equity fund of funds
Type of organisation Year of origin Headquarters location Activities ADDITIONAL INFORMATION
Since inception, Fondinvest Capital has been managing 3 pure primary funds of funds with Fondinvest I-III-V; 3 secondary funds with Fondinvest II-IV-VI; and 2 separate accounts, representing 1.5 billion managed with over 200 funds invested in various private equity stages and geographical areas. The funds are subscribed by European, US, Middle Eastern and Asian investors, including banks, insurance companies, pension funds, retirement pension funds, or family offices. Fondinvest Capitals investors demonstrate high confidence and satisfaction in re-upping in the successor funds of funds. Fondinvest Capital is currently launching Fondinvest VII, a primary fund of funds, and Fondinvest VIII, a secondary fund.
134
Formuesforvaltning aS Stiftelsen et rikere

Henrik Ibsensgate 53 0181 Oslo Norway Contact Tel Mail Website Ingrid Stange +47 24 12 44 00 ingrid.stange@formue.no www.formue.no
OVERVIEW Mission Type of organisation Year of origin Headquarters location Activities INVOLVEMENT IN VP Formuesforvaltning AS is the first wealth management firm in Norway to offer investment opportunities in philanthropy. Through its Philanthropic Services, it helps to define strategy and goals for donations, and to set up means to reach the goals. Its clients include private individuals and major foundations. The level of engagement varies from total management of foundations to advice on measurement of efficiency. Formuesforvaltning AS also establishes philanthropic funds where its clients are invited to co-invest with the company. Through its Philanthropic Forum, Formuesforvaltning AS aims to inform and inspire foundations and wealthy individuals to participate in engaged philanthropic activities. ADDITIONAL INFORMATION Through long-term personal relationships, cutting-edge investment solutions and comprehensive portfolio reporting, Formuesforvaltning AS is fully equipped to manage all functions related to the management of financial portfolios, including tax planning and management, and corporate servicing tailored to the individual clients specific needs. Clients include private individuals, organisations and foundations. Formuesforvaltning AS is the largest privately-owned, independent wealth management firm in Norway. Company 2000 Oslo, Norway Wealth Management
135
Forum for active philanthropy Gmbh

Monbijouplatz 2 10178 Berlin Germany Contact Tel Email Website Dr. Felicitas von Peter +49 30 240 88 24 0 info@activephilanthropy.org www.activephilanthropy.org
OVERVIEW Mission Active Philanthropys mission is to create a more active and engaged giving culture in Europe where donors contribute not only financial resources but also professional experience, time and contacts. Independent philanthropy intermediary and advisor 2006 Berlin, Germany
Investment strategy Strategy consulting Coaching, mentoring of the CEO or the management team Networks Written information (resources, guides for donors) Donors Foundation Continental Europe No focus
Target audience Geographical focus Sector focus ADDITIONAL INFORMATION
Active Philanthropy helps donors develop or strengthen their personal giving strategy and encourages them to meet, pool resources and ideas and learn from each other. Therefore Active Philanthropy provides the following services: y Publication of reports on selected funding areas as well as guides on methods and skills of effective giving y Workshops bringing together peers who are interested in the same funding area or management issue y Expeditions that explore certain funding issues in depth and facilitate an exchange with peers and experts on the ground y Individual advisory services on all issues connected with developing a giving strategy y Project management tasks at the donors request, like identifying and assessing good projects to support or managing existing projects.
136
GMt iii charitable trust

PO Box 71 Les Banques Trafalgar Court St Peter Port Guernsey GY1 Tel Email Website +44 20 7292 9333 tim.green@gmtpartners.com www.gmtpartners.com
OVERVIEW Mission GMT III Charitable Trust is the charitable arm of GMT Communications Partners. It has been established to make meaningful contributions to charitiesthat address underfunded social issues. Charity / non profit 2006 Guernsey
Type of organisation Year of origin Headquarters location
137
halder Beteiligungsberatung Gmbh

Barckhausstr. 12-16 60325 Frankfurt am Main Germany Contact Tel Email Website Paul De Ridder +49 69 24253311 deridder@halder.eu www.halder.eu/en
OVERVIEW Presentation Halder is a private equity investor and is well established in German midcaps with a preference for companies characterized by independent management, a strong market position, a track record of positive earnings and a turnover ranging from 20 million to 400 million. Investment is geared towards ownership succession solutions for family business, spin-offs from large corporations, changes in shareholder structure and expansion financing. Halder usually takes a majority stake, mainly by way of a management buy-out (MBO). Company Fund 1991 Frankfurt am Main, Germany Private Equity
138
hogan lovells
Atlantic House Holborn Viaduct London EC1A 2FG United Kingdom Tel Email Website +44 20 7296 2962 yasmin.waljee@lovells.com www.lovells.com
OVERVIEW Presentation Hogan Lovells is one of the largest international business legal practices with over three thousand people operating from 27 offices in Europe, Asia and the United States. Company 1899 London, United Kingdom Legal services
Hogan Lovells Pro Bono has been at the forefront of innovative thinking in the field of social entrepreneurship for over 12 years. It provides over 18,000 hours of free legal advice a year to dynamic social entrepreneurs who wish to develop solutions to alleviate problems of global concern. Hogan Lovells work on projects to help relieve social disadvantage in conjunction with some major venture philanthropists. The strength of Hogan Lovells Pro Bono program lies in the high standards of professionalism, clarity and practical legal advice for which the firm is known in its commercial work, being applied equally rigorously and enthusiastically to its pro bono practice. Hogan Lovells recognizes that a pro bono commitment is integral to the values of the firm.
139
iESE Business School

Avda. Pearson 21 08034 Barcelona Spain Contact Tel Email Website Johanna Mair +34 93 353 42 00 jmair@iese.edu www.iese.edu
OVERVIEW Mission IESE Business School is committed to the development of leaders who aspire tohave a positive,deep and lasting impact on people, firms and society through their professionalism, integrity and spirit ofservice. IESE aspires to be a world-class and truly global business school, seeking teaching excellence and research impact. IESE has two campuses in Barcelona and Madrid and facilities in Munich, New York and Sao Paulo, offering executive programs in key countries around the world. IESE Business School IPSS - IESE Platform for Strategy and Sustainability Center for Business in Society La Caixa Chair: Corporate Social Responsibility and Corporate Governance 1958 Barcelona, Spain
Parent institution VP-related research centre, relevant Chairs
Year of origin Headquarters location VP-RELATED ACTIVITIES Research Centres and Chairs Teaching Events Other
IPSS - IESE Platform for Strategy and Sustainability Entrepreneurial strategies for social impact (MBA, Global Executive MBA and Executive Education programs) Doing Good and Doing Well Conference: Europes leading student-run conference on responsible business. http://dgdw.iese.edu/ Numerous case studies and publications on the topics of social entrepreneurship and social innovation. SELUSI research project - study of 800 social enterprises in Europe
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iheed Foundation
Fermoy Road, Mitchelstown County Cork Republic of Ireland Contact Tel Email Website Frank Doheny, Dr. Tom OCallaghan +353 25 52080 info@iheed.org www.iheed.org
OVERVIEW Mission The iHeed Foundation is a newly established Irish venture philanthropy foundation that focuses on health education. It supports the development, implementation and scale-up of innovations that measurably improve health education outcomes for children in Ireland, Sub-Saharan Africa and beyond. Foundation 2010 County Cork, Rep. of Ireland Venture Philanthropy
Type of organisation Year of origin Headquarters location Activities ADDITIONAL INFORMATION
IHeed looks to fund programs that use new information technology and telecommunications systems to improve health education outcomes, with a focus on getting health information down the last mile to poor or otherwise vulnerable communities by educating and up skilling the Community Health Worker and other healthcare practitioners.
141
iKarE ltd
Brettenham House, 5 Lancaster Place London WC2EN United Kingdom Contact Tel Email Website Anne Holm Rannaleet +44207304 4300 and +46 70378 9550 anne.rannaleet@ikinvest.com www.ikinvest.com/CSR/IKARE
OVERVIEW Mission Type of organisation Helping people do it for themselves, solving health problems and creating jobs. Company Charity / non profit IKARE is a UK company limited by guarantee, which is also a UK registered charity 2006 London, United Kingdom
Year of origin Headquarters location INVESTMENT Geographical focus Sector focus
Africa Education and research Health Other: Job creation is part of our approach Type: Social enterprise Phase: Pilot or start-up 150,000 Loan Convertible loan Grant Coaching, mentoring of the CEO or the management team Governance Financial management Marketing and communication Networks See www.stampoutsleepingsickness.com
Target organisations Annual expenditure on VP Types of financing
IKARE has provided financial and non-financial support to both academic institutions and entrepreneurs involved in bringing animal health services to rural parts of northern Uganda.
142
inSEaD
Boulevard de Constance 77305 Fontainebleau Cedex France Contact Tel Email Website Christine Driscoll, Associate Director, Social Entrepreneurship Initiative +33 1 60 72 41 28 Christine.driscoll@insead.edu www.insead.edu/se and www.insead.edu/isic
OVERVIEW Mission The mission of INSEAD is to promote a non-dogmatic learning environment that brings together people, cultures and ideas from around the world, changing lives, and helping transform organisations through management education. Through teaching, it develops responsible, thoughtful leaders and entrepreneurs who create value for their organisations and their communities. Through research, it expands the frontiers of academic thought and influence business practice. For the Social Entrepreneurship Initiative, it brings its academic expertise to bear upon the unique challenges faced by social entrepreneurs. Its research agenda aims to foster a two way dialogue: advanced management thinking is applied to the challenges of social entrepreneurs, while the innovative approach of social entrepreneurs is leveraged back into business research and corporate practice. INSEAD INSEAD Social Entrepreneurship Initiative, www.insead.edu/se 2007 Fontainebleau, France
Parent institution VP-related research centre, relevant Chairs Year of origin Headquarters location VP-RELATED ACTIVITIES Research Centres and Chairs Teaching
INSEAD Social Innovation Centre, www.insead.edu/isic Maag International Centre for Entrepreneurship, www.insead.edu/se Social Entrepreneurship and Impact Investing are taught in MBA and EMBA classes as well as executive education. The pioneering INSEAD Social Entrepreneurship Programme (ISEP) is a preeminent executive education programme for social entrepreneurs, which has been running since 2005 and has trained more than 250 social entrepreneurs. The INSEAD Social Innovation Centre runs conferences called Alumni Sustainability Roundtables twice a year as well as other innovative events and programs. Please see: http://www.insead.edu/ facultyresearch/centres/isic/outreach/index.cfm. The INSEAD Social Entrepreneurship Initiative has just launched the Social Entrepreneurship Catalyst (www.insead.edu/secatalyst), a series of events, workshops, and networking opportunities for INSEADs social entrepreneurship eco-system. The Social Entrepreneurship Initiative also runs a yearly conference and reunion. Please see: www.insead.edu/ se for more information.
Events
143
institute for philanthropy

2 Temple Place London WC2R 3BD United Kingdom Contact Tel Email Website Musa Okwonga, Director for Press +44 (0)207 240 0262 contact@instituteforphilanthropy.org www.instituteforphilanthropy.org
OVERVIEW Mission Institute for Philanthropy works to increase effective philanthropy in the United Kingdom and internationally. Institute for Philanthropy does this by providing donor education, building donor networks and raising the awareness and understanding of philanthropy. Charity / non-profit 2000 London, United Kingdom
Type of organisation Year of origin Headquarters location INVESTMENT Target audience
Donors Foundation Funds Government Unspecified Education and research Unrestricted funding, family philanthropy, management of charitable assets, spend out foundations, giving in a recession, climate change
Geographical focus Sector focus Research interests
ADDITIONAL INFORMATION With offices in London and New York, the Institute for Philanthropy is one of the worlds leading organisations providing international donor education. Its staff brings more than 50 years of experience at the highest level in strategic philanthropy. Institute for Philanthropy: y Has worked closely with over 200 wealthy families and individuals from Europe, North America, Asia, Africa and the Middle East. y Leads the worlds premier donor education programme in strategic philanthropy, The Philanthropy Workshop. y Has worked with 25 of the UKs 55 Community Foundations in the last 2 years.
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J p Morgan
10 Aldermanbury London EC2V 7RF United Kingdom Tel Email Website +4420 7325 0633 Nicola.j.mackert@jpmorgan.com, Rafia.x.qureshi@jpmorgan.com www.jpmorgan.com
OVERVIEW Presentation J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. J.P. Morgan has been helping its clients to do business and manage their wealth for more than 200 years. J.P. Morgans business has been built upon its core principle of putting clients interests first. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm. Company EMEA Headquarters London, United Kingdom Investment Banking, Corporate Banking, Treasury & Securities Services, Asset Management and Private Banking
Type of organisation Headquarters location Activities
INVOLVEMENT IN VP Through the JPMorgan Chase Foundation, J.P. Morgan is committed to working in partnership with venture philanthropy organisations to respond to the deepening social need in the communities it serves. Globally, the Foundation provides over $100 million in grants on an annual basis to over 7,500 grant partners in the focus areas of Community Development, Education and Arts & Culture. Through strategic partnerships with organisations across the region, J.P. Morgan focuses its investments towards the most vulnerable people and support sustainable programmes that have a clear and measurable impact. It is this approach that continues to drive its investment in high impact programmes across EMEA (Europe, Middle East, and Africa) with the provision of not only financial capital but also human capital through the time and expertise of its employees.
145
Jpa Europe limited

32-36 Loman Street London UK SE1 0EE United Kingdom Contact Tel Email Website John Pepin +44 780 305 1674 john@jpa-group.com www.jpa-group.com
OVERVIEW Mission JPAs vision is to be an indispensable partner to all its clients through the delivery of world-class support services. JPA is an exceptional professional services company operating in the commercial and third sectors helping clients to improve performance and competitiveness. JPA has in-depth knowledge of the verticals within which it works, allowing it to deliver technology and consulting solutions which enable clients to achieve their organisational goals. Company 1996 London, United Kingdom
Strategy consulting Research Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Enterprise development and growth Collaboration Donors Foundation Funds Social Purpose Organisations Government Europe, North America and South East Asia No focus
Target audience
Geographical focus Sector focus
146
King Baudouin Foundation

Rue Brederode 21 1000 Brussels Belgium Contact Tel Email Website Benot Fontaine +32 (2)-549 03 04 fontaine.b@kbs-frb.be www.kbs-frb.be
OVERVIEW Mission The mission of the King Baudouin Foundation is clear and at the same time wide-ranging: to help to improve living conditions of the population. In its 1976 Constitution, the Foundation is described as an independent structure that encourages original ideas and sets up new projects. The King Baudouin Foundation supports projects and citizens who are committed to create a better society. In this way it can make a lasting contribution towards greater justice, democracy and respect for diversity. Foundation King Baudouin Foundation: 1976 VP division: 2009 Brussels, Belgium
Belgium only for VP activities No focus Type: Charity without trading, social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up, mature 400,000 Size of endowment: 250 million Size of dedicated VP fund: 1 million 80,000 3 years Loan Grant All types, depending on the needs of the organisation
Annual expenditure on VP Funding available VP average investment size Average duration of the VP support Types of financing Non financial services
147
KpMG private Equity Group

1-2 Dorset Rise London EC4Y 8EN United Kingdom Tel Email Website +44 20 7311 1000 vincent.neate@kpmg.co.uk www.kpmg.com
OVERVIEW Mission Type of organisation Headquarters location Activities INTEREST IN VP Corporate social responsibility is central to the culture at KPMG. This means that the company believes in behaving ethically, safeguarding the environment and building positive links with the communities around it. Locally, this often means backing education initiatives but, in the wider community, KPMG staff support and lead projects to assist the homeless as well as people in debt or in need. More widely, KPMG backs initiatives to address climate change, the environment and sustainable development through KPMGs Global Development Initiative through which it hopes to ensure that KPMG people can make a difference to issues of global significance. ADDITIONAL INFORMATION KPMGs Private Equity Group comprises practitioners from KPMGs Advisory, Tax and Audit practices, including Corporate Finance, Transaction Services, Restructuring and Forensic. The Private Equity Group at KPMG was established to support the link between a private equity fund, its managers, the transactions, the investments and the realisation of value. By offering a coordinated approach to the private equity business, KPMG firms can help private equity houses, which invest across middle and large leveraged buy-out markets, with their strategic, deal and portfolio management issues. Underlying KPMGs approach is a single, consistent global methodology no matter where its clients are doing a deal, KPMG firms are committed to providing a high standard of work with a forwardthinking perspective. KPMGs Private Equity Group is a dedicated group of professionals serving the private equity community globally. Company London, United Kingdom Private Equity advisory
148
lapiluz advisory Services

Lei 19 / 10 B-3000 Leuven Belgium Tel Email Website +32-485-47.08.09 liesbet@lapiluz.com www.lapiluz.com
OVERVIEW Mission Lapiluz Advisory Services is an independentinvestment advisory and consultingfirmservicingprivate foundations, venture philanthropists and high net worth individuals to support the strategic development and investment management aspects of their international development and impact investing activities. It aims to introduce and apply key business concepts, capital efficiency and financial transparency from the venture capital and private equity industry into the field of international development, without jeopardizing the social objectives and impact of international philanthropy. Company 2008 Leuven, Belgium
Investment strategy Strategy consulting Fundraising or revenue strategy Financial management Donors Foundation Funds Africa and Latin America Development and housing
Target audience
Lapiluzs founder and managing director, Liesbet Peeters, combines professional expertise in finance and private equity with extensive experience in international development. For the last two and a half years, she has worked for the Grassroots Business Initiative at the World Bank, where she worked with numerous NGOs, social enterprises, partner donors and foundations on identifying and funding micro-economic development projects, mainly in West Africa and South-East Asia. Previously, Liesbet gained solid expertise in finance and private equity/venture capital deal-making, fund structuring and administration, investor reporting and fundraising, working in various positions in the private equity/venture capital industry in Europe.
149
linitiative philanthropique
21 rue Ballu 75009 Paris France Contact Tel Email Website Jerome Kohler +33 66 076 4755 Jeromekohler@aol.com www.initiative-philanthropique.com
OVERVIEW Mission LInitiative Philanthropique is a philanthropic advisers consultancy firm that advises, in Europe and in the US, 1) Families and individuals on their philanthropic projects 2) Family offices, private banks, private equity firms (BNP-Paribas Wealth Management, Natixis Private Equity, HSBC private bank) and lawyers on their philanthropic services and 3) Companies on their strategic corporate philanthropy. Company Fund (new) 2001 Paris, France
Investment strategy Performance measurement Strategy consulting Research Coaching, mentoring of the CEO or the management team Governance Fundraising or revenue strategy Marketing and communication Legal advice HR management Networks Survey on philanthropic trends and philanthropists motivations Donors Foundation Funds Social Purpose Organisations Government Europe and USA
Target audience
Geographical focus
150
linitiative philanthropique
SERVICES (continued) Sector focus Advocacy Children, youth Culture and recreation Development and housing Education and research Environment Health Social services Cleantech Microfinance Philanthropic financial products and services Strategic and comparative philanthropy, philanthropists motivations
Research interests ADDITIONAL INFORMATION
The company also helps non-profit organisations and institutions such as museums and foundations in their development and companies in their corporate giving strategies. LInitiative Philanthropique has published, in collaboration with lEcole des Hautes Etudes en Sciences Sociales, the first survey on the philanthropic motivations of HNWIs (65 interviews of wealthy individuals or family with assets between 5M to 13 billion) in Europe for an international private bank. The company is strongly committed to developing venture philanthropy in Europe, not only as a member of EVPA, but also by helping individuals or companies to set up their own venture philanthropy vehicles and activities or to identify beneficiaries. Before founding LInitiative Philanthropique, Jerome Kohler, its director, was the deputy director of the foundations department of Fondation de France (the main community foundation in France with more than 600 funds), adviser to the CFO of the Caisse dEpargne Bank, head of the corporate giving of the LOreal Group, adviser to the chairman of the Louvre Museum and executive director of the American Friends of the Louvre in New York. He is also a member of the board of several non-profit organisations such as Humanity in Action Inc, Fondation Demeter, Paris-Muses and was part of the credit committee of PlanetFinance and also sits on the board of the ESSEC alumni association Jerome is one of the three co-founders and funders of the newly created European Philanthropy Chair at Essec Business School to promote research on European philanthropy and foundations (2010) and has been strongly involved in the definition of its research program and its fundraising.
151
lundin for africa Foundation

Suite 2101 885 West Georgia Street Vancouver, BC - V6C 3E8 Canada Contact Tel Email Website Stephen Nairne +1.604.806-3082 Stephen@lundinforafrica.org www.lundinforafrica.org
OVERVIEW Mission Founded in 2005, Lundin for Africa (LFA) is the philanthropic arm of the Lundin Group of Companies, which has invested actively in Africa for over 35 years. Through a mixture of grants and impact investments, LFA supports innovative, high-impact initiatives that enable sustainable agricultural livelihoods and support SME development across subSaharan Africa. Foundation Fund Lundin for Africa Foundation: 2005 Lundin for Africa funds: 2009 Vancouver, Canada
Africa Agriculture and Agribusiness Small and Medium Sized Business Type: Charity with trading, social enterprise, small and medium-sized business Phase: Pilot or start-up, established but scaling up 7 million 500,000 5 -10 years Senior loan Convertible loan Equity Grant Do not directly provide non financial services
Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing
152
MaM pte ltd

107A / 108A Amoy Street Singapore 069928 Contact Tel Hiroyuki Maki +65 6336 3825
OVERVIEW Mission MAM Pte Ltd was founded in September 2006 to engage in proprietary trading and principal investment for Melco Holdings Inc., and began managing third party capital upon MBO by its employees in October 2007. The firm currently manages a wide variety of strategies for investors. Company Foundation 2006 Singapore
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing Non financial services
Asia Children, youth Education and research Type: Charity without trading Phase: Pilot or start-up 500,000 100,000 3 Years Loan Grant Governance
153
Martin und Gerda Essl Sozialpreis gemeinntzige privatstiftung

Aufeldstrasse 17-23 3400 Klosterneuburg Austria Contact Tel Email Website Dr Michael Fembek +43 2243/410 9149 info@esslsozialpreis.at www.esslsozialpreis.org
OVERVIEW Mission In the foundation deeds are the following guiding principles: to support people in need, to advance the public awareness of the necessity to support those in need and to allow those people to receive the training they require. Foundation 2007 Klosterneuburg, Austria
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing Non financial services Examples of investment ADDITIONAL INFORMATION
Worldwide No focus Type: Social entrepreneurship Phase: Mature Approx. 3.3 million (2008-10) 1 million (Essl Social Prize) 1 - 3 years Guarantee Grant Strategy consulting Essl Social Prize (www.esslsocialprize.org)
Supporting Ashoka Globalizer and Ashoka in Austria and CEE Countries.
154
Media Development loan Fund

Salvatorska 10 110 00 Prague 1 Czech Republic Contact Tel Email Website Peter Whitehead +44 7793050670 peter.whitehead@mdlf.org www.mdlf.org
OVERVIEW Mission Media Development Loan Fund is a mission-driven investment fund for independent news outlets in countries with a history of media oppression. Charity / non profit 1995 Prague, Czech Republic and New York, United States
Worldwide Media Type: Social enterprise, independent news businesses Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up, mature 6.5 million (2009) 400,000 5-7 years Guarantee Loan Convertible loan Equity Strategy consulting Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication IT Legal advice HR management
Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing
155
Media Development loan Fund

INVESTMENT (continued) Examples of investment In Zimbabwe, MDLF provided financing and strategic advice to Alpha Media Holdings (AMH) to launch NewsDay, the countrys first independent daily in seven years. Since it appeared on the streets in June 2010, NewsDay has broken the governments monopoly of the daily press and has increased its print-run twice to meet the massive demand for independent information. With MDLF assistance, AMH was also able to open an independent printing press in Harare in October 2009. AMH is co-owned by Zimbabwean Trevor Ncube, deputy chairman of South Africas Mail & Guardian, a long-time MDLF client and the countrys leading investigative paper.
156
MVision private Equity advisers

Connaught House, 1-3 Mount Street London W1K 3NB United Kingdom Tel Email Website +44 207 491 8500 js@mvision.com www.mvision.com
OVERVIEW Presentation MVision Private Equity Advisers is widely recognised as the worlds leading independent international alternative assets placement and strategic advisory firm, focusing on Private Equity, Real Estate, Real Assets, Credit and direct transactions, in both the developed and emerging markets. Company 2001 London, United Kingdom International alternative assets placement and strategic advisors
Type of organisation Year of origin Headquarters location Activities INTEREST IN VP
MVision provides hands-on-support, advice and sponsorship to a number of academic institutions and Venture Capital associations including the Private Equity Institute at the London Business School, Cass Business School, INSEAD Business School, European Venture Capital Association (EVCA), Emerging Markets Private Equity Association (EMPEA), Australian Private Equity & Venture Capital Association (AVCAL) and the New Zealand Private Equity & Venture Capital Association (NZVCA). One of MVisions management team is the Chairman of the EVCA Working Group for Responsible Investment and instrumental in setting up a worldwide association for promotion of know-how on ESG issues for private equity. MVision professionals participate in our corporate programme, MPhil which supports individual staff philanthropic initiatives including supporting a number of local charities globally. ADDITIONAL INFORMATION MVision raises capital for and advise on a wide variety of alternative assets funds and investment strategies, including direct transactions and managed accounts, leveraging all resources for each client. MVision executes as one team - an industry-leading group of 50 professionals operating out of offices in London, New York and an associated consultancy office in Hong Kong, covering established and new institutional investors in North America, Europe, the Middle East, Asia, Australia and other markets. MVision has established a reputation for delivering the highest levels of strategic advice, private placement skills and professionalism, routinely exceeding the most demanding expectations of its clients worldwide.
157
natixis private Equity

5/7 rue de Monttessuy 75007 Paris France Contact Tel Email Website Xavier Thauron +33 158192221 xavier.thauron@natixis-pe.com www.natixis-pe.com
OVERVIEW Presentation Private Equity for small and medium sized companies in Europe, Asia & America. Natixis Private Equity operates in venture, growth capital and fund of funds through 15 dedicated investment teams based in Europe: France (Seventure, Ventech, Naxicap, Epf & Dahlia), Italy (Cape), Spain (MCH), Germany (Finatem), Holland (Holland Ventures), Poland (Krokus) but also in the US (Caspian); in Brasil; in China and India (Eagle). Company Fund Partnership 1984 Paris, France Private Equity
Year of origin Headquarters location Activities INVOLVEMENT IN VP
Natixis Private Equity has supported EVPA since 2006, and the Knowledge Centre since its creation in 2010. PhiTrust Partenaires: the only French Private Equity fund investing in companies with a wide social purpose, main Venture Philanthropy program of Natixis Private Equity (shareholder, member of the board and the investment committee, including expertise and involvement on a voluntary basis). ADDITIONAL INFORMATION Private Equity department of Natixis: French listed bank member of BPCE Group (Banques Populaires & Caisses dEpargne). Major Private Equity investor in French small & medium sized companies.
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new philanthropy capital

3 Downstream, 1 London Bridge London SE1 9BG United Kingdom Contact Tel Email Website Tris Lumley +44 207 77856300 tlumley@philanthropycapital.org www.philanthropycapital.org
OVERVIEW Mission New Philanthropy Capital (NPC) is a consultancy and think tank dedicated to helping funders and charities achieve a greater impact. NPC offers advice based on in-depth research of social issues and on its own unique method of analysing charities. NPC builds knowledge and tools to support charities and funders and encourage debate about what makes a charity effective and how to measure impact. NPCs mission is to put effectiveness at the heart of how all charities work and how all funders give. Changing more lives. Doing good, better. Charity / non profit 2001 London, United Kingdom
Performance measurement Strategy consulting Research Governance Marketing and communication Impact reporting Donors Foundation Social Purpose Organisations Government All human welfare sectors
Target audience
Sector focus
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the ntr Foundation

Burton Court, Burton Hall Drive, Sandyford Dublin 18 Republic of Ireland Contact Tel Email Website Tara Humphreys +353 1 206 3758 tara.humphreys@ntr-foundation.org www.ntr-foundation.org
OVERVIEW Mission The mission of the NTR Foundation is to address the challenges posed by climate change, resource sustainability and security of energy supply through the provision of targeted financial and expert support to entrepreneurial projects, research and non-governmental organisations. Foundation 2010 Dublin, Ireland
Ireland Africa Asia Latin America Education and research Environment Cleantech Energy Type: social enterprises Phase: mature or scaling up Size of endowment: 5 million cash plus 2.26 million NTR plc ordinary shares 3 years per investment for international projects Grants Marketing and communication
Sector focus
Target organisations Funding available Average duration of the VP support Types of financing Non financial services
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the ntr Foundation

ADDITIONAL INFORMATION There are three strands to the work of the NTR Foundation. Firstly, investment in international projects, secondly, investment in the communities of NTR Group businesses in Ireland and the US and thirdly, investment in policy and research. In terms of international projects, the NTR Foundation will invest in a small number of large multiannual international projects that involve both service provision and thought leadership. The NTR Foundation will seek to support existing work underway, either through strategic partnerships and/or directly into well-led organisations, which have a strong track record of success. The NTR Foundation is in the process of selecting an organisation working in the area of clean energy generation in the developing world, for its first international project investment. This process will be completed by February 2011, with funding beginning in March 2011. The NTR Foundation is also funding three projects under the Group Projects funding stream. The first investment supports the Social Entrepreneurs Ireland Awards programme, which provides support to high-potential, emerging social entrepreneurs. The second investment supports the launch and publication of the Carbon Disclosure Project Ireland Report 2010. The third investment is for the Hymany Way Cleanup Project, which will remove illegally dumped waste and clean up and sign post a new walking way in East Galway, Ireland. The NTR Foundation is also progressing the funding within the Policy and Research funding stream.
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oFi private Equity capital

12, rue Clement Marot 75008 Paris France Contact Tel Email Website Olivier Millet +33 (0)1 40 68 60 44 mjeammes@ofi-privateequity.fr www.ofi-pecapital.com
OVERVIEW Mission OFI Private Equity Capital is positioned on the buyout small cap market, primarily involving companies that have already gone through an initial structuring step during a primary buyout (the takeover then entails a secondary buyout) or an IPO (the takeover then entails a delisting, an operation referred to as Public to Private). Company 2000 Paris, France Private Equity
Type of organisation Year of origin Headquarters location Activities INTEREST IN VP
One of the founder of the Sustainable Development Club within AFIC. Realisation of a carbon footprint for OFI Private Equity management and its majority held companies . Setting up of a CSR Charter in 2009. ESG reporting (extra-financial performance indicators). Setting up of an external expert committee. ADDITIONAL INFORMATION OFI Private Equity Capital has a policy of long-term association with the management of the companies, who are also investing in their companies for the medium and long term. Its investment strategy focuses on investing in equity and mezzanine in secondary buy-out transactions of smallcapital French companies valued between 15 million and 75 million. Furthermore, OFI Private Equity Capital has been one of the first private equity firm to embrace ESG (Environment, Social & Governance) issues surrounding sustainable development in the investment strategy and in the development of its majority-held companies, to appoint a Director of sustainable development in 2008 and to adopt the UN PRI (Principles for Responsible Investment) in 2009.
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pantheon Ventures
Norfolk House 31 St Jamess Square London SW1Y 4JR United Kingdom Tel Website +44 20 7484 6200 www.pantheonventures.com
OVERVIEW Presentation Type of organisation Year of origin Headquarters location Activities ADDITIONAL INFORMATION Originally formed in 1982 as the private equity investment division of GT Management in London, Pantheons management acquired the private equity division in 1988 through a management buyout. Pantheon has 155 employees (as of October, 2010) with US$22.4 billion in assets under management (as of 30 June, 2010). The firm works to develop and implement private equity investment strategies for more than 300 institutional investors, including public and private pension plans, endowments, foundations and family offices. Affiliated Managers Group Inc., alongside senior members of the Pantheon team, acquired Pantheon in 2010. The new ownership structure, with Pantheon management owning a meaningful share of the equity in the business, provides a framework for long-term succession and enables Pantheon management to continue to direct the firms day-to-day operations. Pantheon is a leading global private equity primary and secondary fund of funds manager. Company 1982 London, United Kingdom Private Equity
163
partners in ideas Foundation

Tallinas St. 88-5 Riga, LV-1009 Latvia Contact Tel Email Website Dr. Atis Zakatistovs, Chair of Board +371 67 29 46 46 info@idejupartneri.lv www.idejupartneri.lv
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Latvia Children, youth Education and research Environment Type: Charity without trading, social enterprise Phase: various stages of development 20,000 in 2009 Size of endowment: approx. 16,000 Grant Strategy consulting Coaching, mentoring of the CEO or the management team Change management Operational management Fundraising or revenue strategy Networks Partners in Ideas Foundation (PIF) is an independent, private foundation in Latvia promoting philanthropy focused on long-term changes. Foundation 2006 Riga, Latvia
Target organisations Annual expenditure on VP Funding available Types of financing Non financial services
ADDITIONAL INFORMATION PIF supports social entrepreneurship start-ups, initiatives addressing the quality of education, and adequate employment opportunities for people with disabilities, strengthening NGO financial and organisational capacity through close partnerships with leading businesses and collaboration with the public sector. In 2009 PIF started a new initiative to set-up a pro-bono legal center. Although PIFs long-term ambition is to become a Venture Philanthropy fund, currently it acts more as an operational foundation, convening networks and garnering financial support for specific, longterm initiatives targeted at solving pressing social problems.
164
permira
80 Pall Mall London SW1Y 5ES United Kingdom Tel Contact Website +44 207 632 1115 Chris.davison@permira.com www.permira.com
OVERVIEW Mission Permira is a European private equity firm with global reach. The Permira funds, raised from pension funds and other institutions, make longterm investments in companies with the ambition of transforming their performance and driving sustainable growth. Partnership 1985 London, United Kingdom Private Equity
In June 2005, Permira and CAN (Community Action Network) launched Breakthrough I, a UK-based fund that was set up to provide strategic support and growth capital to social enterprises with the ambition and potential to significantly scale up their business and thereby maximise their social impact. Breakthrough II was launched in October 2007 and supports leading organisations such as Speaking Up and Teach First. In Germany, the Permira funds have invested in another such programme, ORK (Off Road Kids), which is seeking to increase its social impact by using private equity techniques to support and sustain growth.
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pontis Foundation
Grsslingov 59 811 09 Bratislava Slovakia Tel Email Website +421 2 5710 8111 pontis@pontisfoundation.sk www.pontisfoundation.sk
OVERVIEW Mission Pontis Foundation encourages and supports the development and long-term financial sustainability of Slovak non-profit organisations. It supports the development of corporate philanthropy and corporate social responsibility and provides consultancy for creating philanthropic strategies. The Foundation also contributes to the development of civil society in non-democratic and transition countries and supports the development of a foreign policy for Slovakia and the European Union that is based on values of democracy, respect for human rights and solidarity. Foundation 1997 Bratislava, Slovakia
Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Types of financing Non financial services
Slovakia No focus Type: Charity without trading, charity with trading Phase: Established but scaling up, mature Loan Grant Strategy consulting Operational management Financial management Marketing and communication
ADDITIONAL INFORMATION The philanthropic activities of corporations and individuals in Slovakia are recognised by the annual Via Bona Slovakia Award organised by the Foundation. It also coordinates the Business Leaders Forum an informal association of firms that commit themselves to enforce the principles of corporate social responsibility in Slovakia. It is the first Slovak foundation to launch a social venture fund to support non-profit organisations in Slovakia.
166
pricewaterhousecoopers S. r.l.
400 route dEsch BP 1443 L-1014 Luxembourg Contact Tel Website laurent.probst@lu.pwc.com +352 49 48 48 25 64 www.pwc.com/lu
OVERVIEW Mission PwC is one of the worlds largest providers of assurance, tax, and business consulting services. PwC believes that the best outcomes are achieved through close collaboration with clients and the many stakeholder communities they serve. Company 1849 Luxembourg Assurance, Tax, and Business Consulting Services
PwC Luxembourg is highly involved in international impact investing projects supported by an interdisciplinary team which gathers expertise in the areas of investment strategy, risk management, tax etc. PwC is also involved in projects with foundations for the development of agriculture and health related issues in developing countries.
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private Equity Foundation

2 Bath Place, Rivington Street London EC2A 3DB United Kingdom Contact Tel Email Website Julie Nesbitt +44 (0)207 749 5129 julie@privateequityfoundation.org www.privateequityfoundation.org
OVERVIEW Mission Empower young people to reach their full potential, enable charities to reach their full potential and help the private equity industry to reach its full potential. Company Charity / non profit Foundation 2006 London, United Kingdom
Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations Annual expenditure on VP VP average investment size Average duration of the VP support Types of financing Non financial services
Europe Children, youth Education and research Type: Charity without trading Phase: Established but scaling up 3.7 million (up to July 2009) 587,000 3 years Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication IT Legal advice HR management Networks
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prospectus
20-22 Stukeley Street London WC2B 5LR United Kingdom Contact Tel Emai Website Simon Butler, Client Service Director +44 (0) 20 7400 6375 simon.butler@prospect-us.co.uk www.prospect-us.co.uk
OVERVIEW Mission Prospectus has chosen to specialise in this sector for one reason the extraordinary people who work here. Prospectus understands their vision and values, and like them is committed to addressing the challenges that face the society. Prospectus does this by searching for candidates to help build successful organisations and by helping these candidates to build their careers in the process. Company 1956 London, United Kingdom
Type of organisation Year of origin Headquarters location SERVICES Types of services Target audience Geographical focus Sector focus
Recruitment Social Purpose Organisations England and Wales Children, youth Culture and recreation Development and housing Education and research Environment Health
ADDITIONAL INFORMATION Recruiting the right person to lead and manage an organisation is a real investment in its future success. Prospectus consultants have the experience, integrity and expertise to help organisations find skilled, inspiring leaders. Prospectus has successfully recruited a huge range of senior and executive level roles, building unrivalled specialist experience of the not for profit sector. Prospectus has built a reputation for outstanding quality and professionalism, based on attention to detail, rigorous candidate screening and a genuine understanding of what makes clients unique. Prospectus is able to offer a total recruitment solution, including full search and selection, candidate search and profiling, response handling, and bespoke recruitment advertising campaigns. For further information, please visit Prospectus website: www.prospect-us.co.uk.
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the rayne Foundation

33 Robert Adam Street London W1U 3HR United Kingdom Contact Tel Email Website Tim Joss +44 (0)20 7487 9650 info@raynefoundation.org.uk www.raynefoundation.org.uk
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Geographical focus Sector focus United Kingdom Children, youth Culture and recreation Development and housing Education and research Health Social services Type: Charity with trading Phase: Pilot or start-up, established but scaling up, mature Highly variable Size of endowment: 85 million Size of dedicated VP fund: variable 120,000 Grant Fundraising or revenue strategy Marketing and communication Networks The Foundations mission is to understand and engage with the needs of UK society and specifically social bridge building. Charity / non profit Foundation The Rayne Foundation: 1962 Venture Philanthropy division: 2005 London, United Kingdom
Target organisations Annual expenditure on VP Funding available VP average investment size Types of financing Non financial services
ADDITIONAL INFORMATION The Rayne Foundations starting point is often social need rather than a specific organisation. Current examples include: y Poor communication and understanding between religion and the media (start-up). y Low level of civil society activity in numeracy unlike literacy (pilots and start-up). y Choreographers not sufficiently engaged with social issues but with great potential (scaling up).
170
Salans
5 boulevard Malesherbe 75008 Paris France Contact Tel Email Website Pascal Chadenet, Sandra Hazan +33 1 42 68 48 88, +33 1 42 68 47 85 pchadenet@salans.com shazan@salans.com www.salans.com
OVERVIEW Presentation Salans is a leading international law firm of over 750 lawyers who serve their clients through offices located in leading financial and business centres in Western, Central and Eastern Europe, Russia and the CIS, Asia and North America. Its clients range from industrial and commercial companies, financial institutions, private funds, successful entrepreneurs, to governments and state-owned entities. Partnership 1978 Paris, France International Law Firm
Salans represents BAC (Business Angels des Cits), an investment fund and EVPA member which invests in companies created and managed by young entrepreneurs raised inthe suburbs of Paris and other French cities. Supported charities are: University of Sheffield, Naked Heart Foundation, Cosmetic Executive Women (Centres de Beaut), Unis-Cit.
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Scholten & Franssen consultancy BV

PO Box 59695 1040 LD Amsterdam The Netherlands Tel Email Website +31 6 17430741 peter@scholtenfranssen.nl www.scholtenfranssen.nl
OVERVIEW Mission Scholten & Franssen is an international consultancy that supports social entrepreneurship bridging the gap between non-profits and for-profits. It stimulates social entrepreneurship through consultancy and training. Company 2003 Amsterdam, The Netherlands
Investment strategy Performance measurement Strategy consulting Fundraising or revenue strategy Donors Foundation Funds Social Purpose Organisations Government Worlwide No focus
Target audience
The consultancys clients include major for-profits, smaller non-profits and investors and foundations, in Europe as well in developing countries. Peter Scholten is a specialist in the Social Return on Investment (SROI) methodology and has published three books on SROI. Together with his business partner Boris Franssen, he has published a Guidebook on Social Entrepreneurship (in Dutch and German). Peter is chair of EVPAs Social Impact and Performance Measurement Working Group. One of Scholten & Franssens activities is stimulating double-bottom-line investments by banks and funds. The consultancy encourages financial investors to invest in social businesses those with both clearly-stated financial and social objectives by balancing financial returns with high social returns. Through EVPA, Scholten & Franssen expects to stimulate this type of blended-value investing.
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Skoll centre for Social Entrepreneurship

Sad Business School, University of Oxford 1 Park End Street Oxford OX1 1HP United Kingdom Contact Tel Email Website Dr Alex Nicholls +44 1865 288838 Alex.Nicholls@sbs.ox.ac.u www.skollcentre.org
OVERVIEW Mission The Skoll Centre is a leading academic entity for the advancement of social entrepreneurship worldwide. It fosters innovative social transformation through education, research, and collaboration. We accomplish this by: y Developing Talent: offer world-class graduate education that provides students with the vision and skills to bring together market-based approaches and social innovation. y Advancing Research: generate research that contributes to the theory of social entrepreneurship and its practical applications to address critical global challenges whilst developing and supporting a network of academics and practitioners to disseminate this knowledge globally. y Creating a Collaborative Hub: connect social entrepreneurs with thought leaders and key players in business, government, and philanthropy to enhance social impact. Parent institution VP-related research centre, relevant Chairs Year of origin Headquarters location VP-RELATED ACTIVITIES Research Centres and Chairs The Skoll Centres research - drawing upon innovative, practical approaches implemented by social entrepreneurs focuses on social finance, measurement/impact, and networks. Much research looks at the social investment landscape, including venture philanthropy. The Skoll Centre delivers world-class graduate business education. One course explores social investment, and highlights venture philanthropy The Skoll Centre co-hosts the Skoll World Forum, connecting accomplished social entrepreneurs with partners and investors who are essential to advance their impact. Sad Business School, University of Oxford Skoll Centre for Social Entrepreneurship 2003 Oxford, United Kingdom
Teaching Events
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Social Entrepreneurs ireland

First Floor, The Warehouse, 35 Barrow Street Dublin 4 Ireland Contact Tel Email Website Claire Murphy +353 1 631 6200 info@socialentrepreneurs.ie www.socialentrepreneurs.ie
OVERVIEW Mission Social Entrepreneurs Ireland enables high potential social entrepreneurs to maximise their potential impact in addressing social issues across Ireland through a combination of directed support, developing their networks and celebration and communication of their achievements. Company Charity / non profit Fund 2004 Dublin, Ireland
Year of origin Headquarters location INVESTMENT Geographical focus Sector focus Target organisations
Ireland No focus Type: Charity without trading, charity with trading, social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up 750,000 Fund size: 750,000 130,000 Loan Equity Grant
Annual expenditure on VP Funding available VP average investment size Types of financing
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Social Entrepreneurs ireland

INVESTMENT (continued) Non financial services Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication IT Legal advice HR management Networks
ADDITIONAL INFORMATION Social Entrepreneurs Ireland works with these high potential social entrepreneurs to enable them to maximise their impact because it believes that they provide the creativity, innovation and dynamism required to develop highly innovative and effective solutions to some of societys most pressing needs. At the core of our activities is our Social Entrepreneurs Irelands activities in its Programme which provides financial investment and direct support to early stage social entrepreneurs through a four stage process: selection which identifies high potential social entrepreneurs; celebration which shares their stories with a wider audience; support which provides an investment package up to 130,000 and additional support to help them grow their organisations to deliver sustainable impact; and networking which helps them connect with the stakeholders that are going to be essential to their success.
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Social Evaluator BV
P O Box 10192 1001 ED Amsterdam The Netherlands Tel Email Website +31 6 31207090 info@socialevaluator.eu www.socialevaluator.eu
OVERVIEW Mission The mission of Social Evaluator is to stimulate and facilitate the process of measuring social value creation within organisations that aim to optimize social return of their projects. Company Social enterprise 2008 Amsterdam, The Netherlands
Performance measurement Research IT Donors Foundation Funds Social Purpose Organisations Government International, with a focus on Western Europe and North America No focus Application of social impact measurement in specific sectors
Target audience
Geographical focus Sector focus Research interests ADDITIONAL INFORMATION
Social Evaluator was established in 2008 as a social enterprise by two Dutch social investors and a leading SROI trainer. Social Evaluator supports organisations throughout the process of analysing and evaluating social impact. Social Evaluator offers training, on the job support and user-friendly online software to help its clients to embed social impact measurement in their organisation. The social e-valuator software is based on the SROI principles. Workflow and calculations are automated to help users focus on the process of preparing an SROI analysis and collecting the relevant data from the stakeholders involved. Implementing the software in the social impact measurement process saves time and improves the quality of decision making. Social Evaluator connects its clients to stimulate standardisation and learning, with the ultimate objective of helping them to improve their focus on social value creation.
176
towerBrook Foundation
Kinnaird House, 1 Pall Mall East London SW1Y 5AU United Kingdom Contact Tel Email Website Filippo Cardini +44 207 451 2020 filippo.cardini@towerbrook.com www.towerbrook.com/foundation
OVERVIEW Mission The TowerBrook Foundation is a charitable foundation that is funded from the profits of its business. It makes donations to charities that operate in its communities. The Foundation is an integral part of the identity and culture of the firm. It reinforces its ethos and furthers the values it seeks to promote within its business. Foundation London, United Kingdom
Type of organisation Headquarters location INVESTMENT Geographical focus Sector focus Target organisations
Western Europe Children, youth Education and research Type: Charity without trading Phase: Mature
ADDITIONAL INFORMATION The Towerbrook foundations goals are to give back to its communities, to invest in its culture and to build relationships with its management partners and portfolio companies.
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uBS
Philanthropy & Values-Based Investing Brengasse 16 8001 Zrich Switzerland Contact Tel Email Website Mario Marconi +41-44-234 89 91 mario.marconi@ubs.com www.ubs.com/philanthropy
ADDITIONAL INFORMATION As one of the first banks engaging in philanthropy, UBS commitment to this subject goes back many years. It is a commitment continually reaffirmed, reinforced and expanded. Building on our track record and experience, UBS has established a single, global team of over 30 experts offering a onestop professional approach to all aspects of philanthropy, strategic charitable giving and valuesbased investing. Philanthropy & Values-Based Investing delivers services within two distinct areas: Values-Based Investing Offers opportunities to leverage an investing style that considers criteria based on social and environmental values alongside financial returns, e.g. through active pursuit of investment opportunities in sectors and companies that can generate social and environmental impact as well as financial returns (impact investments), SRI thematic investments and SRI portfolio screening and portfolio management approaches. Philanthropy Philanthropy Services: provides strategic advice throughout all stages of the philanthropic lifecycle as well as access to cutting edge knowledge exchange platforms. UBS Optimus Foundation: offers UBS clients a broad range of options for becoming involved in efforts in the areas of childrens overall well-being and global health research.
UBS Optimus Foundation Values-Based Investments
Philanthropy Services
178
In v e stin g
G iv in g
university of cambridge
Department of Geography Downing Place Cambridge CB2 3EN United Kingdom Contact Tel Email Website Noah Isserman, Researcher, Consultant, PhD Candidate +44 1223 333 399 (Dept.) ni225@cam.ac.uk www.cam.ac.uk; www.geog.cam.ac.uk
OVERVIEW Presentation Cambridge is one of the worlds oldest universities and leading academic centres. The University comprises 31 Colleges and over 150 departments, faculties, schools and other institutions. The Department of Geography, a subject that has been taught at Cambridge for more than a century, has 35 academic staff, including influential economic geographers. University of Cambridge Noah Isserman, Department of Geography, Researcher, Consultant, PhD Candidate 1209 Cambridge, United Kingdom
Parent institution VP-related research centre, relevant Chairs Year of origin Headquarters location VP-RELATED ACTIVITIES Research Centres and Chairs Teaching
Hopefully to be created. Occasional discussion in courses and seminars in academic departments and the Judge Business School. Lecture in Master of Studies degree in Social Enterprise and Community Development.
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university of Warwick
Coventry CV4 7AL United Kingdom Contact Tel Email Website Mary McGrath +44 (0)24 7652 2661 mary.mcgrath@warwick.ac.uk www.warwick.ac.uk
OVERVIEW Presentation Warwick has attained the position of one of Britains leading universities in the short period since it was founded in 1965. The University is consistently rated in the top group for the high quality of its teaching and research. Warwick was the first research-led University to give priority to widening participation and to lifelong learning. 1965 Coventry, United Kingdom
Year of origin Headquarters location VP-RELATED ACTIVITIES Teaching
Andreas Rasche, Assistant Professor of Business in Society, Warwick Business School teaches corporate and social responsibility to business school undergraduates and the Masters in Management programme. Professor Andre Spicer, Industrial Relations and Organisational Behaviour Group, Warwick Business School.
ADDITIONAL INFORMATION The University cultivates close and productive links with its local and regional community and will continue to expand its work at an international level in both teaching and research. It has a strong tradition of working in collaboration with business and industry and playing an active role in economic regeneration. Finally, it recognizes that its futures success and direction will be dependent upon how it embraces and respond to new information and communication technologies.
180
unltd Ventures
123 Whitecross Street London EC1Y 8JJ United Kingdom Contact Tel Email Website Jonathan Jenkins and Jo Hill +44 207 566 1100 ventures@unltd.org.uk www.unltd.org.uk
OVERVIEW Mission Reach out and unleash the energies of people who can transform the world in which they live: people who it calls social entrepreneurs. It works for a world where people act to make it better. Charity / non profit Foundation 2002 London, United Kingdom
United Kingdom No focus Type: Charity without trading, charity with trading, social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up 5 million Size of endowment: 120 million 1 year Grant Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication Networks
Annual expenditure on VP Funding available Average duration of the VP support Types of financing Non financial services
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unltd Ventures
ADDITIONAL INFORMATION UnLtd Ventures is the in-house consultancy division of UnLtd. It provides business support to a number of outstanding social entrepreneurs, helping them to scale up or replicate their organisations or get investment ready via its UnLtd Advantage programme. Where appropriate UnLtd Ventures acts as a broker between its clients and providers of a range of different types of funding. UnLtd Ventures provides the support and tools that will help entrepreneurs to grow local initiatives into robust and financially sustainable organisations, through scaling or replicating geographically or reaching out to different groups in the community. UnLtd, the Foundation for Social Entrepreneurs, is a charity backed by a 100m endowment, which supports social entrepreneurs people with vision, drive, commitment and passion who want to change the world for the better. A complete package of funding and support is provided to help these individuals make their ideas a reality. UnLtd are the leading provider of support to UK social entrepreneurs and offer the largest such network in the world, resourcing over 1,000 individuals each year through its core Awards programme and supporting tens of thousands more via direct engagement and partnership awards initiatives.
182
Van leer Group Foundation

Van Heuven Goedhartlaan 119 The Netherlands Tel Email Website +31206453231 andre.betting@vanleergroupfoundation.nl www.vanleergroupfoundation.nl
OVERVIEW Mission Type of organisation Year of origin Headquarters location INVESTMENT Sector focus Target organisations Types of financing Children, youth Education and research Investments Mezzanine finance Equity Convertible grant Financial management Contribute to Early Childhood development and contribute to democratic homeland for Jewish people. Foundation 1956 Amstelveen, The Netherlands
183
Wellington partners
Theresienstrasse 6 80333 Munich Germany Tel Email Website +49 89 21 99 41 0 info@wellington-partners.com www.wellington-partners.com
OVERVIEW Mission Wellington Partners is a pan-European venture capital company with offices in London, Munich, Palo Alto and Zurich. Founded in 1998, it primarily invests in the areas of Life Sciences, Digital Media, Renewable Energy and Energy Efficiency industries. Company 1998 Munich, Germany Venture Capital
184
young Foundation launchpad

18 Victoria Park Square London, E2 9PF United Kingdom Tel Contact Website +65 6336 3825 stuart.thomason@youngfoundation.org www.youngfoundation.org
OVERVIEW Mission Launchpad at the Young Foundation develops promising ideas into new social ventures by providing funding, social capital and entrepreneurial expertise. Charity / non profit Foundation 2005 London, United Kingdom
Europe Children, youth Education and research Health Type: Social enterprise Phase: Social entrepreneur without formal organisation, pilot or startup, established but scaling up 2 years Loan, Equity, Grant Networks Strategy consulting Coaching, mentoring of the CEO or the management team Governance Change management Operational management Fundraising or revenue strategy Financial management Marketing and communication
Average duration of VP support Types of financing Non financial services
ADDITIONAL INFORMATION Launchpad at the Young Foundation selects ideas for their potential to achieve high social impact through a new innovative, scalable and sustainable venture - business, social enterprise, non-profit or public institution. It has two main social venture funds currently, Health Launchpad and Learning Launchpad. Part of the Young Foundation, its goal is to speed up societys ability to respond to changing needs. More information: www.youngfoundation.org
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EVPA HONORARY MEMBERS
European Foundation centre

Avenue de la Toison dOr 78 1060 Brussels Belgium Contact: TBC Tel +32 2 512 8938 Email efc@efc.be Website: www.efc.be The European Foundation Centre (EFC) is the leading membership association representing publicbenefit foundations at the European level. It was founded in 1989 and is based in Brussels. The EFC currently has 230 members including community and independent foundations as well as corporate funders spread across 40 countries. A large majority (89%) are based in Europe. The EFC develops and pursues activities in line with its objectives: Benchmarking and capacity-building - The EFC aims to set standards and build professional capacity in the sector through a wide range of benchmarking and training activities. All members undertake to respect the EFC Principles of Good Practice. Creating an enabling legal and fiscal environment - The EFC is leading the campaign for the creation of a European Foundation Statute, which would make it easier for foundations that wish to develop crossborder activities in the EU. Documenting the foundation landscape - To facilitate the sharing of knowledge and information, and raise awareness about the valuable work foundations are doing, the EFC produces numerous publications including Effect magazine (biannual) and the e-newsletter EFC Update. Networking and partnership building - The EFC promotes collaboration, both among foundations and between foundations and other actors, to advance the public good in Europe and beyond. The EFCs annual conference is the most important opportunity for professionals in the European foundation sector to meet each other and share ideas. EFC members have established a range of Interest Groups and Fora which facilitate cooperation and exchanges of good practice in various fields of activity including: diversity, migration and integration; human rights and disability; protecting the environment; HIV/AIDS; global health challenges; social investment; research; Central and Eastern Europe. The EFC hosts the secretariat of Donors and Foundations Networks in Europe (DAFNE), which supports cooperation among national networks which have been established in 21 European countries.
189
European private Equity & Venture capital association (EVca)

Bastion Tower Place du Champ de Mars 5 B-1050 Brussels Belgium Tel Mobile Web +32 2 290 02 30 +32 477 52 15 53 www.evca.eu
The European Private Equity and Venture Capital Association (EVCA) is a member-based, non-profit trade association and was established in 1983 and is based in Brussels. EVCA represents, promotes and protects the interests of the European private equity and venture capital industry. Its goal is to create a more favourable environment for equity investment and entrepreneurship. With over 1,200 members in Europe, EVCAs role includes representing the interests of the industry to regulators and standard setters; developing professional standards; providing industry research; professional development and forums, facilitating interaction between its members and key industry participants including institutional investors, entrepreneurs, policymakers and academics. EVCAs activities cover the whole range of private equity, from venture capital (seed, start-up and development capital), to buyouts and buyins.
190
Serge raicher
Chairman and co-founder of EVPA
After more than 20 years in the Private Equity industry, including at Pantheon Ventures where he worked as a Partner between 2000 and 2009, Serge Raicher decided to focus on his philanthropic activities and more particularly on the European Venture Philanthropy Association which he co-founded and has presided over since October 2008. Serge seats at the Venture Philanthropy Investment and Management committee of the King Baudouin Foundation in Brussels and is a member of Toolbox a.s.b.l. Serge holds a MBA from INSEAD. He is a French national who has lived in Brussels since 1996.
191
luciano Balbo
Co-founder and board member of EVPA
Luciano Balbo is an Italian private equity entrepreneur with over 20 years in the financial markets. He is the Founder and Chairman of Fondazione Oltre, the first Italian venture philanthropy foundation, located in Milan. Since 2003, Fondazione Oltre has developed a thorough knowledge of the social sector in Italy. In 2006 he raised an innovative Social Investment Fund - Oltre Venture. The fundinvests exclusively in social enterprises that serve the middle and lower classes needs, and present credible models of sustainability, aiming to realize long-term investments for the benefit of the community.
192
Stephen Dawson
Co-founder of EVPA
Stephen Dawson was one of the first venture capitalists in the UK. He has been involved for 25 years with ECI, which specialises in mid-market buy-outs; he is now non-executive Chairman. Stephen has been a non-executive director of six companies which achieved a stock market quotation, including Guardian iT, ECIs most successful investment, and Ovum PLC, where he was Chairman. He was named Personality of the Year at the Private Equity Awards in April 2007. Stephen is co-founder and former chairman of Impetus Trust, which has pioneered venture philanthropy in the UK. Impetus was the winner of the grantmaking category at the UK Charity Awards 2008. He is a founder trustee of the European Venture Philanthropy Association and a co-founder and Chairman of Jacana Venture Partnership, which is tackling poverty in Africa through investment in small growth businesses. He was awarded an OBE (Officer in The Most Excellent Order of the British Empire) in June 2010.
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Michiel de haan
Co-founder of EVPA
Michiel de Haan has been active in venture capital since 1980 when he founded Atlas Venture, a European-American venture capital firm that has been involved in more than 300 venture backed companies. Currently he is General Partner of Aescap Venture, which he founded in 2005. Aescap invests in emerging Life Science companies in Europe Michiel is past chairman of the European Venture Capital Association (EVCA) and co-founder of the European Venture Philanthropy Association.
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Doug Miller
Co-founder and former Chairman of EVPA
Doug Miller is an American, born in Kansas, but has lived the last 30 years in London. He has been active in the finance industry for over 35 years with senior positions in commercial lending, international leasing, investment banking and private equity. For the last 20 years, he has run his own company, International Private Equity Limited, which specialises in raising capital from institutional investors for private equity funds. He has advised on 24 funds, raising over US$ 6.5 billion. Dougs charitable activities prior to EVPA have focused on international development projects, mine-clearing projects in Vietnam, Laos, Sri Lanka and minority education projects in the US and recently in England. He was also a founding trustee of Impetus Trust in the UK. Doug is presently doing initial work on launching the AVPN which will be a sister organisation to EVPA.
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David carrington
19 Chelsea Park Gardens London SW3 6AF United Kingdom Tel Email Web +44 20 7351 0670 davidcarrington@btopenworld.com www.davidcarrington.net
David is an independent consultant working on the promotion of personal philanthropy and social investment and also on the funding and governance of charities and social enterprises. His clients have included many endowed, corporate and family foundations, private banks and wealth advisers, the first venture philanthropy pooled fund in the UK, the European Foundation Centre and the UK Government. He is a member of the Supervisory Board of the Triodos Bank in the Netherlands and has a charity governance training joint venture (On Board) with the UKs leading charity law firm. David also works as a mentor/adviser for senior staff of several charities. His many lectures have included several that are relevant to venture philanthropy). He has been Chief Executive of three UK foundations including The Baring Foundation (1992-1998). He is a founding Director of the charitable company that publishes the global journal on philanthropy and social investment, Alliance and is a member of the Advisory Board of the Centre for Effective Philanthropy in the USA. Until this year, he has been chair of the editorial group of the Philanthropy UK e-newsletter and a member of the Social Investment Task Force in the UK.
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FULL MEMBER CASE STUDIES
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arK
the aiDS care team
The HIV/AIDS pandemic is decimating sub-Saharan Africa. In South Africa 1,000 people die every day due to HIV/AIDS, 20 per cent of children are expected to lose a parent by 2012, and five million people 18 per cent of the adult population are infected with HIV/AIDS. Mozambique has one of the highest HIV/AIDS prevalence rates in the world. The health system is desperately under-resourced: there are only 650 local doctors for a population of 20 million. Only 24 per cent of people have access to Antiretroviral Therapy (ART). ARKs vision is to work towards an AIDS-free generation where children are not born with HIV and where HIV+ parents are well enough to look after their children. By far the most significant problem at local primary clinics is a shortage of qualified personnel to take on the additional highly-complex workload of providing and supporting antiretroviral therapy (ART). ARKs solution is to undertake the rapid recruitment and training of clinicians to establish SWAT (Swift Antiretroviral Treatment) teams. A gap analysis is conducted in each clinic and SWAT teams are put together to meet their own specific requirements. SWAT teams are made up of any combination of doctor, pharmacist, pharmacy assistant, nurse, nursing assistant and data capturer, depending on the need of the clinic to provide the extra service of an ART programme. As well as employing SWAT teams, ARK employs teams of community-based health workers (Patient Advocates) at each clinic. Patient Advocates support patients with home visits between their clinical visits to provide advice, care and support and have a dramatic impact on adherence and thus success of treatment. In order to not draw staff out of the public health system (and thus further reduce its capacity), ARK will only accept applications from individuals in the private sector or from retired clinicians. When a SWAT team has been successfully in operation for three years, the provincial government takes over the capacity ARK has built by employing the SWAT team directly. This allows ARK to exit and channel its funding to new clinics, whilst ensuring the sustainability of the service it established. ARKs sustainable and replicable system saves lives and builds the capacities of communities to obtain and stay on treatment. In townships and villages of South Africa, AIDS affects over 20 per cent of young families. Every year over 60,000 babies are born with HIV and most die before their second birthday. The transmission of HIV from mother to child can be dramatically reduced with the right care. ARK has launched a programme focussing on the Prevention of Mother to Child Transmission (PMTCT) of the HIV virus to address the key gaps in PMTCT delivery; improve HIV testing uptake by mothers and provide a comprehensive, holistic package of care to HIV+ mothers and their infants. The programme is working to reduce the transmission rate to less than 5 per cent and treat a further 2,600 mother-baby pairs by 2011.
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BonVenture Management Gmbh

Germany: DialogMuseum Gmbh
The DialogMuseum GmbH (the Dialogue Museum) was launched in Frankfurt, Germany, in 2005. This model project promotes the integration of the visually handicapped in the world of work, while also opening up new perspectives for sighted people. The exhibition is kept in complete darkness sighted people, now blind, are led through it by blind or visually handicapped guides. In this way, the handicapped can develop their skills in a work environment, while sighted people have the opportunity to sharpen their senses and swap roles. Visitors can also test their communicative competence by trying their hand at the games in the Casino for Communication. The venture is expected to generate an annual income of about 500,000 and 50,000 to 80,000 visitors each year. DialogMuseum GmbH was granted a loan for bringing the internationally-successful concept of Dialogue in the Dark to Frankfurt. This start-up loan also covered the equity capital needed to found a limited company. The company is progressing as planned. In the next four years the loan will be paid back out of surpluses. BonVenture has invested in the Dialogue Museum because the founders are highly professional and the concept itself promises to be an effective way to promote the long-term integration of handicapped people into the workplace.
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Breakthrough
Speaking up
In 2008, Breakthrough invested in Speaking Up, a social enterprise providing advocacy services for people with disabilities. The investment was to support and fund its regional expansion plans. In April 2010 Speaking Up merged with another provider of advocacy services Advocacy Partners to become one of the largest providers in the UK. Breakthrough played a critical role in the merger, including: y Funding merger feasibility study y Mobilizing specialist merger advice y Governance expertise y Scoping 100-day plan y Continuing post-merger Chief Executive mentoring y Specialist mentoring and operational support to management team A reinvestment in Advocacy Partners Speaking Up supports a new programme to increase quality and productivity in service delivery. Jonathan Senke, Chief Executive of Advocacy Partners Speaking Up, says: [A] merger can be a complex and time-consuming process for any organisation. The expertise and support provided by Breakthrough has meant that we have been able to keep entirely focused on the people who use our services and on our service provision, while developing our new organisation. Now that we are over 100 days, we are developing new quality standards and investing in new ways of working to ensure that we provide the best services to people who need them and remain the sectors leading provider. The investment from Breakthrough will, once more, ensure that the voices of some of the most vulnerable people in society are heard and respected.
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caF Venturesome
Beat
Beat is the UKs leading charity supporting people affected by eating disorders and campaigning on their behalf. Beat provide helplines and a self-help network across the UK for sufferers to talk about their experiences. They also work with professionals in the education and healthcare sectors to build their understanding of eating disorders.
Venturesomes help
Although Beats fundraising pipeline suggested it would meet its budget for the year, there was little certainty about the timing of income. Venturesome provided a 60,000 standby, meaning a line of credit available to borrow if needed. The security of the safety net offered enabled Beat to proceed with confidence, and avoided the charity having to cut costs, which would have had a negative impact on service levels and Beats future growth plans.
From stability to growth

Having stabilised core funding, Beat later identified the opportunity to develop on-mission trading activities. Beat could not afford to risk its reserves to develop these activities. Venturesome provided a 100,000 unsecured loan to help the charity make the required investment to proceed with its plans, to be repaid over three years. The charity has since established a strong and diverse funding base, enabling it to work with 140,000 people a year, a fourfold increase since 2005 when Beat was firstin touch with Venturesome.
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canopus
Brazil: the Quiron project
An initiative of the Institute for the Development of Natural Energy and Sustainability (IDEAAS) in Brazil and the Horus Institute, the Quiron Project, which began in 2002, combines income generation in rural areas with sustainable development, improvement of the quality of life quality and landscape, and environmental conservation. The projects components include: y use of renewable energy; y use of native species for purposes such as firewood and wood to use as shelter for cattle and windbreaks. y restoration of degraded areas and environmental conservation; y management of natural grasslands for cattle breeding. CANOPUS has donated social venture capital to the project, as well as providing business development assistance (for instance, senior staff support to achieve objectives, help identify investors and partners for the project to finance the business plan and the project implementation, help promote and market the project and its results throughout the European Community, and provide logistical support for IDEAAS regarding investors and suppliers).
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Global alliance for improved nutrition: reducing maternal and child under-nutrition
Through this initiative, CIFF aims to provide a market-based solution to dramatically reduce malnutrition in children and pregnant women. The Global Challenge Across the globe, 3.5 million children die every year as a result of malnutrition. Facts: y malnutrition is the primary cause of disease in children under 5; y more than 1.1 million annual deaths of children under the age of five are the result of vitamin A and zinc deficiencies; y stunting and iron deficiency anaemia account for over 20% of maternal mortality. CIFFs Investment for Children The aim of this initiative is to reach more than 1 billion people with adequate nutrition, through fortification of the most commonly-consumed foods, to prevent the deaths of more than 55,000 children and 3,500 pregnant women annually. The Global Alliance for Improved Nutrition (GAIN) is working to bring high-quality, fortified products to those across the globe most vulnerable to malnutrition. Working with the public and private sectors, this initiative will fortify the basic food products with vitamin A, zinc, iron and folic acid consumed by 80% of the population in 22 countries. As part of this programme, GAIN will also test strategies in several countries, to target and expand the reach of fortification to populations most vulnerable to malnutrition. The initiative is particularly promising because it does not require behaviour change by the consumer and the benefits can be sustained by the markets and regulation. CIFF is funding this programme in partnership with the Bill and Melinda Gates Foundation, and is committed to spending $50 million over the life span of the programme. Impact The initiative was modelled after pilot programmes in South Africa and China. In South Africa, neural tube defects fell by 30% after folic acid was added to maize meal and wheat flour. In China, fortification of soy sauce with iron resulted in a 33% reduction in anaemia incidences. Though it is too early to see results, the GAIN initiative is expected to demonstrate a reduction in maternal and child morbidity, disability and mortality associated with micronutrient deficiencies, and to enhance productivity of women and children suffering from impaired physical activity due to iron deficiency.
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d.o.b foundation
BaSE technologies
Problem: 85% of the Ugandan population (27 million people), about 5 million households, have no access to electricity and healthy and safe lighting; Solution: distribution of 200.000 lamps that will impact the lives of a million people; Social impact: household income increase due to saving on kerosene expenses, level of childrens education, productivity and health; Involvement d.o.b foundation: US$350.000, loan for 3 years at 10%. BASE Technologies (Uganda) Ltd. is a Ugandan social enterprise that focuses on the distribution of affordable technological quality products, developed especially for the needs of people living at the base of the economic pyramid earning less than $4,- a day. Hence, the company names etymology. d.o.b foundation supports BASEs aim and efforts to make solar light available to a million people by 2011. The solar lamps are to replace the dangerous, unhealthy and expensive kerosene lamps that are now used by 90% of the Ugandan population. The approach is to sell 200.000 lighting products through their network of NGOs, retailers and microfranchises. There are six products, varying from a single desk lamp/mobile phone charger; a home lighting system consisting of four larger lamps, a radio and charger; to the largest product: a village lighting system, which will be the next product to be released by BASE.
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the Eh Foundation
healthpoint Services Global
As an example of the type of enterprise that the EHF seeks to support, we are pleased to provide details of our investment in Healthpoint Services Global. Founded by an accomplished serial entrepreneur, Dr. Al Hammond, Healthpoint is a hybrid healthcare organisation that provides tele-medical consultation with physicians, a wide range of advanced diagnostics, a licensed pharmacy and clean drinking water in rural India. Healthpoint is a business which is subject to all the financial metrics and rigors of any other enterprise aiming to deliver a financial return for its shareholders, but which also aims to generate a human benefit for the communities in which it operates. Three Healthpoint units have been in operation since October 2009 with four additional units opening by the end of the year. Healthpoint directly addresses the life-threatening challenges faced by rural villagers. Prior to Healthpoints entry into the market these rural citizens had no choice of reliable sources for clean drinking water and quality medical care. The only options available were poorly trained doctors and there was a lack of approved medicines. As a result, these conditions led to more than one million child deaths per year from untreated diarrhea, inaccessible or unaffordable healthcare, and tens of millions of unvaccinated children. Now, rural Indians within range of a Healthpoint clinic, are able to pay an affordable price for clean water, medical diagnostics and approved pharmaceuticals. Clean water alone contributes to a higher standard of health in the village, as does quick and reliable treatment, which reduces overall time missed at work or school. As a profit making business, Healthpoint is able to provide a quality of care above and beyond other local alternatives. The business is anchored in the village and incentivized to keep its costs low for its customers. Healthpoint is constantly streamlining its business model using effective and sustainable technologies to refine diagnostic capabilities and pharmaceutical distributions. Healthpoint also employs locals in each clinic, helping to contribute to the overall economic prosperity of the village.
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Ferd Social Entrepreneurs

unicuS UNICUS employs individuals with autism, and undertakes assignments for client companies in areas where its employees have particular skills as a result of their autism. Its main area of activity is currently testing IT systems. UNICUS uses the employees strengths, interests and expertise to fill unsatisfied needs within society and businesses at market rates. The company aims to create both social return and a commercial return on equity for the benefit of shareholders, society, and not least its employees, who may have difficulty finding employment in the regular labour market, despite their high level of expertise. Ferd Social Entrepreneurs supports UNICUS with 150,000 over three years. new page New Page is a non-profit foundation that provides individual support for vulnerable young people. The members of the New Page team act as role models, mentors and bridge builders in young peoples own spaces such as leisure, school and home. Through shared goals, motivation, guidance, activities that promote personal skills and boundless care, the interaction promotes the young persons development, with lasting change as its objective. New Page sells its services to the child welfare authorities, and also offers lectures, workshops and external supervision. Ferd Social Entrepreneurs supports New Page with mentoring of the management team, a member of the Board from the Ferd Group, and 625,000 over three years.
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Fondation Demeter
GEnEra (argentina / peru)
1.6 billion people worldwide lack access to electricity and other forms of modern energy, especially in rural areas. New solar energy technologies and microfinance experience can be important contributors to electrifying such regions. Since 2004 Emprenda (a leading Argentinean Microfinance Institution) has been pioneering the provision of solar systems to poor rural households in the northwest of Argentina. Combining solar energy and microfinance, over 1,200 solar systems have been installed and financed by Emprenda in an environment presenting very unfavorable operating conditions. Emprenda has now reached 6 out of 10 households in its area of influence. These years of experience have yielded amongst others, 3 key lessons: y impact: solar energy is an effective tool for the reduction of poverty and vulnerability in rural areas. y Demand: there is a very large demand for electricity amongst rural families, which is most efficiently served by solar energy. y Sustainability: put together, high demand and market penetration, and good repayment rates, make the provision of solar energy a viable social business opportunity. Since 2008, Emprenda has been a partner of Grupo ACP from Peru (www.grupoacp.com.pe), a leading player in microfinance and social ventures in Latin America for the past 40 years. This alliance gives Emprenda a strong platform from which to work on expanding its solar energy product regionally. Emprendas experience is the starting point for creating a new business model, that can take advantage of new technologies in renewable energies and can create the last mile channels by which these solutions can reach rural households. GEnEra is the brand under which Emprenda is developing the business models that could expand the outreach of solar energy to rural areas of Latin America. Pursuing this objective, in April 2010 GENERA started operations in a second country: Peru.
impact
A solar system impacts the life of a poor rural family in 3 main aspects: y Quality of life improvement: better quality of light, no risk of fire as with gas and kerosene, no hazard for human health, less pollution than with batteries, less risks from avoiding snake bites to being able to make an emergency call from a mobile phone). y Income / savings: a rural household can actually save money over time by using a solar system, compared to its previous expenditure on gas, kerosene and batteries equivalent a total of U$S 2,400. y Opportunities as rural homes need electricity to power electronic devices as much as it is needed in urban areas: radio, cell phone, internet access, TV, productive devices, home devices.
Demeters involvement with GEnEra

Demeter has been involved with Emprenda since 2003, then a young MFI, and through several areas of contribution: y A soft interest-free loan was provided to enable the loan portfolio to grow at a time when the NGO was still not eligible for commercial funding. The loan was later cancelled as the NGO transformed into a for-profit company and developed a more commercially oriented funding strategy. y A representative of Demeter was part of the Consultative Board established to help the founders of the MFI in their consolidation and growth strategy untill the partnership with Grupo ACP in 2008. y A new Consultative Board has been set up to assist in the development of the GENERA brand and project, and a representative of Demeter is a part of it for mentoring and networking purposes.
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the Scuola oliver twist project in partnership with cometa and the region of lombardy
The Scuola Oliver Twist project addresses around 250 children from 14 to 18 to whom the conventional education system has been unable to offer suitable vocational training. Students of the school comprise children with a middle-school leaving certificate who wish to continue their education through vocational training, and minors whose right to education is not being met or unaccompanied foreign minors. The project seeks to meet the challenge of setting up a school where accommodation, education and vocational training are inextricably linked and where students can continue their education and also acquire the vocational skills to facilitate subsequent employment. The project is particularly effective in case where drop-out from school or learning difficulties are caused by personal, family and social disadvantages. The school offers students high-level training courses and a stimulating, interactive educational environment, combining educational activities with specialist support, including educational counselling, social assistance, mutual family aid, sports activities, tutoring and opportunities for participation of their families. Training and growth opportunities are embodied in proposals that give due consideration to relationships, emotional, cognitive and behavioural aspects in order to construct a personal professional path tailored to each students characteristics, aptitudes and lifestyle and in which it will be possible to combine education with a suitable level of technical training. the three modules As not all students learn in the same way, the school proposes three training modules: y a three-year course for catering sector for students between 14 and 17 with a middle-school leaving certificate; y a three-year course for the textile sector for students between 14 and 17 with a middle-school leaving certificate; y courses intended to prevent drop-out (Liceo del Lavoro). These are intended for minors who are already following various educational paths but who, for various reasons, are considered to be potential or are actual drop-outs. Each training project is unique and personalised in order to meet each students specific characteristics, needs, expectations and desires. All three modules envisage a significant number of hours of work placement, thereby alternating hours of classroom teaching with hands-on experience in the workplace.
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Fondazione paideia
listening to children: a journey through their well-being, problems and needs
A Community Participation Project The Community Participation Project is a multi-year programme that was created by the Paideia Foundation to find an effective and innovative instrument to respond to the needs and demands of a community and to propose specific strategies of prevention and support for children and their families through the spectrum of childrearing to the well-being of the entire family. The towns that were chosen for the first project (2006-2010) were Moncalieri, Trofarello and La Loggia, which are located around Torino. A second Community Participation Project (20082012) is starting in the 25 towns which are part of Chieri district, Torino The Projects two main goals are; y improving the global conditions in the lives of children through the development of indirect and direct action; y creating and strengthening the active involvement of the local community around themes related to children. Project Development Phase 1: Research work Phase 2: Selection of project ideas Phase 3: Development of project: financing, monitoring and evaluating programme The research work includes individual interviews and focus groups (with parents of children from 8 to 13, and those working with children in that age group including pediatricians, social workers and priests from local churches) and questionnaires. The study also records the childrens perceptions of their well-being and problems. Based on the research results, Paideia selects projects on child welfare and provides them with financial and strategic support: in Moncalieri, Trofarello and La Loggia there are three projects in the start-up phase. Cooperation and the participation of the community are distinctive characteristics of this type of methodology. One of the main focuses is the collaboration with public institutions and the active involvement of community organisations and private groups, as well as ongoing contact with the local media. The community is an unique and indispensable partner in determining the best strategies and actions to improve the conditions in childrens lives. In the Community Participation Project the different phases are profoundly connected: the approach uses instruments and strategies which empower the local actors throughout the entire process. See also: Maurizio R., Salvadori G., La citt che ascolta i bambini Moncalieri, Trofarello, La Loggia: desideri, paure e attese dellinfanzia, Fondazione Paideia, Torino 2007 (available on the website www. fondazionepaideia.it )
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helping hand Some years ago we used to organise a social entrepreneurship competition to introduce us to promising social enterprises, but we struggled to find the internal resources for the event organisation and logistics. To solve this problem and find excellent start-ups for our support portfolio, we created a special award for social enterprises in the frame of the popular Estonian youth entrepreneurship contest Brain-hunt. Now, the cooperation with Brain-hunt team saves us many resources, as they get extensive media coverage and provide high-quality trainings for their finalists. We awarded last years prize to a non-profit organisation Helping Hand. Its mission is to increase the employment of disabled people in Estonia. The organisation not only provides workforce to other companies but also creates jobs proactively, using a social entrepreneurship model. Helping Hand takes action in the following areas: telemarketing, accounting, computer software development as well as hardware-related services. The support by Good Deed Foundation was crucial for the team of Helping Hand to develop its idea from classical non-profit-model to a social entreprise. Having started their activities only in June 2010, their forecast for the year 2010 is to provide employment for 60-70 disabled persons. Helping Hand provides its services around Estonia and its clients include both big corporations as well as SMEs. In autumn 2010, they expect to start co-operation with Estonian Unemployment Insurance Fund. Its example will provide inspiration for other young entrepreneurs to apply for our support in the years to come.
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impetus trust
leap confronting conflict
In 2004, Leap was achieving impressive results in its conflict-resolution work with young people. However, it lacked the clear strategy needed to make the next step and become a national player. With the support of Impetus, in only four years Leap has grown phenomenally, and is now recognised as the leading youth conflict resolution charity in the country.
Leap had been in existence for around 15 years when its new chief executive Jenny Rogers came to Impetus in 2004. The charity had seen demand grow steadily for its pioneering work in conflict resolution, and Jenny believed there was much room for growth. However, she also recognised that Leap would need support if it were to become a national player. During the due diligence process it became apparent that although Leap had a fantastic model, it did not have a clear strategy. Impetus corporate partner OC&C Strategy Consultants, which undertook the due diligence, summed up the problem: Leap gets 100% positive feedback, but the offering is so complex that no-one can describe what Leap does in less than 45 minutes! The OC&C team reviewed Leaps work and made a number of recommendations, which included restructuring management, adding a few key posts and building a formal codification of the knowledge and curriculum. In early 2005, with Leaps strategy devised, Impetus formally partnered with Leap. The support package consisted of 285,000 of Impetus funding (which it leveraged with co-investment of 260,000). Over the course of the investment, the Impetus Investment Director provided hands-on management support and also facilitated the deployment of Impetus expert volunteers on 12 specific projects, which covered strategic, organisational and operational issues. As a result of the Impetus investment, Leap has fully lived up to its promise and its name and surged forward on all fronts. Income has increased more than threefold and more importantly it is now able to help many more young people. In addition, Leap has developed its first regional base in Yorkshire and The Humber and it has developed its courses and qualifications with the Leap Academy, Leaps landmark initiative to create much needed formal Youth and Conflict Qualifications, seminars, publications and training courses for professionals. Leap has continued to focus on maintaining its research base and intellectual property in order to remain a leader in its field. With a clear strategy, more assured funding, motivated management team and compelling, distinctive programmes, Leap enters the next phase of its growth with confidence. As an organisation, were on a different planet now than we were at the beginning of this relationship.
Jenny Rogers, Chief Executive, Leap
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inspiring Scotland
14:19 Fund Focus 14 to 19 year old Scots struggling to make a successful transition from school into education, training or employment and the next stage of their lives. Aim Over an investment period of 10 years, to support 56,000 young Scots to take positive steps towards education, training or employment. Impact y 6.2 million invested in ventures in 2009; 3.7million invested in six months to June 2010. y 4 million additional income leveraged by ventures in 2009; 3.1 million additional income leveraged in six months to June 2010. y Over 3,300 young people actively engaged in venture services in 2009; over 3,100 young people actively engaged in six months to June 2010. y Over 2,300 tangible qualifications and achievements attained by young people in 2009; over 3,100 tangible qualifications and achievements attained in six months to June 2010. y Almost 1,000 young people achieved positive destinations of education, training or employment in 2009; over 1,300 achieved positive destinations in six months to June 2010. y Inspiring Scotland provides non-financial support in the form of performance advisors, business mentors and pro bono professional services. Capacity building resources are allocated based on ventures needs, including governance support, business planning, business mentoring, marketing, communications and organisational development.
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invest for children

Spain: project Savings plan
This year, Invest for children (i4c) offered five more savings plans for life to the best five employees with Down Syndrome who work for independent companies. The aim is to help the integration of these employees and to increase their motivation and self-esteem. Invest for children has chosen Foundation Projecte Aura to implement this project because Projecte Aura, which uses the Supported Employment methodology, provides a personalised service to over 100 people with Down Syndrome to help their integration into the workplace. To date, 20 workers have benefited from this initiative, having invested a total of 720,000 Euros.
Spain: project habitat

Habitat is a project that began in 2002 and offers the possibility for youth with Down Syndrome (and other learning disorders) to live with University students for a 3-month period. i4c has undertaken to pay the rent of Habitats apartment for one year.
italy: project ospedale pediatrico Gaslini

Invest for children has provided the Childrens Hospital Gaslini in Genova with the necessary resources to acquire new equipment essential for the correct functioning of the Hospital. At the Hospital Gaslini there are all pediatric specialties, 15 scientific laboratories, professorships, 500 beds with approximately 24,000 patients admissions per year, of which 50% are from other Italian regions and abroad. Almost seventy-five years since its founding, the Hospital is an international reality and looks to its renewal and expansion that allows it to maintain its ability to attract patients and to support research. Recently the Hospital has received the coveted accreditation standards of excellence based on the Joint Commission International, which aims to improve continuity of care and is supported by qualified and excellent research.
haiti: help to earthquake victims

Invest for children donated N.P.H. Italia/ Francesca Rava 75,000 euros raised to help the victims of the earthquake that affected Haiti in January 2010. This foundation manages a childrens hospital there. The donation will serve to attend urgencies, send more doctors, and repair the damage to the hospital.
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Bridge international academies (Bia) - Kenya
Situation: Across Africa, formal basic education is regarded as a critical component of any strategy aimed at tackling the wide-spread poverty amongst millions of the poorest families. However, 30 percent of the worlds total primary school-age children who are not in school live in Sub-Saharan Africa. Acute teacher shortages, limited physical infrastructure, ineffective teaching methods and the lack of accountability put a severe strain on many state run primary schools thereby hindering quality service delivery. Solution: BIA has developed a comprehensively researched build-and-operate template designed to efficiently set up, run, grow and replicate quality low-cost primary schools specifically targeted at lowincome/ poor families inhabiting the sprawling slums across Africa. The BIA model includes quality basic education at affordable fees (4 US dollars per child / month) to children from very poor families - who currently have limited access to good formal education opportunities. LGT Venture Philanthropys engagement: LGT Venture Philanthropy is engaged with an equity investment of 200 000 US dollars, and provides BIA with ongoing mentoring support and access to its network. BIA is part of LGT Venture Philanthropys iCats Programme, a program that matches business professionals with temporary positions in our portfolio organisations, thus channeling necessary knowhow into the organisations.
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nESst Europa
hungary: Kek Madar
Hungarian civil society organisation Kek Madar Foundation is committed to creating economic and educational opportunities for people with intellectual and physical disabilities. It provides them temporary employment and job training in order to help them to transition to full-time employment and independent lives. Kek Madars social enterprise is a family-friendly restaurant, called Izlel (Tidbit), which offers training and employment for people with disabilities, while at the same time providing a nutritious dining alternative. After having completed the training and worked at the restaurant, beneficiaries are then equipped to go on to find employment in the open job market, which enhances their integration into society. Revenues from the restaurant are reinvested into the foundation to improve its financial sustainability. Kek Madar has been part of the NESsT Venture Fund portfolio since 2007. NESsT has invested capacitybuilding support valued at US$30,000 to Kek Madar for planning and launching the restaurant. It has also provided US$65,000 in direct financial capital, and recently granted a US$55,000 loan to be used for the expansion of the business. Through technical assistance, NESsT helped Kek Madar with the development and implementation of the business plan, a marketing and communication strategy and fundraising plan, taking into account the subsidy needs of the enterprise. As part of its later stage support, NESsT assisted the foundation with the improvement of enterprise operations, focusing on quality and cost effectiveness, revamping the foundations administration systems, and drawing up a fair and predictable remuneration and bonus system. zlel has shown impressive results exceeding both financial and mission impact goals: revenues have increased sevenfold since the opening; Izlel now accounts for 12 percent of Kk Madrs annual revenues; sales increased from 40 to 104 portions per day and the restaurant has placed seven beneficiaries on the open job market while still employing eight. Upon seeing the satisfaction of the restaurants clientele, Kk Madr identified additional market demand and undertook an extensive business analysis for the expansion of its social enterprise and set about raising funds to expand the restaurant by purchasing and refurbishing a neighbouring building. Based on its exceptional performance and its convincing business plan, NESsT chose Kk Madr as the first borrower in its Social Enterprise Loan Fund. In 2010, NESsT provided a loan in the amount of US$ 55,000 to be repaid in six years at very favorable conditions. The expansion builds on strong market demand and past performance and projects increased social impact by training and employing 17 additional beneficiaries and training its full staff in advanced restaurant and catering skills. Kk Madrs social enterprise has been very successful in implementation and has become a replicable model for transitional and permanent employment for disadvantaged people.
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noaber Foundation
Mentalshare Location The Netherlands Type Social Investment/Social Enterprise Social Issue In the Netherlands, over 2 million people with mental disorders or addiction problems do not receive any treatment or professionval help. The burdens of this are heavy for the patient, as well as for society. Due to increasing health care costs, health care takers and insurance companies are looking for new ways to offer proper care at a reasonable (lower) price. Solutions Mentalshare a social enterprise - provides innovative, evidence-based solutions for prevention and treatment via the internet at a reasonable cost. Compared to traditional care, online delivery of interventions is efficient: it can be tailored to the needs of individual clients and creates the opportunity for a range of additional services. Research has shown that for mental disorders, online treatment is at least as effective as traditional treatment. Therefore, e-mental health provides an opportunity to improve both the quantity and quality of care for mental disorders. Initiative The Trimbos Institute (NL) seeks to enhance quality of life by engaging in the development and application of knowledge about mental health, addiction and associated physical illnesses. With a focus on knowledge sharing, the Trimbos Institute aims to undertake evidence-based activities, which areinnovative and can be implemented in professional settings. In the past few years, the organisation has started several initiatives in the area of e-mental health. These initiatives resulted in four different types of interventions: [1] Informative prevention: information about specific disorders and their impacts, including email contact for client-specific information; [2] Online self-help: the end-user follows an online course without any help or support from a professional; [3] Online intervention: the end-user follows an online course with help or support from a professional. The type of help or support is online, i.e. chat, email, online group discussion, video conferencing; [4] Treatment supported with online-tools: the treatment of mental health disorders by professionals, supported by online tools; The interventions are all evidence-based, based on stepped care, take into account co-morbidity, enable disease management, cover prevention, treatment and care, have a flexible, modular and iterative approach and are suitable for different types of professionals: social workers, prevention workers, nurses, general practitioners psychologists, psychiatrists. Social Impact In order to get insight into the social impact of the initiative, the social e-valuator is used to value the social return on investment. Noaber Foundation The Noaber Foundation, together with the Trimbos Institute, took the lead in initiating Mentalshare as a social enterprise. As Venture Philanthropist, we provided non-financial support (e.g. structuring the organisation as a social enterprise and business plan development), tailored financing (cash and in kind investments) a multi-year commitment and social performance measurement (the social e-valuator). Our high engagement is also reflected in the board seat we have.
219
oltre Venture
italy: Solidare
Fondazione Oltre has participated in the setting up of Solidare, a social cooperative comprising psychologists, psychotherapists and psychiatrists based in Milan and launched in September 2005. The cooperative offers a range of psychological services, including individual, family and group psychotherapy; counselling and psychological assistance; self-training courses; and training for schools and other non-profit organisations. Importantly, the cooperative offers its high-quality services at a low cost to its clients, making its support widely accessible. The disadvantaged individuals it targets increasingly face psychological and other hardships, and find it extremely difficult to access the services they need. Moreover, whilst the public sector provides very limited psychological assistance, professionals operating in the private sector charge fees which are prohibitive to many. The services provided by Solidare are unique in the Milan area, and Solidare also is one of the first of its kind nationally. Solidares key challenge is to become financially self-sufficient within two years, which will depend primarily on the fees paid by clients, and only partially on donations and public financing. Fondazione Oltre is investing 40,000 in Solidare over two years. Support provided by Oltre is not only financial: the Foundation which has become a partner in the cooperative and is represented on the Board of Directors is also actively involved in providing organisational and strategic support. After only a few months, the initial results are positive: in this short period, Solidare has acquired 60 private clients, and expects to break even at 100 clients.
220
the one Foundation

ireleand: headstrong
Headstrong, The National Centre for Youth Mental Health (Ireland), was set up by The One Foundation in 2006 with a mission to empower communities to support young people in Ireland aged 12-25 to achieve better mental health and well-being. Based on models in Australia and UK, Headstrong works with existing health, youth and other services to ensure that young people in local communities around Ireland can get the help they need when they need it. One Foundation commissioned a feasibility study to design a response to the clear need and understand the scale of investment that might be needed. It hired a CEO and seconded a One Foundation staff member to support him as the start-up team, and a co-founder of One Foundation led the Business Planning process to secure start-up investment. One Foundation holds the Chair and both co-founders sit on the Board. In its first year of life, Headstrong has hired a team of 11 staff members, produced research on the state of youth mental health in Ireland, secured the support of the Minister for Health, and developed the first county-wide plan for youth mental health (to serve a youth population of 38,000) in Galway, its first site, and is beginning work in two further sites. In addition, it has leveraged One Foundations investment by 75 per cent. A start-up investment of 1.32 million enabled the Headstrong management team to secure a further 1 million from the state for its first year. Further investment by One Foundation is envisaged. www.headstrong.ie
221
phitrust
la Varappe Group, France
The Situation: Finding a job for those who have become long term unemployed is a paramount social issue. To enable their effective return to the job market, much has to be done in the way of individual mentoring and skill building. For reasons inherent to the market economy, regular companies cannot fulfill this role. The Answer: La Varappe is a group of companies focused on social reintegration through employment. Through, training, mentoring and employment, the group enables those who for social, personal or psychological reasons have been set aside by the system to return to long term employment. To increase the success of its programs, La Varappe operates in various sectors (construction, waste management, outdoor maintenance, and renewable energy) and works closely with major industry players. PhiTrusts breakthrough support: Historically set up as a not for profit dependent on public grants, La Varappe hit a wall in its ability to successfully bid in major tenders. Faced with a fossilizing business model, the group needed an innovative way to continue to grow and push its social mission. It took strategic and legal assistance as well as capital and debt investments from PhiTrust to accompany La Varappe in a strategic overhaul towards its present for profit business. Poised to expand its social impact, PhiTrust and La Varappe have continued to work hand in hand towards developing strong partnerships within the industry. The impact: Over the last three years, La Varappe has become a diversified and profitable group (2009 turnover: 6.4 million ). While some of its lines of business have suffered from market headwinds, it has successfully anticipated and diversified its business to strong growth sectors. Over this period, the number of workers (600) benefiting from La Varappes mission of social reintegration has doubled and successful long-term integration is well above the sectors average.
222
Stiftung charit (charit Foundation)

Germany
Stiftung Charits efforts are aimed at re-inventing the venture philanthropy model to support entrepreneurship in and around the life sciences in Germany, especially at Charit Universitaetsmedizin Berlin. As a non-profit foundation, Stiftung Charit selects and supports knowledge entrepreneurs in academic medicine changemakers among medical doctors, researchers and health care managers. It provides milestone-driven grants, coaching and conceptual support as well as political and sometimes operational assistance. An example of an ongoing project is the tripartite clinical scientist/academic clinician/medical entrepreneur model for advanced medical training. These are new career tracks for MD/PhDs who undergo advanced training to become medical specialists. Currently, such advanced training is generally unstructured in Germany and follows a one-track-fits-all approach. Graduates are at the mercy of heads of department and often take a long time to earn their board certification in their specialty. Stiftung Charit has teamed up with Junge Charit a group of 30 young doctors and researchers selected for excellence in their academic work to develop, for the first time in Germany, programmes that rely on individualised target agreements and that offer a choice of three career options for each medical specialty: graduates can choose a focus either on translational research, hospital management or medical entrepreneurship. Stiftung Charit developed the programmes with Junge Charit, provided initial funding to help the group build its operational capacity, lobbied with them to overcome scepticism at the local board of physicians and is now working with them to obtain additional grant funding from a large traditional German foundation. The aim is to implement these new programmes at Charit and then bring the model to scale by rolling it out to other German medical schools. Stiftung Charit also uses a small portion of its endowment to undertake mission-related investments. One of its initial investments is the MagForce corporation. Spun out of Charit, the company is active in the area of nanotechnological cancer therapy. Stiftung Charit holds 2.3% of their shares. They succeeded with an IPO at the small cap bourse in Frankfurt in the autumn of 2007. So far, Stiftung Charit is on track towards achieving a triple bottom line return with this investment supporting a medical innovation for patients with brain cancer, fostering entrepreneurship at Charit and earning a financial return on its investment. It will soon be possible to scale up these efforts significantly, because Stiftung Charit is participating, with other investors, in the launch of an early-stage venture fund. This Charit Biomedical Fund will focus on medical device innovations with first proof of concept, and it will be professionally run by an experienced VC firm. Stiftung Charits medium-term goal is to develop a comprehensive medical innovation system in Berlin.
223

uK (but operating in africa): riders for health
Riders for Health manages and maintains the vehicles used in the delivery of health care and other vital services to rural communities in Africa. A health worker on a motorcycle makes 12-15 times the number of visits as one on foot. It helps millions of people across Africa to have access to basic healthcare. VPF has helped with its organisational development and growth strategy.
uK: Kids company

Kids Company works with children with emotional, behavioural and social difficulties, resulting from significant experiences of trauma and neglect. Many of them are lone children living in chronic deprivation, with limited or no support from the adults in their family. Kids Company supports 12,000 children and young people annually through a range of services, based on therapeutic principles. VPF has provided introductions to political lobbying expertise, helping Kids Company to secure a recent 12m grant from the UK Government and is providing ongoing regular strategic and organisation management advice to the senior staff.
uK (but operating in the developing world - in africa, asia, and latin america): Basic needs
Basic Needs rehabilitates those facing mental health challenges in developing countries through a community-based model for mental health and development. Basic Needs is the only organisation attempting to address this problem. The World Health Organisation (WHO) has recently adopted its model. VPF has provided a strategic sounding board, has been instrumental in the development of a Basic Needs franchising strategy and has provided important introductions to contacts in the pharmaceutical industry and the Government healthcare industry.
uK: training for life

Training for Life runs successful programmes to bring the long-term unemployed back to work through entrepreneurial initiatives. It has helped 9,000 long-term unemployed back into full-time education or employment. It identifies deprived communities where it can help regeneration by creating enterprising learning communities. VPF has worked with it on strategy and mentoring at different levels of the organisation. It has also provided an innovative 50,000 convertible loan instrument to help to fund the working capital requirements of its expansion.
224
Voxtra Foundation
international Development Enterprises, india (iDEi)
The challenge India, with 1.13 billion inhabitants, has about 830 million people living on less than $2 per day and 270 million on less than $1 per day (at PPP, according to the World Bank). Despite the high growth of the Indian economy, little is changing for the poorest. The majority of Indias poor are smallholder farmers. Their productivity is low as they cannot afford appropriate inputs such as irrigation, fertilizer and seeds. The organisation IDEI is a social enterprise committed to providing long term solutions to poverty, hunger & malnutrition. Since its inception in 1991, IDEI has developed a highly effective approach to empowering poor farmers to break out of the cycle of poverty. Farmers that make a small investment in IDEIs low-cost microirrigation technologies can harvest three crops per year, instead of just one rain-fed crop during the monsoon. The extra income they earn can be used for other farming inputs that increase productivity even more, investments in livestock, childrens education and healthcare. IDEIs technologies are manufactured and distributed by commercial players, while IDEI takes care of product development, quality control and marketing. www.ide-india.org The program that Voxtra supports Voxtra supports IDEI with $2 million over six years to develop a supply chain for low-cost treadle pumps and conduct marketing activities to raise awareness in the remote and underdeveloped state of Assam in Northeastern India. The target of the program is to sell 25,000 treadle pumps to smallholder farmers, enabling the farmer families to increase their net annual cash incomeby$400on average. In addition, the program stimulates the local economy by leading to increased demand for agricultural inputs and day labor to tread the pumps. The program commenced in April 2009. By June 2010, more than 2,000 pumps have been sold in Assam (plan: 1,800), benefiting more than 10,000 people. The program has so far been delivered on 75% of the budgeted costs. Why Voxtra selected this program y Buying a treadle pump (at a cost of $20-25) and farm inputs (fertilizer etc for $70-75) provides the farmer with a return on investment of more than 300% in the first year y The socio-economic return on Voxtras philanthropic investment is conservatively estimated at 24x the investment (72x when the benefits are valued at PPP) y The program reaches the poor: Nearly all the buyers of IDEI equipment (97%) farm less than 1.5 acres of land (0.6 hectares) and 34% farm less than 0.75 acres (0.3 hectares). Assam is one of Indias poorest states, with a per capita national product of less than 60% of Indias average. y IDEI is an excellent organisation with strong management, well-developed systems for financial management and impact monitoring, a pragmatic and delivery-oriented culture and a proven ability to grow the program into new areas. IDEI has received the Skoll Award for Social Entrepreneurship and the Schwab Outstanding Social Entrepreneur Award, and receives support from the Bill & Melinda Gates Foundation.
225
European Venture Philanthropy Association 78 Avenue de la Toison dOr 1060 Brussels Belgium www.evpa.eu.com info@evpa.eu.com
EUROPEAN VENTURE PHILANTHROPY DIRECTORY 2010/11
EVPA is a membership association made up of organisations interested in or practising venture philanthropy across Europe. Established in 2004, the association is a unique network of venture philanthropy organisations and others committed to promoting high-engagement philanthropy in Europe. EVPAs diverse membership includes venture philanthropy funds, grant-making foundations, private equity firms and professional service firms, philanthropy advisors and business schools. Currently the association has 127 members from 20 countries. EVPA has two main aims: to support its members in carrying out their venture philanthropy activities, and to promote venture philanthropy throughout Europe. To achieve this mission, EVPA provides a forum within which European based venture philanthropists can network, exchange ideas and debate best practice. EVPA also informs potential donors and others of the role and benefits of venture philanthropy and facilitates its development, with the aim of increasing knowledge and acceptance of the benefits of venture philanthropy in the charitable sector. The EVPA Knowledge Centre produces research and proffers collective industry data and curated resources to develop in-depth knowledge of best practices and a vision into the future of social investment.
Published with the support of the King Baudouin Foundation and the Belgian National Lottery
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about this Directory

189 190 191 192 193 194 195 196

lEttEr FroM thE chairMan

Serge Raicher Chairman

Switzerland Austria Others

UK Africa Asia Italy Latin America

Ireland Spain France Benelux

EVpa thE hiStory

Why join EVpa?

categories of EVpa Membership

Breakdown of membership bene ts Events Knowledge Centre EVPA

Full Associate Non-Members

Definition of Venture philanthropy3

Financing Non - nancial support

Social return Financial return Recycling or below market

Primary driver is to create social value

Organisations can create blended social and nancial value

Primary driver is to create nancial value

Revenue Generating Social Enterprises

Socially Driven Business Pro t distributing socially driven CSR Company

Grants only; no trading

Trading revenue and grants

Potentially sustainable >75% trading revenue

Breakeven all income from trading

Pro table surplus reinvested

Company allocating percentage to charity

Mainstream Market Company

Impact First Venture Philanthropy Social Venturing

EVpa iMpact rEport 2005-2009

Survey respondents reflected EVpas diverse membership

Venture philanthropy org 14%

Advisory 10% Financial services provider 8%

Social investor 21%

Foundation 29% Private equity rm 14%

Survey respondents were a mix of old and new members

Survey of EVPA members, June 2010

EVPA communications read

Other Website Reports Newsletter

2.20% 67.40% 69.60% 95.70%

Activites attended Other 4.50% 11.40% 13.60% 34.10% 97.70%

Country-based Seminars Site Visits Members Workshops Annual Conference

Olga Auchenbach, Pontis Foundation, of Impetus Site Visit

Christian Meyn, Auridis, commenting on the Impetus Site Visit

Annual conference Members workshops Country-based seminars Site visits Other

Attendee, Brussels Workshop

Andre Hendrikse, Start Foundation

Since joining EVPA, members have undergone a variety of changes 30%

Daniela Barone Soares, Impetus Trust

thE EVpa calEnDar 2009/2010:

Venice meeting for CEOs of full members

Dutch Interest Group

The Netherlands, 21 May 2010

Workshop on different financing models

Brussels 1/2 June, 2010

French Country Interest Group

Paris, 24 June 2010

Site Visit at Impetus Trust

London, 29 June 2010

Conference Cycle: Venture Philanthropy and Impact Finance Annual Conference

Luxembourg, 15 September 2010 Luxembourg, 16/17 November 2010