Henry Smith charity invests £500,000 in CAF Venturesome's Development Fund
Howard Lake | 12 October 2010 | News
Anti-poverty grantmaker the Henry Smith Charity has invested £500,000 in the Development Fund of CAF Venturesome, with the aim of making this financing option for building capacity available to more charities.
Other charitable grantmakers, including The Esmée Fairbairn Foundation and The Tudor Trust, have already invested in CAF Venturesome.
Richard Hopgood, Chief Executive at the Henry Smith Charity said: @Working with CAF Venturesome complements our grant-making programme, and we are delighted to be investing in this innovative approach. We hope that many charities will benefit from the increased capacity of the Fund.”
Launched in 2002 by Charities Aid Foundation as its social investment fund, CAF Venturesome provides bridging finance and development capital to charities and social enterprises. So far it has committed more than £18 million to over 250 organisations.
www.venturesome.org
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.