Value of venture philanthropy funds increases to £2.8 billion, says Factary
Howard Lake | 18 November 2013 | News
Philanthropy research specialists The Factary report that the UK’s venture philanthropy sector has more than doubled in value to charities in two years. Total charitable grants, loans and investments from venture philanthopy sources have increased by 221% to £166 million since 2011, the last time the Factary researched the issue.
Venture philanthropy has been established in the UK for just over 10 years. Factary featured the Impetus Trust in its New Trust Update in February 2003.
Double the numbers of venture philanthropy organisations
The Factary’s 2011 report featured 11 venture philanthropy organisations. This year’s report covers 22, despite the fact that two of the major funds, Impetus and the Private Equity Foundation, have merged.
The 111-page report reveals that, since 2011:
- Total sector assets are up 75% at £2.8 billion
- Total sector income is up 171% at £274 million
Who are venture philanthropists?
Just under a third of trustees and directors of venture philanthropy organisations come from the UK’s private equity and hedge fund sector. Many are wealthy people: the report mentions that together they hold £3.4 billion in personal wealth.
The Factary has identified 254 board members and patrons who lead the UK venture philanthropy sector. The report includes brief biographies of each, and a networking index to identify who is linked to which fund.
It also provides detailed profiles of the 22 venture philanthropy funds active in the UK, and lists more than 150 organisations and projects that have benefited from venture philanthropy.
The Venture Philanthropists can be purchased now:
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- Non-profits £250 per copy
- For-profits £300 per copy
- Subscribers to Factary’s New Trust Update, or those taking out a subscription with the report; £150 per copy.
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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.