Providing benefit to society is an integral part of our philosophy. It is important to us to place emphasis on working together to help causes that need support.
The Fore are a seed funder for the non-profit sector, they help small charities and social enterprises thrive, by identifying high impact potential organisations and providing them with grants and professional support. In March 2020, we chose to partner with The Fore at the onset of the COVID-19 pandemic. The timing was fitting, and we felt that supporting The Fore throughout global and national lockdowns would ensure our funds had the greatest impact.
Did you know that large charities control 91% of charity funding in the UK? The Fore have a comprehensive and successful process for allocating grants to small organisations and are well positioned to know where funding is needed. A recent study on the impact of charity-led, investment style approach to funding verifies that The Fore supports the argument for unrestricted funding having the greatest impact. Organisations that The Fore have previously provided grants and skill support to, have a grant income growth rate six times higher than that of unsuccessful applicants. The report suggests that The Fore’s assessment process is ‘ahead of the curve’ in identifying under supported charities with high potential.
A further impact
Tutors United: recruits university students to tutor disadvantaged children (often where English is not the first language). Tutors United intervenes early helping primary school children secure vital literacy and numeracy skills when it matters most. Crucially, the organisation charges the housing associations, to enable tutoring to be provided to disadvantaged children free of charge. Tutors United increased its students’ average scores in a maths assessment by 51%, after just 13 hours of tutoring.
Tutors United used funding from The Fore to hire a new Programme Officer, to build capacity and meet the demand from additional housing associations. The grant allowed Tutors United to double its turnover, taking on contracts with multiple new housing associations. After expanding to cover 18 London boroughs, they are now operating nationally in Nottingham, Derby and Cambridge.
Head2Head: is a small volunteer-led charity, touring multi-sensory theatre performances and workshops to disabled children and their families. The charity is currently reaching 3,000 children and 2,000 families every year.
With support from The Fore, Head2Head were able to recruit a new part time CEO and develop a sustainable business plan, expanding the volunteer network, establishing new partnerships, and working with freelance fundraising support to raise income. A new staff team is now embedded and has expanded volunteer hours by 18%, in addition to a 33% growth in income and the organisation's unrestricted reserves having doubled.
Mindsum: is a ground-breaking start-up that aims to ensure children and young people’s mental illness is understood, supported and treated through technology and online community engagement.
Mindsum used funding from The Fore to cover staff costs, allowing the organisation to expand its capacity and extend its services. The Fore introduced Mindsum to Mark Livesey, Partner at LGT Vestra, who learned about the charity at a funding panel and was inspired by their work. Mark, a regular member of The Fore’s funding panels, as well as his wife Natalie, went on to become advisory board members of Mindsum, supporting the organisation as it grows further.
Corporate Social Responsibility (CSR) at LGT Vestra
At the start of 2021, we launched a charity committee to formalise and coordinate our CSR activities, “In line with our commitment to the Group’s mission statement of creating long-term value for society, we are committed to giving something back to wider society and the environment in which we work” said Ben Snee, CEO of LGT Vestra. He then went on to share that “establishing a formal charities committee has helped us to focus our efforts in this area. It has been really gratifying to see the support this initiative has received from across the business and as its chair, I am excited to see the committee’s output now turning our philanthropic values into tangible actions.”
We actively engage our people, our clients and the wider society, to help raise funds and drive awareness. As a firm, we encourage our people to be involved in fundraising activities. No concept is too big or too small. Our current fundraising activities involve:
The ‘Hike or Bike’ challenge in support of The Fore is currently underway with ten cyclists from LGT Vestra taking part in the ‘bike’, on their second leg of the 240km route from London to Bristol. The bikers left London yesterday morning and are due to arrive at our office in Bristol later today. The ‘hike’ challenge started this morning, 55 employees are walking 26kms from Putney Bridge to Hampton Court along the Thames Path. The fundraising target is £10,000, and the total amount raised will be matched by LGT Vestra. To support the Hike or Bike team, please visit our sponsorship page here.
LGT’s Move4Good campaign, saw every kilometre walked, cycled, hiked, ran, or swam by LGT employees during the month of September, support UNICEF. The funds raised by stakeholders are going towards building wells for schools in Malawi. Move4Good encouraged employees across the world to move for a good cause and the campaign has raised an impressive $35,000.
As a firm, we want to use our fortunate position to help those who need support with a long-term aim to benefit the wider society. Our partnership with The Fore has allowed our people to work directly with charities supported by them by offering pro-bono support where needed, we have sat on funding panels, and engaged with fundraising activities. We are proud to have worked with such an impactful organisation, who have developed a successful and robust funding structure allowing charities, after their initial support, to secure larger funding support and to have a greater impact.
 The Fore, 2021
 The Venture Philanthropy Fund: https://www.thefore.org/news/2073751/
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