• Examples from North East England– Community Ventures– Guy Readman• Wider lessons and applicationswithin community foundations– Philanthropy Fellowship
Community Ventures• Originally conceived as venturephilanthropy• Evolved into mentoring/businesstroubleshooting• 10 „partners‟ – leaders frombusiness, public and voluntarysectors• Giving time and expertise as well asor instead of money.
• Learning and sharing betweenthose involved is key – partnersand groups• Rare that problem first presentedis the one partners address• Sustainable?– CF subsidy from unrestricted funds– Partner contributions• Impact – but further work onevaluation
“We are all aware that when government bodies cutspending they tend to be a bit of blunt instrument andoften at short notice. They are likely to hit the good aswell as the indifferent and the poor.I have increasingly been thinking how it is likely thatsome very good voluntary sector charities will havesubstantial funding withdrawn such as to threaten theiruseful existence. I am particularly concerned with thosesmaller organisations employing maybe one or two staffwho are unlikely to have had the time or the experienceto foresee and act in advance.”Guy Readman OBE 2010
Developing the fund• £175,000 a year for two years pledged• Condition that CF brought in others• The initial total offer, with £1:1 matchingwould realise a fund of £700,000• CF allocated £50,000 unrestricted funds• Major donor funds contributed £60,000• New anonymous donor gave £25,000plus Gift Aid• Some smaller gifts also matched