Impetus Trust

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"Impetus Trust is the pioneer of venture philanthropy in the UK." [1]

"A seminal article appeared in the Harvard Business Review in 1997, called: "Virtuous Capital: What Foundations Can Learn from Venture Capital," by academics Christine Letts, William Ryan and Allen Grossman. In this article it was argued that grant-makers did not place enough importance on building the capacity of the organisations they funded, as most funding went to projects. The writers explored the idea of adapting the venture capital model to the not-for-profit sector.

"In addition, it was proposed that rather than just giving funding, there could be huge benefits from a more integrated approach. This would include providing tailored expertise and management support, alongside core funding, to help a charity reach specific growth targets.

"These ideas were taken on board by a number of individuals, and this new 'venture philanthropy' approach and in the late 1990s a few US organisations began to put it into practice.

"It quickly proved to be successful approach, and the movement spread to other countries. Impetus Trust was founded in 2002, as the first venture philanthropy organisation in the UK." [2]

Staff

Accessed October 2012: [3]

Foundations Supporters

Trustees

Accessed October 2012: [5]

Advisory Council

Accessed October 2012: [6]

Contact

Web: http://www.impetus.org.uk

Resources and articles

Related Sourcewatch

References

  1. Impetus Trust About, organizational web page, accessed October 13, 2012.
  2. Impetus Trust History, organizational web page, accessed October 13, 2012.
  3. Impetus Trust Staff, organizational web page, accessed October 13, 2012.
  4. Impetus Trust Foundations Supporters, organizational web page, accessed October 13, 2012.
  5. Impetus Trust Trustees, organizational web page, accessed October 13, 2012.
  6. Impetus Trust Advisory Council, organizational web page, accessed October 13, 2012.