What we do and where we have come from
Every year, the BVCA Chairman supports three charities. The BVCA is delighted to support the following charities.
Pioneered one of the most effective models of charity support in the UK, winning the prestigious 'top grantmaker' award last year. This leading venture philanthropy organisation helps charities and social enterprises deliver their services more effectively to more people, so they can have a much bigger impact in ending the cycle of poverty in the UK. Impetus invests in charities addressing economic disadvantage through programmes and services that increase the skills, education and employability of the poorest 20% of the population. Leverage is part of the model: for every £1 in Impetus cash invested in the portfolio charities, another £4 is generated from co-investment and the value of pro bono and management expertise. Charities backed by Impetus increase the number of people they help by an average of 30% a year, and grow their turnover by an average of 23% a year. More on www.impetus.org.uk.
Focused on one of the most urgent issues of our time, youth unemployment. PEF is a vehicle through which 70 private equity firms, their banks and advisors, donate both cash and time. It has raised £11m in just two years and supports 12 education and employment charities. The board is run by nine private equity professionals and the team includes a mix of expert and business skills. The Foundation gives firms the opportunity to engage with charities and enable the next generation to succeed. For more information visit www.privateequityfoundation.org.
Juvenile Diabetes Research Foundation exists to find the cure for type 1 diabetes and its complications, and is the world's largest charitable funder of type 1 diabetes research. It was founded by a small group of parents of children with type 1 diabetes who recognised that insulin injections are not the cure for this life threatening and lifelong condition.
At a global level JDRF volunteers and staff have been responsible for raising over £850 million to support type 1 diabetes research since the charity's inception. JDRF raises money to drive world-class research to prevent, treat and cure type 1 diabetes and its serious and debilitating complications. For 30 years we have been fundamentally involved in the delivery of advances in this field; seeking out, assessing and monitoring the best science to drive the breakthroughs that improve management of type 1 diabetes and will ultimately cure the condition.
Further information about the charity can be found at:http://www.jdrf.org.uk/