Small charities are crucial. They are both the lifeblood of their local communities and the birth place of innovation.
If small organisations cannot succeed, the established players go unchallenged, innovative ideas get overlooked and the social investment movement will continue to lack promising investment opportunities.
So why are even the most dynamic early-stage organisations struggling to win support? Funders and individuals gravitate towards larger, well-established charities with well-oiled fundraising machines. And businesses find it too expensive to find smaller, younger organisations, and too risky to support them.
The Fore will build the pipeline of social enterprises and charities ready to serve the needs of our society and challenge the established players. The Fore’s pioneering funding model removes barriers to access and connects even the most isolated, smaller organisations with expertise from the business community and financial support.
We identify organisations with the best ideas, the strongest management and for whom support will create the greatest impact. We seek to take up as little of our applicants’ time as possible as time spent seeking funding is time away from their beneficiaries.
The diagram below provides a summary of The Fore’s Theory of Change, showing how its core activities lead to intermediate and final outcomes to create social impact.
The Fore’s innovative funding model has been piloted since 2012 by the founding partners, the Bulldog Trust and the Golden Bottle Trust, part of the private bank C Hoare and Co. The funding model was designed by the Bulldog Trust to address a number of major challenges that it had identified through its experience as a funder, a fundraiser and running its business philanthropy network.
The funding model is based on the belief that when empowered to do so, early-stage organisations are best placed to identify their own needs to scale or improve sustainability. It was hailed by Philanthropy:UK as a ‘revolutionary criteria-free grant-making scheme’ in 2012.
The scheme experienced exceptional demand from charities for this style of funding and from funders for the strong pipeline of small organisations it created. The Bulldog Trust and the Golden Bottle Trust decided to launch a major expansion of the programme in 2017: The Fore Trust.
Convinced by the strength of the pilot results and keen to inspire other funders to change their practices, the founding funders have pledged over £1m to The Fore to cover operating costs for the first three years.
The Fore is a partner of the Big Lottery Fund.
The Fore’s advisory board combines the voices and experience of pioneering business leaders with those of leading small charities/social enterprises.
Sir Thomas Hughes-Hallett DL spent 25 years in investment banking before becoming CEO of Marie Curie Cancer Care from 2000 to 2012. In 2013, he was knighted by the Queen for services to end of life care and charity and presented with a Beacon Fellowship for Philanthropy advocacy. Tom is now chair of the Marshall Institute at LSE, Chelsea and Westminster Hospital and director of the King’s Fund (the healthcare think tank). He is an adjunct professor at The Institute of Global health innovation at Imperial College London. Tom is also a trustee of the Esmée Fairbairn Foundation.
Kenneth Olisa OBE, FRSA, FBCS, was appointed HM Lord-Lieutenant of Greater London in 2015. He is Lord Deputy-Chair of the Institute of Directors, the 1st British-born black man to serve as a Director of a FTSE-100 company (Reuters) and the founder of two technology merchant banks. An advocate of social inclusion, he is President and former Chair of Thames Reach; Chair of the Shaw Trust; founding Chair of the Powerlist Foundation; a former Governor of the Peabody Trust; and a former Non-Executive Director of the West Lambeth NHS Trust.
Rupert Harrison CBE, Chair of The Fore is Portfolio Manager and Chief Macro Strategist in the Multi-Asset Strategies group at BlackRock. From 2010-2015 he was Chief of Staff to UK Chancellor of the Exchequer, George Osborne, and Chair of the UK’s Council of Economic Advisors. From 2006-2010 he was Chief Economic Advisor to the then Leader of the Opposition David Cameron and Shadow Chancellor George Osborne. Prior to that Mr Harrison was a Senior Research Economist at the Institute for Fiscal Studies.
Mary Boakye, one of UK’s leading experts on Africa, is Managing Director of Oriol Associates. She helps international companies and individuals to establish or extend their investment footprint in Africa responsibly and assists African governments and African companies to raise funding in the international markets. Previously a partner and head of Dentons LLP’s Africa Financial Markets Group, Mary shared the strategic leadership and development of the firm’s Africa practice and jointly supervised its transformation into a leading internationally recognised practice. She is now a Senior Advisor to the firm and co-Chair of Dentons UKMEA’s Black Professional’s Network. With dual UK and New York legal qualifications, she has been recognised by The Lawyer as one of the UK’s “Hot 100 Lawyers” and as being “skilled in dealing with complex regulatory environments and jurisdictions” and also by Powerlist as one of the UK’s 100 most influential men and women of African, Caribbean or African-American heritage. Outside of work Mary mentors students and young professionals in various countries.
Lloyd Chamberlain spent 15 years working as an investor, most recently as founder and Managing Partner of Praxient Capital from 2007-2014. Lloyd started his career as a strategy consultant at Bain & Company and took this analytical approach into investments across start-ups, listed companies and distressed credit restructurings. Lloyd graduated from Cambridge with a First Class degree in architecture and is now developing property.
Arvinda Gohil is the Chief Executive of Community Links, a social action and advocacy charity based on east London, where she has developed the organisation’s capacity and structured a strategic partnership with a national charity called Catch22. Arvinda has worked in the not-for-profit and charitable sectors all of her working life. She was previously Chief Executive of Emmaus UK, where she led the introduction of social investment to member organisations. Prior to this, she ran her own consultancy for five years, specialising in governance, leadership and equality. Previous roles include Membership Services Director at the National Housing Federation; Assistant Director for Regulation at the Housing Corporation and Chief Executive of two Housing Associations. Arvinda has also worked in South Africa where she assisted in developing a social housing model.
Arvinda is Chair of Access’s Reach Working Group.
Baroness Dido Harding is Chair of NHS Improvement and former Chief Executive of TalkTalk Telecom Group PLC. Prior to her role as Sainsbury’s convenience director and a member of the operating board 2007-2010, she worked at Tesco PLC, Kingfisher plc and Thomas Cook Limited. She was appointed as a non-executive director on The Court of The Bank of England in July 2014 and Chair of the Remuneration Committee in 2016. She has also served on the boards of The British Land Company PLC and Cheltenham Racecourse. In August 2014 Dido was offered a Peerage and now sits in the House of Lords as a Conservative Peer. She is a trustee of Doteveryone and a member of the UK National Holocaust Foundation.
Charles M R Hoare is the Chair of the Bulldog Trust. He is Head of European Healthcare at Stifel and was previously a Managing Director at BofA Merrill Lynch and Commerzbank. He is also Chair of Chariot Innovations Ltd (the commercialisation arm of the London School of Hygiene and Tropical Medicine), a Non-Executive Director of Atlantic Healthcare plc and a Churchwarden of St. Dunstan-in-the-West.
Danny Kruger is Chairman and former Chief Executive of the West London Zone for Children and Young People. Danny was Chief Executive of criminal justice charity Only Connect from 2008 – 2015. Before working at Only Connect Danny was Director of Studies at the Centre for Policy Studies, Chief Leader-Writer at the Daily Telegraph, and Special Adviser to David Cameron MP as Leader of the Opposition. West London Zone received support from The Fore’s pilot programme.
Monica Merli is currently the Managing Director and Regional Head for Europe, the Middle East and Africa at Moody’s. Until September 2016, Monica led Moody’s EMEA Infrastructure Finance team. She has also acted as Moody’s lead analyst for a broad range of European infrastructure and utility companies. Monica joined Moody’s in December 1998 from Dai-Ichi Kangyo Bank, where she worked as an analyst in the bank’s credit research and supervision division. Monica holds an Economics and Business degree from the University of Florence, Italy, and is an alumna of the London Business School, where she completed the Corporate Finance Programme.
Anton Oliver currently works for asset managers M&G in London in a corporate governance position for M&G’s global equities team. He is a former professional sportsman and captain of the New Zealand national rugby team. After retiring from sport he gained an MSC in Biodiversity, Conservation and Management at Worcester College, Oxford and an Executive MBA from Cambridge University. He is an ambassador for Cure Kids and the Shackleton Foundation.
Ginny Williams-Ellis is founder and Chief Executive of Read Easy UK, an adult literacy charity that provides free, confidential, one-to-one reading tuition from trained volunteers for adults who struggle to read. She is a former literacy tutor in prisons, teacher and adult education specialist. Ginny won funding for Read Easy UK from The Bulldog Trust in 2012. Her ambition and innovative approach were an inspiration for The Fore pilot.
Mary Rose Gunn, Chief Executive, has been running Bulldog Trust, the umbrella organisation for The Fore, since 2007. In 2012 she won support from the Golden Bottle Trust to pilot The Fore’s innovative funding model and has been driving the expansion of the programme ever since. She has designed, resourced and delivered a range of programmes for the Bulldog Trust including the Winter Exhibition Programme at Two Temple Place and the Engaging Experience philanthropy network. Prior to joining the Bulldog Trust, Mary Rose worked in politics and the media and has a degree in Modern History from Lincoln College, Oxford. She is a Trustee of the Margaret Pyke Trust and a Fellow of the Royal Society of Arts. In 2018 she was named as one of the Pioneers Post’s 100 Women In Social Enterprise.
Audrey Slade, Director of External Relations, joined The Fore in September 2017. Prior to starting at The Fore, Audrey was a strategy consultant to charities and social enterprises. Previously she held leadership positions in the economic development agencies of both London and New York City. Earlier in her career she worked in banking and corporate finance. Audrey holds degrees from Columbia University and Yale University.
Ugo joins The Fore, having spent the last six years working at Social Investment Business (SIB) a social investment intermediary where he was responsible for managing the design and development of SIB’s new social Investment funds and grant programmes such as the Enterprise Development Programme (EDP), Pioneer and Prosper Programme (P & P) and the East London Impact Fund (ELIF). Prior to that, he worked within the Investment Team as a Relationship Manager, where he oversaw a large portfolio of loans and grants into charities and social enterprises.
He was previously chair of London+ Acumen chapter and is the Chair of the Alpha Grove Community Centre and he also sits on the RemitFund Investment Committee.
Ugo is passionate about impact investment and innovative finance instruments because he believes we have the opportunity to use investment and grant funding to develop solutions to global problems.
Rachel Stuart, Programme Director, joined The Fore in September 2017 from the national education charity Teach First, where she was Chief of Staff to the CEO and founder. She also has experience of the private sector, having previously spent four years as an associate in the New York and London offices of Cleary Gottlieb Steen and Hamilton LLP, where she advised clients on legal risk related to large investment transactions. Rachel holds undergraduate and graduate degrees from Yale University.
Hanna-Mariam Chowdhury, Programme Coordinator, joined The Fore in November 2017. Hanna obtained a First Class degree in Journalism from the University of East London in 2017. As a freelance journalist, Hanna has also published articles in a variety of newspapers and magazines including Rising East, East London News and Amaliah Magazine.
Tim started at Two Temple Place in August 2018 following 9 years in a comparable role at a similar sized charity. He is a qualified Management Accountant (FCMA) and worked previously as Finance Director and Operations Director in the retail sector, print media and sport. He is currently an elected member of the supervisory board of a League One football club.
The Fore’s due diligence is carried out by a rotating team of consultant grant assessors who bring expertise from a wide range of sectors. Examples of recent consultant grant assessors who have worked with us are featured below. If you are an experienced professional interested in this work, please contact email@example.com.
Karen is focused on the not for profit sector having had a successful earlier career in investment management. She led the UK Small Company team at Rothschild, with top quartile performance. Her focus on the smallest 10% of the market has given her an insight into successful business and finance models and she is now driven to use this knowledge and experience to help charities develop resilience in both their income and impact.
During a career break, Karen retrained as a landscape architect and founded a small practice with a specific focus on finding solutions for architects in compromised sites. This provided her with an entirely new and creative challenge whilst she needed the flexibility of working from home. The desire to find solutions is the connecting thread. She is now energised by unlocking potential and enabling new ideas for the benefit of all.
Karen has a degree from Cambridge and is a member of the CFA. She is a Charity Trustee, chairing their Strategy Committee and she is also a school governor for a local Primary school.
Cate has acted as a funding advisor to a wide range of charities over two decades, including extensive mentoring of both emerging and more established charity professionals. Specialist fields include extensive work with leading UK arts organisations, major capital appeals, educational, health and social welfare causes both in the UK and internationally. Her work has taken her from Royal Palaces to small rural venues and she is a passionate advocate of the role that smaller charities can play in the not for profit sector, having worked closely with many innovative smaller organisations. Having lived in both London and now rural Yorkshire, she is also well placed to understand the particular strengths and challenges faced by regional organisations. Cate holds a degree in English Language and Literature from the University of Manchester.
Elizabeth is a consultant UK/EU competition lawyer and EU specialist. She previously practiced in London and Brussels at Cleary Gottlieb, Shearman & Sterling and Allen & Overy. She also served as Private Secretary to the Chairman of the UK Competition Commission. Prior to training as a barrister and then solicitor, she was an international economist and equity market strategist on an award-winning team at S.G. Warburg. Before moving to the United Kingdom for graduate school, she traversed the United States on a presidential campaign. Throughout her career, Elizabeth has been strongly committed to pro bono and charity work and has served as a Governor at an East London primary school.
Elizabeth was educated at Smith College and Wadham College, Oxford, where she was also a Lecturer in Economics.
Prior to moving to London, Clay Kelly was the Director of Asset Development for The Trust for Governors Island, the non-profit charged with the redevelopment the former military base at the heart of the New York Harbor. For over a decade, she directed a wide variety of capital and infrastructure programs and administered millions of dollars in federal infrastructure and emergency grants from multiple agencies. More recently, Clay’s responsibilities included managing tenant relations as the Island transforms into a year-round home for education, cultural and commercial institutions. She was a key player in efforts to generate new uses and tenancies and maintain the tenant/owner relationships. Her previous role was as an architectural historian for the Technical Preservation Services division of the National Park Service in Washington. Clay provided guidance and training in historic structures management in both print publications and through the organisation of global conferences. Clay has degrees from Haverford College and Cornell University.
Jerry Loy has extensive experience in growing and developing financial service organisations. He advises the Department of International Trade on the design, implementation and management of a wealth management programme to increase foreign direct investment to the UK and chairs/vice chairs audit committees for two educational establishments in Surrey. He is also vice chair for the Foyer Federation, a national youth homelessness charity. Previously, Jerry was the Chief Operating Officer at QNB Banque Privée and the Head of Operations and Administration at NBAD Private Bank. Jerry is a Fellow of the Institute of Chartered Accountants in England and Wales.
Rupert is a Senior Asset Management professional with 30 years’ experience across the investment management business. Currently, he is a Consultant to a Fintech start-up where he provides investors with objective and easily accessible data on portfolio performance and risk profile. Rupert formerly worked at Sarasin & Partners LLP and Merrill Lynch, where he covered institutional and private client portfolio management for UK and global clients. Rupert has joined The Fore with 10 years’ experience as a Charity Trustee.
Two Temple Place is home to The Fore. It is a magnificent neo-gothic mansion on the Embankment built by the first Viscount Astor, William Waldorf Astor in the 1890s. The house has been owned by the Bulldog Trust since 1999 and is now dedicated to promoting culture and philanthropy. In addition to being headquarters to The Fore, Two Temple Place hosts events and activities for charities through the year, offers public access and sell-out education opportunities through the Winter Exhibition Programme and is also available for private hire.
For more details on Two Temple Place please see > www.twotempleplace.org