Engaged Philanthropy
Engaged Philanthropy • The Rank Foundation operates a model of engaged philanthropy, combining intellectual, social and financial capital in order to maximise impact, whilst leveraging additional funding and support: • Financial Capital : flexible funding, long term support • Intellectual Capital : sharing good practice, bursaries, education & training • Social Capital : networking through RankNet and our Fellowship • Our experience suggests that by concentrating funding, knowledge and expertise in a very focused way, promoting stronger partnerships and increased collaboration, helps to ‘add value’ where the outcome is greater than the sum of each part. • Engaged Philanthropy – video link
How Engaged Philanthropy works in practice • Place-based programmes in Hull and Dundee • RankNet (including bursaries, sharing good practice, digital community platform) • Rank Fellowship • Rank Aspire Programme (formerly GAP) • Time to Shine
Working within the Social Sector • Challenges of attracting and retaining diverse skills within the social sector. • Greater competition among social sector organisations for funding resources. • Social sector organisations need to continue to modernise structure and services to be fit to support those in greatest need. • The Rank Foundation needs to be agile to respond to changing needs and to deliver programmes relevant to the challenge of increasing capacity and quality of the social sector in precarious times.
Moving with the times… • YAP Programme (Youth or Adult programme) • GAP Programme • Time to Shine Programme
Youth or Adult Programme Working with local youth charities across the U.K. The Rank Foundation provided training, access to qualifications, salaries and networking opportunities to youth workers. Following an external review the YAP programme will gradually close over the next three years.
GAP Programme / RAP Programme Working through youth charities, the GAP programme provided an apprenticeship style experience for young people aged 18-24 who wished to work in the youth sector. Following an external review the RAP Programme will be launched in 2017.
Time to Shine Programme Time to Shine works across the social sector and supports those with organisational development needs though an internship programme that connects capacity needs with interns’ skills. In 2017 there will be 36 interns.
Opportunities and Challenges Opportunities Challenges • Learn more about the wider • Managing expectations. social sector. • Addressing demand. • Respond with programmes that fit needs and adapt as • Move from transactional to needs change. relational funders is mostly positive but preparing and • Increase impact of investment, managing exit can be difficult. greater buy in from organisation and individual.
Place-based Programmes The key characteristics of engaged philanthropy and place-based funding, as demonstrated through the Hull Community Development Programme are: • Intelligence : reconnaissance, consultation, planning and preparation – it takes time • Relationships : understand the environment, get to know key people, keep showing up • Financial and Non Financial Support : in addition to funding, look to build and sustain networks, offer training, and focus on developing resilience and sustainability • Local Leadership : invest in and support local leadership; use an 'associate' model to ensure permanent local presence, with a view to fostering a strategic influence with other sectors • Communications : create ways of sharing success, failure, concerns and opportunities • Collaboration : Promote a strong collaborative spirit as the key driver of 'added value', and build networks that last • Long term thinking : look to leaving a legacy beyond the funding period • Hull Film
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