Engaged Philanthropy Engaged Philanthropy The Rank Foundation - - PowerPoint PPT Presentation

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

• pportunities 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

• rganisational development needs though an internship programme that

connects capacity needs with interns’ skills. In 2017 there will be 36 interns.

Opportunities and Challenges

Opportunities

• Learn more about the wider

social sector.

• Respond with programmes

that fit needs and adapt as needs change.

• Increase impact of investment,

greater buy in from

• rganisation and individual.

Challenges

• Managing expectations.
• Addressing demand.
• Move from transactional to

relational funders is mostly positive but preparing and managing exit can be difficult.

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