We define philanthropy as the giving of resources in an engaged and strategic way for maximum impact and in a tax efficient manner. It can include the giving of money, assets, time, talent, voice and one’s social capital. We believe in the power of philanthropy as a great social connector and the source of many great opportunities.

City Philanthropy

A Wealth of Opportunity

Impetus-PEF invests £400k in tuition for under-privileged students

Sep 3rd 2014
Tutoring can give disadvantaged children a leg up
Tutoring can give disadvantaged children a leg up. Copyright: Elizabeth Albert/ Creative Commons

Impets-PEF has invested in four new partner charities, reports Emily Wight.

Venture philanthropy network Impetus-The Private Equity Foundation (Impetus-PEF) has invested £400,000 in four new partner charities to level the playing field between privileged and under-privileged students..

The Access Project, Action Tutoring, The Brilliant Club and Team Up have each received £100,000 as well as strategic management advice. All four charities provide one-on-one or small-group tutoring to children from disadvantaged backgrounds.

The move complements Impetus-PEF’s venture philanthropy model, whereby skilled experts offer their business expertise on a pro bono basis, to support capacity-building activities for charities working in educational attainment and work readiness. Impetus-PEF also provides hands-on management support to the chief executive and senior management of the charity through its investment team members, all of whom are skilled in consultancy and finance.

Action Tutoring and Team Up provide extra tuition to young disadvantaged GCSE students who are at risk of underachieving. The Brilliant Club and The Access Project both tutor students hoping to go to selective universities.

In 2013, only a third of young people from low income backgrounds gained five A*-C GCSEs (including maths and English), compared with two-thirds of their better-off peers.

Impetus-PEF Chief Executive Officer, Daniela Barone Soares, said that traditionally, it is wealthier children who receive private tuition, but Impetus-PEF is attempting to level the playing field. “This extra attention - usually unaffordable for young people from low income backgrounds - can make all the difference between attaining the “golden five” GCSEs or not, and between accessing high-quality university education or not.”

Do you work in venture philanthropy? Do you use your skills to tutor disadvantaged children? What do you think of this scheme? Leave your comments below, tweet us at @philtanthrocity or email editor@cityphilanthropy.org.uk

 

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