LankellyChase Foundation: Social Investment

Archived Addiction and substance misuse Communities Community and neighbourhood development Health promotion Health, wellbeing and sport Housing and homelessness Poverty and deprivation Social welfare and poverty Un/Employed Antrim & Newtownabbey Ards & North Down Armagh City, Banbridge & Craigavon Belfast City Causeway Coast and Glens Derry City and Strabane England Fermanagh and Omagh Great Britain Lisburn and Castlereagh Mid and East Antrim Mid Ulster Newry, Mourne and Down Northern Ireland Republic of Ireland Scotland Wales Large (over £60,000) Medium (up to £60,000)

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Overview

Social Investment

The Trustees of the LankellyChase Foundation have agreed to use £5 million of their capital endowment (roughly 5%) to establish a Social Investment Fund.

Social investment is defined as investment that seeks to make a social impact and provide a financial return to the Foundation.

It is the Trustees intention to continue to make investments at a rate of approximately £1 million a year, to continue to learn from the individual investments and to consider the potential to increase the Social Investment Fund by a further £ 5 million in due course.

Criteria

The Foundation wants to :

To identify organisations which are focused on severe and multiple disadvantage and to offer investment to enable them to increase their reach, effectiveness and sustainability
To work with other Foundations and intermediary bodies to create and invest in new social finance vehicles, such as social impact bonds
To work in collaboration with other Foundations to ensure that the social finance infrastructure required to support the sector is properly developed
To lead the debate on the role social investment should play in reaching those in the greatest need.
To compliment the Foundations grant programme and special initiatives

The maximum investment is £500,000 to any one organisation and given the extensive nature of the assessment process a minimum investment of £50,000

The Foundation is able to make secured and unsecured loans, to make funding available for working capital, to consider equity investments, to purchase shares in companies, participate in limited liability partnerships and time limited Bonds.

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