Friends Provident Foundation is an independent charity that makes grants and uses its endowment towards a fair, resilient and sustainable economic system that serves society. They connect, fund, invest and share learning to shape an economy that works for all.
Mission and strategy
The economy lies at the heart of today's biggest issues. Their economic system produces inequality, environmental degradation and undermines good business and behaviours. It shouldn't have to be that way.
Their mission is to help create a ‘fair economy, better world’. Their strategy contributes to the delivery of this mission in three ways, through:
1. Giving grants.
2. The way they manage their investments.
3. Their power to convene and communicate.
The problems they face are urgent, including the huge changes to the nature of work, major regional economic imbalances, and long-term environmental issues, such as climate change, that have the potential to impact on the economy. In light of this, they’ve made some decisions to change the way they operate.
Using all of their resources – spending capital
They will use their capital endowment, not just their income, to fund suitable quality projects.
They will consider more core funding of organisations with whom they have built a relationship of trust.
Aligning their investment and operations – Investment Engagement
The Foundation has developed a new function – investment engagement. Trustees identified some key themes to underpin and focus their proactive work, drawn from what they have learned so far or key developments in their programme areas.