The Esmée Fairbairn Foundation had a record spend of £49.1m across its grant-making and social investments, and it now has an endowment of £1bn, its 2016 accounts have revealed, which was up from £876m at the same time in 2015.
Civil Society writes:
Esmée Fairbairn said that the portfolio’s annual total return was of 15.9 per cent, which it said outperformed the foundation’s long-term investment objective by 9.3 per cent. In 2015 the foundation launched a new funding strategy which aimed to include a focus on giving unrestricted grants, offering long-term funding, and supporting smaller charities.
Caroline Mason, chief executive of the foundation, said: ‘Looking ahead, we want to enable those organisations and communities that are closest to the challenges of our times and that are blazing a trail in solving them. But we know that we will achieve much more by working with others to do so, and our focus for 2017 will be on building partnerships for driving change.’
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