Tag: Friends Provident Foundation

The Foundation Practice Rating into the performance of charitable foundations is released

Stuart Mitchell

The annual Foundation Practice Rating (FPR) report into the performance of charitable foundations is now available. The Foundation Practice Rating (FPR) is an objective assessment of UK-based charitable grant-making foundations. It looks at foundations’ practices in three important and interlinked domains of practice: diversity, accountability and transparency. The report has found continuing improvement in the sector, with more organisations scoring high scores across the board and fewer recording the lowest marks. Giving Evidence – the researchers who compiled the report, gave a hundred foundations ratings from A to D on…

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Friends Provident Foundation to triple capital allocation.

Stuart Mitchell

Friends Provident Foundation has announced it will more than double its investment in award winning impact fund Snowball with immediate effect and will invest a further £1m for every £10m Snowball raises. This forms part of the foundation’s new strategy, which puts greater focus on its investment activities to better utilise its whole endowment for mission. This includes via impact investing and shareholder and asset manager engagement. The foundation’s allocation to impact investing has increased from 10 to 33% of its endowment. Snowball is a diversified, multi-asset class, impact fund…

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