Sowing the Seeds of Future Growth
The Alquity Virtuous Circle
The Alquity Transforming Lives Foundation (“The Foundation”) is a UK registered charity (Number: 1162494) that distributes the revenues set aside by the Alquity business through grants and other forms of finance to charities and social enterprises in the regions in which the Alquity funds invest. The Foundation is governed separately from the Alquity business. The board of trustees consists of independent charity and business impact experts alongside Paul Robinson, Executive Chairman and Founder of Alquity. Full details of the current Board of Trustees can be found below
Alquity Investment Management is an asset management business that connects investors to their investments and social progress in order to deliver better outcomes for all.
At the heart of Alquity lies a fundamental belief that by aligning the values of investors, employees, holdings and communities we can deliver enduring success.
Transforming Lives is how Alquity actively participates in the economic development of the communities within the regions in which we invest. We do this from the ground up, creating opportunities for individuals and communities to pursue and realize their ambitions. In this way we help build fairer more sustainable economies that respect all their constituents.
By harnessing this energy and talent, economies create wealth and provide more opportunities for businesses, including our fund holdings, to grow over the long term. This helps our funds deliver attractive returns for our investors and completes the Alquity Virtuous circle.
The Foundation is governed by the Charity Commission for England and Wales and submits an annual report on its activities. These can be viewed on the charity commission website (www.Charitycommission.gov.uk)
The focus of the Foundation is on social and economic challenges that changes in corporate behaviour alone cannot address. In so doing, the Foundation grants help develop fairer, more sustainable economies that deliver inclusive long-term growth.
Specifically, the Foundation focuses on:
- Providing access to formal education and employment
- Targeting sections of the community discriminated against or excluded due to social norms and pressures
- Providing support and access to finance to overcome poverty traps and help responsibly run small and medium enterprises to scale and create employment opportunities.
The Foundation was established with a remit to achieve the following charitable objectives:
- To contribute to sustainably improving the economic situation of the poorest communities in the countries where Alquity invests
- To support local entrepreneurs and small to medium enterprises to develop or grow their businesses
- To provide loans for cooperatives to increase their household income and better care for their families
- To invest in formal education for young adults
- To invest in vocational and business training for young adults
- To increase the relevant skills available in underdeveloped communities to make them an attractive place for businesses to start and develop
- To make a tangible contribution to the Alquity business through enhancing the product offering and engaging clients, employees and partners
The Foundation has a clear selection process for identifying best in class organisations and projects to support. Through the selection process, the Foundation aims to ensure that its grants provide sustainable support for local communities as opposed to a one-off symptom relief.
The foundation has an application form document publicly available with which organisations can apply for a grant. Alternatively, the process commences with the Foundation sending an application form to potential organisations, which it has identified as working in areas it wishes to target in line with the charitable objectives.
Proposals received must include:
- Background and structure of the charity organisation and individuals
- Breakdown of historical income sources and costs incurred in delivery of services (i.e. what proportion of donation is committed directly to impact delivery)
- Previous partnerships experience and two testimonials from significant independent donors
- How the delivery and impact of services is monitored and evaluated.
- How the charity can work with the Foundation to support communication of its impact to Alquity employees, partners and customers
The Foundation seeks to work with organisations with demonstrable excellence in delivery of projects and this is determined through references, reputation and the receipt of credible awards. The Foundation values accountability and transparency and will only work with organisations that are able to provide full financial audits, together with monitoring and evaluation processes evidenced through risk management policies, for example, bribery, child protection, sexual harassment and anti-corruption policies.
Successful organisations are selected upon the quality of their submissions, external validation and alignment with the Foundation’s objectives. The Foundation will only engage in a partnership once the appropriate due diligence of the proposal has been undertaken. The timing of the donation will also be selected to ensure it will generate the maximum impact.
The Foundation trustees may vary the above process or outsource elements of the charity due diligence to 3rd parties, however the final grant making decision is retained by the Board of Trustees.
As the Foundation supports a range of projects in different regions, it is impossible to use a single definition to quantify the overall impact. The Foundation takes a pragmatic approach leveraging the expertise of its charity partners alongside its own monitoring and evaluation process to amalgamate the numbers into meaningful measures that are comparable and transparent.
The Foundation uses two key metrics to assess projects, both or just one may apply:
- Lives Transformed: We define a “life transformed” as one where the intervention has made a significant, tangible and lasting improvement in the life and future prospects for that individual. This is defined with specific metrics for each project. For large projects, we expect representative sample data to enable us to accurately state the number of lives transformed.
- Lives Impacted: We define a “life impacted” as one where the intervention has directly or indirectly improved the life or future prospects for that individual. We will define this for each project along with metrics already provided by the charity partner.
The Foundation is currently developing a third metric, which has been provisionally called Economic Value Released (EVR). Our impact premise is that we are creating the opportunities for individuals to deliver the latent potential in themselves and the community in which they live, which otherwise would have remained untapped. The EVR will be expressed in USD. The intention is for this metric to be calculated directly from the “lives transformed” number but may also include other network effects (i.e. the sum of the whole may be more than of the individual parts). The Foundation is actively working with existing charity partners to define and measure the EVR for their projects.
It is critical for the Foundation that all the metrics reported are evidence-based and represent an accurate assessment of the impact of the projects. All projects are established with phased targets that are tracked; with any significant divergence addressed directly with the charity partner.
Here you will find all of the Alquity Transforming Lives literature, including our brochure, Grant Application Form and Articles of Association. If you cannot find what you are looking for please use the contact form below and we’ll send the documents over to you right away.
Tel +44 (0) 207 557 7850