We focus our charitable activities on the disadvantaged, on young people and on education. Charities are supported on the basis of their effectiveness and impact.
Our charitable giving for the year to 31 March 2014 totalled £250,000. 3i supports the following charities:
The Passage, which is based very near to our London office, has a high impact on the local community. 3i funds The Passage’s education, training and employment department, which provides homeless and insecurely housed people with support to find a way back into employment and explore training and educational options.
Enterprise Education Trust was founded by 3i 36 years ago and we have supported the charity as it has grown and developed. The Trust focuses on improving the financial literacy of 16 to 19 year olds, raising their aspirations and attainment levels, with a particular focus on business, preparing them for further and higher education, training and employment, and promoting links between schools and businesses.
Community Links is based in Newham, one of the most deprived boroughs in London. Community Links provides ‘early action’ work, which includes running youth clubs and safe play areas through to providing advice on debt, welfare benefits, form filling etc. It also carries out specialist intervention work when people are experiencing severe problems such as exclusion from school and prolonged periods of unemployment.
Historic Royal Palaces is an independent charity that looks after the Tower of London, Hampton Court Palace, the Banqueting House, Kensington Palace and Kew Palace. 3i helps fund the Outreach and Community Involvement team, in Kensington Palace, which works with the local community to engage them in activities in and around Kensington Palace. Despite Kensington & Chelsea being one of the wealthiest boroughs in the UK, it also contains pockets of substantial deprivation. The team engages with the local community in a number of ways, including illustrated talks, storytelling and practical workshops and works with a variety of groups including elderly people, young people not in education, employment or training, children from disadvantaged backgrounds and the disabled. It also provides the use of community rooms within the palace for local groups to develop their own activities.
For over 65 years, the National Youth Orchestra of Great Britain has worked to make the potential of Britain’s musical teenagers a reality, inspiring the careers of many of our greatest conductors, composers and performers. Training with top professional musicians and performing in the country’s finest concert halls under the world’s leading conductors, gives young musicians an experience of excellence that has lasting, transformational power.
Being a member of the NYO enables the 165 teenagers, from diverse backgrounds across the country, to develop as confident and imaginative leaders who take responsibility and inspire other young people through performances and creative workshops.
In the UK, we promote the Give As You Earn scheme, administered by the Charities Aid Foundation. 3i contributed £40,000 in the year to 31 March 2014.
3i has a policy of matching the amount raised by UK staff through sponsorship by family and friends of their fundraising efforts for UK registered charities. 3i contributed £16,000 in the year to 31 March 2014.
3i is also proud to be a founding investor in Bridges Ventures, a privately owned UK venture capital company with a social mission.
Bridges was founded in 2002 and has raised a number of funds, all of which have specific strategies to achieve a positive social and/or environmental impact. Bridges currently has approximately £340 million of funds under management in three sustainable growth funds, a sustainable property fund and two social sector funds. More information about Bridges Ventures is available on their website at www.bridgesventures.com.