Dan Corry speaking at NPC Ignites 2024.

New Philanthropy Capital Annual Report 2023-2024

New Philanthropy Capital is the think tank and consultancy for the social sector.

Our mission is to help charities, foundations, philanthropists, impact investors, social enterprises, businesses, and the public sector to maximise social impact in the lives of the people they serve.

Through our publications, events, policy work and consulting, we support individuals and organisations, challenge and inspire the sector, and help to create the conditions for impact.

Our annual report includes highlights of our activity and details of our financial review.

New Philanthropy Capital Annual Report 2023-2024 (pdf)

Welcome from our chair, Vaughan Lindsay

This year saw a General Election and a new government.

We were pleased to see some recommendations that we developed, alongside other charities, make it into Labour’s manifesto on youth workers and charities working with prisons. And we joined the election debate with two important publications:

  • ‘Partners for Change’ on how to incentivise and encourage collaboration between government and the social sector
  • ‘Making environmental policy work for everyone’ on how to make green policy fairer, with our recommendations backed by 33 charities.

Crucially, New Philanthropy Capital is able to balance our influence on these big-picture debates with our consultancy work. We are delivering practical improvements in impact for clients every day.

And we’re learning from those experiences, finding lessons that can be shared with and applied to other sectors as well.

This combination of thought leadership and policy work, with hands-on support and advice is what enables New Philanthropy Capital to make an impact at different scales.

Of course, the impact we make is only possible thanks to the excellent and dedicated work of our staff and the continued assistance of our supporters in an increasingly tough environment. I want to thank all of them, for making everything we do possible.

I also want to thank Dan Corry, who stepped down as CEO after 13 years in the role. Dan’s vision and leadership have been central parts in building New Philanthropy Capital into the organisation it is today—focused on impact, helping a range of organisations, and growing in influence.

We are equally excited about the appointment of Jonathan Simmons. Jonathan brings deep experience in leading purpose driven organisation and an exciting vision of collaboration with impact driven organisations and people from all sectors. We are excited to have him join the team.

Under Jonathan’s leadership, the board is looking forward to continuing New Philanthropy Capital’s work to reach more people and organisations, from all sectors, that want to deliver impact.

Finally, I want to thank my fellow trustees for their help in navigating the way forward and achieving our vision.

Vaughan Lindsay, Chair

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Introduction from our CEO, Jonathan Simmons

I am incredibly fortunate to be joining New Philanthropy Capital (NPC) at this time.

I believe the relationship between wealth holders and those that deliver impact is one of the most important in our society today.

I’ve been fortunate enough throughout my career to work with many incredible organisations delivering impact, as well as many generous people and organisations willing to give support. Bringing these two groups together will enable us to address some of society’s biggest challenges.

You can see this as a marketplace, with capital on one side and deliverers on the other. Like any marketplace, effective intermediaries are needed to support growth. It’s clear to me that New Philanthropy Capital is just such an intermediary working across the social sector.

Across the following pages, you’ll see many examples of NPC’s work, including how we help Sport England manage their work with their grantees to deliver impact, or how we advise a range of funders on how they can tackle the youth mental health crisis. We have worked with the Santander Foundation on financial inclusion and the British Red Cross developing their theory of change for climate adaption.

I have been delighted to encounter so many experienced, smart, committed staff, dedicated to the mission of growing and improving the impact of the social sector.

Over the next year, I look forward to meeting NPC’s community so together we can improve our collective impact.

Best Wishes,

Jonathan

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