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Impetus Trust attracts philanthropy visionaries

Date: 05 Dec 2011

Citywealth

Impetus Trust works to break the cycle of poverty by investing in ambitious charities and social enterprises that fight economic disadvantage. Its Advisory Council meets twice a year to debate issues of strategic importance to society, consider how financial and political trends may affect the Impetus portfolio and explore options for delivering its ambitious scale-up strategy which seeks to triple the size of its active portfolio of charities.

The new Council members will blend philanthropic vision with the existing Council’s expertise in private equity, business and the charity sector. Impetus Trust will be drawing on the expertise and experience of the following new members:

Michael Green, independent consultant and writer

Michael Green is an economist, the co-author of the widely acclaimed book Philanthrocapitalism: How Giving Can Change the World and an adviser to the Big Society Network. Michael was a senior official in the British Government, where he worked on international finance, managed UK aid to Russia and Ukraine and served three Secretaries of State as Director of Communications at the Department for International Development.

Elizabeth Riker, Managing Partner, New Profit Inc

Elizabeth Riker is a managing partner at New Profit, a US venture philanthropy organisation specialising in some of America’s toughest social problems, including education, workforce development and public health. Before joining New Profit, she was a consultant at Monitor Group, working with both corporate and non-profit clients on issues of strategy and organisational development.

Jamie Cooper-Hohn, co-founder of Children’s Investment Fund and Foundation (CIFF)

Jamie Cooper-Hohn currently serves as CIFF’s President and CEO. Prior to the establishing of the Foundation, Jamie was Co-Director of Shine Trust, a grantmaking trust supporting children in poverty in England through educational initiatives. She also served as Vice President of Strategic Planning and Development for Gould Partners in New York City, a non-profit collaborative effort aimed at expanding educational opportunities for inner city children and their families.

Commenting on the new members, Impetus Trust chief executive Daniela Barone Soares said, “The role of philanthropists has become even more crucial as governments become less able to meet social development needs with the public purse. Philanthropy is also maturing and partners are expecting more impact for their investment. I am delighted that Impetus is able call on the expertise of these individuals, who bring with them a wealth of critical thinking and hands-on expertise.”

Also joining the Council is Sabine Gardener of Cobalt Partners, a Pan European search firm that works with Private Equity firms and their portfolio companies. Her career combines six years in investment banking with Nomura and CSFB, six years with Spencer Stuart and two years with Duke Street Capital. She set up Cobalt Partners in 2000.

A full list of members and biographies is available. Find out more about Impetus on www.impetus.org.uk.

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