21 December 2018
Christmas is almost upon us. It's a time for giving and receiving, and a time to come together. And we're ending our year doing all three.
Two things we believe in strongly at Impetus-PEF are that it takes patient effort to build great, high impact charities – and that it’s worth it. Last month, we shared four impact stories that show exactly that, showcasing our work with IntoUniversity, The Access Project, Action Tutoring, and Resurgo. And we're excited to keep backing them with a further £3.65 million over the next three years to become stronger, better and bigger.
We couldn't do all of this without the gifts of time, money and expertise from our donors and supporters. And this year you gave generously and innovatively! Hg donated a percentage of their carry from a successful fund, Goldman Sachs became our first ever Transforming Lives Dinner sponsor, and Inflexion rallied their troops to raise a record-breaking £240,000 for our triathlon.
This year, we've come together with others to make a difference too. With the Centerbridge Foundation and Bain & Company we backed Action Tutoring to deliver free GCSE tutoring to more young people. And we joined forces with EEF to help Magic Breakfast and Family Action win a £24 million Government tender to bring their programmes to 1,770 more schools.
And whatever happens in 2019, we have a lot to look forward to at Impetus-PEF: backing our charity partners to continue delivering the best for disadvantaged young people, bringing new charities into the fold, major research on the jobs gap affecting young people from poorer families, and an exciting programme of events so you can all get involved.
So, on behalf of the Impetus-PEF team, I want to wish all our charities, donors, pro bono supporters, and our partners a very merry Christmas and a happy New Year.