Great Fundraising Organizations, by Alan Clayton. Book cover.

CAF launches ‘evergreen’ cause-universal social investment fund

Melanie May | 10 September 2024 | News

Two women (one in a wheelchair) sit at a table by a computer, talking. By Marcus Aurelius on Pexels

Charities Aid Foundation’s (CAF) new Venturesome Impact Fund is described by CAF as an ‘evergreen’ fund, remaining continuously open for applications. It is also cause universal, to enable social purpose organisations to access affordable, repayable finance to grow and improve their resilience.

The Venturesome Impact Fund opens with £10mn of philanthropic capital from CAF’s private clients, businesses and other foundations, with the goal to grow available funding to at least £20mn.

Most social investments will be unsecured loans since many social purpose organisations do not have property assets that can be used as collateral and can struggle to access finance from banks. For smaller organisations that face additional income pressures, the fund can also offer blended finance packages that are part loan and part grant.

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The new fund will provide:

Ashling Cashmore, CAF Head of Impact and Advisory said:

“As we mark our centenary this year, we are excited to launch our new ‘always-on’ social investment offering to provide what social purpose organisations say they need from social investment and address where there are currently gaps in the market.

 

“The Venturesome Impact Fund allows one pot of money to benefit many different organisations and causes throughout the UK. Helping them to grow and accelerate their impact will improve communities and individual lives, and have a positive influence on the environment.”

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