Supporting charities during Covid-19

Charities are amongst the hardest hit organisations in this crisis. For many the demand on their services has increased at the same time as their sources of funding have disappeared. At The EQ Foundation we’ve tried to reassure our favourite charities that committed future pledges from us will be honoured, while also stepping up our rate of giving to respond to urgent needs.

FacebooktwitterlinkedinmailFacebooktwitterlinkedinmail   by John Spiers, 9th April 2020

It’s a natural instinctive reaction during times of high stress for people to become more inward looking and ensure their personal stability before trying to help others, but this is creating a nightmare scenario for charities. Here are some examples of how The EQ Foundation is trying to help:

The Big Issue

For nearly 30 years The Big Issue has played a vital role in society, supporting well over 100,000 vulnerable people to earn a legitimate income and lead more stable and fulfilling lives. Under the lockdown their operating basis of street vendors of the excellent magazine simply can’t operate, so they are now selling it via retailers and subscriptions. We have made a donation to help support their infrastructure and also encourage anyone else who values the incredible work they do to subscribe for the magazine.

City harvest

We first supported City Harvest in November because we liked the way they are able to recycle food approaching its Best By date to charities dealing with homeless and other vulnerable people. That continues but they have also started channelling food to NHS staff, so we made an extra donation.

Beam

Beam is a really innovative charity that aims to provide homeless people with the skills they need to become self-sustaining members of society. We were really impressed with the business plan and with the track record of the entrepreneurial CEO Alex Stephany.

The Bike Project

The Bike Project collects and refurbishes secondhand bikes. Some of these are sold but most are donated to refugees, providing them with an essential mode of transport and exercise while they wait (often for years) for their cases to be determined.

You can read more about our work on the Giving is Great website.

John Spiers

John is the CEO of EQ. After gaining an MA in Engineering at Clare College, Cambridge he went into the City as a research analyst for 10 years.

In 1986 he set up Bestinvest and over the next 20 years it grew to become a leading private client advisory and wealth management business with over 50,000 clients. In 2007 Bestinvest was acquired by 3i.

Since then John has built up a portfolio of other interests, including the establishment of a Foundation to support various charities. He has taken a particular interest in projects aimed to increase the use of Early Intervention to reduce child abuse. He has also retained a close interest in investment, being a Fellow of the Chartered Institute for Securities and Investment and a member of the Investment Committee for Clare College.

John enjoys competitive sport and participates in historic motorsport and international croquet.

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