The EQ Foundation: summer update

Our quarterly update looks at the unprecedented challenges faced by the charitable sector.

FacebooktwitterlinkedinmailFacebooktwitterlinkedinmail   by John Spiers, 15th July 2020

EQ Foundation Quarterly Update - Summer 2020Covid-19 has presented the charitable sector with a perfect storm. Organisations are struggling with a combination of:

  • Sharply increased demand for their services
  • Practical difficulties over delivering those services
  • Significant loss of income.

As a result we expect thousands of charities to collapse, and sadly this will include many that have been doing great work. In this sector the strongest charities are not necessarily those that are the best run, it’s more down to the security of their income streams.

In these challenging times we have continued to be supportive of causes that we have previously identified and in some cases allocated additional funds.

This update covers a number of issues that The EQ Foundation has been helping to address:

  • Early years intervention
  • Environmental action
  • Childhood obesity.

Download your digital copy below.

The EQ Foundation

Since its formation in late 2014, The EQ Foundation has awarded more than £800,000 in grants to a wide range of charitable and non-profit institutions. Our focus has been primarily on UK charities supporting education and employment for people from disadvantaged backgrounds. This reflects our desire to see social mobility improved.

A list of current grantees can be found on the Giving is Great website.

 

About the author: 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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