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Supporting charities during...

9 April 2020

1 min read

Supporting charities during the Covid pandemic

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.

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 Spiers


Chair

John is Chair of EQ. After gaining an MA in Engineering at Clare College, Cambridge he went into the City as a research analyst for 10 years then, in 1986, he set up Bestinvest. Over the next 20 years it became a leading private client advisory and wealth management business with over 50,000 clients and was acquired by 3i in 2007. In 2014 John acquired EQ and acted as CEO until 2021. During this period it became one of the first UK certified B-Corporations, enjoyed industry leading organic growth and won multiple awards. He also established and continues to lead The EQ Foundation - a registered charity that is at the forefront of driving change in that sector. John enjoys competing in historic motorsport and croquet.

Recent articles by John

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View from the Chair: Capitalism is under threat

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