Two leading UK venture philanthropy funds are to merge – an interesting move and one which again underlines the clear business-like view of venture philanthropists. It’s a move that many philanthropists will welcome – particularly those who criticise the non-profit sector for duplication of effort.
The only downside is that the new entity’s board – announced in a press-release here http://bit.ly/13SEOxb – is all-male. This ties in with the gender imbalance that we identified in our 2011 report “The Venture Philanthropists,” in which we noted that 80% of board members are men.
In May 2012, Mama Cash launched a report (http://www.mamacash.org/page.php?id=2788) showing that only 4.8% of European foundation spend was directed at women and girls. Could this be in part caused by the male dominance of leadership roles in European foundations?