Impetus Trust and Private Equity Foundation merger, board

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 – 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 ( 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?

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