New Gen UK Study Tour - Day 5

By: Sally Garis, New Generation of Giving Coordinator, Philanthropy Australia.

Without doubt, one of the highlights of the week, was our time with Oak Foundation.

Oak commits its resources to address issues of global social and environmental concern that have a major impact on the lives of the disadvantaged. Their approach involves targeting the root cause of problems, funding approaches that can be replicated across sectors of geographical locations. This include plans for sustainability in the long-term.  

We were joined by Dr Kristian Parker who is a Trustee of Oak and the son of Alan Parker, Founder of Oak.

It was great to have Kristian, a second-generation family member, share his experiences with the group about their families approach to decision making and setting the direction for the foundation. Kristian is responsible for Oak’s environmental program at the board level and his siblings share responsibly for other program areas.  

With a PhD in marine biology, Dr Parker is more than qualified to set the strategic direction of the environmental program and this speaks to the deep level of commitment and engagement he has with the foundation and the causes areas it supports. Allocating different program areas to each sibling is also a clever strategy to avoid conflicting opinions on strategy at the board level.

An important outcome from the discussions with Oak (and Virgin earlier in the week) was that many in the delegation were inspired to direct greater attention and funding towards the environment. Some of the pressing environmental issues were raised in discussions throughout the Study Tour.

To end what has been a massive week, we were hosted by Lombard Odier – an independent private Swiss bank that manages over USD $200 billion in assets, providing wealth and asset managing services for private and institutional clients. We were joined by the heads of impact investing and philanthropy who shared their impact investment case studies and approaches to engaging clients in philanthropy and impact investing. A fitting way to close an enriching learning experience.

Nov. 07, 2015

 Tags: new generation of giving

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