PHILANTHROPY
ENABLING GIVING WITH CONFIDENCE
Prospero World has been promoting the efficiency and effectiveness of charities since our inception in 2007. We encourage creative philanthropy and provide expert, competitively priced consultancy services to Donors, Foundations and Charities through and non-profit sister association Prospero World Trading Ltd and offer donor-advised fund (DAF) accounts through our charity.
Donors should be confident that their investment in a charity will have a real and direct impact, as well as offer long-term, sustainable benefits. We aim to provide that confidence.
We fulfill our aim by:
-
Providing bespoke philanthropic advice to individuals, companies and grant-making charities wishing to support charities.
-
Providing support to charities and social enterprises, to enhance their efficiency and effectiveness.
-
Incubating new charities and projects.
DONOR ADVISED FUNDS
We offer full-service management of donor-advised funds as tax-efficient philanthropic giving vehicles for donors with myriad benefits. Prospero World handles the administrative, fiduciary and reporting of DAF accounts on behalf of the donor and provides advisory services that include grant management, strategic planning and impact measurement.
Please contact Elizabeth Benoit for DAF fee structure or to learn more: elizabeth@prosperoworld.org or +44(0)7815519088
RESEARCH & DUE DILIGENCE
We conduct due diligence on charities and Social Enterprises and provide robust advice to donors about their tax-efficient giving.
Due diligence involves visiting charities both nationally and internationally, reviewing their constitutional documents and governance arrangements, scrutinising accounts, assessing the financial forecasts of a particular project or a charity’s work overall, assessing whether the purpose of a particular project or wider activities are within the framework of English charity law, and whether the recipient has the necessary expertise and resources to carry out the work which donors wish to support.
MONITORING & EVALUATION
We monitor donations ensuring they have been spent in line with the purpose for which they have been given, and evaluate the impact donations have had. We then report back to donors both verbally and through written reports.
Our monitoring and evaluation work includes site visits, where appropriate. In particular, when donations have been made overseas, Prospero requires charities to adhere to additional reporting requirements to verify the use of funds.
RELATIONSHIP BUILDING
Prospero World nurtures relationships between donors and charities, introducing field experts to donors to either further develop existing fields of interest, or to identify areas of charitable activity that may be of particular interest. As well as organizing private meetings, Prospero World hosts events to showcase the work of exceptional organisations.
CAPACITY BUILDING & RESEARCH
Prospero World advises and supports charities to communicate with donors more effectively. Since our inception in 2007 we have helped build capacity of charitable organisations as far afield East Timor, Singapore and Myanmar as well as in the UK, helping them to improve communication and share best practice models.
The fees we generate through our consultancy service are donated to Prospero World to support our own research costs.
CONTACT US TO DISCUSS YOUR NEEDS
Please contact us if you would like further details about any aspect of our work.
“(The report) was more extensive than I'd expected. It gave not only excellent and honest feedback, but also concrete next steps for HIAM Heath to consider. I'm really impressed with your work, and appreciative of your expertise... Thanks again.
I will be actively looking for opportunities to promote Prospero & the excellent work that you do...”
Tingjung Zhang Co-Founder The Chain Reaction Project, Singapore.
following Capacity Building work in East Timor and the submission of a detailed report about HIAM Health
“The report for external use is a very helpful tool for Aanchal Women’s Aid to showcase our strengths. The report is very helpful in use of language which can inspire new donors to be able to capture the essence, culture and uniqueness of the organisation.
The internal report was much needed for Aanchal to review strategies for future planning. In particular an insight into historic funding streams. The recommendations have provided guidance and enabled us to plan ahead. The Evaluation Report has inspired change.
Sudarshan Bhuhi, CEO of Aanchal Women's Aid
