The Legatum Foundation, the development arm of the Legatum Group, allocates capital to projects, people and ideas that create sustainable prosperity amongst the poorest and most marginalised in society.
HELPING THE POOREST IN SOCIETY
Over the years we have seen first-hand how people can create sustainable lives for themselves and those around them when given the opportunity. When bottom-up solutions developed by an organised community are combined with a flourishing private sector enabled by a supportive government, millions of people living in poverty can enjoy better lives.
Our investment heritage combined with our development experience has led to the launch of philanthropic investment funds that tackle global challenges such as abolishing modern slavery and ending Neglected Tropical Diseases. These philanthropic investment funds are dedicated charitable funding vehicles open to external investors. Operating with the discipline and transparency of an investment fund, our goal is to mobilise hundreds of millions of dollars to scale up proven interventions globally.
Through the Legatum Foundation, Legatum invests in community-based organisations and projects that have improved the lives of over 270 million people through nearly 1,500 projects in more than 100 countries since 1999. In many cases, only a modest initial grant is required to build upon an existing project and to ensure its sustainability. These projects are clustered into a series of Strategic Initiatives, each lasting three to five years. This approach maximises the impact of the grant and provides enough time to produce measurable results without encouraging over-reliance on a single donor.
Launched in 2012, the END Fund is dedicated to controlling and eliminating Neglected Tropical Diseases (NTDs). NTDs are diseases of poverty that debilitate, blind, disfigure and cause early death to an estimated 1.4 billion of the world’s poorest people. To date, the END Fund has reached over 238 million people through mass drug administrations, trained over 230,000 health workers, and helped thousands of people with NTD- related surgeries.
The END Fund focuses on tackling the five most prevalent NTDs, all of which can be treated by medicines generously donated by pharmaceutical companies to multi-million dollar and multi-year national mass drug administration programmes.
As an early investor in NTDs and the END Fund, Legatum’s goal is to mobilise $1 billion in private donations and see at least one billion people treated within the next ten years. We want to see the eradication of many of these debilitating diseases within our lifetime.
More than 30 million people are trapped in modern slavery, forced to work in brothels, mines, sweatshops, plantations and fishing fleets around the world. Founded by Legatum Foundation in 2013 in partnership with Humanity United and Walk Free, the Freedom Fund is an active ingredient in a new abolitionist movement that is raising more than $100 million for the fight against modern slavery.
Building on fifteen years of anti-slavery work funded by Legatum Foundation, the Freedom Fund generates private funding, demonstrates how effective interventions can protect those at risk of being enslaved, invests in countries with the greatest incidence of slavery, brings together a community of activists committed to the cause and, ultimately, aims to bring an end to modern slavery. Legatum hopes through the Freedom Fund to catalyse over $1 billion in new private antislavery investments over the coming decade.
At least 60 million primary-school-aged children are out of school globally due to illness, poverty and lack of security. Facing a life of illiteracy, most will live in a debilitating poverty that will pass to future generations.
Speed School is an accelerated learning programme operated by the Luminos Fund which equips out-of-school students with basic reading, writing and math skills. The programme enables those children to compress three years of curriculum into ten months, after which they can re-enter the public school system.
To date, the programme has focussed on Africa and helped over 125,000 children excluded from the education system get back into school.