Windover Bay was proud to take part in the ‘Innovation in Philanthropy’ event, hosted by the Institute of Fundraising.
There is £17 billion in cash sitting in the bank accounts of UK charities, earning just 0.1%. Delegates learned from Richard Dutton, CEO of Windover Bay how a unique collaboration between social investors and specialist investment managers was generating a return of up to 3%.
Richard was joined at the event by fellow panellists Carlos Miranda, CEO of IG Advisors; Michelle Stein, Senior Philanthropy Manager at WaterAid and Patrick Fietje, founder of Tavira Securities.
Patrick was a fan of the Windover Bay model. He said: “In a low interest environment, charities are forced to look at their cash management models…and the Windover Bay model gives charities a genuine alternative to investing their cash with better returns while maintaining the safety and liquidity of their funds”.
Read the full summary here.