The London School of Economics and Political Science (LSE) announces the creation of The Marshall Institute for Philanthropy and Social Entrepreneurship, designed to improve the impact, effectiveness and appeal of private contributions to the public good.
Founded by Sir Thomas Hughes-Hallett and Paul Marshall, The Institute plans to work with the best of the world’s thinkers to solve the worst of the world’s problems. It will inform and coordinate the efforts of activists, researchers, private citizens, foundations, corporations, public bodies and social entrepreneurs.
Created with the assistance of a £30 million donation from Paul Marshall, The Marshall Institute will equip the foremost figures in the field, and leaders of the future, with the knowledge they need to put philanthropic funding and social endeavour to best use. The Institute will achieve its purpose through four core activities:
Learning- A first class master’s programme and a range of other certified courses will prepare a cadre of leaders to become the change makers of tomorrow. Teaching will mix academic excellence, practical learning and place-based experience. Courses will include executive education programmes, evening courses, distance learning and incubation programmes for social entrepreneurs.
Research and development – Research and development will provide insights and solutions to policy makers and practitioners. The Institute will conduct research into how philanthropy and social entrepreneurship work, the conditions under which they work best, and how their efficacy can be evaluated. Particular attention will be paid to how technology and new and innovative forms of financing can be harnessed; how the creation of new ventures can be stimulated; and how such ventures can best be provided with the knowledge that they need to succeed.
Community – The Institute will provide a global forum to convene the best thinkers and practitioners who are developing policy and innovation to tackle the world’s problems. Public bodies, businesses, and major stakeholders will all be brought into The Marshall Institute to explore ways of maximising the impact of private contributions to the public good.
Stewardship – The Institute will serve as a leading curator of data and research from around the globe, bringing together knowledge and case studies from all sectors and geographies to assist philanthropists and social entrepreneurs in achieving maximum impact.
To guarantee global impact, The Marshall Institute will draw upon the exceptional expertise and resources of existing departments and institutes within LSE. The Institute will also build collaborative partnerships with other leading higher education institutions, influential policy makers and practitioners operating at the frontier of change. It will prioritise innovation above all else.
Sir Tom Hughes-Hallett:
“Private contributions to the public good of time, talent and treasure will be the crucial ingredients of a successful society and a new, more responsible model of capitalism.
There is great need and demand for an institution that combines practical experience and academic rigour to produce the future leaders of philanthropy and social entrepreneurship. The combination of a major gift from such an experienced philanthropist and social entrepreneur as Paul Marshall with the international reputation of the London School of Economics allows us together to create this international centre in London. I am excited and honoured to have been appointed as its first Chair.”
“It is a great honour to team up with the London School of Economics to launch The Marshall Institute. LSE has always been a pioneer and innovator in teaching and learning, exactly the qualities we are seeking for The Marshall Institute.
London is the most exciting City in the world, a crossroads for global commerce, learning and creativity, and it is fitting that our new Institute will be situated at the heart of this great City.
Tom Hughes-Hallett is one of the most dynamic and thoughtful philanthropists in the country and we are so delighted that he has agreed to act as our first Chair.”
LSE Director, Professor Craig Calhoun:
“LSE was founded to address the great social challenges of our age - from poverty to urban growth and economic development. Our research has informed effective philanthropy worldwide over the past 120 years and our graduates are among the world’s leading social entrepreneurs.
The Marshall Institute brings extraordinary new capacity to this effort. It will nurture deeper understanding of how philanthropy and social entrepreneurship work, and deliver improvements in philanthropic performance and leadership.”
Paul Marshall is chairman and chief investment officer of Marshall Wace LLP, one of Europe’s leading hedge fund groups. Paul is also a founding trustee of ARK, the children’s charity, and chairman of ARK Schools, one of Britain’s leading academy chains.
Paul was appointed lead non-executive director of the Department for Education in 2013. Paul is also chairman of the management committee of Centre Forum, the liberal think tank.
Paul has written widely about education and other topics. He was author of “Tackling Educational Inequality” (2007) and editor of “The Tail: How England’s schools fail one child in five” (2013).
Sir Tom Hughes-Hallett spent 25 years in the investment banking world, creating a new investment banking business in the 1980's, before becoming CEO of Marie Curie Cancer Care from 2000 to 2012. In 2011 Tom chaired the independent UK Philanthropy Review, The Palliative Care Funding Review for the Government in 2011, and The Who Will Care Commission in 2013 - aimed at finding five high impact solutions to prevent a future crisis in health and social care in Essex.
In 2013, he was knighted by the Queen for services to end of life care and charity and presented with a Beacon Fellowship for Philanthropy advocacy.
Tom is now chair of the Chelsea and Westminster Hospital and director of the King’s Fund (the healthcare think tank). He is an adjunct professor at The Institute of Global health innovation at Imperial College London. Tom is also a trustee of the Esmée Fairbairn Foundation which was created by his great uncle in the 1960's. Tom has formerly been chairman of English Churches Housing Group and the Michael Palin Centre for Stammering Children.
25 April 2015