A transformative pledge of £30 million from philanthropist Paul Marshall will enable LSE to establish the Marshall Institute for Philanthropy and Social Entrepreneurship. The Institute, based in LSE’s recently acquired site at 44 Lincoln’s Inn Fields, will be dedicated to improving the impact, effectiveness and appeal of philanthropy and social entrepreneurship. The gift, the largest private donation in LSE’s history, will support both the programme and its facilities.
The Institute will become a leading centre of expertise in the field of philanthropy and social enterprise, providing research, teaching and a collaborative forum to enable current and future leaders in the field to use research-based knowledge that addresses social issues, advances public and private enterprise, informs citizenship, and puts philanthropic funding to best use.
Sir Thomas Hughes-Hallett, who will be the inaugural Chair of the Institute, said: “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 LSE allows us together to create this international centre in London. I am excited and honoured to have been appointed as its first Chair.”
Chris Yates, Director of LSE Advancement, said: “Since LSE was founded, the stated aim of the School has been the betterment of society. That goal remains paramount and this new Institute and the philanthropy that makes it possible profoundly demonstrate our continuing commitment to that end.”
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, and will prioritise innovation above all else.
More information on the Marshall Institute for Philanthropy and Social Entrepreneurship can be found at www.lse.ac.uk/marshallinstitute/ or you can read the School’s full press release.