Phitrust Endowment Fund finances and supports entrepreneurs who develop a project with a societal mission while using the traditional management methods. It was created to identify, validate, finance and support projects of social entrepreneurs. The dossiers reviewed by the Phitrust Endowment Fund are reserved for associated organisations in the creation or development phase.
Phitrust Endowment Fund was created in 2009, with the aim of financing and supporting any social innovation project led by European non-profit organisations promoting social entrepreneurship. The Endowment Fund identifies and supports social innovation projects capable of responding in the long term to societal issues. It sees societal innovation as the pillar of a collective success.
Homeblok offers a modular, transportable, high quality and low priced housing prototype made of wood and recycled shipping containers.
La Ruche du Médoc
La Ruche du Médoc promotes the creation of an economy through the creation of small agricultural enterprises (TPE), well anchored in the local market.
On Purpose manages a leadership program aimed at training young professionals who want to use the company's opportunities to make a positive impact on society.
Passerelles & Compétences
The association Passerelles & Compétences connects solidarity associations and professionals, as part of specific volunteer missions.
La Voûte Nubienne
The Nubian Vault trains the best masons in the entrepreneurial craft capable of managing the development of the VN worksites.
The Phitrust Foundation supported, with Agrisud, the creation of agricultural micro-enterprises in Cambodia.
APFEE's mission is to act to enable every child, regardless of their social or family environment, to have access to a path of academic success.
Ashoka is a non-profit organization that accelerates social innovation by supporting the most impactful entrepreneurial solutions in all areas of society.
Mains Libres offers to its homeless members the possibility of depositing their luggage in a locker morning and evening, in complete safety.
The Phitrust Endowment Fund provided support for the training and installation of bush doctors in Madagascar.
From 2005 to 2008, SOS Sahel developed a program to support the development of income-generating activities that could substitute for cutting timber.
Phitrust Endowment Fund selects innovative, replicable projects capable of generating long-term sustainable economic activities. This approach requires rigorous analysis and monitoring of the project’s social impact as well as its management and governance. That is why, beyond financial support, the Phitrust Endowment Fund assists projects in their development strategy.
Phitrust Endowment Fund offers its donors the opportunity to engage not only in the funding of innovative projects, but also in the personal monitoring of these initiatives.
ANALYSIS AND SELECTION
Phitrust Endowment Fund has implemented methods of analysis from the world of traditional venture capital, which allows it to identify, select and support the projects in the medium term, providing a solution to a social or environmental issue.
This process of analysis and selection of cases for funding follows a rigorous methodology that brings together the complementary skills of professionals from different backgrounds.
MONITORING AND SUPPORT
Phitrust Endowment Fund acts as a responsible donor to projects run by social entrepreneurs. In doing so, it supports organisations in the long term in their development strategy, particularly by relying on the network of its donors.
The expertise of Phitrust members and their ability to call on their own networks to help funded projects grow is a key part of the strategy.
Depending on the social impact objectives established while respecting a financial balance, measurement criteria are defined with each project leader at the initial stage of the donation. A quarterly follow-up of these criteria is conducted by the Phitrust team to determine the evolution of each project in terms of both social impact and budget compliance.
The Board of Directors validates donations, to strategic thinking for development. It determines the programme of actions, supervises, controls the management and regulates, through consultations, the business of the Endowment Fund. The Chairman examines all the cases submitted to the Board of Directors and chairs the discussions.
The Board of Directors
■ Jean-Louis de Montesquiou
■ Patrick Bertrand
Founder, Passerelles et Compétences
■ Jean-Marie Destrée
Deputy general manager, Fondation Caritas
■ Olivier de Guerre
The merger between Essilor and Luxottica has been presented to shareholders as a merger of two firms of similar size, with balanced governance for the new structure, EssilorLuxottica.
At a General Meeting held on 17 July 2018, the shareholders voted in favour of the acquisition of Alstom by Siemens. What a pathetic decision, when at the announcement of the discussions with Siemens the executives and the board of directors sold the idea of a “merger between equals”!
Without contesting the strategic interest of the merger between these firms, this operation being presented as a merger “between equals” which is – if it is approved in these conditions – a takeover of Alstom by Siemens, and harms the minority shareholders with an insufficient control premium and is unsatisfactory in terms of governance.