Tag: Philanthropy

  • Tom Pauk: Meet the Mentor

    Finito World caught up with Finito Education’s likeable and passionate senior mentor, Tom Pauk

     

    Tell us about your career before you joined Finito.

     

    After studying drama, my efforts to become an actor ended with a whimper rather than a bang, and I retrained as a solicitor. The career that followed was a “game of two halves”, half-time marked by the global financial crisis of 2007-08. In the first half, at City law firm Allen & Overy, then in-house at American bank Citigroup, I’d specialised in large cross-border lending transactions.

    In the second, I helped restructure loans borrowers had taken out in more prosperous times but were now struggling to repay. After leaving the bank in 2017, I began mentoring young men in prison, returned to Allen & Overy, now in a role mentoring lawyers in the early stages of their careers, and began writing plays. My professional life, it seems, had come full circle!

     

    Did you feel your education prepared you for the workplace?

     

    A degree in drama could not have prepared me better for the cut and thrust of commercial law, an above-all collaborative endeavour with a diverse cast list of characters, long “rehearsals” with unfeasible deadlines we somehow always managed to meet. At the conclusion of an especially high-profile deal there was the added satisfaction of reading the “reviews” in the financial press.

    The practise of law is essentially an exercise in problem-solving. In my case, a love of modern languages and playing the violin had also prepared me for the intellectual rigour of law, and I was even able to use my mother tongue Hungarian in transactions with Hungarian clients. So to anyone reading this wondering whether a knowledge of an obscure language might prove useful one day, the answer is a resounding Yes!

     

    Did you benefit from mentorship during your career?

     

    When I’d started out, mentoring was still very much in its infancy. Fortunately, I was able to benefit from the law firm equivalent, the “seat” system, under which trainee solicitors move from one department (or seat) to another every few months to build up expertise in different areas of a firm’s practise. Each seat is supervised by a senior lawyer — part mentor, supervisor and critical friend — overseeing a trainee’s professional development.

    Over the course of my training contract I was exposed to a variety of mentoring styles, which then shaped my own approach when I assumed the role. But I continue to benefit from ongoing, less formal mentoring in the shape of the extraordinary people I encounter and who inspire me with their wisdom. So in actual fact I’ve never really stopped being mentored.

     

    What are the most common misconceptions about a career in the law?

     

    I think there’s a general (mis)perception that law is a dry, bookish occupation, and that lawyers are aloof from the rest of society, be they pin-striped solicitors in their ivory towers or wigged-up barristers bowing obsequiously in courtrooms. In fact lawyers are widely dispersed throughout society, in the public sector (civil service, local authorities, regulatory bodies), in companies and banks, charities and NGOs. If you’re a young person considering a career in law you’ll be able to select from a wide range of specialisations that play to your unique skills and interests.

     

    Mental health is a particular passion of yours. Can you describe how your interest in that area came about?

     

    There were occasions, especially early on in my career, when my mental health was impacted under the pressure of work. Symptoms included poor sleep, high anxiety and irritability, and a compulsion for checking work emails 24/7. Back then, there was a stigma around discussing one’s mental health, let alone seeking help when you needed it. Worse, it was regarded as a sign of weakness, possibly even career-limiting, to self-disclose. So one’s natural instinct was simply to keep quiet and soldier on.

    Thankfully, we’ve evolved to a more enlightened view of wellbeing in the workplace, with a plethora of interventions designed to promote a healthy mind as well as body, including mental health first aiders, mindfulness, and discouraging staff from checking work emails after hours. Eight years ago, the memory of my own experience led me to train as a volunteer at a mental health charity. At The Listening Place I’ve seen vividly for myself how poor mental health can quickly escalate into crisis, and how being truly listened to can be life-saving. Literally.

     

    Work-life balance is something you’ve been vocal about. What are the most common pitfalls people fall into there?

     

    Most people understand the importance of achieving a sensible work-life balance, at least intellectually,  And it’s hard to argue against. But here’s the challenge: we’re not necessarily aware of the pendulum as it is swinging in the wrong direction. Whether it’s staying ever-later in the office, checking, or worse, responding to emails at weekends  (“because it’s already tomorrow in Tokyo”), before we know it life is work and work is life. Of course we tell ourselves that it’s only temporary, that as soon as we’ve broken the back of whatever it is we’ll take our foot off the accelerator.

    But it isn’t that simple, for we may unwittingly have recalibrated our benchmark of what a normal working day is. We’ve trapped ourselves into believing our own indispensability (“If I don’t do it no-one else will). We assume that working harder improves performance, demonstrates commitment to our employer and enhances our prospects for promotion. I’d counsel anyone reading this to challenge these assumptions and to listen out closely for the whirring of your inner pendulum!

     

    You obviously have a passion for mentoring. What are the most common challenges you’re seeing among your current crop of mentees?

     

    I’m certainly seeing the longer-term impact of the pandemic. This is the generation whose educations, family and social lives were disrupted by successive lockdowns. And I’m in awe of just how well they’d adapted to remote ways of studying and working. Another challenge is the sheer number of high-calibre applicants vying for limited places on the graduate recruitment schemes of investment banks, accountancy firms and corporations. Training contracts in City law firms are similarly over-subscribed, and with increasing candidates achieving top grades there’s now a far greater reliance on critical reasoning and situational judgement tests, presentations, written assignments and long assessment days.

    However I’m also sensing some really positive new trends, with mentees less motivated by achieving huge salaries than they are by finding a fulfilling career. And finally, one positive legacy of the pandemic: Finito mentees are often engaged in volunteering activities, whether it’s repurposing old computers and teaching older people how to use them, mentoring disadvantaged kids, or stacking boxes in foodbanks. Something, finally, to celebrate in challenging times.

     

    Do you vary your process for each mentee, or do you have a particular approach which you use with each candidate?

     

    Mentoring is a transformative tool for supporting the development of a mentee, and because no two mentees are the same the mentoring process does inevitably vary. Having said that, there are common features in my approach.  In the first place, it’s not about the mentor. Our prime responsibility as mentors is to listen attentively at all times to our mentees. Listening actively (as distinct from merely hearing) is a skill that one develops with practice.

    And it’s crucial we’re responsive to the stated needs of our mentees rather than clinging stubbornly to our own agendas. One unique aspect of mentoring is our willingness to share our own knowledge and experience to support the development of our mentees. A word of caution however, because this has nothing to do with being directive. What we’re aiming to do is empower our mentees to think and act for themselves. Finally, mentoring is a two-way street. At its most fruitful the relationship between mentor and mentee is one in which sharing and learning opportunities arise for both participants. I’m forever learning from my mentees.

     

    What do you know now in your career which you wish you’d known at its start?

     

    Hindsight being a wonderful thing of course, here’s three things I tell my mentees. Firstly, it’s important to pace yourself, especially when starting out in a new role and you’re trying to make a good impression. Keep something of yourself in reserve for when you really need it. Secondly, don’t plot out your entire career from the get-go. Life has a mischievous habit of opening new doors and leading you in new directions. And thirdly, know where you add most value, and focus your energies accordingly.

     

    Do you have any new challenges on the horizon?

     

    I’m excited to have just been appointed to the board of the Joseph Rowntree Charitable Trust, whose endowment supports people tackling the root causes of conflict and injustice. Along with my governance responsibilities, I’ll also be involved in grant-making decisions, an area entirely new to me.

     

  • Sarah Cobden-Ramsay on her ground-breaking jewellery charity Rhino Tears

    Sarah Cobden-Ramsay

    It was during a visit to the Kariega Game Reserve in South Africa in 2016 that I encountered a remarkable rhino called Thandi. This was not just a wildlife sighting; for me it was a life-altering event.

    Thandi was a living testament to survival. She had suffered a horrendous poaching attack, her face had been savagely disfigured to extract her horn. Despite the physical trauma, her indomitable spirit shone through. Not only did she survive this gruesome assault, Thandi has become a symbol of resilience, mothering five calves – Thembi, Colin, Mthetho, Siya and Zolani. The horribly scarred, yet serene Thandi, grazing quietly with her first, 18 month year old calf, Thembi, was a turning point for me. I had to contribute, even if in some small way, to help fight this dark canvas of brutal poaching and support the incredible work so many do in rhino conservation.

    I had several years of experience as a jeweller, a skill honed under the tutelage of Jinks McGrath in her Sussex workshop. With Thandi as my inspiration and my passion for jewellery, I embarked on the journey of creating ‘Rhino Tears’, firstly designing a unique piece of jewellery Thandi’s honour and hopefully a way in raising awareness and those all-important anti-poaching funds.

    Each piece is designed as a delicate solid gold, or silver tear, and carries an engraved hallmark on the back – a triangle with a ‘T’, in homage to Thandi. For me, for every sale, it becomes more than just a piece of jewellery; it becomes a tangible symbol of strength, survival, and hope.

    Happily, my charity Rhino Tears, has gone from strength to strength, the product has evolved to include earrings, cuffs and bracelets and particular commissions with diamond inlay in both silver and gold, pendants and earring across the range.

    This has resulted over the years, in considerable donations to a few carefully chosen charities. Importantly for me, these game reserves in South Africa and Kenya are passionate about the conservation of rhinos in their natural habitat, as well as raising awareness and enabling local communities in supporting their heritage for the future.

    The monies raised have gone to help in several areas, primarily anti-poaching units, the purchasing and training of tracking dogs, tracking collars, cameras, the sad but essential de-horning of rhinos and the successful rewilding of orphans. Rhino Tears has also been able to proudly fund eight local interns through a year’s training in wildlife conservation and protection. They are now full- fledged rangers at the Kariega Game Reserve. Although most of my sales are done online, due to popular demand, I have been thrilled to provide Rhino Tears’ jewellery to several outlets, including the Curio Shop at Kariega, Ant’s Nest in the Waterberg and Auckland Zoo.

    My journey from the plains of Kariega Game Reserve and a jewellery workshop in Sussex, I hope will inspire, and show that we can all find a small part to play in preserving our planet’s rich biodiversity and ensure the rhinos may roam freely and safely on the plains of Africa.

     

    Go to rhinotears.org

  • James Reed on The Big Give

    James Reed

     

    Over the last 15 years, we have built a great machine for fundraising. It is called Big Give, and you might have never heard of it. If so, I want to introduce you to our work and ask for your help.

    What we have pioneered is the concept of match funding – asking funders to match donations to charities made by members of the public. So £50 from an individual becomes £100 for a good cause, after being doubled by a Big Give match funding ‘champion’ – typically philanthropists, foundations or companies.

    What the champions who support Big Give say is that they are so pleased to see their donations multiplied, often by many times. The average donation to Big Give last year was multiplied by 5.6, making their money go far further than it would otherwise have done.

    We are now the UK’s biggest match funding platform, working every day to multiply people’s generosity.

    Public donations are crucial. But we need the fuel provided by more champions to take our work to the next level.

    My feeling is that a lot of wealthy individuals want to help and to do something charitable, but they are not quite sure where to put their wherewithal and their energy.

    It’s actually not that easy to give away a lot of money and do it effectively. It may be that there is a cause you want to champion – the environment, homelessness, the arts, women and girls, developing communities – but you aren’t sure who to work with to have the best impact.

    Working with us means you make much, much more impact. We say to the public who donate to charities through our platform that one donation has twice the impact. But for the champions, it’s  a lot more than that.

    In the UK the top one per cent are not as generous as they are in the US. What I would say to those people is that you get an enormous satisfaction from making a contribution like this. Once you have got the material things you need, the return on acquiring more and more material things diminishes. When you contribute philanthropically, the satisfaction grows stronger each time you do it.

    The people who take part tell us that it is really enriching. They get huge satisfaction from supporting what is often a number of different organisations. If you want to support the homeless, say, you can target your help at more than one charity working in the sector. You also know that we have done the work for you in terms of selecting well-run, effective organisations to support.

    Our annual Christmas Challenge raises money for over 1,000 different charities, and even our themed campaigns like the Green Match Fund, which targets environmental causes, are very varied.

    Wealthy people should think about how much they want to give away every year, and then they can plan effectively for doing so. In some religions, it’s expected that you will give away a certain percentage of your income. I’m not saying everyone should set it in stone, but there is something to be said for planning ahead.

    I try to do that, and it helps that I have been working with charities since I was a young man. I have seen how well targeted work can make a huge difference to people’s lives.

    What we have created in Big Give is a way of multiplying and magnifying that. We give the organisations that take part in our campaigns a lot more financial firepower.

    I find it very satisfying when I hear back from our charity partners that they have hit a target and demonstrate amazing programmes of work as a result, across all different aspects of society that are really inspiring. That motivates me.

    There are a lot of cracks in our society and life that government does not fill. Voluntary and individual action is a necessary part of the social landscape.

    The small battalions, as they have been called, make a huge positive difference. A lot of them are led by very impressive individuals who are really remarkable leaders.

    We want to work with them to reach a new target of raising £1 billion by 2030. It’s a big number and it’s a long way off where we have got to. But I’ve always found in business that it’s good to know what you are trying to do and have a target. It keeps you focused on the goal, which is raising money to help charities finance the work they do.

    Currently, we are not far off having raised a quarter of a billion pounds – so £1 billion is a big stretch. But it’s doable.

    It’s good that people know we are ambitious. After all, the need out there is limitless.

     

    For more information visit https://donate.biggive.org/

    Chairman of the board of trustees at Big Give and chairman of The Reed Group

  • How philanthropy became an industry

    How philanthropy became an industry

    Georgia Heneage

    You may not have heard of him but last week Matt Moulding became Britain’s most generous man.

    The son of a road-surfacer, Moulding is self-made: he left school at 16 to work in a local felt factory but returned to finish A-Levels after being tracked down by his economics teacher, who believed that he had great potential. He then worked for various tech firms before setting up The Hut Group, which floated on the stock exchange last September for £4.5 billion. Moulding has decided to give £100 million pounds of it to a domestic abuse charity -100% of which he could have received in rent payments from the business.

    Such instances of generous philanthropy are not uncommon in an era in which billionaires are multiplying at a staggering rate – most of them tech oligarchs – at the same time as world poverty is soaring and the climate collapsing. Lord Sainsbury, the UK’s second biggest philanthropist, has donated tens of billions in the past decade to the Liberal Democrats, the arts, education and humanitarian sector, and the British Museum – to name a few.

    But as a well-established and well-structured sector, what does charity mean in the modern age?

    To answer this question we might revisit the complex and long-standing origins of ‘philanthropy’. It’s earliest form was almsgiving (giving money to the poor) in the medieval period, which was rooted in religious duty. In the 16th century more secular concepts of charity emerged from the schism between Catholic and Protestant (and their competing notions of what charity should be) during the reformation.

    Then, at the beginning of the 17th century, Elizabeth I introduced a law making charities more accountable, after which the first legal definition of charities was created. This went on to form the basis of UK charity law.

    The sector became much more systematic around the late 18th century, when modern concepts of corporations as standalone legal units began taking shape, and philanthropists pooled resources and combined their efforts.

    Then, of course, came the Victorian age, where philanthropy sky-rocketed: the industrial revolution and the ubiquity of manufacturing jobs brought about increased poverty, and this led to more state involvement in welfare issues. With the onset of liberal politics and the Labour movement in the 20th century, philanthropy was brought under the bureaucratic wing of the government.

    So where does this leave us now? Today philanthropy is so widespread that quite apart from roles within the charities themselves, ancillary jobs have grown up around the industry. Lawyers might specialise in charities. Bates Wells is arguably preeminent in the area, with Farrer & Co. another revered firm which offers opportunities. Banks and investment firms have professionals dedicated to advising clients on the ‘giving’ aspect of their portfolios. The charities themselves are more and more run like businesses, meaning that they require advice on a whole range of issues from HR and tech, to transactional activity and litigation aspects.

    In 2021, the cultural prevalence of identity politics and human rights issues has fostered renewed interest in philanthropy. And Covid-19 has, as ever, made its mark in this sector too: charitable actions during the pandemic – such as the late captain Captain Sir Tom Moore’s charity walk or the countless other marathons people did in their back gardens – may be an indicator of a population shaken into giving back to the community and helping others during a collective crisis.

    The figures certainly show this: according to a 2020 report by Charities Aid Foundation (CAF), though less face-to-face interactions during Covid meant physical fundraising declined, large and sustained “cashless” donations and general trust in charities increased.

    Between January and June 2020, the public donated a total of £5.4 billion to charity – an increase of £800 million compared to the same period in 2019. And the charity sector may be one of the few positive instances of digitalization; research shows that social media is the biggest inspirer of donations and emails the biggest format of donating.

    Yet a cursory glance over the history of philanthropy is enough to see how it has gradually changed from well-meaning charitable acts of well-endowed individuals to an industrialised sector; and how, in some instances, it’s been enveloped by the competitive wing of capitalism.

    There has been a worrying number of cases of corruption and misspend funds in the charity sector, which has given rise to nicknaming some large charities “briefcase NGOs”- where the funding system is warped so that money goes directly into the pockets of those who run the organisation. As one Guardian article suggests, many NGOs start out with “noble intentions” – intentions which are soon corrupted by international funding agencies which “dictate” the terms and cause the NGOs to realign their priorities with those of the patrons.

    It is proving difficult for charities to maintain integrity in the brittle and competitive world of NGOs; yet as the faultlines between the rich and poor widen, and the environmental crisis we face grows nearer, philanthropy’s role will become ever more necessary. Individual endowments – such as those given by the likes of Moulding, Lord Sainsbury and Bill Gates – are diamonds in the rough. But for ordinary people who want to give back and whose pockets are not so heavy, the path needs to become more transparent.