London Community Foundation brings together philanthropists and the civil society entrepreneurs and leaders who are developing innovative ways to tackle disadvantage and help bridge the gap between rich and poor London. The Foundation is a meeting place for many different donors, public and private, with differing interests and areas of concern, who believe that they will achieve more working together than each could alone. At the time of the search the Foundation held a £9 million endowment and madegrants of £2.5m each year.
In spring 2011, the Capital Community Foundation and Thames Community Foundation merged, re-launching as the London Community Foundation. The merger came with significant ambitions to grow the Foundation’s endowment to £100 million and increased annual grant making, changing more lives and communities across London.
Prospectus was mandated to lead the search for the new Foundation’s first Chair. A challenging search, we were looking for someone who could provide strategic leadership, drive the ambitious growth agenda, and personally affect increased philanthropy in London. Importantly, the Chair also needed to have a deep and passionate relationship with London, and be willing to share this passion with philanthropists and communities alike. There was also a considerable time commitment of up to 30 days per annum.
Prospectus was successful in recruiting Francis Salway, who served as the Chief Executive Officer of the Retail Portfolio of Land Securities Group Plc from 2004 to 2012. Previously, he was Investment Director at Standard Life Investments, and he is a Director of Next Group plc, of London First and of Land Securities Capital Markets PLC. Francis also serves as a Non-Executive Director of Investment Property Databank Ltd. He was appointed Chair of London Community Foundation in 2012.