The Newcore Foundation

Quick Stats

• Annual Giving: £30,558 (2024) / £93,810 (2023)
• Success Rate: N/A (no public application process)
• Decision Time: Not disclosed
• Grant Range: Not publicly disclosed
• Geographic Focus: United Kingdom

Contact Details

Eagle House

50 Marshall Street

London W1F 9BQ

Email: neil.sarkhel@newcorecapital.com

Phone: 020 7925 0616

Overview

The Newcore Foundation was established in 2020 by Newcore Capital Management LLP, the UK's first social infrastructure investment manager to achieve B Corporation certification. The foundation was created with a binding commitment to distribute at least 10% of Newcore Capital's annual profits to charitable causes. Since Newcore Capital's founding in 2011, the company has contributed over £700,000 to charitable causes through direct donations, fundraising, and foundation grants.

The foundation operates as a discretionary grant-making trust, with trustees selecting beneficiary organizations aligned with the social infrastructure sectors in which Newcore Capital invests. The foundation's charitable objects are intentionally broad, allowing flexibility to support causes “as the trustees see fit from time to time,” with particular focus on education, health, relief of those in need, and environmental protection.

Funding Priorities

Grant Programs

The foundation operates through trustee-directed discretionary grants without formal programs or published funding tiers.

Priority Areas

• Education: Supporting educational charities and initiatives, reflecting Newcore's investment focus on education and childcare infrastructure
• Healthcare: Advancing health initiatives, with connections to healthcare charities including the Nuffield Medical Trust
• Environmental Protection: Supporting environmental causes, with The Rivers Trust as confirmed beneficiary partner (2023-2024)
• Relief of Those in Need: Supporting organizations addressing homelessness, social inequality, and prisoner rehabilitation

What They Don't Fund

While not explicitly stated:

• Organizations outside the UK
• Causes unrelated to social infrastructure sectors
• Individual applicants
• Political organizations

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Governance and Leadership

The foundation has 3 trustees (names not publicly disclosed). Key personnel at Newcore Capital likely involved in foundation decisions:

Hugo Llewelyn - CEO & Founder of Newcore Capital

• Trustee of Nuffield Medical Trust (healthcare)
• Ambassador to Aldridge Foundation (education)
• Previously trustee of Great Ormond Street Hospital Children's Charity

Neil Sarkhel - Chief Operating Officer

• Listed contact for The Newcore Foundation
• Led Newcore's B Corporation certification efforts in 2020

Kate Sandle - Director of Sustainability

• Previously at B Lab UK
• Focuses on environmental and social performance measurement

Application Process and Timeline

How to Apply

The Newcore Foundation does not have a public application process. The foundation operates as a discretionary grant-making trust where trustees identify and select beneficiary organizations without accepting unsolicited applications. Grants are made based on trustee discretion, with strategic alignment to social infrastructure sectors and charitable causes where Newcore Capital leadership has existing connections.

Getting on Their Radar

Given the no public application structure, organizations seeking support should focus on:

• LandAid Network: Newcore Capital is a Founding Partner of the LandAid Pro-Bono Programme
• B Corporation Community: As a certified B Corp scoring in the top 0.5% globally, Newcore values impact-driven partnerships
• Leadership Connections: Through Hugo Llewelyn's trusteeships and the company's charitable partnerships
• Sector Events: Real estate, social infrastructure, and impact investment conferences where Newcore participates

Decision Timeline

Not publicly disclosed. The foundation operates on trustee discretion without fixed grant cycles.

Success Rates

Not applicable - no public application process exists.

Reapplication Policy

Not applicable - no public application process exists.

Application Success Factors

As a discretionary foundation without public applications, organizations that receive funding typically demonstrate:

• Strategic Sector Alignment: Work in or support social infrastructure sectors central to Newcore Capital's business - education, healthcare, environmental protection, or social welfare
• Established Credibility: The foundation supports established charitable organizations with proven track records
• B Corporation and Impact Alignment: Clear, measurable outcomes aligned with B Corp principles resonate with Newcore's values
• Collaborative Potential: Partnerships that engage Newcore's team, clients, and network beyond financial contributions
• UK Focus: All identified beneficiaries focus on UK-based organizations addressing UK social infrastructure needs

Key Takeaways for Grant Writers

• This is not a suitable funder for cold applications - trustee discretion without public process means unsolicited proposals unlikely to succeed
• Relationship-building is the only viable path - focus on genuine connections within Newcore's network, LandAid partnership, or B Corp community
• The foundation reflects company values - with 10% of profits committed annually, giving is integrated into Newcore's B Corporation identity
• Partnership over pure grant-seeking - Newcore values multi-faceted relationships including fundraising events and staff engagement
• Scale of giving is modest but consistent - £30,558-£93,810 annually demonstrates sustained commitment rather than one-off philanthropy
• Consider Newcore's broader ecosystem - beyond the foundation, explore pro-bono services through LandAid and community impact through property investments

Similar Funders

These funders frequently fund the same charities:

• Power to Change Trust
• Quartet Community Foundation
• The Barrow Cadbury Trust
• Somerset Community Foundation
• Thirty Percy Foundation
• The Blagrave Trust
• The Aurora Trust
• The Sobell Foundation
• The Francis Winham Foundation
• The National Benevolent Charity
• Greater London Authority
• ACCESS - THE FOUNDATION FOR SOCIAL INVESTMENT
• National Lottery
• LOCAL TRUST
• THE TIDES FOUNDATION
• EASE THE BURDEN
• Bluewater
• Livery Companies
• Parish Council

References

• The Charity Commission for England and Wales - The Newcore Foundation (Charity No. 1191313). Register entry.
• Newcore Capital Management LLP - Sustainability, About, and Team pages..
• The Rivers Trust - Partners: Newcore Capital..
• B Lab Global - Newcore Capital Management LLP B Corporation profile..
• LandAid - Pro Bono Programme information..