Question 1

What is the mission of GLOBAL INNOVATION FUND?

Accepted Answer

GIF finds, funds and scales-up cost-effective, evidence-based social innovations that have the potential to measurably improve the lives of millions of people living on $5 a day or less in the developing world. GIF deploys grant and risk capital instruments to support a range of innovators across the globe to accelerate the development, rigorous testing, and scaling of innovations.

Question 2

What is the financial size of GLOBAL INNOVATION FUND?

Accepted Answer

GLOBAL INNOVATION FUND is classified as a major charity. In the latest financial year, they reported a total income of £16,552,431 and total expenditure of £10,467,068.

Question 3

How does GLOBAL INNOVATION FUND allocate its spending?

Accepted Answer

For every pound spent, approximately 79.1% goes directly to charitable activities. The remaining 20.9% is spent on raising funds and administration. This is lower than the median for similar-sized charities (96.6%).

Question 4

What is the workforce structure of GLOBAL INNOVATION FUND?

Accepted Answer

GLOBAL INNOVATION FUND employs 0 staff members and is supported by 0 volunteers.

Question 5

Does GLOBAL INNOVATION FUND receive government funding?

Accepted Answer

Yes. Approximately 97.7% of their income comes from government grants or contracts.

Question 6

Does GLOBAL INNOVATION FUND pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

GLOBAL INNOVATION FUND

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