Over the years, Impetus has dedicated itself to supporting leading organisations who transform the lives of young people, providing long-term, unrestricted funding and partnering our Investment Directors with these organisations to support them weekly, sometimes for over a decade. Significant milestones in our journey include the strategic merger of the Impetus Trust and the Private Equity Foundation in 2013, and our collaborative efforts such as founding the Education Endowment Foundation with Sutton Trust, and establishing the Youth Endowment Fund in partnership with Social Impact Business and the Early Intervention Foundation.
The pandemic posed significant challenges, prompting us to support our partners' leaders in adapting to unprecedented circumstances and leading us to address diversity within our portfolio, expanding our focus to include geography and race equity alongside socio-economic background. We launched initiatives like the Impetus Leadership Academy for leaders of colour, and funds to address school exclusions and employment for disadvantaged youth from ethnic minority backgrounds.
We recognise the ongoing challenges today, with around 700,000 young people not in school or work amidst a cost of living and mental health crisis. Our mission remains critical, and we continue to seek innovative solutions to challenge the status quo. Our mission has always been to transform the lives of young people from disadvantaged backgrounds by ensuring they receive the support they need to succeed in school, work and life. As we reflect on our past achievements, we are driven by the belief that we are just getting started.
Walk through our timeline below, meet our team and our Board.