Lankelly Chase is an endowed foundation, meaning that our income comes from our investments. Our endowment originated in the combined legacies of Major Alfred Allnatt and Ron Diggens, who had worked together in the development of land and property. A substantial bank loan from RBS provided the capital for the development of the Chase estate in north London, and this was followed by the creation, acquisition, merger and sale of property companies that allowed both men to accumulate and gift substantial wealth. The beginnings and early history of Lankelly Chase from the 1960s are set out by our former CEO Peter Kilgarriff in ‘A matter of trust: A brief history of the LankellyChase Foundation’.
Since those times, Lankelly Chase has increased the value of the endowment by investing it in financial assets, including company shares and bonds. It was worth £138 million at the end of March 2022.
We recently reviewed our approach to investing and moved our endowment into the management of investment funds whose approach to capital stewardship and sustainability most closely reflected our mission and values within the universe of public markets strategies:
- Baillie Gifford Positive Change
- Impax Environmental Markets
- Liontrust Sustainable Future Global Growth
- Montanaro Better World
- Schroders Global Sustainable Growth
- Schroders Cazenove discretionary fixed income portfolio, which includes holdings in the Lombard Odier Global Climate Bond Fund, Rathbone Ethical Bond Fund, and Threadneedle UK Social Bond Fund
- Stewart Investors Asia Pacific Sustainability
Our investment strategy is currently based on holistic objectives to advance our charitable mission, including by contributing to rapid and just decarbonisation, rather than financial returns alone or above all else. We welcome interest and input and are happy to share further detail about our approach. You can get in touch with our Investment Director at email@example.com
In addition to what and who we invest in, how we use our status as an investor can also help to advance our mission. We seek to influence and disrupt the wider investment system through our own strategic interventions as well as by resourcing activists, community groups, and others through our grant-making. You can read more about this work on our insights page.