Company Number: 4531222
Charity Number: 1093927
The Institute for Philanthropy
TIA The Philanthropy Workshop UK
Annual Report and Financial statements
For the year ended 31 December 2023

The Institute for Philanthropy
Reference and administrative details
Trustees
Elliott Donnelley
Traci Maddock
Senior Management
Renee Kaplan- CEO (US)
Rachel Simon- COO (US)
Company number
4531222
Charity number
1093927
Registered Office &
Principal place of business
The West Wing
Somerset House
Strand
London WC2R 1LA
Accountants
Sterling Partners Limited
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester M20 2DR
Bankers
HSBC
165 Fleet Street
London
EC4A 2DY
Solicitors
Wansbroughs
Northgate House
Devizes
Wiltshire
SN10 1JX

The Institute for Philanthropy
Trustees, report for the year to 31 December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006 are pleased to
present their report together with the financial statements of the charity for the year to 31 December 2023.
The accounts have been prepared in accordan￿ with the accounting policies set out in note 1 to the accounts
and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and the
Statement of Recommended Practice 'Accounting and Reporting by Charities, {SORP 2019).
Structure, Governance and Management
Legal status
The Institute for Philanthropy was established as a company, limited by guarantee on 10 September 2002 and
registered with the Charity Commission as charity number 1093927 on 25 September 2002.
In 2014 the charity amended its Memorandum and Articles of Association to confirm The Philanthropy Workshop
(a Delaware non-profit non-stock company) as the only member of the charity. The liability of the member in the
event of the company being wound up is limited to a sum not exceeding £10.
Governing Document
The Institute for Philanthropy is govemed by its Memorandum and Artides of Association.
Trustees
The directors of the charitable company are its trustees for the purpose of charity law and the members of the
company limited by guarantee. Throughout this report they are collectively referred to as the trustees.
The following individuals served as trustees during the period and to the date of this report:
Elliott Donnelley
Traci Maddock
All trustees served for the full year unless otherwise indicated above.
The Trustees meet approximately 4 times a year to review the activities and direction of the charity. The day to
day running of the charity is delegated to the team in London who work closely with the CEO of The Philanlhropy
Workshop in the US. Individual Trustees maintain an active interest and participation in many of the charity's
courses and events, which is an imporlanl part of ensuring the direction and spirit of Ihe charity stays true to its
original vision. aims and objectives.
None of the Trustees has any beneficial interest in the company.
Recruitment and appointment of new trustees
Trustees are appointed by an ordinary resolution. Whenever the Trustees are less than three, new Trustees
must be appointed to bring the number up to three, but (unless otherwise determined by ordinary resolution)
the number shall not be subjected to any maximum.
Existing Truslees and the Chair make recommendations for new Trustees, which are then put before the
board. Board members are invited to serve for three years with the possibility of serving an additional two
terms of three years each. The Board Chair will be invited to serve in that role for an initial five-year term
renewable for three subsequent years.
Trustees, induction and training
New trustees are given guidance on their responsibilities, through reading guidelines issued by the UK Charity
Commission and other organisational papers. They also meet with the group chair, the relevant committee
chairs, and staff as appropriate to the role. Ongoing training also occurs to ensure the Board are current on
legislation and other issues that impact govemance.
International Advisory Board
Given the close operating relationship with The Philanthropy Workshop in the USA since March 2014, there is
an International Advisory Board [IABI, which comprises all Trustees from both organisations. The purpose of
this board is to provide advice on global strategy. As with any advisory body, the IAB does not have the
technical legal authority to mandate their recommendations upon either organisation and the independent
boards retain the legal right to ratify (or reject if they see fit) any recommendation made by the advisory board.
Risk Management
The trustees regulady review the risks the charity faces and are satisfied that systems are in Pla￿ to mitigate
their exposure to the major risks.

The Institute for Philanthropy
Trustees, report for the year to 31 December 2023
Public Benefit
The Trustees confirm that they have complied with their duty under Section 1715) of the Charities Act 2011 to
have due regard to the Charity Commission's general guidance on public benefit. The Institute for
Philanthropy carries out a wide range of activities in furtherance of its charitable objectives, as detailed under
Activities and Achievements below.
Objectives and principal activities
The objective of the Institute for Philanthropy is to increase and catalyse positive social change by mobilising
philanthropic resources, through providing education and thought leadership in strategic philanthropy to
philanthropists and social entrepreneurs.
The Trustees confirm that they referred to the guidan￿ contained in the Charity Commission's general
guidance on the public benefit by reviewing the Trust's aims and objectives and in planning future activities.
Activities and Achievements
The Institute for Philanthropy, in collaboration and partnership with The Philanthropy Workshop. is a global
community of social investors committed to leveraging their time. talent, treasure, and ties to crFcreate a
better world alongside social sector leaders, govemment actors. academic thought-leaders, and others. The
organisation's mission is to accelerate social impact by mobilising a global network of strategic investors
united by their commitment to unlock resources, lifelong leaming. collaboration, and entrepreneurial
approaches.
Our organization engages community members through three pillars: 1) Peer collaboration- providing a
trusted network of like-minded philanthropists and social investors- 2) Leaming environment - year-round
programming both in-person and virtual that dives deep on issues and helps build strategy- and 3} Action
oriented - opportunities to work individually or with peers to deploy greater resources for greater impact.
Future plans
In the year ahead the charity plans to continue to facilitate coursework alongside opportunities for connection
and collaboration promoting best praCtI￿S in the area of strategic philanthropy. The trustees plan to expand
the organization's impact through increased community membership.
Financial review
During the period covered by these accounts the charity's income came in at £394k (2022.. £422k) while
expenditure for the period was £392k (2022= £421k) resulting in an overall surplus of £2k for the period (2022..
£1k).
Management fees from the US parent account for £358k {2022: £405k) of the income which cover the
charity's costs of running programs locally and intemationally, as well as supporting the membership in
Europe.
Reserves policy
The Trustees, policy is to hold reserves in order to provide short term financial stability and allow time to
secure alternative sources of funding, in the event of a significant drop in income. At the end of the year
reserves stood at £285k (2022: £284k) which the Trustees believe is in line with the overall organisational
policy.
Investment policy
The Trustees, investment powers are govemed by the Memorandum and Artides of Association, which permit
the Charity's funds to be invested in a wide range of securities and assets.

The Institute for Philanthropy
Trustees, report for the year to 31 December 2023
Statement of Trustees Responsibilities
The trustees (who are also the directors of The Institute for Philanthropy for the purposes of company law)
are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
PraCti￿)-
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources. including the income and expenditure. of the charitable company for that period. In preparing
those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and delection of
fraud and other irregularities.
In so far as the trustees are aware
there is no relevant audit information of which the charitable company's auditors are unaware
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
Small company provisions
This report has been prepared in accordan￿ with the special provisions for small companies under Part 15 of
the Companies Act 2006.
This report was approved by the Board of Trustees on and signed on its behalf by:
//
Elliott Donnelley11 (Sep 26, 2024 11=
8 EDTI
Elliott Donnelley
Trustee
Date.. 0912612024

Independent Examiner's report to the trustees of The Institute
for Philanthropy for the year ended 31 December 2023
I report to the charity trustees on my examination of the accounts of the Company for the year
ended 31 De￿mber 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Acl,).
In carrying out my examination I have followed the Directions given by the Charity Commission
under section 145(5) (b) of the 2011 Act.
Independent examinerfs statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed
body. I can confirm that l am qualified to undertake the examination because l am a registered
member of the Institute of Chartered Accountants in England and Wales. which is one of the listed
bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by
section 386 of the 2006 Act" or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396
of the 2006 Act otherthan any requirement that the accounts give a true and
fair view which is not a matter considered as part of an independent
examination., or
the accounts have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and
reporting by charities applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Narges Cyroos FCA
Chartered Accountant
Sterling Partners Limited
Chartered Accountants & Statutory Auditors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury, Manchester M20 2DR
Date.. 27th September 2024

The Institute for Philanthropy
Statement of Financial Activities (incorporating the Income and
Expenditure Account) to 31 December 2023
Unre*icted
Funds
Re*icted
Funds
Totsl
Funds
Totsl
Funds
2023
2023
2023
2022
Note
Income
Donations
Income f rom charitable artivities
Investment income
35.224
358.435
35,224
358,435
17,CKM)
405,CMXI
Other income
Total income
393.659
393,659
422,CKM)
Expenditure
Fundraisi ng
Charitable activities
35,141
356,658
35,141
356,658
35,780
385,542
Total expenditure
391.799
391,799
421,322
Net income l (expenditure) before exchange ga
678
Exchange gain￿(losses)
Gainglllosses) on investments
Net movement in funds
1,8E(I
678
Reconciliation of funds
Total funds brought forward
283.556
283,556
282,878
Total funds carried forward
14
285,416
285,416
283,556
The notes on pages 8 to 13 fomi part of these financial statements.

The Institute for Philanthropy
Balance Sheet as at 31 December 2023
2023
2022
Note
FIXED ASSErs
Tangible Assets
10
416
416
CURRENT ASs￿s
Deblors
Cash at bank and in hand
314.136
2,225
294,869
3,424
316.361
298,293
CREDITORS: Amountsfalling due within one year
12
(30.945)
(15,153)
NEf CURRENT ASSErs
285,416
283,140
TOTAL ASSEfs LESS CURRENT LIABILITIES
285.416
283,556
CAPITAL AND RESERVES
Restricted fvnds
Unrestricted fvnds
285,416
283,556
13
285,416
283,556
For the financial year in question the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies. No members ha￿ required the company to obtain an
audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors a¢knO￿edge their responsibility for complying with the requirements of the Act with respect
to accounting records and for the preparation of accounts. These accounts ha* been prepared in
accordance with the promsions applicable to companies subject to the small companies, regime.
The financial statements were approved by the Board of Trustees and signed on its behalf by..
//
Elliott Donnelley11 (Sep 26, 2024 11=
8 EDTI
Elliott Donnelley
Trustee
Date..
26109124

The Institute for Philanthropy
Notes to the accounts for the period to 31 December 2023
1 Principal accounting policies
The principal accounting policies adopted in the prepar*ion of the financial statements are set out below.
(al Basis of accounting
These financial statements ha￿ been prepar&l under the historical cost con*ntion in accordance with the
stalemenl of Recommended Practice 'Accounting and Rewrting by Charities, effecti￿ January 2019 (the
Charities SORP IFRS 102}I. UK accounting standards. including 'Financial Reporting Standard 102 The
Financial Reporting Standard aptjicable in the UK and Reputjic of I￿land, (FRS 102) and the Companies Act
2006.
The Inslilute For Philanthropy meets the definition of a public benefit enttty under FRS 102. A55ets and
liabilities are initially recognised at historical cost or transaction ￿lue unless othewse stated in the rele￿nt
accounling policy nolelsl.
The Functional and presentation currency of the Charity are wund stetling.
(bl Fund accounting
{il Unreslricted ftjnds are a￿lIatr￿e for use at the discretion of the trustees in furtherance of the general
objecliKes of the charity.
(ill Restricted fvnds are subject to specific conditions IM￿Sed by the donor as to how they may be used.
The puy)ses and uses of the tEstricted fijnds are set out in the notes to the accounts.
Transfers between funds are made to cO￿r deficits on indimdual restricted funds and to rec(¥Jnise fixed assets,
including those acquired with restricted income. separately Vrfithin restricted funds.
(c) Income
All income is included in the statement of financial acti4ilies when the charity is entitled to the income and the
amount can be quantified wth reasonable accuracy. The fdlowng specific policies are applied to particular
categories of income.
(il Income reCeI￿d by way of granls. donations and gifts is included in fvll in the Stalemenl of Financial
Aclimlies when receivable.
(ill Grants ￿el￿tle are recojnised vthen the charity becomes unconditionally entitled to the grant.
{iii} Donated professional senices and donated facilities are rec(MJnised as income when the receipt of
economic benefit from the use by the charity of the item is probable and that economic benefil can be
measured reliably" a corre5txinding amount IS then recognised as expenditure in the same period.
(iv) The value of seNces promded by ￿￿UnteerS has not been included in these accounts.
(v) Income from charitable actilities is accounted fr)r ￿en eamed. If reCeI￿d in ad￿nCe. management
fees from running courses and projects are deferred until the rele￿nt actimty has taken place.
{IAI In￿Stment income is included when reCeI￿ble.
(Mil Income recei%Ed in ad￿nce is deferred until the criteria for income reccgnition are met.
(dl Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred.
(il Fundraising incorporates the salaries. direct expenditure and olerhead costs of the staff who undertake
fvndraising work.
{iil Charitable expenditu￿ comprises those costs incurred on projects urKlertaken in pursuance of the
charilable aims of the company.
{iii} G0￿ManCe costs are those costs incurre(l in the management of the charity's assets, organisation
and compliance functions.
{ivl Support cos15 are those cosls incurred by the company in support of 115 main charitable actimties and
projects. Where costs cannot be directly attribLrted. they ha￿ been allocated to actlmties on a basis
consislent wth Ihe use of resources.
(v) The ￿alue of seTrices promded by ￿lUnteerS has not teen included in these accounts.
{e) Tangible fixed assets and depreciation
Tangible fixed assets costing 0￿r £1,000 (including any incidental exFenses of acquisition) are capitalized.
Depreciation is promded at rates calculat&J to ￿lte off the cost on a straight line basis 0￿r their expected
usefijl economic life. The rate of depreciation is 33 13 % Fer annum for all assets.

The Institute for Philanthropy
Notes to the accounts for the period to 31 December 2023
{fj Investsnents
In￿stMentS are stated at market Nelue at the balance sheet date. The Statement of Financial Actimties
includes Ihe net gains and losses arising on re￿lUationS and any dispy)sals IhroughoLrt Ihe period.
{g) Foreign currency
Transactions in foreign currencies are initially recorded in the entity's fijnctional currency, which is pound
sterting, by applying the spot exchange rate on the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange at the
balance sheel date. All differences are taken to the statement of ffinancial actiKities.
2 Donations
2023
2022
Donations
35,224
17,000
35,224
17.000
Donations represents the monetary ￿lue of donations actually recei￿1 during the period. A total of £35.223
12022: £17,000) was reCeI￿d in the year of ￿1¢h £35,223 {2022.. £7,000) We￿ unrestricted and £nil (2022..
£10.000) were restricled.
3 Income from charitable activities
2023
2022
Management fee income
358,435
405.000
358,435
405.000
The charity runs courses and seminars on behalf of The Philanthropy Workshop. its parent and ultimate
controlling party. The income from these courses accrues to The Philanthropy Workshop and the charity is
paid a management fee for organising them.
4 Investment income
2023
2022
Interest
5 Fundraising
2023
2022
Staff costs
Other direct costs
Support costs
20,987
8,061
6,093
21.631
7,632
6,517
35,141
35,780

The Institute for Philanthropy
Notes to the accounts for the period to 31 December 2023
6 Charitable activities
2023
2022
Staff costs
Consultants
Donations to participating charities
Tra*1
Course & e￿nt expenses
Support costs
244,480
283.752
6,534
6,441
28,221
70,982
600
2,644
13,055
85,491
356.658
385.542
7 Support costs
Goveman¢e
function
General
support
Total
2023
Total
2022
Staff costs
Consultants
Premises
Tra*1 & subsistence
Legal & professional
Insurdnce
Depreciation
& Telecoms
Other
10,494
2.525
24,748
1,311
28,399
10,494
2,525
24,748
1,311
30,884
12,480
5.Tt2
23,874
10,838
30,197
2,780
416
4,127
1,524
416
416
3,6CKI
1,616
1,616
2.486
74,589
77.075
92,008
Fundraising {note 5)
Charitable acliiities (r￿le 6)
6,093
70,982
6,517
85,491
77.075
92,008
8 Staff costs
2023
2022
Gross wages and salaries
Redundancy
Employerfs national insurance
Pension
Other benefits
235,196
271,130
23,128
13,383
4,254
28.701
14,977
3,055
275,961
317.863
The a￿rage number of employees during the period
The number of staff whose annual emoluments (excluding employer pension costs) were in excess of £60.000
during the period were as fcdlows..
£60,001 - £70,000
£70,001 - £80,000
> £80,IK)O
The total compensation to key management ￿rsonnel in the year to December 2023 (see page 1 of these
accounts) was £nil12022.. £nil). All key management thonnel are based at the parenl organisation in the United
States.

The Institute for Philanthropy
Notes to the accounts for the period to 31 December 2023
Staff costs have been analysed a&
2023
2022
Direct charitable experKliture
Fundraising
Go*mance
Support
244,480
20,987
283,752
21,631
10,494
12,480
275,961
317,863
9 Net income {expenditure) for the period
2023
2022
This is ststed after charging:
Depreciation
Independent Examination fees
416
2,065
416
1,876
10 Tangible fixed assets
Office
Equipment
Cost
At 1 January 2023
Additions in period
Disposals in period
2,788
At 31 December 2023
2,788
Depre¢iation
Al 1 January 2023
Charge for the peric#J
Disposals in period
2,372
416
At 31 December 2023
2,788
Net Book Value
At 31 December 2023
At 37 December 2022
476
There was a no gain or loss on the disposal of fixed assets in 2023 {2022:£nil).
11 Debtors: amounts falling due within one year
2023
2022
Prepayments and other debtors
Amount owed by group entilies
16,748
297,388
16,022
278,847
314,136
294,869

The Institute for Philanthropy
Notes to the accounts for the period to 31 December 2023
12 Creditors: amounts falling due wthin one year
2023
2022
Trade creditors
Accruals and deferred income
PAYEINI
Pension
19,135
2,065
6,494
3,251
8,942
3.705
2,506
30,945
15.153
13 Movements in funds
At1
January
2023
At31
December
2023
In¢oming
Resources
Outgoing
Resources
Tranthrs
in l (out)
Restricted Fund&
Open Philanthropy Action Lab
Total re*ricted funds
Total unrestricted funds
283.556
393.659
(391.799)
285.416
TOTAL FUNDS
283,556
393,659
(391.799)
285.416
14 Analysis of net assets between funds
Unre*icted
funds
Restricted
funds
Total
funds
Tangible fixed assets
Current assets
Current liabililies
316.361
(30,9451
316,361
{30,945}
Net assets at 31 Decernber 2023
285,416
285,416
15 Trustees. remuneration and expenses
The charity did not pay to its tnjstees any remuneration during the period {2022.' £nil) and did not reimburse any
lrnjstee expenses {2022.. £nil).
16 Related parties
During the period the charity charged management fees of £358,435 (2022.. £405.0001 to its controlling party The
Philanthropy Workshop ITrW}. a not for profit organization registered in the Uniled States of America. At the
balance sheet date the charity was owed £297.388 by TPW {2022: £278,847 owed by TPWI.
12

The Institute for Philanthropy
Notes to the accounts for the period to 31 December 2023
17 Pension commitments
The charity operates an autiFenrdment pension scheme with Smart Pension. All staff are eligible once they hake
passed their probation period, and the charity pays a 5°h employerfs contribution which is matched by a 5 /.
employees contribution Ma salary sacrifice. The charity also allows staff who ha￿ "opted out" of the aul
enrolmenl scheme to nominate a personal pension plan to receile their pension contribLrtion.
Pension cosls stated in note 8 arKI charged in the statement of Financial Actiiities represent Ihe total
contributions payable in the period.
18 Corporation Taxation
The charity is exempt from tax on income arKI gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of chargea1￿e Gains Act 1992 to the extent that these are applied to its charitable objects.
19 Operating lease commitments
The Company has operating lease commitments in respecl of its premises as follows..
2023
2022
Due in less than one year
26.609
25,248
26.609
25.248
20 Ultimate parent undertaking and controlling party
In the opinion of the Truslees the ultimale controlling paty is The Philanthropy Workshop. a not for profil
organization registered in the United States of America and domiciled at Neue House. 110 East 25th Street. New
York, NY 1Tr)10, United States.
The Charity relies on the supp(xt of its parent ￿1¢h is rellected as income in these statements. The Charily is
also in receipl of a letter from ils parent to confirn their continuing SUp￿rt of the Charity for at least twel￿ months
from the date of appro￿1 of these financial statements.
13