The largest part of our donation goes to the Foundation, which supports a range of charities, the majority of which focus on seeking treatments for or supporting patients with disease. In addition to this, the Syncona Investment Management Limited team directly support a number of other charitable partners.
Each year, Syncona provides a significant level of philanthropic funding to the two charities it supports, The Syncona Foundation and The Institute of Cancer Research (ICR); charities which have ambitions aligned to our vision to deliver transformational treatments for patients and through which we believe we contribute to the wider healthcare ecosystem.
The majority of our donations go to the Foundation, which supports a range of charities, most of which focus on seeking treatments for or supporting patients with disease. The Foundation’s support extends beyond funding these charities and includes networking and helping to form links and support wider fundraising efforts.
As part of that support individual members of the Syncona team work closely with a number of the charities.
Of NAV to Syncona Foundation and ICR
Donated to charity this year
Total donations to charities to date
We will donate £4.7m this year, bringing our total donations since 2012 to £36.4m. We were able to increase the donation in the year, the foundation benefitting from the growth in our NAV, and continuing to benefit from the decision in the previous financial year to increase the donation from 0.30% of NAV to 0.35%.
In addition to support provided to Syncona Foundation charitable partners, the team also provides direct support to Fast Futures and The Windsor Fellowship. Fast Futures receive a donation of £25,000 to provide scholarships for learners in their 12-week development programme, with 13 Syncona team members also donating an average of 7 hours of their time as mentors for the first cohort we will support. Through The Windsor Fellowship, we will sponsor one PhD student per year in a STEM subject, with participants spending 6-months after their third year of study as an intern at Syncona. This will include one day a week as paid ‘write up time’ to help them complete their PhD. More information on our work with these charities can be found in our Sustainability Report.