Who we are and what we do Sue Holloway, Director

Contents Objectives & History People Funding Projects How we work Lessons learnt Why support PBE © Pro Bono Economics

OBJECTIVES & HISTORY © Pro Bono Economics

Aims to match professional economists with charities; providing pro bono help to measure performance and understand charity impact © Pro Bono Economics

History 2009 – incorporated and registered with Charity Commission (registered charity 1130567) 2010 – 2 members of staff appointed and start of first full financial year Supported by the Government Economic Service, the Bank of England, private consultancy firms and academics © Pro Bono Economics

PEOPLE © Pro Bono Economics

Four trustees Martin Brookes CEO, New Philanthropy Capital Andy Haldane Executive Director, Financial Stability, Bank of England Lucy Heady Economist, Peace Dividend Trust Dave Ramsden Chief Macro-Economist, HM Treasury & Head of GES © Pro Bono Economics

Fourteen high profile patrons from the economics profession including Sir Gus O’Donnell Cabinet Secretary Lord Adair Turner Chairman of the FSA Sir Howard Davies Former Director of the LSE Rachel Lomax Former Deputy Governor of the Bank of England © Pro Bono Economics

Staff Two full-time members of staff Sue Holloway Director – former Government Economist & Chartered Management Accountant Sarah Hewison Operations Manager One part-time volunteer Andy Cawthera Economist located at The Oasis Centre, 75 Westminster Bridge Road © Pro Bono Economics

FUNDING © Pro Bono Economics

Grants, donations & sponsorship 2009 – volunteers and no budget 2010 - staff and funding to build the charity and sustain its early momentum Grants from institutions and individuals, sometimes with conditions justgiving capability via the web site Annual lecture and other PBE events to be part or fully sponsored 2011 - funding secured but thinking about how and when to grow © Pro Bono Economics

PROJECTS © Pro Bono Economics

Overview 56 charities have registered projects 18 proposals have been withdrawn or rejected 28 projects have had 62 economists allocated to them 3 reports completed to date PBE is committed to diversity of projects, by size, by sector and by region © Pro Bono Economics

Moving forward Publish 5 reports by end June 2011 Scope 15 and complete 13 projects currently under way Communicate with charities to elicit additional proposals © Pro Bono Economics

HOW WE WORK © Pro Bono Economics

Who does what Economists and Charities register on-line PBE helps scope project, matches economists and monitors work Output can be advice or analysis PBE arranges peer review of analysis Charity & PBE agree publication Feedback and learning help to improve the process going forward © Pro Bono Economics

Economist roles Scoping economist - 1.5 – 2 days per project Team member - min. 6 months’ elapsed time, often more Peer reviewer - 0.5 – 1 day to review and check Mentor – supervise a junior team → Increase & differentiate pool of economists © Pro Bono Economics

LESSONS LEARNED © Pro Bono Economics

Charities Have lots of enthusiasm BUT often Don’t know what they want Haven’t asked themselves some very basic questions Think they have good data when they haven’t Move very slowly on things which aren’t frontline © Pro Bono Economics

Projects with charities Take a long time – on average: 3 months to set up an initial meeting + 6 weeks to agree what they actually want + 7 months to work out if this is feasible (scoping) + 6 months to do the analysis © Pro Bono Economics

Economist volunteers Have different skills & availability Have peaks and troughs in their day jobs Are often not motivated by process Need appropriate support if not in organisation linked to PBE © Pro Bono Economics

Overall lessons Combination of charity sector and economist volunteers means no quick wins A lot of investment needed now to facilitate good projects in the future © Pro Bono Economics

WHY SUPPORT PBE © Pro Bono Economics

What we can do for you Harness a very large pool of talent in the economics profession and help you to contribute your skills to the charity sector Help you to provide charities with evidence of impact to support their fundraising and advocacy activities Give you exposure to issues you may not come across in your day job © Pro Bono Economics