The main goal of the Donor Fund (Stichting Pymwymic Donor Involve Fund), is to reduce social inequalities as well as solving social and environmental issues by supporting business solutions. Through donation capital, we support seed stage social enterprises with both equity and debt instruments.
The world is in desperate need for new and innovative solutions to its most pressing problems. On September 25th 2015, countries from all over the world adopted a set of 17 Sustainable Development Goals to end poverty, protect the planet and ensure prosperity for all. This 2030 Agenda for Sustainable Development is a plan of action and of transformation.
Pymwymic believes that social entrepreneurs are at the heart of this change. The world is full of passionate, creative social entrepreneurs designing and building innovative ways of addressing challenges and turning global problems, including the Sustainable Development Goals, into sustainable businesses.
But social entrepreneurs need sustained support, coupled with patience and flexibility. Currently few investors have the risk appetite or resources to help nurture young social enterprises. Venture philanthropy provides the answer to this funding gap.
Driven by a mission to accelerate systemic transformation, Donor Fund supports seed stage social enterprises with both equity and debt instruments. Please find the full Policy Plan here.
Established in 2014, in order to set up a broader impact platform, the Stichting Pymwymic Donor Involve Fund (“Donor Fund”) was launched. A venture philanthropy organisation with the mission to fund the ‘non-fundable’ seed stage social enterprises that turn global problems into sustainable businesses.
Stichting Pymwymic Donor Involve Fund is registered with the Tax Authorities as a Public Benefit Organization (ANBI). From 1 January 2018, the following tax benefits apply:
- an ANBI does not have to pay inheritance tax or gift tax on inheritances and donations that the ANBI receives in the context of the general interest
- payments made by an ANBI in the general interest are exempt from the right of donation
- if an institution is designated by the Tax Authorities as an ANBI, a donor can deduct donations from the income tax or corporation tax, of course within the applicable rules
Organisation & Governance
Supervisory and Executive Board
The Donor Fund has a Supervisory Board which works closely with the Managing Director Pymwymic Investment Management B.V. and provides advice and support (e.g. on strategic plans). On average, the Board meets 4 times a year. The Supervisory Board currently consists of the following five members:
- Ilse Bastmeijer – Chair;
- Frank van Beuningen;
- Ad van der Sluijs.
The Board further outsources the day-to-day management to Managing Director Pymwymic Investment Management BV.
Please find here the most recent annual report.
Board members receive no remuneration or compensation. The Executive Board receives a remuneration: either through fixed salary potentially with a capped bonus. This is proposed by the Managing Director of Pymwymic, approved by the Board.
The Managing Director will review every year the individual performance of the Donor Fund Director based on the scores per target category and will also include in this assessment the overall performance of the company. Scores rank from 1 to 5, where 5 represent the best score and 1 the worst. The Managing Director will be reviewed by the Board.
The Donor Fund investment portfolio will be well diversified in terms of countries, sub-sectors (SDG’s) and financing instruments (equity and debt capital). The investment and allocation decisions will be based on proper risk management and diversification principles. The Donor Fund makes use of an experienced investment team with a strong balance of skills, experience and network, across the investment and impact space. The investment team works closely together with the Pymwymic community, comprising of some of the most experienced impact investors in Europe, and having access to experience and knowledge networks, all supporting the further success of the Portfolio Companies.