Founded by Sir Thomas Hughes-Hallett and Paul Marshall, the Institute plans to work with the best of the world’s thinkers to solve the worst of the world’s problems. Designed to improve the impact, effectiveness and appeal of private contributions to the public good, the institute will inform and coordinate the efforts of activists, researchers, private citizens, foundations, corporations, public bodies and social entrepreneurs.
LSE Director, Professor Craig Calhoun said: “LSE was founded to address the great social challenges of our age – from poverty to urban growth and economic development. Our research has informed effective philanthropy worldwide over the past 120 years and our graduates are among the world’s leading social entrepreneurs.
“The Marshall Institute brings extraordinary new capacity to this effort. It will nurture deeper understanding of how philanthropy and social entrepreneurship work, and deliver improvements in philanthropic performance and leadership.”
The Institute plans achieve its purpose through four core activities:
Learning – A first class master’s programme and a range of other certified courses will prepare a cadre of leaders to become the change makers of tomorrow. Teaching will mix academic excellence, practical learning and place-based experience. Courses will include executive education programmes, evening courses, distance learning and incubation programmes for social entrepreneurs.
Research and development – Research and development will provide insights and solutions to policy makers and practitioners. The Institute will conduct research into how philanthropy and social entrepreneurship work, the conditions under which they work best, and how their efficacy can be evaluated. Particular attention will be paid to how technology and new and innovative forms of financing can be harnessed; how the creation of new ventures can be stimulated; and how such ventures can best be provided with the knowledge that they need to succeed.
Community – The Institute will provide a global forum to convene the best thinkers and practitioners who are developing policy and innovation to tackle the world’s problems. Public bodies, businesses, and major stakeholders will all be brought into The Marshall Institute to explore ways of maximising the impact of private contributions to the public good.
Stewardship – The Institute will serve as a leading curator of data and research from around the globe, bringing together knowledge and case studies from all sectors and geographies to assist philanthropists and social entrepreneurs in achieving maximum impact.
Created with the assistance of a £30 million donation from Paul Marshall, chairman and chief investment officer of Marshall Wace LLP, one of Europe’s leading hedge fund groups, will equip the foremost figures in the field, and leaders of the future, with the knowledge they need to put philanthropic funding and social endeavour to best use.
To guarantee global impact, The Marshall Institute will draw upon the exceptional expertise and resources of existing departments and institutes within LSE. The Institute will also build collaborative partnerships with other leading higher education institutions, influential policy makers and practitioners operating at the frontier of change. It will prioritise innovation above all else.