The TowerBrook Foundation was established in 2006 by the partners of the firm to contribute to the communities in which we live and work. Its focus is on investing in improving the life chances of young people not in education, employment or training.
The Foundation is an integral part of the identity and culture of our firm. It reinforces our ethos and furthers the values we seek to promote within our business. We believe that giving together will help us to grow as a firm as well as making a lasting difference to those we support.
We partner with carefully selected charities where we can be directly involved and where our investments can have a measurable impact.
We engage in a range of activities that include supporting management to become more effective; devoting resources in kind, including volunteering, to practical projects; and helping to raise awareness of the charities’ work, including among our portfolio companies, so that they can grow and thrive.
We have chosen to support three organisations in particular: City Year, which runs a mentoring programme in city schools in the US and the UK; Habitat for Humanity, which builds simple, affordable housing in partnership with people in need across the world; and Uncommon Schools, which runs a network of urban schools in the US.
The TowerBrook Foundation is funded from the profits of our business and is registered as a charity.
City Year has operated in the US since 1998 and TowerBrook was instrumental as a founding partner in its launch in the UK in 2010. City Year partners with public schools in 27 urban communities across the US and through affiliates in South Africa and in the UK, where it is active in London, Birmingham and Greater Manchester. Its mentoring programme engages young people in tackling educational inequality through a year of full-time voluntary service in schools in inner-city communities. City Year has a double benefit – children are supported while young adults develop leadership skills and invest in their own future.
Habitat for Humanity is a global non-profit housing organisation working in nearly 1,400 communities across the US and in approximately 70 countries around the world. Habitat’s vision is of a world where everyone has a decent place to live. It works towards this goal by partnering with people who help build their own homes alongside volunteers, developing strength, stability and self-reliance and creating a home on which they pay an affordable mortgage.
Uncommon Schools starts and manages outstanding urban charter public schools that close the achievement gap and prepare low-income students to graduate from college. Its non-profit network of 49 schools in New York, New Jersey and Massachusetts consistently rank among the highest-performing in their home states. Uncommon Schools is committed to cultivating the intellectual curiosity and grit that will spur students’ success in the classroom and in their communities.