Opportunity Child will formally separate from ten20 Foundation on 24th October 2018 and become its own independent legal entity.
This spin off is an important and exciting milestone for ten20 in its role as a catalytic philanthropy organisation and for Opportunity Child as a successfully incubated organisation. It acknowledges the boundaries of ten20’s role as a philanthropic catalyser and the importance of releasing Opportunity Child to enable its ongoing sustainability and legacy.
When ten20 entered the philanthropic sector as a ten-year sunset organisation, it was dedicated to early childhood vulnerability and community-led, collective impact efforts. It saw an urgent need for a national intermediary that:
- Supported community initiatives in an open source peer-to-peer learning network
- Focused on the importance of shared data in community planning
- Linked local insights to national, systems-level discussions around policy reform, and
- Explored the funding infrastructure required to support local community efforts
ten20 believes that Opportunity Child has demonstrated this capability and that its establishment as a separate legal entity will position it better to help local communities and national systems work differently to improve the lives of young children. In preparation for this next phase, Opportunity Child:
- Has evolved its strategy based on the foundations laid by its incubation at ten20
- Has strengthened its senior team to support CEO Dr Dianne Jackson, hiring Tara Kleine as Director of Capability and Development as well as a Director of Strategy and Operations who will start in late 2018. Sharon Fraser has also been employed as a Social Change Advisor and Janine Hoffman as Communications Manager, both on a part time basis.
- Has secured an influential new board including Ivan Power from Macquarie Group as Chair, and NSW’s former and inaugural Children’s Commissioner, Gillian Calvert.
Under this new arrangement, Opportunity Child will receive grant payments from ten20 until it winds down its operations. This will enable Opportunity Child to secure sources of funding from a wider range of players committed to improving early childhood vulnerability and community-led, collective impact.