It has pioneered the use of several innovative financing tools and catalytic funding mechanisms within development contexts and has become one of the leaders in venture philanthropy for global development. The foundation's approach emphasises a high appetite for risk to invest in bold ideas for transformative and scalable solutions and reliance on high-quality data and evidence. By utilising a hybrid fund-and-foundation model, Hohn sought to bring a private sector-like approach to philanthropy with intellectual rigour and commercial acumen to attain clear returns for children from the outset.
ĬIFF was established in 2002 by Sir Chris Hohn and wife, Jamie Cooper-Hohn as the philanthropic arm of Hohn's hedge fund, the Children's Investment Fund Management (TCI Fund Management), which in 2019, topped the list of the most profitable hedge funds in the world. In 2021, CIFF pledged $500 million towards gender equality over five years as part of the generation equality forum. According to OECD published data, it is the world's second largest private funder of reproductive health and environmental protection globally and the largest philanthropy that focuses specifically on improving children's lives. With assets of GBP £5.2 billion (USD $6.6 billion), it is the 5th largest global development philanthropy in the world based on annual disbursements. It is a registered charity in England and Wales and in 2021 disbursed $468 million and committed $772 million in charitable investments.
The Children's Investment Fund Foundation (UK) ( CIFF) is an independent philanthropic organisation with offices in Addis Ababa, Beijing, London, Nairobi and New Delhi.
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