The Difference Podcast: Andrea and Federico, Ferdinando and Luigi Innocenti Foundation “What is more beautiful than a place where everybody is fun and you can experience joy?” That's Federico Calafuri, deputy director and co-founder of the Ferdinando and Luigi Innocenti Foundation, and it sums up a conversation unlike any we've recorded for this podcast. Federico co-founded the foundation to carry forward his family's legacy; the Innocenti name behind the Lambretta scooter. Andrea is the foundation's chief executive, and before this role she led Uprising and was head of foundation at Liverpool FC Foundation. She also appointed me to the CEO role at Street League back in 2010, when she was on the board there! Their story is the case study behind the chapter on impact fundamentals; the need, vision and purpose statements that sit at the cornerstone of any theory of change. This is the conversation behind that chapter. Two truths and a lie Federico gave us: he's a really positive person, he's a really good swimmer, and he loved playing tennis when he was young. Andrea gave us the best set we've had on this podcast so far: she was once stuck in a revolving door with Mikhail Gorbachev, she features in the Guinness World Book of Records three times, and she failed her driving test on two consecutive days. I won't spoil either answer here. It’s well worth listening to the end to find out the answers! A family built on invention Before we get to impact, you need to know who the Innocenti family were. Ferdinando was a blacksmith's son from Rome who built a factory in Milan, and after the Second World War, decided the best way to get Italy moving again was the Lambretta scooter. Federico talks us through that history, and why the themes of freedom, fun and invention it left behind are written into everything the foundation now does. Finding the word “joy” The foundation's theory of change centres on helping young people find passion, purpose and joy; not the most obvious outcome for a funder to commit to. Andrea and Federico talk us through how it emerged: months of listening, workshops with young people, and a needs statement that says there's already plenty of support for education and employment, and not nearly enough for joy. Andrea's reflection on this is one I keep coming back to: it's rare to work with a board willing to take the long view, resist the pressure to rush to conclusions, and let the right answer emerge rather than forcing one early. Funding the invention, not the sugar cube We talk about risk a lot on this podcast, and Andrea's framing was one of the best yet. Funding an existing, proven project is like giving a sugar cube; sweet while it lasts, then gone. Instead, the foundation funds organisations at the front end, giving them breathing space to try things they haven't yet got the evidence to take to bigger funders. Federico is honest about how uncomfortable that can be for smaller charities used to delivering certainty, not experiments; and why he thinks every minute spent on impact measurement is really an investment in an organisation's future. Listen now Andrea and Federico lead the Ferdinando and Luigi Innocenti Foundation. Their case study features in The Difference: How to Understand, Measure and Maximise Social Impact, out now. The Difference Podcast is hosted by Matt Stevenson-Dodd and Helen Gregg.