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Key Characteristics of Venture Philanthropy?
Key characteristics of
venture philanthropy
:
High engagement
: venture philanthropists have a close, hands-on relationship with the social entrepreneurs and ventures they support, driving innovative and scalable models of social changes.
Tailored financing
: as in venture capital, venture philanthropists take an investment approach to determine the most appropriate financing for each organization.
Multi-year
: support typically lasts at least three to five years, with the aim of helping the organization to become financially self-sustaining by the end of the funding period.
Non-financial support
: value-added services are provided such as strategic planning, marketing and communications, executive coaching, human resource advice and access to other networks and potential funders.
Organizational capacity
: the focus is on building the operational capacity and long-term viability of the organizations
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