Asked by Jakob Deckard on Jun 10, 2024
Verified
Briefly discuss any two accepted principles of venture philanthropy from the European Venture Philanthropy Association (EPVA).
Venture Philanthropy
An approach to philanthropy that applies venture capital principles, such as long-term engagement and performance-based funding, to achieve social impact.
European Venture Philanthropy Association
A network focused on promoting venture philanthropy and social investment across Europe to foster societal impact.
- Familiarize oneself with the significance of venture philanthropy in the assistance of nonprofit groups.
Verified Answer
TK
Terrence KrugielkiJun 16, 2024
Final Answer :
Venture philanthropists provide substantial and sustained financial support to a limited number of organizations.Support typically lasts at least three to five years,with an objective of helping the organization to become financially self-sustaining by the end of the funding period.This is termed multiyear support.As in venture capital,venture philanthropists take an investment approach to determine the most appropriate financing for each organization.Depending on their own missions and the ventures they choose to support,venture philanthropists can operate across the spectrum of investment returns.This is termed tailored financing.
Learning Objectives
- Familiarize oneself with the significance of venture philanthropy in the assistance of nonprofit groups.
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