The new venture philanthropy

Avcı, Süreyya Burcu (2021) The new venture philanthropy. In: Walker, Thomas and McGaughey, Jane and Goubran, Sherif and Wagdy, Nadra, (eds.) Innovations in Social Finance: Transitioning Beyond Economic Value. Springer International Publishing, Switzerland, pp. 483-503. ISBN 9783030725341 (Print) 9783030725358 (Online)

Full text not available from this repository. (Request a copy)


This chapter explains how a relatively novel concept of venture philanthropy has emerged, evolved, and survived challenges-leading us to consider how it is likely to change the business of philanthropy in the foreseeable future. Venture philanthropy shifted the direction of donations from marginalized and low-income people toward ideas and initiatives with the potential to grow into profitable businesses. Therefore, its contributions are labeled investments rather than donations. This new type of philanthropy emerged in North America first and spread to Europe at the beginning of the 2000s. This chapter presents the size and important features of the European venture philanthropy market provided by the European Venture Philanthropy Association (EVPA) as of 2017. The chapter highlights that the most critical venture philanthropy innovations are the types of target investees (donee), the organizational structure and management, the relationship with the investee, and the impact measurement. The chapter also highlights the role of the organizational structure and management of a venture philanthropic organization and its relationship with the investee, which are similar to those of a venture capitalist and its investee. While the impact presents itself as a hard to measure element, it is essential for increasing the donations' efficiency. Since other philanthropic organizations are adopting these practices, this review of recent innovations is helpful to increase their efficiency.
Item Type: Book Section / Chapter
Uncontrolled Keywords: Impact Measurement; Non-Financial Support; Social Entrepreneur; Social Return; Venture Philanthropy
Divisions: Sabancı Business School
Depositing User: Süreyya Burcu Avcı
Date Deposited: 08 Aug 2023 23:20
Last Modified: 08 Aug 2023 23:20

Actions (login required)

View Item
View Item