Among other things, the authors encouraged foundations to lengthen grant periods and to provide management support in addition to project support so that grantees could become stronger organizations and build future capacity. As with any movement, venture philanthropy is not without its critics or debate. The commentary points out the possible perils of a nonprofit organization yielding control in the guise of management support to well-meaning donors. More recent literature on the subject reveals that venture philanthropy is now going global. With the recent demise of many dot-com enterprises, however, it is unclear whether or not this trend will remain strong.
Nonprofits question the value of venture philanthropy.
The Changing Landscape . Morino Institute, 2001. The rise of new philanthropy in the old world. Letts, Christine W., William Ryan, and Allen Grossman. Venture dollars coming with a helping hand.