Venture philanthropy means funding organizations that support enterprising nonprofits and social entrepreneurs with not only financial resources, but also management and technical support as well. This support is focused on enabling nonprofits to build greater organizational capacity and infrastructure via long term, engaged relationships with investees. It's all about supporting and building capacity. But before looking at what more people say venture philanthropy is, let's see what venture philanthropy is NOT, according to Mario Morino , a leading advocate of venture philanthropy. We are not a venture capitalist's answer to philanthropy.
Venture capitalism is, for the most part, a mercenary business.
It is focused on fast investment and even faster returns, and it imposes dramatic consequences for failing short of either. Venture capitalism serves its purpose. But it is not our purpose. Our purpose is to boost the capacity of the nonprofit sector to provide services that enrich people's lives. We seek a real, long-term commitment that marries the passion and commitment of the nonprofit world with the efficiencies and advantages of the New Economy.