Venture philanthropy definition
venture philanthropy
(ˈvɛnʧə fɪˈlænθrəpi)
A high-engagement and long-term approach to generating societal impact through three core practices: tailored financing ; added-value support services to strengthen their organisational resilience and financial sustainability and impact measurement and management.
Source: European Venture Philanthropy Association (2016) A practical guide to venture philanthropy and social impact investment
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