The Foundation embraces the principles of venture philanthropy. Using a venture capital model "social venture funding" is based on results orientated business plans.
The term venture philanthropy was first used as early as 1969 by John D Rockefeller to define foundations niche in society and refers to the non profit sectors application of certain practices used by venture capitalists when investing in new business ideas.
These can include:
- Investments in long term (3-6 years) business plans;
- A managing partner relationship;
- A focus on performance monitoring and outcomes;
- Provision of cash and expertise;
We are happy to make long term funding commitments, and closely monitor performance objectives through predefined measurement tools.
