The term ‘venture philanthropy’ was first coined in 1969 by John D. Rockefeller III who used it to describe a new approach to funding social causes. Venture philanthropy provides a blend of performance-based finance and professional services to social purpose organisations.
Charities and social enterprises are selected based to help them access funding and skills to help them become self sustaining in the long-term. The platform only works with organisations supporting children and youth, particularly those in vulnerable situations.
Service providers are invited to provide pro bono advisory services to aid investors achieve their venture philanthropy objectives. Services are primarily to investors and include due diligence, legal, business model reviews and developing social impact evaluation systems.