#VenturePhilanthropy a new forward-thinking approach for #nonprofits.
Venture philanthropy (VP), modelled on venture capitalism, offers a way to invest in charities that are testing new approaches to solving old problems. Some big donors, including the Gates Foundation and USAID, the American government’s aid agency, run competitions for innovative approaches, which are extended if they prove to be effective and efficient. They look for rigorous evaluation with key performance indicators. For more information on VP check out this great article.