Venture Philanthropy uses philanthropic dollars earmarked to do some kind of social and community good as a source of capital for businesses launched in marginalized communities.
The monies are managed through a Program Related Investment (PRI) fund and deployed as capital for the purpose of launching businesses.
Significant Matters raised over $850,000 of venture philanthropy funds that were invested in businesses focused on creating sustainable and transformational solutions.
A customized collection of grant news from foundations and the federal government from around the Web.
Although celebrity names and support associated with social enterprises can be an effective tool to promote a business and tackle a social mission, they do come with their risks.