New Venture
Philanthropy
The Concept
Venture Philanthropy, using donated dollars to fund investments in efforts that are not easily funded by those with a financial interest or the government, is not a new idea. In 1979, Harvard University coined the term when philanthropists began filling the research and development gap by funding research to cure significant diseases and taking an ownership interest in any intellectual property or patents generated. NEW Venture Philanthropy on the other hand, is this old idea with a twist; one that produces culture-transforming impact in US marginalized communities!
Why do marginalized communities in the US tend to remain marginalized, locked into what appears to be a haunting rendition of generational poverty that breeds hopelessness and despair, yielding to crime, insecurity, blight, and ultimately gentrification that pushes marginalized people further to the fringe of society?
Traditional financial capital and return expectations rarely fill the capital gap in marginalized communities. This is why using philanthropic dollars is so important!
Remember, you (investors) are using what are earmarked philanthropic dollars as capital for these ventures in marginalized communities. This is accomplished by mobilizing your Donor Advised Fund (DAF), family office, or foundation monies.
Your role is critical, though simple. If NEW Venture Philanthropy interests you, all you have to do is join the NVP Guild and join other like-minded philanthropists!