Venture philanthropy (VP; see image below) is a modern, relatively new form of philanthropy. It is a new way of investing in social enterprises with a social purpose that enables them to achieve a greater and sustainable social impact. VP is also seen as the new model of “Grant making”: creating and awarding a grant. The most significant difference with the traditional donation – charity where nothing is expected in return – is that with venture philanthropy compensation is expected in the form of a social and/or financial return.
Distinction from traditional philanthropy
Venture philanthropy distinguishes itself from traditional philanthropy by the combination of:
- A relationship of great involvement between the venture philanthropist and the social enterprise.
- Attention to organisational development.
- Custom-made financing.
- Non-financial support.
- Access to complementary networks.
- Multi-year support.
- Impact management.
As a foundation, we have taken the initiative for a Whealth Fund. An investment fund aimed at facilitating investors whose investment choices or the existence as an organisation is primarily based on the (contribution to the) promotion of health in a broad sense.