- Why then do we not feel/see the outcomes and impact on the ground?
- How many Social Entrepreneurs (SocE's) currently exist and where are they?
- What Sectors are they active in and what issues are they addressing?
- Who are the real beneficiaries of their programs?
- What additional support is there for them
- Do we have business mentorship/coaching skills available to be transferred to SocE's
- Are we able to measure and quantify the social impact?
Thursday, 24 May 2007
Study confirms SA's charitable nature
You will be surprised to know that recent findings of the "State of Giving Project's" research report suggests that individuals contribute an average of R920 million per month toward poverty alleviation and development in South Africa. Add to this Corporate Social Investment , Government Social Investment at all levels, Donors etc and you have a substantial investment in Social Development in South Africa. It would appear that contrary to most peoples belief, funds are not the problem:
Monday, 07 May 2007
What is Venture Philanthropy?
Venture Philanthropy is the philanthropic application of venture capital principles and practices to innovative non-profit organisations.
The practice emerged in the 1990's in the US and was based on the premise that if social entrepreneurs could be supported with funding and given access to tools and business advice that would accelerate their ability to achieve their goals, great things could happen.
The establishment and maturing of pioneering organisations is driving real change. There are now 30 venture philanthropy funds in the US, UK and Australia.
Practises that characterise a venture philanthropy model are:
The practice emerged in the 1990's in the US and was based on the premise that if social entrepreneurs could be supported with funding and given access to tools and business advice that would accelerate their ability to achieve their goals, great things could happen.
The establishment and maturing of pioneering organisations is driving real change. There are now 30 venture philanthropy funds in the US, UK and Australia.
Practises that characterise a venture philanthropy model are:
- Multi-year funding;
- Support to a select portfolio of non-profit ventures where depth of impact is received;
- Capacity building and strategic management advice via business mentoring; and
- Outcomes measurement and reporting the social return on investment.
Is this the way of the furure for Social Enterprise (SocE) development in South Africa?
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