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Venture philanthropy applies venture capital strategies, skills, and resources to charitable giving. It focuses on leadership, bold ideas, developing strong teams, active board involvement, and long-term investment. Traditional foundations and academics are closely following several organizations that are now applying venture philanthropy practices while working to build both for-profit and non-profit organizations. In practice, venture philanthropy differs widely from organization to organization.
Fidelity Charitable Services
Recognizing that many venture capitalists have an interest in philanthropic activities, the NVCA formed a partnership with Fidelity Charitable Services® (FCS). FCS encourages philanthropy through a Giving Account® with the Fidelity® Charitable Gift Fund, a donor-advised fund program. In 2008, more than 240 NVCA members, with over $70M in assets, gave to nonprofits with a Giving Account.
FCS has extensive experience accepting and processing special asset contributions such as privately-held C- or S-Corp stock, real estate, carried interest, and limited partnership interests. We have many options to meet your giving needs including the Charitable Investment Advisor Program which offers you the ability to nominate an independent investment advisor to manage your Giving Account balance.
Through our partnership, NVCA members are eligible for an annual administration fee of 0.20%, reduced from 0.60%. NVCA has partnered with FCS since 2001. For more information, contact Allyson McDonald at
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or visit www.FidelityCharitableServices.com.
Entrepreneurs Foundation
NVCA encourages its members to work with the Entrepreneurs Foundation (EF) in order to promote corporate citizenship within their portfolios. EF engages high growth companies in corporate citizenship and philanthropic efforts so that new and leveraged resources are generated for community benefit. EF works with emerging companies to develop a culture of community support and outreach. Recognizing the time and resource constraints typical of young companies, EF assists companies with the implementation of community involvement activities, matching their corporate culture and philanthropic interests with the many opportunities in the local community.
To demonstrate a commitment to the community, in joining EF, each company makes contribution of pre-IPO stock. A portion of this contribution is earmarked for the creation of our each company's own philanthropy fund and the rest supports EF's ongoing mission of engaging early-stage companies in philanthropic efforts.
For more information, please visit www.efbayarea.org.
Venture Philanthropy Organizations
Below is a list of organizations that work in the venture philanthropy arena. Please contact Jeanne Metzger at
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if you know of additional philanthropic organizations applying venture capital strategies to benefit our broader society.
Acumen Fund Ashoka Calvert Social Venture Partners Center for Venture Philanthropy The Chicago Public Education Fund Community Development Venture Capital Alliance E+Co The Echoing Green Foundation Entrepreneurs Foundation Full Circle Fund Initiative for a Competitive Inner City Institute for the Study of Aging Investors Circle Legacy Ventures Morino Institute New Profit Inc. New Schools Venture Fund New Ventures Philanthropic Ventures Foundation Pittsburgh Social Venture Partners Project Redwood The Roberts Enterprise Development Fund The Robin Hood Foundation Silicon Valley Social Venture Fund Social Venture Partners Social Enterprise Alliance Swan Ventures Venture Philanthropy Partners
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