New Venture
Philanthropy
The Solution
Experienced and successful businesspeople often think of their accumulated wealth in two buckets: money for financial investment and money for charitable purposes or philanthropy.
A wise financial investing mindset dictates monies be put to good use where financial risk and return have a strong positive correlation: high risk = high return. Unfortunately, this wise financial mindset simply doesn’t lend itself to investments in marginalized communities.
On the other hand, using philanthropic or charitable dollars to assist these marginalized communities is something that is already done, done often, and done generously. Local not-for-profits benefit from generous donors and provide acute relief and betterment for the benefit of those in the condition of poverty.
This is good and essential work, but might this generosity be masking, if not debilitating progress against the core problem of economic development in the same communities?
​NEW Venture Philanthropy is about deploying traditional philanthropic dollars as capital for entrepreneurial businesses in marginalized communities.
Mobilizing philanthropic dollars in this way creates significant progress on a variety of economic returns in marginalized communities, with the hope of financial returns in the future. And it’s a far better use of philanthropic dollars, generating the potential for real wealth generation, meaningful employment, and hope for those stuck in a cycle of poverty.