Why Venture Philanthropy Is the Future of Giving
For decades, the formula has remained unchanged: donors give to charities, nonprofits, and other social purpose organizations â€” in Canada, more than $12 billion was donated last year â€” and organizations, in turn, use those donations to run their programs and offer services in their communities. Benefits are considered to be directly correlated to the size of the donation: more money = more programs and services; less money = fewer programs and services. The cycle simply repeats ad infinitum, without a real understanding of results, impact, or long-term value. More here.