Thursday, June 20, 2013

Venture philanthropy takes root | Westfair Communications

Venture philanthropy takes root | Westfair Communications: he SVP model first began in Seattle in the 1990s when former Microsoft employees wanted to do more than just make charitable donations, Kendall said. They wanted to lend their business and financial expertise to help grow charities to make an even bigger impact.

And now that idea has quickly spread. Today there are more than 35 SVP chapters across the globe that have contributed more than $46 million to hundreds of nonprofits.

With the support of the Fairfield County Community Foundation (FCCF), Fairfield County will now have its own chapter, but with a small twist. The group doesn’t plan to work with charities. Instead it plans to work only with scalable social enterprises or businesses that have charitable aspects built into their business models.

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