Venture Philanthropy: The “Marketization” of Civil Society?



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Code : SEP0007

Year :
2005

Industry : Not Applicable

Region : Global

Teaching Note:Not Available

Structured Assignment : Not Available

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Abstract: As the world moved into the 21st century, ‘a new golden age of philanthropy’ dawned in the form of Venture Philanthropy (VP), which aims at helping the non-profit (civil society) organisations to build their organisational capacity and improve effective performance. Drawing from the venture capital model of the for-profit (private) sector, this new philanthropy is all set to revolutionise the non-profit capital market. It embraces both the policies and practices of the for-profit sector and the principles and missions of the non-profit sector, and operates with a ‘Double BottomLine’. This emerging face of philanthropy raised serious concerns, if it would cause free markets to encroach upon the non-profit sector and lead to ‘marketisation’ of civil society, if it would end Corporate Social Responsibility (CSR) in a PR game, and would hamper the independent, objective functioning of the civil society.

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Pedagogical Objectives:

  • To discuss the operations of some prominent VP organisations
  • To discuss the nuances of this new model in the non-profit capital market, and its implications for both the civil society and the corporate sector
  • To discuss several kinds of philanthropies such as traditional philanthropy, and Mahatma Gandhi's concept of ‘Trusteeship’ for social good

    Keywords :Corporate Social Responsibility Case Study Venture philanthropy (VP), Corporate social responsibility (CSR), Venture capitalists, Non-profit capital market, Charitable organisations, Philanthropic trusts and foundations, Social entrepreneurship, Self-sustaining philanthropy, Accountability-for-results process, Exit strategy, Professionalisation of non-profit management, Marketisation of civil society, Due diligence exercise, Engaged philanthropy, VP partners and NESsT (Non-profit Enterprise and Self-sustainability Team )

    Contents :
    » THE “NEWPHILANTHROPY” – REVOLUTIONISINGTHE NON-PROFITS
    » VENTURE PHILANTHROPY AND SOCIAL ENTERPRISE
    » THE “MARKETISATION” OF CIVIL SOCIETY?


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