User:Evpawikis/sandbox

EVPA (European Venture Philanthropy Association) is a membership association made up of organisations across Europe interested in or practicing venture philanthropy. EVPA defines venture philanthropy as an approach to build stronger social purpose organisations by providing them with both financial and non-financial support in order to increase their societal impact. EVPA purposely uses the word societal because the impact may be social, environmental or artistic. As venture philanthropy spreads globally, specific practices may be adapted to local conditions, yet it maintains a set of widely accepted,key characteristics :


 * High engagement – Hands-on relationships between the social enterprise or non-profit management and the venture philanthropists;
 * Organizational capacity-building – Building the operational capacity of the portfolio organizations, by funding core operating costs rather than individual projects;
 * Tailored financing – Using a range of financing mechanisms tailored to the needs of the organization supported;
 * Non-financial support – Providing value-added services such as strategic planning to strengthen management;
 * Involvement of networks – Providing access to networks enables various and often complementing skill-sets and resources being made available to the investees;
 * Multi-year support – Supporting a limited number of organizations for 3-5 years, then exiting when organizations supported are financially or operationally sustainable;
 * Performance measurement – Placing emphasis on good business planning, measurable outcomes, achievement of milestones and financial accountability and transparency.

Established in 2004, #REDIRECT EVPA is a unique network of venture philanthropy organisations and others committed to promoting social investment and high-engagement philanthropy in Europe. EVPA’s diverse membership includes venture philanthropy organisations, grant making foundations, private equity and professional service firms, banks, philanthropy advisors and business schools.