Venture Philanthropy uses philanthropic dollars earmarked to do some kind of social and community good as a source of capital for businesses launched in marginalized communities.
The monies are managed through a Program Related Investment (PRI) fund and deployed as capital for the purpose of launching businesses.
Significant Matters raised over $850,000 of venture philanthropy funds that were invested in businesses focused on creating sustainable and transformational solutions.
A customized collection of grant news from foundations and the federal government from around the Web.
Jeff Denby co-founded PACT, a movement camouflaged as a clothing company. Denby and his team decided to build a business to fund the causes they believe in.