There is increasingly more attention all over the world about new forms of funding the creation of social value. On Wikipedia, you will find the following definition of venture philantrophism: "keys concepts and techniques from venture capital finance and high technology business management and applies them to achieving philanthropic goals".

EVPA defines VP as "Venture philanthropy works 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, medical or cultural. The Venture Philanthropy approach includes both the use of social investment and grants."
It basically about a new way of funding social initiatives together with the more "classic" philanthropy that in the recent years undertook major transformation.

Here contributions are welcome to discuss both about VP and philanthropy and grant making in general