For many years some of the nation's most prestigious foundations have been trying to bridge the divide between the haves and the have-nots. In the last ten or so years, many funders have asked whether we can create an innovative model of philanthropy that can exist in our new economy and better serve the communities in which we all live.
Here in Silicon Valley, one method has been called "venture” or, more recently, “engaged” philanthropy, a model that brings some tenets of venture capital investment to the world of traditional philanthropic practices.
This model forges new links between the private and nonprofit sectors by combining principles of investing (due diligence, taking a risk on a start up organization, investing in leadership) with traditional grant-making. It brings the strength of both to organizations and ideas that are seeking new ways to transition into the future.
Asset Management and the Johnson family are believers and participants in this approach through their financial and active involvement in groups carrying this message forth.
(Currently they do not accept unsolicited proposals for funding.)
