Venture philanthropy
 | This article relies largely or entirely on a single source. (September 2011) |
Venture philanthropy takes concepts and techniques from venture capital finance and business management and applies them to achieving philanthropic goals.[1]
Examples
The Centre for Effective Altruism spun off a venture philanthropy project in 2014, called Effective Altruism Ventures. Other examples of this type of venture philanthropy are the Robin Hood Foundation in New York City, Tipping Point Community in the San Francisco Bay Area, The Research Acceleration and Innovation Network (TRAIN) initiative from FasterCures,[2] the Asian Venture Philanthropy Network (AVPN), and the European Venture Philanthropy Association (EVPA).
Criticism of venture philanthropy in education
Teachers unions have been critical of how venture philanthropists have brought in deregulation and market-based practices into schools e.g. New Schools Venture Fund in the US.[3] and the Gates Foundation [4] have come under particular criticism.
GERM
Professor Susan Robertson of Bristol University in referring to GERM: the Global Education Reform Movement pinpoints the principal parties interested in GERM : Pearson (owners of EdExcel, The Economist, TheFT etc. who have moved out of housing and into education), Elseviere as well as “venture philanthropists” including James Tooley, Michael Baiber, Bill Gates. She also identified some key moments in its development e.g. the 2011 International Summit on Teaching Profession which took place in New York attended by OECD and many multilateral agencies but not a single teachers union. Some strategies of corporations and governments e.g. PISA, TELUS and SABER are also mentioned as key moments of the ongoing global privatization of education.
See also
References
- ^ Forbes via NBC News 'Venture philanthropy' is new buzz in business: Buffett, Gates not the only tycoons reshaping world of charitable giving
- ^ Venture philanthropy gains steam, pushes promising science through to patients
- ^ https://www.education.wisc.edu/soe/news-events/news/2014/06/20/paper-co-authored-by-zeichner-examines-growing-role-of-venture-philanthropy
- ^ https://www.jacobinmag.com/2013/09/this-labor-day-thank-a-teacher/
External links
- Effective Altruism Ventures
- CNET Universities and industry: A marriage of convenience
- Kirsch Foundation Definition of Venture Philanthropy
- EVPA's Definition of Venture Philanthropy
- The Foundation for Advanced Philanthropy Advanced Concepts
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