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Foundations May Be Source of Venture Capital

Foundations May Be Source of Venture Capital

Foundations May Be Source of Venture Capital

Their little-used power to make program related investments offers opportunity for creative financing of projects

Because program related investments are complicated and slightly riskier than a straight grant to a public charity, most private foundations have been reluctant to get into the program related investment business. But they have the power to do so, and that provides the creative nonprofit entrepreneur with another opportunity to suggest ways a venturesome foundation can support a charitable program.

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