Supporters Say Venture Philanthropy Still Thrives, Even if Reach Is Limited

Palo Alto, Calif.

Some seven years after "venture philanthropy" entered the language of modern philanthropy in a Harvard Business Review article, such giving remains just a tiny slice of foundation grant making. However, the roughly 200 people who gathered last month at Stanford University to discuss venture philanthropy's future seemed relieved that it has gained a toehold, even if a modest one, in the grant-making world.

"This is

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