The capacity to differentiate a public and direct the corresponding interest has tremendous potential to affect the opportunities available and shape the access to those opportunities. Shifts in influence and sector boundaries between the public, private, and nonprofit sector continue to be a source of tension over the legitimacy of collective, private, and voluntary action in matters described as the “public interest” in the United States. This paper outlines a framework for understanding venture philanthropy in the United States. I provide a profile of the characteristics of philanthropic social ventures that have their base of operations in the United States and describe the legal environment in which they operate. This paper concludes with a discussion of the opportunities, challenges, dilemmas, and implications of this “new” philanthropy and offers some directions for future research.
- social entrepreneurship,
- venture philanthropy,
- social policy,
Available at: http://works.bepress.com/holona_ochs/9/