Venture philanthropy combines aspects of venture capital with philanthropic goals. It involves providing funding to nonprofits and social enterprises, along with strategic support, to help them achieve social impact and sustainability. Unlike traditional philanthropy, which focuses solely on grant-making, venture philanthropy encourages the development of revenue-generating models that allow social initiatives to become self-sufficient in the long term. Investors often seek a measure of financial return alongside their philanthropic efforts, leading to a blended value proposition.