| In 1960 s,the European and American public welfare community established a new funding model-Venture Philanthropy(VP),in order to improve the efficiency of public welfare.It has been followed by other countries because it has achieved significant social influence and value,including China.As a new public charity and investment method,VP can realize the large scale of public goods,increase the channels for government purchases,improve public services quality,and play an important role in enhancing the ability of building social organizations in China and achieving sustainable development.As one of the three major organizational forms,foundations have become the upstream institutions in the public interest ecology due to the nature of their “public interest financial center”.How to innovate the funding model and realize its own value mission has become an important issue.VP is one of the paths available.This article uses the literature research method to understand the connotation factors,development status,emerging problems and operational processes of China's foundation VP,analyze the Aiyou Charitable Foundation,the Shanghai Charity Foundation,and the Ginkgo Foundation,and compare the differences between the three venture capital types.Finally,the SWOT method is used to analyze the advantages,inadequacies,opportunities,and challenges of the foundation's VP,and give countermeasures and suggestions for the existing issues of public VP for domestic foundations.Studies show that there are about 71 foundations with 75 VPs in our country at present,and the objects are public welfare organizations,public welfare projects and public-spirited man,which is given priority to public welfare projects,although the participation is not enough,it has formed a rich support system and obtained the certain social influence.Of course,there are some problems: low level of foundation participation,short VP cycle,insufficient performance,and the elimination mechanism has not been established.VP needs multiple elements to participate in it,such as foundation,government,the third party evaluation agency,VP objects,the policy environment,public opinion environment,etc.Operation process is mainly divided into three stages: selection of object(foundation),VP support and growth(core),performance evaluation and exit(complete).Foundation,with the natural properties of the "consortium",has the advantages ofabundance of funds,strong resource pooling,and a high degree of freedom for choosing.This,together with the increasingly perfect public welfare system in China and the rapid development of the Internet and information technology,in the era of cross-border cooperation,foundation VP will contribute a huge public effect.However,many domestic foundations have problems such as their own unclear positioning,lack of staff,and lack of capacity building.Moreover,public awareness of VP in China is insufficient,and it is confused with government purchases.Third-party assessment agencies are also lagging behind.Venture philanthropy also face great challenges.To this end,the author believes that in order to stimulate the enthusiasm of the foundation's VP and realize the benefits of large-scale public welfare,the government must firstly issue policy documents to broaden the VP development space,and at the same time promote the development of third-party assessment agencies;secondly,the foundation itself must strengthen its capabilities and strengthen cross-border exchanges,build a platform for information exchange through VP associations,and improve the effectiveness of VP in multiple directions.Finally,through the joint efforts of the academic community and the industry,train a group of professional public-spirit person. |
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