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Working Model - Social Venture Philanthropy Smile Foundation, adopted this novel concept of social venture capitalism to bring together business and social entrepreneurs to discover creative solution to complex social problem. By amalgamating business practices and new economy values into social landscape. Smile Foundation intends to initiate creative approaches towards philanthropic endeavors. This new platform would get people to think about their charitable giving, at the same time expanding horizons for funding sources to community wealth. Following philosophy of Social Venture Philanthropy (SVP), Smile Foundation identifies genuine local grass root initiatives doing exemplary work in promoting children’s education and health and empowers them. and extend financial support, technical expertise and capacity building of these initiatives. In addition to these initiatives Smile Foundation also support established local initiatives doing effective work for this cause by supporting ongoing projects
Steps Involved for project selection Smile Foundation follows the Social Venture Philanthropy model and based on the same these steps are followed . Step 2 - Review background information about the organization, objective, genesis, target area and focus group Step 3 - Conduct due diligence study to ascertain their capability and commitment Step 4 - Constantly monitor performance on tangible and intangible parameters Step 5 - Partner support and handhold grassroots NGOs Step 6 - Help them attain self sufficiency and scale up operations
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