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 1 - Identify genuine grassroots initiatives
in the field of children’s health & Education
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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