EVPA is reporting significant momentum and sophistication for the venture philanthropy (VP) and social investment (SI) sector over the past year. The findings are part of the EVPA annual survey, an important yearly indication of the growth and effectiveness of VP/SI organizations in Europe.
This year’s report, surveying 95 organizations, shows a 28 per cent increase in average financial support per organization from €6.3 million to €8 million over the past year, and over €5 billion invested since the approach started being used ten years ago. Non-financial support, a key characteristic of the VP/SI approach, increased slightly this year in terms of total spend on aggregate.
European VP/SI organizations invested across a spectrum of organizational types but non-profits without trading revenues and social enterprises are the main target of investment, receiving 35 per cent and 32 per cent of total funding respectively.
Other interesting findings include the fact that over 96 per cent of respondents now use impact measurement to gauge effectiveness, and that 85 per cent of organizations use impact measurement to inform decisions whether or not to unlock new funding.
To download the survey