Finance Gurus Ignite NonProfit World

Posted by accountingweb on Apr 13 2000 122 printer friendly

Venture capital firms are a dime a dozen nowadays, and most start-ups and entrepreneurial pursuits can't get enough of the wave of new money.

What about charity, nonprofits and philanthropy? Aren't organizations who hold 501(c)(3) or 501(c)(6) filing status just as viable to be funded by investors?

Yes, according to Flatiron Partners, a New York City-based venture capital firm that has just announced two new projects in its huge portfolio. Under the umbrella of the Flatiron Future Fund, one is designed to help jump-start 'social' entrepreneur projects, while the other is a public charity.

While the fund does not promise to deliver huge returns like its other funds, the priority rests in bringing new ideas to market and helping the socially conscious society.

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