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Venture philanthropy is a type of impact investment that takes concepts and techniques from venture capital finance and business management and applies them to achieving philanthropic goals.^[1]^[2] The term was first used in 1969 by John D. Rockefeller III to describe an imaginative and risk-taking approach to philanthropy that may be undertaken by charitable organizations.^[3]

^ Forbes via NBC News 'Venture philanthropy' is new buzz in business: Buffett, Gates not the only tycoons reshaping world of charitable giving
^ Leborgne-Bonassié, Marie; Coletti, Michele; Sansone, Giuliano (2019). "What do venture philanthropy organisations seek in social enterprises?". Business Strategy & Development. 2 (4): 349–357. doi:10.1002/bsd2.66. ISSN 2572-3170. S2CID 197889487.
^ Helmut K. Anheier; Stefan Toeple, eds. (2009-11-24). International Encyclopedia of Civil Society. Springer. p. 1606. ISBN 9780387939964.