Social Venture Partners Grows Philanthropy, Report Reveals
(Cleveland – 2/20/12) Social Venture Partners announces results from its latest in-depth, longitudinal study assessing the effectiveness of its unique model of engaged philanthropy. Specifically this study measures Social Venture Partners’ role in influencing its 2,100 partners to increase their philanthropic development and engagement. According to the, 2011 Report on Philanthropy Development Outcomes “Making a Difference Where it Matters,” partners (members) in SVP increase their philanthropic giving, give more strategically and are more involved in their community. The longer they are an SVP partner, the greater the changes in these outcomes.
Partners’ giving increases because of SVP.
65% of respondents indicate that their giving has increased since joining SVP. 80% credit SVP with at least some impact on their giving. 36% cite involvement with SVP as the leading factor.
Partners give more strategically because of SVP.
Respondents’ use of each of ten giving criteria has increased between 61% and 163% since joining SVP. 96% cite SVP as impacting the way they give. 53% cite it as the leading factor.
Partners are more involved in the community because of SVP.
Respondents report increases in all nine defined areas of community involvement, including a 66% increase in volunteering. 91% credit SVP for increasing their community involvement; 51% cite SVP as the leading factor.
The longer a partner is involved in SVP, the greater the changes in all three outcomes.
One in four long-term partners have increased their giving by more than 100%. Long-term partners report giving more strategically. Similarly, long-term partners report larger increases in eight of the nine areas of community involvement, particularly volunteering (77%), leveraging resources (70%) and community problem-solving (66%).
“We know there’s a tremendous chasm between the challenges we face as a society, and the scale at which we are tackling those challenges,” says Ruth Jones, CEO of Social Venture Partners International, the network association of SVPs which commissioned this study. “Every day we ask ourselves, how can we, as a collective of Social Venture Partners, make the biggest impact possible on the most deeply entrenched social issues? This report confirms that SVP is a powerful vehicle for social change. SVP changes giving behavior and is strengthening the philanthropic landscape.”
Philanthropy development is a fundamental element of the SVP model: SVP partners give their time, professional experience and creativity to work in partnership with nonprofits and local leaders to meet specific community needs. Partners volunteer professional skills and strategic counsel to help nonprofits build capacity and make vital connections within the community.
Specifics for SVP in Cleveland
Being an SVP partner significantly impacts the amount of one’s philanthropic giving: 52% of partners report an increase in personal donations since joining Cleveland Social Venture Partners.
Cleveland SVP changes the way partners give. 52% of partners report implementing more key giving strategies after joining Cleveland SVP. 91% of respondents report taking a more proactive, mission-driven approach when making their giving decisions versus 61% before SVP engagement. 82% of respondents report that they made decisions based on collaboration with others versus 43% before joining SVP, and 70% of respondents donate directly toward funding nonprofit infrastructure, doubling the previous number of 35% prior to SVP engagement.
Members of Cleveland SVP are more active and engaged with their community as a result of their involvement. 46% of partners report an increase in their community involvement while 55% say that Cleveland SVP has had at least some impact on their change. Leveraging resources, volunteering, and growing awareness of community affairs are cited as the three aspects where involvement increased the most.
SVP continues to redefine traditional philanthropy by actively transforming the behavior of its partners to increase overall community engagement.
About Social Venture Partners
Social Venture Partners (SVP) is a global network of local partners connecting passion and purpose. SVP helps individuals realize greater impact with their giving, strengthens nonprofits, and enriches the social sector – we make connections that make a difference. As of January 2011, the SVP network had contributed nearly $41 million in grant investments to 500 nonprofit organizations and provided tens of thousands of volunteer hours in service and counsel. Today, there are more than 2,100 people involved in 25 Social Venture Partners organizations in the United States, Canada and Japan.
In Cleveland since 2001, SVP partners have provided over $1 Million to nine nonprofits in direct grants, high-level volunteer consulting, other donations, and access to other resources. SVP welcomes new donor-volunteers to its partnership.