What is it about?
The King Baudouin Foundation launched the Venture Philanthropy Fund back in 2009 as part of a drive to diversify and modernise its philanthropic tools. Now more than ever, we are committed to ensuring that the funds entrusted to us deliver maximum impact. This form of philanthropy aims not only to provide organizations with financial resources but also to bring in external expertise and promote network-building.The aim here is to foster a long-term dynamic and contribute to a process of strengthening associations’ capacities, thereby offering them sustainable support. The ultimate goal is to enable them to develop or consolidate a suitable economic model that safeguards their long-term future. The director and members of the board of directors play a crucial role in shaping changes and developments, which is why the Fund attaches such importance to their talents and leadership qualities.
The following pages showcase the 33 organizations supported by the Venture Philanthropy Fund, revealing how the approach is applied in practice. This third impact report details the outcomes achieved and includes interviews with the organizations’ managers and the consultants that helped them.
Finally, we are delighted to be embarking on an active partnership with BNP Paribas Fortis. This will help us to increase the amount of funding available, meaning that more organizations will be offered more substantial support. In the following pages, Stéphane Vermeire, General Manager Private Banking and Wealth Management at BNP Paribas Fortis, tells us what motivated the company to join forces with the Venture Philanthropy Fund.