個案總覽

Value is often viewed in either economic or social terms. The Blended Value Proposition asserts that true value is nondivisible, consisting of a blend of economic, social, and environmental components. This perspective requires us to re-examine our understanding of the nature of capital, the methodology for calculating rates of real return to investors, and the role of for-profit and nonprofit organizations in the value creation process.

Roberts Enterprise Development Fund (REDF) transformed its philanthropic practice into a social venture capital practice in 1997 with a portfolio of nonprofit enterprises in the San Francisco Bay Area. This case presents REDF's analysis of the changing needs of the nonprofit marketplace.