Nonprofits Get Help From Tech Innovators to Inspire New Philanthropy

Innovation and technology among nonprofits have long been underfunded with traditional funders often feeling averse to risk and more often seeking to fund specific types of existing programs. Momentum has been building for the past decade for funders pursuing venture philanthropy, said Matt Bannick, managing partner of the Omidyar Network founded by eBay founder Pierre Omidyar.

Seeking out ideas to fund, rather than existing projects, turns traditional notions of philanthropy on its head, Bannick said.