Julep’s Nonprofit Glossary

-V-

Vehicle: The form in which a fundraising program is organized and executed; for example, annual giving, capital campaign, or direct mail.

Venture Philanthropy: Application of the concepts and techniques of venture capital finance and business planning, goals such as high-engagement or focus on innovative programs, by a traditional foundation or group of individuals with pooled resources to philanthropy.

Voluntary Association: A group of people who have formed an organization to pursue voluntary participation.

Voluntary Groups: More than one person working together to make some meaningful degree of voluntary participation.

Voluntary Sector: When referring to the nonprofit sector, emphasizes the significant input that volunteers make to the management and operation of this sector.

Volunteer: One who offers himself for a service of his own free will.

Volunteerism:

1. The act of performing a service or good work for others without pay. It can be done anywhere by people of all ages

2. The willingness of private citizens to serve voluntarily a great variety of programs and causes, both in fundraising programs and in other capacities.