1. Industry  What Philanthropic Equity Means for Nonprofits  A
Revolution in Nonprofit Financing?   Nell Edgington of Social
Velocity  Nell Edgington of Social Velocity  There is a fairly
new concept in the nonprofit world that has the power to
completely transform the sector. "Philanthropic equity" (or
"growth capital") is just a fancy term for the money many
nonprofit organizations desperately need.      • Revenue is the
day-to-day money required to run programs. For a homeless
shelter, revenue buys meals, beds, sheets, job training
programs, staff time.   • Capital is the one-time infusion of
money that builds or grows an organization. Again for a homeless
shelter, capital could purchase a better system for gathering
data on clients, a donor database, a Development Director.  This
distinction between revenue and capital is one that the
Nonprofit Finance Fund first suggested the nonprofit sector
recognize.  A report from the Nonprofit Finance Fund (NFF)
demonstrated that nonprofits that raise growth capital