Asan Nanum Foundation Publishes 'Partnership On' Experience Report

Nonprofit Accelerating Program Planning, Operation Results, and Evaluation Included

[Asia Economy Reporter Kim Cheol-hyun] Asan Nanum Foundation (Chairman Han Jung-hwa) announced on the 27th that it has published an experience report on the nonprofit accelerating program 'Partnership On,' which uses a venture donation method.

This experience report contains all records of the Partnership On program operated by Asan Nanum Foundation, which introduced the venture donation method to support nonprofit organizations. Partnership On was a program started by the foundation in 2015 and ended in December 2019, selecting nonprofit organizations related to youth, designating them as 'Innovation Leaders,' and providing both financial and non-financial support through the venture donation method.

The Partnership On experience report documents everything from program design, the selection process of supported nonprofit organizations, accelerating methods, investment results, to cases of changes in nonprofit organizations. Additionally, it includes the foundation secretariat's considerations and experiences regarding issues in financial support for nonprofit organizations and non-financial support elements.

Through the report, the foundation explained that it not only included the concept and background of venture donation, which may be unfamiliar in the nonprofit sector, but also transparently disclosed how it evaluated the capabilities, transparency, and financial stability of the nonprofit organizations supported by Partnership On.

In particular, in-depth interviews were conducted with the heads of the nonprofit organizations selected as support targets, advisory committee members, professional committee members, and operating committee members who selected and advised them. To maintain the objectivity and fairness of the report, external writers participated in the writing process alongside the foundation secretariat.

Jeon Kyung-ho, manager of the Social Innovation Team at Asan Nanum Foundation, who was in charge of publishing the report, said, "Through the experience report prepared since the second half of last year, we aimed to faithfully record the lessons and trial and error encountered in operating Partnership On." He added, "We hope that by sharing the concerns and lessons experienced by Asan Nanum Foundation over five years of running Partnership On with people in the nonprofit sector, the entire ecosystem can develop further."

The Partnership On experience report can be freely downloaded and viewed by anyone from the notice board and resource room on the official website of Asan Nanum Foundation.

This content was produced with the assistance of AI translation services.