There is no consensus on a definition for a social enterprise. However, in general social enterprises are organisations that centre themselves around a social mission and use commerce as tool to maximize sustainability and impact.
While some programs run by Pro Sport Development (PSD) are funded through grants, others are facilitated through professional contracts. Since 2013, PSD has reinvested all its surplus funds into our initiatives to advance our goal of utilizing sport to aid in the holistic development of children and youth.
We feel that limiting ourselves to applying for grants restricts the impact, flexibility and sustainability of our programs, which hinders the fulfilment of our mission. We feel that as a social enterprise we can aid the holistic development of children and youth more effectively and sustainably.
- Have a clear social and/or environmental mission for their organisation to pursue.
- Generate their income through a mix of donations, grants and sale of products/ services.
- Reinvest their profits to further their social and/or environmental mission.
- Be autonomous of any government.
- Be run to maximize the interests of the social mission.
- Be accountable and transparent.