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.
WHY WE ARE A SOCIAL ENTERPRISE?
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 believe that limiting our funding avenues restricts the impact, flexibility and sustainability of our programs, which hinders the fulfillment of our mission. We feel that as a social enterprise we can aid the holistic development of children and youth more effectively and sustainably.
“S4D is an instrument used to promote peace, social integration and economic development in different geographical, cultural and political contexts”.
- UNESCO
“S4D is the use of sport as a tool for development and peace”.
- International Platform for Sport for Development
The S4D glossary is a repository that encompasses a broad spectrum of terms and concepts central to sports, physical activity, and development. Head to this
page to have a look at the glossary.
PSD operates as a not-for-profit social enterprise, wherein we utilize different avenues for raising resources in order to achieve our social mission. PSD’s income streams include a mix of traditional fundraising methods, such as institutional grants and individual donations, along with revenue generation from provision of professional services, whose surplus is reinvested into our programming.
All of PSD’s income streams are aligned to achieve our vision, including the provision of professional services, which primarily cater to the sport and development sector. Our grant and donation income is used to deliver programmes for young people, whereas most of our service income is generated from professional engagements with facilitators and institutions.
PSD’s social enterprise model enhances our impact, flexibility, and sustainability, enabling us to better fulfill our social mission.
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