The capital to fund Venture Philanthropy Partners comes from four sources: founding investors, institutional investors, co-investors, and an operations funder. Founding investors are individuals who helped create VPP, provided strategic guidance, and committed in excess of $30 million to capitalize VPP's first fund, the Children's Learning Fund for the National Capital Region. Institutional investors, as the name implies, are philanthropic organizations that contribute capital to VPP to advance its mission and help fund VPP investments. Co-investors join with us in formal or informal partnerships to provide capital and often non-financial support to community-based organizations we select for investment. And the Morino Institute, VPP's operations funder, provided capital to cover the formation and building of the organization and all the operational costs from its inception through Q1 2003.