"The exit strategy out of homelessness is a job."

The Lord's Place in West Palm Beach already has received a $250,000 anchor donation for its "Social Enterprise Employment Development" or "SEED" fund that it aims to grow to $1 million.

Most South Floridians have heard about venture capital, but how about venture philanthropy?

A nonprofit based in West Palm Beach is starting a venture-philanthropy fund to help pay for job training and employment programs for the homeless.

Read more at the South Florida Sun-Sentinel.