When the European Venture Philanthropy Association (EVPA) was set up in 2004, venture philanthropy seemed like a vogue -- a novelty embraced by the financial industry, whose precepts it drew on, but that the rest of European philanthropy viewed equivocally. It has proven more resilient -- and more popular -- than its critics anticipated. There are venture philanthropy associations in Europe, in Asia and there will shortly be one in Africa. This durability is partly a result of its ability to create as well as to satisfy an appetite, and to its adaptability. Alliance issue: Philanthropy's Diversity Challenge; September 2017, Volume 22, Number 6.