It is interesting to note that international organizations caught in the middle due to their work on both sides of the Atlantic choose either the American or European definition of social enterprise rather than a synthesis of the two. For example, taking on a more Euro- pean tone, social enterprise is defined by the Organization for Economic Cooperation and Development (OECD) as “any private activity conducted in the public interest, organized with entrepreneurial strategy, but whose main purpose is not the maximization of profit but the attainment of certain economic and social goals, and which has the capacity for bringing innovative solutions to the problems of social exclusion and unemployment” (OECD, 1998, p. 12). By contrast, a report by the U.S.-based Counterpart International outlining its experi- ence with social enterprise development in the Ukraine (a project funded by the U.S. Agency for International Development 1997–2002), defines social enterprise as “a generic term for a nonprofit business venture or revenue-generating activity founded to create positive social impact while operating with reference to a financial bottom line” (Alter, 2002, p. 5).