New Profit is a venture philanthropy organization provides social entrepreneurs with unrestricted capital and strategic advice to help them strengthen their organizations, scale their impact, and take aim at changing the larger systems within which they operated.
Venture philanthropy is the nonprofit sector’s version of venture capital, in which unrestricted grants, strategic support, and other resources are mobilized over multiple years to catalyze visionary social entrepreneurs, organizations, and initiatives that can break through and impact the lives of millions of people. The New Profit portfolio includes funding and supporting organizations employing a variety of models and approaches – from direct service programs to movement-building efforts – to drive transformative change.
New Profit has defined several strategic areas of focus that guide their investments. Their offering to portfolio organizations includes a multi-year, unrestricted grant coupled with world-class strategic support delivered by New Profit Deal Partners, who serve as close advisors to social entrepreneurs and board members at their organizations. Each year, Deloitte also collaborates with New Profit Deal Partners in providing pro bono strategic consulting to a set of our portfolio organizations.
In 2019, New Profit supported a total of 65 social entrepreneur-led organizations with our pioneering venture philanthropy model.
Source: New ProfitMore information: https://www.newprofit.org/