Logo for "NEW PROFIT INC"

NEW PROFIT INC

NEW PROFIT INC

BOSTON, MA, US
501(c)(3)
EIN
04-3396766
Logo for "NEW PROFIT INC"

NEW PROFIT INC

BOSTON, MA, US
501(c)(3)
EIN
04-3396766

Overview

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Est.

1997

Fiscal Year Start

Jan 1

Organization Type

funder logo
Grantmaker
AI Summary
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NEW PROFIT INC is a 501(c)(3) grantmaking organization that focuses its funding primarily in California, Illinois, and New York, having awarded a total of $16.8 million to 316 grantees in 2024. This funder operates on a relationship-based, invitation-only model and does not accept unsolicited proposals. Nonprofits interested in engaging with NEW PROFIT INC can explore warm-introduction pathways through Impala's Funder Prospecting.

Mission Statement

NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT BACKS SOCIAL ENTREPRENEURS WHO ARE ADVANCING EQUITY AND OPPORTUNITY IN AMERICA. NEW PROFIT EXISTS TO BUILD A BRIDGE BETWEEN THESE LEADERS AND A COMMUNITY OF PHILANTHROPISTS WHO ARE COMMITTED TO CATALYZING THEIR IMPACT. NEW PROFIT PROVIDES UNRESTRICTED GRANTS AND STRATEGIC SUPPORT TO A PORTFOLIO OF ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. IT ALSO PARTNERS WITH SOCIAL ENTREPRENEURS AND OTHER CROSS-SECTOR LEADERS TO SHIFT HOW GOVERNMENT AND PHILANTHROPY PURSUE SOCIAL CHANGE TO ENSURE THAT ALL PEOPLE CAN THRIVE. SINCE ITS FOUNDING IN 1998, NEW PROFIT HAS INVESTED OVER $350M IN 200+ ORGANIZATIONS AND, THROUGH THE AMERICA FORWARD COALITION'S COLLECTIVE ADVOCACY EFFORTS, HAS UNLOCKED OVER $1.9B IN GOVERNMENT FUNDING FOR SOCIAL INNOVATION.
Total Funding Given

$16.8M

2024
Grantees funded
316
Multi-year grantees
51%
Funding by Year
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Total No. of Grants

83

Median 1st year grant
$100K
Median 2nd year grant
$189.2K
Top 3 Grants
Matched grants only
Grantee
Grant Size
T
Tulaine Montgomery
Board Member
V
Vanessa Kirsch
Board Member
E
Eliza Greenberg
Board Member

Frequently Asked Questions

Can I submit an unsolicited grant proposal to NEW PROFIT INC?
No. NEW PROFIT INC does not accept unsolicited proposals. Funding is by invitation only.
Where does NEW PROFIT INC give?
NEW PROFIT INC primarily gives to organizations located in California, Illinois, and New York. These states represent the largest share of the foundation’s grantmaking by dollars awarded. Additional geographic details are available to registered users.
What size are NEW PROFIT INC’s grants?
The largest share of grants from NEW PROFIT INC fall in the $250 thousand to $500 thousand range. The median first-year grant is about $100 thousand. More detailed grant size data is available to registered users.
How many grants does NEW PROFIT INC make each year?
In 2024, NEW PROFIT INC awarded about 80 grants, totaling nearly $16.8 million. More detailed grant metrics are available to registered users.
Who did NEW PROFIT INC fund recently?
In 2024, NEW PROFIT INC awarded grants to about 320 grantees. Recent grantees include YEAR UP INC, COLLEGE SUMMIT INC, and BRAVEN INC. More detailed information on all recent recipients is available to registered users.
How do we apply to NEW PROFIT INC?
NEW PROFIT INC does not accept unsolicited proposals. Funding is by invitation only.
Overview
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