New Profit

What is New Profit?

New Profit is a pioneering venture philanthropy organization that seeks to promote social mobility and address societal challenges across the United States. As a nonprofit, they focus on catalyzing social impact by investing in solutions and supporting a diverse array of social entrepreneurs and nonprofits that are pushing for significant positive changes within communities.

With a firm foundation laid in 1998 and headquartered in Boston, Massachusetts, New Profit's approach combines unrestricted financial capital, strategic capacity-building support, and engagement within a vast community of impact leaders. Their investment is not merely financial; it extends to both the structural and conceptual support that enables organizations to thrive and scale. New Profit's investment focus includes areas such as education, economic mobility, and democracy, with a particular interest in emergent issues such as mental health, justice-impacted communities, and more.

By providing historically underrepresented groups with resources to excel, especially in the tech industry and civic education, and advancing pathways to economic mobility for families through culturally responsive programming, New Profit aims to shape a future that aligns with collective aspirations.

Their portfolio highlights organizations that support student wellbeing, economic mobility, civic trust, and social emotional learning, among others. In pursuit of expanding its impact, New Profit offers various funding and support models, mobilizes a network for ecosystem building, and incorporates storytelling to amplify its mission and impact.

Since its inception, New Profit has invested over $350 million in more than 250 social impact organizations. The firm maintains its commitment to building a multiracial, intergenerational, cross-sector community driven to expand access and opportunity in America.