New Profit Inc.

New Profit Inc. is a non-profit organization that aims to break down barriers to opportunity in America by investing in social entrepreneurs and innovative organizations, such as Year Up, iMentor, and Single Stop USA. New Profit Inc. works closely with foundations, corporations, and individual donors, including Bill Gates, Warren Buffett, and Michael Bloomberg, to support its mission. The organization has also partnered with Harvard Business School, Stanford Graduate School of Business, and Massachusetts Institute of Technology to provide resources and expertise to its portfolio organizations. New Profit Inc. has been recognized for its innovative approach to philanthropy by Forbes, Fortune, and The New York Times.

Overview of New Profit Inc.

New Profit Inc. is a venture philanthropy organization that provides funding and strategic support to social entrepreneurs and non-profit organizations working to address some of America's most pressing social problems, such as poverty, inequality, and lack of access to education. The organization's approach is modeled after venture capital firms, such as Kleiner Perkins and Sequoia Capital, which provide funding and guidance to startups and early-stage companies. New Profit Inc. has invested in organizations such as DonorsChoose, Teach For America, and KIPP Foundation, which are working to improve education outcomes for low-income students. The organization has also partnered with Google.org, Facebook, and Microsoft to support its portfolio organizations and amplify their impact.

History of New Profit Inc.

New Profit Inc. was founded in 1998 by Vincent Mai and Jeff Walker, who were inspired by the venture capital model and its potential to drive social change. The organization's early investments included College Summit, The Posse Foundation, and Jumpstart, which were working to improve education outcomes and provide opportunities for low-income students. New Profit Inc. has since expanded its portfolio to include organizations working on a range of issues, including healthcare, environmental conservation, and economic development. The organization has received funding from foundations such as Bill and Melinda Gates Foundation, Ford Foundation, and Rockefeller Foundation, as well as from corporations like Goldman Sachs, JPMorgan Chase, and Citigroup.

Mission and Objectives

The mission of New Profit Inc. is to break down barriers to opportunity in America by investing in social entrepreneurs and innovative organizations. The organization's objectives include improving education outcomes, increasing access to healthcare, and promoting economic development in low-income communities. New Profit Inc. works to achieve these objectives by providing funding, strategic support, and networking opportunities to its portfolio organizations, which include City Year, Public Allies, and The Nature Conservancy. The organization has also partnered with government agencies, such as the U.S. Department of Education and the U.S. Department of Health and Human Services, to support its mission and amplify its impact.

Investment Strategy and Portfolio

New Profit Inc.'s investment strategy is focused on supporting social entrepreneurs and innovative organizations that have the potential to drive social change at scale. The organization's portfolio includes a range of organizations, from startups like Coursera and Udacity to established organizations like Habitat for Humanity and American Red Cross. New Profit Inc. provides funding and strategic support to its portfolio organizations, which are working to address some of America's most pressing social problems, including poverty, inequality, and lack of access to education. The organization has also invested in organizations working on global health issues, such as Gavi, the Vaccine Alliance and The Global Fund to Fight AIDS, Tuberculosis and Malaria.

Leadership and Governance

New Profit Inc. is led by a team of experienced social entrepreneurs and non-profit leaders, including Kim Syman, who serves as the organization's Managing Director. The organization's Board of Directors includes Vincent Mai, Jeff Walker, and other prominent philanthropists and business leaders, such as Oprah Winfrey, Richard Branson, and Michael Dell. New Profit Inc. is also guided by a Advisory Board that includes experts from Harvard University, Stanford University, and Massachusetts Institute of Technology, as well as from organizations like World Bank and United Nations.

Impact and Achievements

New Profit Inc. has achieved significant impact and recognition for its innovative approach to philanthropy. The organization's portfolio organizations have improved education outcomes for millions of students, increased access to healthcare for thousands of people, and promoted economic development in low-income communities. New Profit Inc. has been recognized as one of the most innovative non-profit organizations in America by Forbes, Fortune, and The New York Times. The organization has also received awards from organizations like Ashoka, Skoll Foundation, and Social Venture Partners, which recognize its contributions to social entrepreneurship and philanthropy. Category:Non-profit organizations