New Profit Inc. - Direct Support To Organizations

Direct Support To Organizations

New Profit provides grants to organizations that address issues in education, workforce development, public health, or poverty alleviation through its portfolio. Once a nonprofit organization has received funding, New Profit focuses on support efforts that help integrate financial and strategic resources to help the organization develop and grow into a sustainable program.

A staff member at New Profit works with each organization that New Profit funds as a portfolio manager. This person takes a board seat and acts as a day-to-day advisor to the organization, building a partnership with the social entrepreneur and creating a plan for future projects that are tailored to the organization's needs. The strategic support each nonprofit receives assumes a variety of forms, from refining the organizations’ social change model and helping find talent, to developing and coaching the board. In addition, New Profit also offers strategic growth planning and executive coaching for the social entrepreneur, and connects each nonprofit with pro-bono consulting services from Monitor Group.

With funding awarded in July 2010 through the federal Social Innovation Fund, New Profit developed the Pathways Fund, through which it makes grants to organizations that focus on helping disconnected youth ages 18 to 24. The Pathways Fund will seek to improve high school completion rates, increase college enrollment and persistence, and better prepare youth to enter the workforce in select geographies across the U.S.

Read more about this topic:  New Profit Inc.

Famous quotes containing the words direct and/or support:

    O wretched fool,
    That lov’st to make thine honesty a vice!
    O monstrous world! Take note, take note, O world,
    To be direct and honest is not safe.
    William Shakespeare (1564–1616)

    ... married women work and neglect their children because the duties of the homemaker become so depreciated that women feel compelled to take a job in order to hold the respect of the community. It is one thing if women work, as many of them must, to help support the family. It is quite another thing—it is destructive of woman’s freedom—if society forces her out of the home and into the labor market in order that she may respect herself and gain the respect of others.
    Agnes E. Meyer (1887–1970)