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.
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