196:
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.
24:
157:. After starting and growing two nonprofits—Public Allies and the Women's Information Network—Kirsch took a year to travel the world, interviewing social entrepreneurs and citizens across 22 countries. Through this experience, she came to understand that the nonprofit sector lacks sufficient access to second-stage
227:
New Profit tracks the progress of organizations it funds against five major focus areas—impact and innovation, growth, leadership and governance, organizational strategy, and metrics. To measure this progress, New Profit has developed a Growth
Diagnostic Tool that it uses to assess the development of
195:
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
199:
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
191:
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
231:
Within the portfolio of nonprofit organizations it supports, New Profit targets a 30 percent compound annual growth rate for revenue and a 40 percent compound annual growth rate for clients served. In 2009, New Profit reported that its portfolio of supported organizations achieved a 35 percent
164:
In 1996, she began laying the groundwork for a venture philanthropy fund that would provide social entrepreneurs and their organizations with funding and valuable strategic consulting services. After over a year of research and development with a team of social entrepreneurs, academics, and
213:
Federal Policy: Through an initiative called
America Forward, a nonpartisan coalition of nearly 50 nonprofit organizations, New Profit seeks to advance a policy agenda and create an infrastructure for social entrepreneurs and government to act together to grow of effective nonprofit
161:, locking social entrepreneurs and their funders into a start-up phase mentality. She determined that in order for social entrepreneurs to have the greatest possible impact, they needed access to financial resources that could allow them to sustain and grow their program models.
217:
Events: Through its annual event, the
Gathering of Leaders, New Profit brings together leaders from the public, private, philanthropic, and nonprofit sectors to develop new ideas, relationships, and resources and help build stronger nonprofit
208:
In 2004, as it began to see program results from its first group of supported nonprofits, New Profit created the Action Tank in an effort to work beyond the organizations it directly funds. The Action Tank has initiatives in three focus areas:
176:
New Profit's mission is to help innovative social entrepreneurs and their organizations dramatically improve opportunities for children, families, and communities. New Profit works to fulfill this mission through two related approaches:
165:
philanthropists, Kirsch and a partner founded New Profit in 1998. With support from
Monitor Group and under Kirsch's continued leadership, New Profit has worked with 34 nonprofit organizations to date.
183:
2. Developing field-wide initiatives through the Action Tank that seek to help all social entrepreneurs and their organizations impact the social problems they seek to solve.
482:
775:
681:
785:
677:
780:
509:
555:
652:
440:
200:
college enrollment and persistence, and better prepare youth to enter the workforce in select geographies across the U.S.
361:
295:
301:
685:
441:"Investing in Social Entrepreneurs: New Profit takes a very hands-on approach to building innovative organizations,"
264:
284:
180:
1. Directly supporting a group of social entrepreneur-led nonprofits with multi-year grants and strategic support.
387:
341:
269:
23:
259:
372:
232:
compound annual growth rate for revenue and a 40 percent compound annual growth rate for clients served.
382:
336:
397:
513:
168:
New Profit was based in
Cambridge, MA from its founding in 1998 until a move to Boston in April 2013.
392:
326:
321:
134:
290:
580:
559:
656:
461:
407:
316:
311:
626:
412:
377:
241:
130:
279:
249:
678:"Press Release: Inaugural Social Innovation Fund Grants Awarded to Experienced Innovators"
417:
367:
228:
each nonprofit it funds and to then focus additional support where it is most necessary.
631:
487:
349:
254:
158:
154:
50:
462:"Lessons in no-apology giving; emphasis is now on results for new age philanthropists"
769:
605:
534:
402:
331:
142:
75:
749:
726:
274:
306:
192:
resources to help the organization develop and grow into a sustainable program.
138:
71:
706:
584:
653:"New Profit Selected as Social Innovation Fund Intermediary"
118:
483:"The Money Issue – Philanthropy – Wealth and Affluence"
153:
New Profit was founded in 1998 by social entrepreneur
100:
114:
104:
84:
64:
56:
46:
38:
30:
435:
433:
535:"Social Justice-Alan Khazei and Vaness Kirsch,"
682:Corporation for National and Community Service
512:. U.S. News & World Report. Archived from
464:. Investment News (February, 2001). 2001-02-28
42:Vanessa Kirsch, Founder and Managing Director
8:
744:
742:
581:"New Profit Inc., Vanessa Kirsch Biography,"
16:
727:"New Profit, Bringing Innovators Together,"
556:"Monitor Talent, Vanessa Kirsch Biography,"
510:"David Gergen on the new engines of reform"
15:
776:Non-profit organizations based in Boston
429:
7:
786:1998 establishments in Massachusetts
750:"New Profit, Portfolio Management,"
625:Brooks, David (November 28, 2008).
537:. Fast Company (November 30, 2008)
362:Building Educated Leaders for Life
296:Management Leadership for Tomorrow
14:
781:Organizations established in 1998
22:
684:. July 22, 2010. Archived from
302:National College Advising Corps
187:Direct support to organizations
265:Family Independence Initiative
1:
92:Founder and Managing Director
606:"New Profit Inc., Our Story"
443:. Wealth Manager (May, 2009)
388:Jumpstart for Young Children
802:
285:Knowledge Is Power Program
21:
627:"Stimulus for Skeptics"
342:Turnaround for Children
204:Action Tank initiatives
337:The Mission Continues
270:First Place for Youth
322:Peer Health Exchange
135:venture philanthropy
60:Venture Philanthropy
373:Computers for Youth
236:Current investments
18:
707:"America Forward,"
408:Stand for Children
383:Girls for a Change
312:New Teacher Center
516:on March 14, 2008
413:Teach For America
398:Rare Conservation
378:Freelancers Union
242:Achievement First
172:Mission and model
133:organization and
131:social innovation
124:
123:
97:Managing Director
793:
760:
759:
757:
756:
746:
737:
736:
734:
733:
723:
717:
716:
714:
713:
703:
697:
696:
694:
693:
688:on July 25, 2010
674:
668:
667:
665:
664:
655:. Archived from
649:
643:
642:
640:
639:
622:
616:
615:
613:
612:
602:
596:
595:
593:
592:
583:. Archived from
577:
571:
570:
568:
567:
558:. Archived from
552:
546:
545:
543:
542:
531:
525:
524:
522:
521:
506:
500:
499:
497:
496:
479:
473:
472:
470:
469:
458:
452:
451:
449:
448:
437:
356:Past investments
250:College Possible
90:Vanessa Kirsch,
26:
19:
801:
800:
796:
795:
794:
792:
791:
790:
766:
765:
764:
763:
754:
752:
748:
747:
740:
731:
729:
725:
724:
720:
711:
709:
705:
704:
700:
691:
689:
676:
675:
671:
662:
660:
651:
650:
646:
637:
635:
624:
623:
619:
610:
608:
604:
603:
599:
590:
588:
579:
578:
574:
565:
563:
554:
553:
549:
540:
538:
533:
532:
528:
519:
517:
508:
507:
503:
494:
492:
491:. March 9, 2008
481:
480:
476:
467:
465:
460:
459:
455:
446:
444:
439:
438:
431:
426:
418:Upwardly Global
393:Kids Voting USA
368:Citizen Schools
358:
327:Single Stop USA
238:
225:
206:
189:
174:
151:
129:is a nonprofit
107:
99:
95:Doug Borchard,
94:
87:
80:
12:
11:
5:
799:
797:
789:
788:
783:
778:
768:
767:
762:
761:
738:
718:
698:
669:
644:
632:New York Times
617:
597:
572:
547:
526:
501:
488:New York Times
474:
453:
428:
427:
425:
422:
421:
420:
415:
410:
405:
400:
395:
390:
385:
380:
375:
370:
365:
357:
354:
353:
352:
350:YouthBuild USA
347:
344:
339:
334:
329:
324:
319:
314:
309:
304:
299:
293:
288:
282:
277:
272:
267:
262:
257:
255:College Summit
252:
247:
244:
237:
234:
224:
221:
220:
219:
218:organizations.
215:
214:organizations.
205:
202:
188:
185:
173:
170:
159:growth capital
155:Vanessa Kirsch
150:
147:
137:fund based in
122:
121:
116:
112:
111:
108:
105:
102:
101:
88:
85:
82:
81:
79:
78:
68:
66:
62:
61:
58:
54:
53:
51:Public charity
48:
44:
43:
40:
36:
35:
32:
28:
27:
13:
10:
9:
6:
4:
3:
2:
798:
787:
784:
782:
779:
777:
774:
773:
771:
751:
745:
743:
739:
728:
722:
719:
708:
702:
699:
687:
683:
679:
673:
670:
659:on 2014-07-28
658:
654:
648:
645:
634:
633:
628:
621:
618:
607:
601:
598:
587:on 2012-07-17
586:
582:
576:
573:
562:on 2010-09-23
561:
557:
551:
548:
536:
530:
527:
515:
511:
505:
502:
490:
489:
484:
478:
475:
463:
457:
454:
442:
436:
434:
430:
423:
419:
416:
414:
411:
409:
406:
404:
403:Right To Play
401:
399:
396:
394:
391:
389:
386:
384:
381:
379:
376:
374:
371:
369:
366:
363:
360:
359:
355:
351:
348:
345:
343:
340:
338:
335:
333:
332:Teach For All
330:
328:
325:
323:
320:
318:
315:
313:
310:
308:
305:
303:
300:
297:
294:
292:
289:
286:
283:
281:
278:
276:
273:
271:
268:
266:
263:
261:
258:
256:
253:
251:
248:
245:
243:
240:
239:
235:
233:
229:
222:
216:
212:
211:
210:
203:
201:
197:
193:
186:
184:
181:
178:
171:
169:
166:
162:
160:
156:
148:
146:
144:
143:Massachusetts
140:
136:
132:
128:
120:
119:newprofit.org
117:
113:
109:
103:
98:
93:
89:
83:
77:
73:
70:
69:
67:
63:
59:
55:
52:
49:
45:
41:
37:
33:
29:
25:
20:
753:. Retrieved
730:. Retrieved
721:
710:. Retrieved
701:
690:. Retrieved
686:the original
672:
661:. Retrieved
657:the original
647:
636:. Retrieved
630:
620:
609:. Retrieved
600:
589:. Retrieved
585:the original
575:
564:. Retrieved
560:the original
550:
539:. Retrieved
529:
518:. Retrieved
514:the original
504:
493:. Retrieved
486:
477:
466:. Retrieved
456:
445:. Retrieved
275:Health Leads
230:
226:
207:
198:
194:
190:
182:
179:
175:
167:
163:
152:
126:
125:
96:
91:
317:Peace First
307:New Leaders
106:Employees
770:Categories
755:2010-07-27
732:2010-07-27
712:2010-07-27
692:2010-07-22
663:2010-07-27
638:2009-04-22
611:2010-07-27
591:2010-07-27
566:2010-07-27
541:2010-07-27
520:2008-03-29
495:2008-03-29
468:2008-03-29
447:2008-03-29
424:References
260:Eye to Eye
127:New Profit
86:Key people
17:New Profit
65:Location
346:Year Up
280:iMentor
149:History
115:Website
39:Founder
31:Founded
364:(BELL)
287:(KIPP)
246:BUILD
223:Impact
139:Boston
72:Boston
298:(MLT)
57:Focus
291:LIFT
47:Type
34:1998
110:50+
772::
741:^
680:.
629:.
485:.
432:^
145:.
141:,
76:MA
74:,
758:.
735:.
715:.
695:.
666:.
641:.
614:.
594:.
569:.
544:.
523:.
498:.
471:.
450:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
