Grantmaking public charity · EIN 04-3396766
New Profit Inc
Boston, MA
New Profit Inc is a public charity that makes grants based in Boston, MA. On its Form 990 (Schedule I) for tax year 2025, it reported $31.2M in grants paid across 59 grants, with $98.8M in total assets. Its largest grants went to Living Cities, Braven Inc and Big Picture Learning.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check New Profit Inc's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
New profit's portfolio investing model provides financial and strategic resources to results-driven organizations. new profit provides a portfolio manager to each organization or cohort of organizations who works closely with the organization's leadership to provide support in a variety of areas, including impact innovation, leadership and governance, organizational strategy, performance measurement, and management as indicated in part iii of the form 990. a portfolio manager also holds a seat on the organization's board of directors throughout the term of new profit's build and transform investments in the organization.
Grants as reported on its Form 990 for tax year 2025; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
New profit is a venture philanthropy organization that catalyzes the impact of social entrepreneurs who are expanding access and opportunity in america. we provide capital, capacity, and community to a portfolio of organizations to increase their impact, scale, and sustainability. and we partner with social entrepreneurs, philanthropists, and cross-sector leaders to shift how the philanthropic sector pursues social change and ensures that everyone in america can thrive. since 1998, new profit has invested over $350m in 275+ high-impact organizations serving more than 35 million people in all 5
As stated on its Form 990.
Largest grants, tax year 2025
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Living Cities | Washington, DC | Program Expansion | $5,000,000 |
| Braven Inc | Chicago, IL | Program Expansion | $1,666,665 |
| Big Picture Learning | Providence, RI | Program Expansion | $1,000,000 |
| Girl Trek Incorporated | Washington, DC | Program Expansion | $1,000,000 |
| The Health Initiative | Concord, MA | Program Expansion | $1,000,000 |
| America on Tech Inc | New York, NY | Program Expansion | $875,000 |
| City Bureau Nfp | Chicago, IL | Program Expansion | $875,000 |
| Democracy at Work Institute | San Diego, CA | Program Expansion | $875,000 |
| Digital Promise Global | Washington, DC | Program Expansion | $875,000 |
| Fair Count Inc | Atlanta, GA | Program Expansion | $875,000 |
| Generation Hope | Washington, DC | Program Expansion | $875,000 |
| Georgia Resilience and Opportunity Fund | Atlanta, GA | Program Expansion | $875,000 |
| Inclusive Action for the City | Los Angeles, CA | Program Expansion | $875,000 |
| Liberation Ventures | Wilmington, DE | Program Expansion | $875,000 |
| Marcy Lab Inc | Brooklyn, NY | Program Expansion | $875,000 |
| The Oakland Reach | Oakland, CA | Program Expansion | $875,000 |
| The Workers Lab | Oakland, CA | Program Expansion | $875,000 |
| Village of Wisdom | Durham, NC | Program Expansion | $875,000 |
| Transcend Inc | Bronx, NY | Program Expansion | $750,000 |
| Onegoal | Chicago, IL | Program Expansion | $625,000 |
| Equis Institute | San Francisco, CA | Program Expansion | $375,000 |
| Equity and Transformation | Chicago, IL | Program Expansion | $375,000 |
| Future Caucus | Washington, DC | Program Expansion | $375,000 |
| Generation Citizen | New York, NY | Program Expansion | $375,000 |
| Interfaith America | Chicago, IL | Program Expansion | $375,000 |
The 25 largest of 59 grants listed on the return. Names and purposes as reported to the IRS.
Where its grants went
- District of Columbia$8.5M · 6 grants
- California$4.85M · 10 grants
- Illinois$4.79M · 8 grants
- New York$3.63M · 7 grants
- Georgia$2.11M · 4 grants
- Massachusetts$1.6M · 4 grants
- Rhode Island$1M · 1 grant
- Pennsylvania$1M · 3 grants
- North Carolina$985K · 2 grants
- Delaware$875K · 1 grant
- Minnesota$360K · 2 grants
- Texas$360K · 2 grants
Quick answers
Does New Profit Inc accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check New Profit Inc's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does New Profit Inc give each year?
For tax year 2025, it reported $31,176,665 in grants paid (59 grants). Giving can change from year to year.
What organizations has New Profit Inc funded?
Its largest grants in tax year 2025 went to Living Cities (DC), $5M, Braven Inc (IL), $1.67M, Big Picture Learning (RI), $1M, Girl Trek Incorporated (DC), $1M and The Health Initiative (MA), $1M.