Grantmaking public charity · EIN 20-5806345
New Venture Fund
Washington, DC
New Venture Fund is a public charity that makes grants based in Washington, DC. On its Form 990 (Schedule I) for tax year 2024, it reported $400M in grants paid across 6,178 grants, with $625M in total assets. Its largest grants went to Sixteen Thirty Fund, Clean Slate Initiative Inc and Climate and Clean Energy Equity Fund.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check New Venture Fund's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
For most grants, nvf requires that organizations receiving funds submit a proposal and provide post-grant reports. for non-501(c)(3) organizations, nvf generally requires a written proposal describing how the grant funds will be used. the organization conducts a pre-grant inquiry to evaluate the grantee. grants are subject to written grant agreements that impose reporting obligations, require funds be used solely as specified in the proposal, and require that funds be returned if not spent appropriately or if reports aren't filed as required. all grants must be used exclusively for charitable purposes and may not be used for political activity, such as contributing to a political candidate or coordinating with a candidate's campaign. nvf disbursed two grants in 2024 to ballot measure committees for nonpartisan 501(c)(3)-permissible education support in accordance with irs regulations and the organization's procedures for issuing and monitoring the use of grant funds. these grants were not used for political activities or coordination with a candidate's campaign, and are included in schedule c, part ii-b.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
New venture fund, a 501(c)(3) nonprofit organization, aims to help build a just, equitable, and sustainable future by getting the right types of philanthropic capital into the hands of people with the right ideas, at the right times, in the right places to accomplish needed change. to allow nonprofit leaders to focus on the work at hand, we offer fiscal sponsorship support, which means we provide tools and administrative support, including human resources, legal, accounting, and compliance services, enabling initiatives to get off the ground quickly and operate more efficiently.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Sixteen Thirty Fund | Washington, DC | Civil Rights, Social Action, Advocacy | $58,932,923 |
| Clean Slate Initiative Inc | Orlando, FL | Civil Rights, Social Action, Advocacy | $19,910,098 |
| Climate and Clean Energy Equity Fund | Washington, DC | Environmental Programs | $17,996,330 |
| Cambiar Education | Encino, CA | Youth Development and Education | $12,229,335 |
| America Votes | Washington, DC | Civil Rights, Social Action, Advocacy | $11,018,005 |
| Floridians Protecting Freedom | Miami, FL | Ballot Measure - Civil Rights, Social Action, Advocacy | $9,489,777 |
| Fines and Fees Justice Center Inc | New York, NY | Civil Rights, Social Action, Advocacy | $8,889,158 |
| North Fund | Washington, DC | Civil Rights, Social Action, Advocacy | $8,055,000 |
| Manresa Island Corp | Norwalk, CT | Environmental Programs | $7,718,955 |
| Illuminative Inc | Las Vegas, NV | Arts, Culture, and Humanities | $5,484,872 |
| United Nations Foundation Inc | Washington, DC | Conservation and Climate | $5,285,000 |
| New York University | New York, NY | Conservation and Climate | $5,000,000 |
| Hopewell Fund | Washington, DC | Civil Rights, Social Action, Advocacy | $4,441,891 |
| Global Impact | Washington, DC | Civil Rights, Social Action, Advocacy | $4,111,706 |
| National Science Foundation | Alexandria, VA | Technology and Innovation | $4,000,000 |
| Advanced Energy Economy Institute | Washington, DC | Conservation and Climate | $3,500,000 |
| Amalgamated Charitable Foundation | Washington, DC | Civil Rights, Social Action, Advocacy | $2,833,428 |
| Project Vesta Pbc | San Francisco, CA | Environmental Programs | $2,625,000 |
| Center for Civic Research and Innovation | St Louis, MO | Employment | $2,395,000 |
| Sher Edling Llp | San Francisco, CA | Environmental Programs | $2,330,000 |
| Economic Innovation Group | Washington, DC | Employment | $2,098,440 |
| Sustainable Markets Foundation | New York, NY | Conservation and Climate | $2,050,000 |
| Institute for Responsive Government | Chicago, IL | Civil Rights, Social Action, Advocacy | $2,000,000 |
| Rockefeller Philanthropy Advisors | New York, NY | Conservation and Climate | $1,870,000 |
| University of California San Francisco | San Francisco, CA | Health | $1,815,000 |
The 25 largest of 6,178 grants listed on the return. 5,324 grants to individuals ($39.4M) are counted but not named. Names and purposes as reported to the IRS.
Where its grants went
- District of Columbia$147M · 121 grants
- New York$42.3M · 118 grants
- California$41.3M · 110 grants
- Florida$31.3M · 17 grants
- Connecticut$7.91M · 3 grants
- Virginia$7.11M · 21 grants
- Illinois$6.68M · 26 grants
- Massachusetts$6.47M · 34 grants
- Nevada$5.93M · 7 grants
- North Carolina$5.52M · 25 grants
- Pennsylvania$4.43M · 37 grants
- Georgia$3.76M · 31 grants
Quick answers
Does New Venture Fund accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check New Venture Fund'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 Venture Fund give each year?
For tax year 2024, it reported $399,634,631 in grants paid (6,178 grants). Giving can change from year to year.
What organizations has New Venture Fund funded?
Its largest grants in tax year 2024 went to Sixteen Thirty Fund (DC), $58.9M, Clean Slate Initiative Inc (FL), $19.9M, Climate and Clean Energy Equity Fund (DC), $18M, Cambiar Education (CA), $12.2M and America Votes (DC), $11M.