From public IRS filings
NEW IMPACT FUND
MINNEAPOLIS, MN · Philanthropy & Voluntarism
Mission
TO CONNECT BIPOC ENTREPRENEURS IN TWIN CITIES NEIGHBORHOODS WITH THE FINANCIAL AND SOCIAL CAPITAL THEY NEED TO GROW AND SUSTAIN THEIR BUSINESSES BY ACTIVATING UNTAPPED INDIVIDUAL WEALTH, ULTIMATELY WORKING TO ELIMINATE THE RACIAL WEALTH GAP IN OUR LOCAL ECOSYSTEM.
Financials (IRS Form 990)
Total revenue
$784K
Total expenses
$1M
Total assets
$1.1M
Program expense ratio
87%
Source: IRS Form 990, tax year 2024.
Who funds NEW IMPACT FUND
$1.8M in foundation grants on record from 19 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Minneapolis Foundation | $415K | 4 |
| Donor Advised Charitable Giving | $367K | 3 |
| Mcknight Foundation | $325K | 3 |
| Catholic Community Foundation of Minnesota | $120K | 2 |
| Bentson Foundation | $100K | 1 |
| Fidelity Investments Charitable Gift Fund | $97K | 2 |
| Rooted Philanthropic | $75K | 1 |
| Otto Bremer Trust | $50K | 1 |
| Target Foundation | $50K | 2 |
| Pritschet Foundation | $38K | 1 |
Leadership
ALICIA R PHILLIPS — EXECUTIVE DIRECTOR (Principal officer)
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