New Profit
BOSTON, MA · Community Improvement
Built from IRS filings (latest Form 990: tax year 2024). New Profit has not reviewed or approved this page. Kindora is not affiliated with it.
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 50 STATES.
Financials (IRS Form 990)
Source: IRS Form 990, tax year 2024.
Who funds New Profit
$97.8M in foundation grants on record from 56 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Gs Donor Advised Philanthropy Fund for Wealth Management | $20M | 2 |
| Bill & Melinda Gates Foundation | $16.3M | 12 |
| Fidelity Investments Charitable Gift Fund | $13.7M | 4 |
| San Francisco Foundation | $11M | 2 |
| Boston Foundation | $7.6M | 5 |
| Jpmorgan Chase Foundation | $3.9M | 3 |
| Donor Advised Charitable Giving | $3M | 4 |
| Carnegie Corporation of New York | $2.6M | 4 |
| Edgerley Family Foundation | $2.3M | 3 |
| Allstate Foundation | $2M | 4 |
Leadership
DOUG BORCHARD — MANAGING PARTNER, COO (Principal officer)
Names of officers and trustees come from the organization's public filings and leave this page when a later filing drops them. If you are named here and object, write to privacy@kindora.co.