From public IRS filings

NEW VENTURE FUND

WASHINGTON, DC · Environment

EIN (Tax ID): 20-5806345Latest Form 990: 2024IRS ruling year: 2007Find their 990 filing →

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.

Financials (IRS Form 990)

Total revenue
$662.4M
Total expenses
$723M
Total assets
$624.9M
Program expense ratio
9474%

Source: IRS Form 990, tax year 2024.

Who funds NEW VENTURE FUND

$1.4B in foundation grants on record from 389 funders — from IRS 990 grant line items.

Leadership

LEE BODNER — PRESIDENT (Principal officer)

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