2014-2015 New Profit Annual Report

New Profit’s Impact EvolutionANNUAL REPORT 2014 - 2015

CONTENTS

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26

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WELCOME

A MESSAGE FROM VANESSA KIRSCH & DOUG BORCHARD

UPDATE FROM THE BOARD CHAIR

BOARD OF DIRECTORS

APPROACH

THE NEW PROFIT MODEL

2014-2015 MILESTONES & HIGHLIGHTS

NEW PROFIT INNOVATION FUND

NEW PROFIT ACCELERATOR FUND

FOCUS FUNDS

PATHWAYS FUND

REIMAGINE LEARNING FUND

EARLY LEARNING FUND

REIMAGINE SCHOOL SYSTEMS FUND

LEARN TO EARN FUND

AMERICA FORWARD

PAY FOR SUCCESS

THE 2015 GATHERING OF LEADERS

DEVELOPMENT

REVIEW OF GIVING

INVESTORS

SUPPORTERS & PARTNERS

PARTNER IN FOCUS: DELOITTE

FINANCIALS

FINANCIALS

PORTFOLIO DIRECTORY

PORTFOLIO DIRECTORY

NEW PROFIT I ANNUAL REPORT 2014 - 2015

Entrepreneurs, philanthropists,and others in theNew Profit network don’t play the game; they transform it.

NEW PROFIT I ANNUAL REPORT 2014 - 2015 ANNUAL REPORT 2014 - 2015 I NEW PROFIT

Welcome

4 NEW PROFIT I ANNUAL REPORT 2014 - 2015 ANNUAL REPORT 2014 - 2015 I NEW PROFIT PB

PB NEW PROFIT I ANNUAL REPORT 2014 - 2015 ANNUAL REPORT 2014 - 2015 I NEW PROFIT 5

UPDATE FROM BOARD CHAIR

A Message From Vanessa Kirsch& Doug Borchard

These fundamental principles have guided New Profit’s

work to redefine what is possible and break down barriers to

opportunity since our founding. When we created New Profit

in 1998, America lacked a dynamic marketplace for social

problem solving and systems-level change. We believed in the

power of social entrepreneurs and their insights before most

foundations and philanthropists were investing in them, and

we created New Profit to find, select, invest in, and scale the

best ideas. Our partners have now collectively impacted over

10 million lives.

Today, despite the tremendous growth of social

entrepreneurship and the impressive results achieved by

many organizations, we are still challenged to build this

dynamic marketplace. Although we are seeing entrepreneurs,

funders, government agencies, and other actors employing

innovative strategies that are working, they are operating on

too small a scale to adequately address our nation’s biggest

problems. Nearly 50 million Americans are still living in

poverty and the achievement gap continues to widen, with

two out of three students reading below grade level and one

in five failing to graduate from high school. Racial and ethnic

biases contribute significantly to inequality of educational

opportunities, workforce opportunities, and health outcomes.

As a result, too many across the nation are still struggling to

find their footing on the path to opportunity.

This is the moment to be bold, think big, and build problem solving ecosystems to surround the challenges we face.

We have, for the last few years, begun shifting our work

towards an “aligned action” strategy that brings vision-

ary social entrepreneurs and philanthropists together with

change agents from across the public and private sectors to

pursue large-scale change. Our new ‘Focus Funds,’ which

are issue-specific collaboratives led by seasoned portfolio

managers, are bringing entirely new approaches to market

in early childhood learning, K-12 educational attainment,

college-to-career opportunities, and criminal justice reform.

Since launching, our Focus Funds have partnered with

leading philanthropists and foundations – including the

Bill & Melinda Gates Foundation and the LEGO Foundation –

to support more than 50 high potential organizations with

capacity building and incubation funding, policy advocacy

guidance, and networking and community building (see

pages 18-29 for detailed profiles of each of our Focus

Funds).

Innovation, adaptation,and results.


BOARD OF DIRECTORS

We have also continued to focus on selecting and supporting

the best up-and-coming social entrepreneurs across all sectors

through the New Profit Innovation Fund (see page 14 for

more information).

Our efforts to change policy and drive resources toward social

innovation and entrepreneurship have also continued to

grow through our nonpartisan initiative America Forward.

We have just launched our America Forward 2016

presidential briefing book that brings together the best ideas

from our social entrepreneurs and other thought leaders in our

network. We are currently reaching out to Presidential

candidates and strategists from both parties to raise these

ideas, building on our 2008 effort, which directly influenced

the creation of the White House Office of Social Innovation

and the Social Innovation Fund. We are also participating in

critical dialogue about equity and inclusion in the social sector

and beyond through our annual Gathering of Leaders and

our #OpportunityRedefined digital dialogue series.

Every day, we imagine the type of world that we could

live in if we were able to surround all of the nation’s

toughest social problems with a network of dynamic

entrepreneurs, passionate philanthropists, cross-sector

partners, and other allies.

None of this would be possible without our incredible

community of investors, partners, and the leadership of our

Board of Directors. We want to give special thanks to our

outgoing Board Chairman, Josh Bekenstein, who has led

New Profit through the past eight years of growth and will

continue his service on our Board. Josh has brought, and will

continue to bring, relentless energy and dedication to his

work with us. We are so thankful for his leadership,

mentorship, wisdom, and dedication. In that spirit, we are

delighted to welcome Jeff Walker as our incoming Board

Chairman. Jeff is a seasoned business leader who has turned

his full attention to high-impact philanthropy, and we are

excited about what is in store for our work together.

The last 18 months at New Profit have been the most

exciting in our history. Against a backdrop of rapid advances

in our understanding of social problem solving in America,

we’ve taken advantage of new opportunities that we believe

will help us achieve greater, more transformative impact

in the future. Together, with all of you, we believe that we

can move America towards a more just future for all.

Gratefully,

Vanessa and Doug



- ERIC DAWSON

President & Co-Founder, PEACE FIRST

“Peace First has had an amazingrelationship with New Profit.I have a lot of funders who care about bottom lines and supporters who care about meas a leader, but New Profit is one of the few places that bringsthese things together in one place. What they care about mostat the end of the day is impact.”


BOARD OF DIRECTORS

Update from the Board Chair

Fifteen years ago, my wife Anita and I first invested in New Profit.

We have had the unique opportunity to witness New Profit’s

journey and evolution as investors and during my time as

a Board Member and as Chairman of the Board since 2007.

As I hand the reins of the chairmanship over to Jeff Walker,

I’d like to take a moment to reflect on our experience and

bright future ahead for our organization.

The core of our approach – identifying, investing in, guiding,

and scaling many of the nation’s best social entrepreneur-led

organizations – has had a significant impact on critical social

issues. We have just invested in our 50th portfolio

organization, and these organizations have collectively

touched well over 10 million lives. All of these organizations

are committed to evidence-based practice, with half of our

current portfolio implementing or developing formal

evidence-based studies. At the same time, our realization

that more must be done to drive systems-level change across

multiple sectors in key issue areas led to the launch of

America Forward, New Profit’s nonpartisan policy initiative,

and the expansion of the Gathering of Leaders, our annual

event bringing together leading change agents from the

private, nonprofit, government, creative, and academic

communities.

Today, New Profit continues to pursue impact by investing

not only in individual organizations, but in a set of

organizations focused on specific issues called Focus Funds.

Through these collective investments, we are pursuing new

partnerships that will push the boundaries on cross-sector

leadership. As you read through this annual report, I hope

you get a sense of the impact we are seeing daily and the

systemic change that we envision.

Finally, my fellow Board Members and I want to thank New

Profit’s investors and partners, and encourage them and

others to continue to support the adaptive and innovative

spirit that underlies New Profit. I’m excited to continue

working with all of you on the road ahead.

Sincerely,

Josh Bekenstein



Board of Directors

ED COHENPresident

CARLIN VENTURES, INC.

JOSH BEKENSTEIN Managing Director

BAIN CAPITAL

PAUL GROGANPresident & CEO

THE BOSTON FOUNDATION

STEPHEN M. JENNINGSPrincipal, Strategy & Operations

DELOITTE

VANESSA KIRSCH Founder & CEO

NEW PROFIT

DAVID HARRISProvost & Senior Vice President

TUFTS UNIVERSITY

BILL McCLEMENTS SVP, Corporate Operations

MERRIMACK PHARMACEUTICALS

HENRY McCANCEChairman Emeritus

GREYLOCK PARTNERS

NEW BOARD MEMBERS Harris joined the New Profit Board in 2014. As a distinguished leader in academia with experience working in government,David brings an invaluable and diverse perspective to New Profit.

McCance joined the New Profit Boardin 2015.

“I love working with New Profitbecause the model that they useis so familiar to me in my careeras a venture capitalist. New Profit is using the venture capital model in the nonprofit sector.”


BOARD OF DIRECTORS

MARK E. NUNNELLYCommissioner

MA DEPARTMENT OF REVENUE

DUNCAN M. McFARLANDTHE BROMLEY CHARITABLE TRUST

JIM PALLOTTAChairman & Managing DirectorRAPTOR CAPITAL MANAGEMENT

BRIAN SPECTORManaging Director

THE BAUPOST GROUP LLC

BARRY SALZBERGProfessor

COLUMBIA BUSINESS SCHOOL

JEFFREY C. WALKERChairman

MDG HEALTH ALLIANCE

KRISTIN MUGFORDSenior Lecturer

HARVARD BUSINESS SCHOOL

VALERIE MOSLEYChairwoman

VALMO VENTURES

JOHN RICEFounder & CEO

MLT

Mugford and Mosley joined the New Profit Board in 2014 and 2015, respectively.Both women have been incredible thought partners and investors, introducing New Profit to valuable new contacts and providing input and feedback on the organization’s women’s finance work.

Rice joined the New Profit Board in 2015 as the first social entrepreneur to fill one of two new rotating board of directors seats set aside for founders or leaders of organizations in the New Profit portfolio. The rotating seats were added to make sure that the voices of social entrepre-neurs, who along with philanthropists are the key change agents in the New Profit network, are heard in strategic discussions about the organization’s future.


Approach



The New Profit Model

BY THE NUMBERS

$1.5Bmobilized for social

innovation across all of our work

30+current

investments

250innovative, cross-sector

problem solvers at the annual Gathering of Leaders

$150Mraised and disbursed

to help scale great organizations

NEW PROFIT is a national nonprofit venture philanthropy fund that seeks to break down the barriers that stand between people and opportunity in America.

Our core belief is that visionary entrepreneurs and philanthropists can upend the status quo and transform education,

early childhood learning, economic empowerment, and public health. We work hand-in-hand with them—and cross-sector

and community-based partners—to drive large-scale change through three integrated activities:

(Select Examples.)

1./ WE INVEST IN VISIONARY LEADERS

with unrestricted capital and strategic support to help them scale the impact of path-breaking organizations.

2./ WE CHANGE PUBLIC POLICY

to drive better social outcomes through innovation and more efficient use of resources.

3./ WE BUILD COMMUNITY

and collaboration with problem solvers from across sectors.


BOARD OF DIRECTORS

2014-2015 Milestones & Highlights

2015 Gathering of Leaders

Our 2015 Gathering of Leaders, the most successful and

well attended in our history, brought together social

entrepreneurs and their counterparts from the public and

private sectors for dialogue and collaboration on equity,

inclusion, and technology, among other things.

Partnerships

We expanded our groundbreaking partnership with Deloitte,

through which we provide world-class strategic support to

portfolio organizations. We also launched new collaborations

with the Bill & Melinda Gates Foundation to catalyze new

progress in education reform, and WME | IMG to change

the culture around learning in America.

America Forward and the 2016 Presidential Election

America Forward, New Profit’s nonpartisan policy arm,

helped shape the Workforce Innovation and

Opportunity Act (WIOA), which provides hundreds of

millions of new dollars for local innovation and social entre-

preneurship. America Forward also released its 2016 Presi-

dential Briefing Book, which brings together the best policy

ideas from social entrepreneurs and others across

our network.

Equity and Inclusion

Led by members of our team and inspired by leaders across

our network, we began to look deeply at how to make New

Profit a more inclusive and equitable organization, while

also helping put more power in the hands of people to solve

problems in the communities we serve.

Our Brand

We refreshed and modernized New Profit’s brand, creating a

new logo, website, and materials to carry us into the future.

Our Board and Team

Five visionary leaders joined New Profit’s Board of Directors,

including JOHN RICE, the founder and CEO of MLT, who

became the first New Profit portfolio organization social

entrepreneur to become a board member (see the full

list on p. 8-9). We also welcomed a new Chief Financial

Officer, GAIL FRANCK, to our leadership team.

New Profit Innovation Fund

We made a new investment in Third Sector Capital Partners

(thirdsectorcap.org), a pioneer of the Pay for Success

approach to social innovation financing. We made

reinvestments in MLT (ml4t.org) and Family Independence

Initiative (fii.org). Finally, we launched a pilot initiative called

the New Profit Accelerator to support dynamic female

social entrepreneurs as they build organizations.

Focus Funds

Our new Focus Funds, which are collaboratives for

ambitious experimentation and ecosystem building around

social challenges, took off with support from individual and

institutional investors. Full profiles of the funds appear

later in this report.


New Profit Innovation Fund

Championing visionary leaders. Accelerating game changing solutions.

New Profit was founded on the idea that great

social entrepreneurs can drive transformative

impact if they have access to growth capital and

strategic support to help them achieve scale.

While we have expanded our activities over time

to pull other social change levers like the policy

advocacy and community-building activities

explained above, our work with social

entrepreneurs remains at the core of what we do.

That work lives in the New Profit Innovation Fund

(NPIF), which is our learning lab for identifying

and catalyzing the best nonprofit and other social

impact organizations in America. Through NPIF,

we turn philanthropic dollars into growth capital

for these organizations, while also providing world

class strategic support that is usually reserved for

Fortune 500 companies to their leadership teams

through a multi-million dollar annual partnership

with Deloitte. With this model, we are able to

leverage every dollar that is invested in New Profit

powerfully to drive outcomes that go beyond

direct service and towards our mission of

systemic change.

Our work in NPIF is driven by sophisticated due

diligence, focused strategic support, and sector

leading monitoring and evaluation. It is New

Profit’s sensing function, where we take smart

risks in our search for emerging trends and

game-changing social innovations. Relative to

our other funds, NPIF is the most wide-ranging,

which allows us to maintain a robust pipeline of

exciting potential investments.

Overview

WE INVEST

New Profit selects the highest potentialSocial Entrepreneurs.

Theory of Change

AND SUPPORT ORGANIZATIONS TO BUILD THEIR

CAPABILITIES

New Profit provides - Funding

- Strategic supports- Access to networks

WHICH ENABLES THEM TO STRENGTHEN AND SCALE THEIR IMPACT

Organizations are able to - Strengthen direct impact and evidence

- Scale lives touched and organization- Enhance financial sustainability

AND BUILDS THE PLATFORM FORBIG CHANGE

Organizations develop and strengthen a strategy to increase influence and drive

systemic change to close the opportunity divide

ELIZA GREENBERGManaging Partner

BOB SEARLEManaging Partner


Key Highlights

A significant investment from the Bill & Melinda

Gates Foundation

New Profit recently announced a four year, $15 million grant

to support an exciting partnership with the Gates Foundation.

At the core of the effort, the two organizations will leverage

New Profit’s unique model in supporting four existing

College-Ready Education grantees in the New Profit

Innovation Fund with multi-year, unrestricted funding and

strategic advisory support on growth, capital aggregation,

board development, human resources, and other areas.

In addition, the College-Ready Education team and New

Profit will collaborate in two additional areas:

1) The College-Ready Education team will become a core

investor and partner in New Profit’s Reimagine Learning Focus

Fund (see page 22 to learn more about New Profit’s

Reimagine Learning Fund); and

2) The College-Ready Education team and New Profit will

work together to codify the capacity building approach and

explore a longer-term field building initiative.

An investment in Third Sector Capital Partners

New Profit invested $1 million in Third Sector, which leads

governments, high-performing nonprofits, and private

funders in building evidence-based initiatives that address

society’s most persistent challenges. As experts in innovative

public-private contracting and financing strategies,

Third Sector is an architect and builder of the nation’s most

promising Pay for Success projects including those in

Commonwealth of Massachusetts, Cuyahoga County, Ohio,

and Santa Clara County, California. These projects are

rewriting the book on how governments contract for social

services: funding programs that work to measurably improve

the lives of people most in need while saving taxpayer dollars.

COLLEGE POSSIBLE

EDUCATORS 4 EXCELLENCE

FAMILY INDEPENDENCE INITIATIVE

FIRST PLACE FOR YOUTH

FOODCORPS

HEALTH LEADS

KIPP

LIFT

MLT

NEW LEADERS

PEER HEALTH EXCHANGE

ROCA

THE MISSION CONTINUES

THIRD SECTOR CAPITAL PARTNERS

CURRENT GRANTEES

To learn more about NPIF, please visit www.newprofit.org/our-work/the-new-profit-innovation-fund/

- BOB SEARLE

Managing Partner, Portfolio Performance and Support, NEW PROFIT

“We are excited to partner with the Gates Foundation, because the hard work of nonprofit capacity building has not traditionally been a focus of large philanthropic funders, even though it can have profoundly positive impact.”

<< A LIFT Member learns computer skills during a digital literacy workshop.


New Profit Accelerator Fund

Launching female leaders.

New Profit’s Accelerator Fund was launched in 2014 to

accelerate the potential of extraordinary female social

entrepreneurs and the impact of their organizations.

Our first cohort consists of seven social entrepreneurs

who are breaking down barriers to opportunity

in America and beyond.

Accelerator social entrepreneurs receive a boost in the

form of a one-time gift, insider access to New Profit

networks, and a crash course in New Profit tools.

Social entrepreneurs form a cohort, meant as a

collaborative learning community to seed new ideas,

ignite innovation, and build bigger impact. The idea is

simple: women supporting women to change the world.

We are grateful to Sarah Peter, one of our visionary

New Profit donors, who has funded this program out

of a desire to propel more female social entrepreneurs

to scale.

OverviewCURRENT GRANTEES

JESSICA SAGERCo-Founder & Executive Director

ALL OUR KIN

ALEXANDRA BERNADOTTEFounder & CEO

BEYOND 12

T. MORGAN DIXON Co-Founder & CEO

GIRLTREK

VANESSA GARRISON Co-Founder & CFO

GIRLTREK

LISBETH SHEPHERDFounder and Executive Director

GREEN CITY FORCE

LEILA JANAHFounder & CEOSAMA GROUP

MAISHA MOSES Executive Director

THE YOUNG PEOPLE’S PROJECT

LEADERSHIP

KELLY CUTLERAssociate Partner

CURRENT GRANTEES


Key Highlights

New Profit brought Accelerator social entrepreneurs into the

network through inclusion in the Gathering of Leaders.

As a result, Accelerator social entrepreneurs formed new

funding relationships, came away with ideas for strengthening

their organization’s impact, and contributed significantly

to the dialogue.

New Profit leveraged key partnerships for the Accelerator

social entrepreneurs, including our relationship with Deloitte.

JESSICA SAGER of All Our Kin In presented a case study

at a large Deloitte University consultant training. Teams

of consultants provided analysis and recommendations to

Jessica and her team on determining the optimal geography

for program expansion. In addition, through the Deloitte

Greenhouse, we brought the Accelerator social entrepreneurs

together to address key organizational challenges in an

experiential learning setting.

To learn more about the women in the New Profit Accelerator Fund, please visit www.newprofit.org/announcing-the-new-profit-accelerator-entrepreneurs/

ALEX BERNADOTTE, CEO of Beyond 12, led a pivotal

conversation about race at the 2015 Gathering of Leaders that

has continued through New Profit’s entrepreneur-led digital

series #OpportunityRedefined, which explores what it means

to be on the path to opportunity today (see page 36 for more

information on the Gathering of Leaders).

This first pilot will wrap up in December 2015 with a closing

dinner in New York. Plans are underway to kick off a second

Accelerator round in early 2016, and strong candidates

are already in the pipeline.

“I’ve been moved and roused to action by the cohort

of powerful women I’ve had the privilege to work

with this year. We’ve practiced tangible skills,

gained new connections, and most of all,

learned from and been inspired by each other.”

- JESSICA SAGER

Co-Founder & Executive Director, ALL OUR KIN

New Profit brought expertise to the table on financial literacy,

talent management, fundraising, and other skills and practices

through in-person working sessions and webinars. As a result,

Accelerator social entrepreneurs strengthened their

organization’s capacities and systems.

MAISHA MOSES, Executive Director of The Young People’s Project,

at the 2015 Gathering of Leaders.

ALEXANDRA BERNADOTTE, Founder & CEO of Beyond 12,

at the 2015 Gathering of Leaders..


Focus Funds

Drawing on our 17 years of experience helping scale

high-impact innovations, we bring together like-minded

social entrepreneurs, philanthropists and institutional

donors, researchers, policy experts and other cross-sector

partners for intensive collaboration aimed at catalyzing

new approaches and breaking through on intractable

challenges.

Our Focus Funds are, in essence, dynamic new

problem-solving networks within which unexpected

breakthroughs and interactions can, and do, occur.

With New Profit as the driver and facilitator,

Focus Funds integrate the following core activities:

Our vehicles for ambitious experimentation and risk-taking with emerging solutions to social challenges.

• Co-creating and collaborating on vision

and strategy, operating plans and

measurement;

• Investing in visionary leaders who have

created bold solutions with systemic

change potential;

• Advocating for public policy that sets the

agenda, redirects resources and leads

to better outcomes; and,

• Capturing public attention and

mobilizing support for major change.

New Profit has five Focus Funds implementing aligned action

strategies addressing a specific social problem:

• Pathways FundEducation and workforce development for low-income youth.

(See page 20 for more information)

• Reimagine Learning FundTransformative learning opportunities for all students.(See page 22 for more information)

• Early Learning Fund A strong early start for young children. (See page 24 for more information)

• Reimagine School Systems FundMore high performing schools for low-income students. (See page 26 for more information)

• Learn to Earn Fund Career readiness for 10 million more Americans by 2025. (See page 28 for more information)

• Criminal Justice Reform Fund (In development)


“On the path to social change there often comes a point when thosein the trenches of a particular issue–whether funder or practitioner—ask a different kind of question about scale. It’s a shift away from“How can I scale this organization or program?” to a more challenging question:“How can I scale impact?”Asking this question allows the aperture to broaden, raising the possibility of working through collaborative networksto drive broader impact thanis possible working alone.”

THE MONITOR INSTITUTE & THE ROCKEFELLER FOUNDATION

- From a profile of our Reimagine Learning Focus Fund called

“Bridging silos and creating a new vision for learning” by


Pathways Fund

Successful employment in today’s modern workforce

demands more formal education and training than

ever before. By 2018, two-thirds of all jobs will require

a postsecondary degree or certificate. However, while

education remains the most direct pathway to economic

self-sufficiency, access to the education needed for

sustainable employment remains elusive for a critical

mass of America’s youth, particularly those from

low-income, underrepresented communities.

Only 60% of America’s low-income youth graduate

from high school. Seventeen percent of 16-24 year olds

in the United States, or 6.7 million young adults are

“Opportunity Youth” who are not attending school,

not working, and have no credential beyond high school.

The mission of the Pathways Fund is to strengthen the

bridge between education and workforce development

to foster opportunity and access for low-income youth.

As an inaugural grantee of the Social Innovation Fund

(SIF) – one of the nation’s foremost social investment

experiments – the Pathways Fund supports six of our

country’s most promising social innovations to build

a strong evidence base and scale pathways to and

through college and into meaningful work nationwide.

Additionally, the Pathways Fund represents a new way

of doing business for the federal government – investing

in social innovations based on evidence of impact versus

investment formulas or pre-existing relationships.

Ensuring that every young person has the power to write their own story.

Overview

AUGUST 2010 – TO CONCLUDE IN JULY 2016

LAUNCHED

LEADERSHIP

TULAINE MONTGOMERYManaging Partner

PRIMARY FUNDERS

Corporation for National and Community Service

Blue Ridge Foundation New York

Carnegie Corporation of New York

The Kresge Foundation

Oak Foundation

Robin Hood Foundation

State Street Foundation

JPMorgan Chase Foundation

Open Society Foundations

SeaChange Capital Partners

CURRENT GRANTEES

COLLEGE ADVISING CORPS

COLLEGE SUMMIT

iMENTOR

SINGLE STOP

YEAR UP

YOUTHBUILD USA


Key Highlights

New Profit continued to convene the Pathways Fund’s

learning community, which includes senior staff from

Pathways subgrantee organizations, co-investors, and leaders

in the postsecondary education, college access/success, and

workforce development fields.

New Profit continued to provide ongoing, individualized

technical assistance to the six Pathways organizations,

focused on strategic planning, organizational growth, board

and leadership development, evaluation, fundraising, financial

systems, and compliance and grants management.

The Pathways Fund continued to focus on Focus Fund

activities that provide function-area technical assistance to the

six Pathways organizations.

• Evaluation - A Pathways Evaluation Working Group was

established as an ongoing forum for the evaluation leads

from each Pathways organization to share questions,

updates, and best practices related to their individual

evaluation studies, as well as to discuss topical issues

such as the external dissemination of evaluation results

and management of internal learning.

• Financial Sustainability - The Pathways team

secured the Nonprofit Finance Fund (NFF) to tackle the

complex issue of the Pathways organizations’ financial

sustainability after their federal SIF grant ends, applying

their deep knowledge of nonprofit finance manage-

ment against the specific issues raised by the individual

organizations. NFF worked with New Profit and the

six Pathways organizations to conduct an assessment

of financial sustainability and develop customized

sustainability plans for each organization.

Now that the Fund is in its final year, the Pathways team is

launching a communications effort to create sector stories

about the Pathways Fund organizations’ impact on the college

access/success and workforce development fields.

The team is working closely with New Profit’s Communications

team and the six Pathways organizations to craft a narrative

that effectively tells the story and results of the 5-year initiative.

To read more about the Bill and Melinda Gates investment, please visit:www. billandmelindaplaceholder.com

- ELISABETH MASON

Co-Founder, Senior Advisor to the Chairman & Advisory Board Member, SINGLE STOP

“We came into New Profit in the first Social

Innovation Fund group from the White House.

Being among that group of leaders, and being able

to learn from was unbelievable in terms of how it

accelerated Single Stop’s work. We went very, very

quickly from being in two states to being in ten.”

“Inclusion in this network means you’re always learning and always growing. Being a part of New Profit is a validation of your work and a challenge to take it to the next level.”

- MIKE O’BRIEN

CEO, iMENTOR

SANGEETA TYAGI, President of YouthBuild USA, presenting on harnessing the

potential of young people at America Forward’s presidential briefing book launch event.

To learn more about the Pathways Fund, please visit www.newprofit.org/our-work/focus-funds/pathways-fund/


Reimagine Learning Fund

New Profit’s Reimagine Learning Fund (RL) aims to drive

a dramatic leap forward in our approach to learning that

embraces the whole child and is centered on learner

variability.

RL’s work is based on three core beliefs:

• There is no such thing as an average learner,

• Social, emotional, and cognitive skills are in

extricably linked, and

• Young people should be guides in their own

learning journeys and agents of change in society.

We believe it is especially critical to reach and support

students who have not historically thrived in our schools

—have including student facing barriers to learning like

diagnosed learning disabilities, undiagnosed learning and

attention issues, and/or chronic stress and trauma—and

particularly students from low income communities.

RL has a three-pronged strategy:

• Deploy funds to (a) support innovators who are

translating the latest insights from behavioral

science and classroom practice into schools and

learning environments and (b) enable collaboration

between practitioners.

• Support district, state, and federal policy shifts to

remove barriers and create space for innovation in

teaching and learning.

• Mobilize students, parents, educators, and others

as advocates for the Reimagine Learning vision.

To date, Reimagine Learning has built a network of over

500 social entrepreneurs, researchers, educators, policy

influencers, and advocates united by this shared vision.

Reimagining the future of learning in the U.S. so all students can achieve both academic and life success.

Overview

MARCH 2013

LAUNCHED

LEADERSHIP

JODY CORNISHManaging Partner

SHRUTI SEHRAManaging Partner

PRIMARY FUNDERS

ANET

EYE TO EYE

NEW CLASSROOMS INNOVATION PARTNERS

NEW TEACHER CENTER

PEACE FIRST

TURNAROUND FOR CHILDREN

CURRENT GRANTEES

LEAD FUNDERSBill & Melinda Gates Foundation

Oak Foundation

Poses Family Foundation

The Peter and Elizabeth C. Tower Foundation

Tower Family Fund

ADDITIONAL KEY FUNDERSAnonymous (2)

M. Roch Hillenbrand (The Hillenbrand Family Foundation)

Sarah Peter

The Show Me Campaign

Tobey Maguire Innovation Fund

Wasserman Foundation

William Morris Endeavor


Key Highlights

Working closely with the America Forward Coalition,

Reimagine Learning secured key provisions in both the

successful House and Senate versions of the Elementary and

Secondary Education Act re-authorization bills, highlighting

flexible and innovative practices like competency based pilots

that can make a breakthrough difference for students who

face barriers to learning.

In 2015, Reimagine Learning hosted two major convenings

in Boston dedicated to collaboration, conversation and action.

The first of these brought in experts from neuroscience to

educate our community about the science of learner

availability, engaged experts from the healthcare sector

to share advice about how to catalyze innovative change,

engaged our practitioners in dialogue with the new head of

Boston Public Schools, highlighted the perspective of young

leaders who are engaged in educational change efforts and

engaged our network in rich conversation about our practice

and policy work. The second of these convenings launched

our newly created Advisory Board, which brings together

thought leaders from across sectors to guide and shape our

work. It also was the inaugural meeting of our Practitioner’s

Working Group, which brings our social entrepreneurs

together into a dynamic community of learning.

In February, 2015, Reimagine Learning hosted a public launch

event at Mercedes-Benz Fashion Week in New York City, as

the highlighted social change initiative for the event. With

collaboration from an amazing group of partners – including

John Legend, WME | IMG, Public School NYC, MIT Media

Lab and Understood.org - the event introduced powerful

narratives about the lived experiences of students who face

barriers to learning and the innovative organizations that are

working to scale solutions that support them in realizing their

full potential. In addition to leveraging the national platform

of this New York City event, major news outlets including

CNN, MSNBC Squak Box, Huffington Post, the Wall Street

Journal and the Boston Globe covered the announcement.

customized sustainability plans for each organization.

Reimagine Learning launched a competitive Letter of Inquiry

process in September 2015 for high-impact incubation fund-

ing to support organizations that are demonstrating powerful

best in class practices and developing practical tools to scale

support for vulnerable learners. The fund also launched a

letter of inquiry process in December 2015 for two additional

multi-year investments provided to organizations with proven

capacity to scale innovations quickly and effectively.

“Students have to see themselves in what they’re learning.” (Young Leader’s Panel, June 2015 RL Convening)

- AMANDA MATOS

Founder, WomanHOOD PROJECT

“Shruti has been on our board and one of the things I’ve been struck by is the amount of immediate value she’s added as we grapple with issues to best practices from across the portfolio.”

- MORA SEGAL

CEO, ANet

“Every investment that has come via New Profit into Eye to Eye has had not one or two, but tenfold the outcome. We punch above our weight now in Eye to Eye, and that’s something thatNew Profit’s given us.”

- DAVID FLINK

Founder & CEO, EYE TO EYE

To learn more about the Reimagine Learning Fund, please visit www.newprofit.org/our-work/focus-funds/reimagine-learning-fund/

“Beneficiary voices have to be what drives innovation. Turning to young people’s lived experiences helps us get to the root of what causes poor outcomes, especially for students with so much stacked against them.” (Young Leader’s Panel, June 2015 RL Convening)

- MARQUIS CABRERA

Founder & Chairman, FOSTER SKILLS, INC.


Early Learning FundSeeking a world where all children have a start in their earliest years of life that sets them on a course to fulfill their potential.

In the first years of life, 700 neural connections are

created every second, forming the architecture of

a young child’s brain. By age four, children living in

poverty are behind, often with less brain development

for information processing and executive functions than

their higher-income peers. We imagine a world where all

children have a start in their earliest years of life that sets

them on a course to fulfill their tremendous potential.

Our nation today has few models that can address the

needs of modern families and young children at scale

despite 1) extraordinary advances in developmental

and translational neuroscience, 2) the emergence of

new technologies to facilitate information-sharing and

connections, and 3) increasing public belief in the

importance of the early years.

New Profit’s Early Learning Fund will grow solutions that

support whole-child development and enable all children

to start school ready to succeed. Our work will bridge

gaps between developmental neuroscience, behavioral

science, and practice in the highly fragmented early

learning sector, which encompasses all of the adults—

parents, teachers, and caregivers—who shape children’s

earliest experiences.

The Fund will invest resources, engage in policy work,

and pursue field-level change goals to:

• Create connections and partnerships between

university-based early learning practitioners and

scale-oriented social entrepreneurs;

• Platform research-rooted content and interventions

onto new vehicles for scale (e.g., technology); and

• Support entrepreneurs leading high-impact

organizations to grow proof points for the field.

Overview

MAY 2015

LEADERSHIP

PRIMARY FUNDERS

Bezos Family Foundation

LEGO Foundation

Fisher-Cummings Family Fund

The David & Lucile Packard Foundation

Rainwater Charitable Foundation

ALL OUR KIN (New Profit Accelerator Fund grantee)

DESIGN FOR IMPACT IN ECE INITIATIVE

(partnership with the University of Virginia)

CURRENT GRANTEES

LAUNCHED

SHRUTI SEHRAManaging Partner

KIM SYMANManaging Partner


Key Highlights


The Fund launched working groups to explore investment

opportunities in three emerging focus areas:

1) Parents as Agents of Change

Transforming the nature of information, support, and

community available to help parents effectively foster

their children’s early development

2) High Quality Pre-K

Translating the wealth of research about supports and

conditions required for high quality pre-K into

classrooms nationwide

3) Technology

Evolving the early learning field for our changing

digital landscape

The Fund has raised a $5M anchor commitment from the

LEGO Foundation.

In the fall of 2015, the Fund began a partnership with the

Joan Ganz Cooney Center at Sesame Workshop (JGCC),

working with JGCC Executive Director, MICHAEL LEVINE,

who is serving as a Senior Partner with New Profit.

SHRUTI SEHRA, Managing Partner at New Profit, brought

her expertise to the Fund as a co-leader as well.

The Fund has accelerated its work with the University

of Virginia to develop and pilot the Design for Impact in

Early Childhood Education (ECE) Initiative. This initiative will

bring together researchers, practitioners, and community

leaders to enhance the effectiveness of pre-K programs by

equipping them to implement a package of program elements

(e.g. curricula, professional development, data systems, etc.)

reflecting the best the field has to offer.

“We urgently need new formsof innovation in the early learning field. The Fund has great potential to stimulate collective action and breakthrough impact.”

- MICHAEL LEVINE

Executive Director, JOAN GANZ COONEY CENTER AT SESAME WORKSHOP

To learn more about the Early Learning Fund, please visit www.newprofit.org/our-work/focus-funds/early-learning-fund/

The Fund hosted two energetic and dynamic launch

convenings. Over 50 luminaries—funders, researchers, and

practitioners—in the field gathered at the convenings to

discuss the Fund’s pillars, strategy, and opportunities for

action.

Toy making at AVANCE.


Reimagine School Systems Fund

In the U.S., 22 million public school students qualify

for Free and Reduced Lunch. Those students have a

10% chance of college completion compared to 82%

for the students in the top economic quartile

(and 31% for all Americans). That means almost

16 million low-income children currently in our public

schools will not complete a college education. The RSS

fund seeks to rapidly and significantly increase the speed

in which high-performing schools are created to serve

low-income communities – both charter schools and

district schools – by pursuing two strategies:

Strategy 1: Create Actionable Demand for High-Quality

Schools by supporting organizations and capacity-

building efforts to develop a ‘pragmatic playbook’

on how to influence changes in district (and if

applicable state) policies and politics that enable

high-quality schools to grow.

Strategy 2: Increase the Supply of High-Quality Schools

to Meet Demand by supporting growing school

operators (with some emphasis on whole-school

restarts), and school operators or other

nonprofits who are turning the lessons of

high-performing schools into resources and services

that enable both charter and district schools to accelerate

growth with quality.

The Fund is seeking to support both national efforts

as well as efforts in a specific set of districts where

investment on both the demand and supply side will

demonstrate how to create a deep penetration of

high-performing schools throughout a district.

Working to rapidly and significantly increase the speed in which high-performing schools are created to serve low-income communities — both charter schools and district schools.

Overview

AUGUST 2015

SOFT LAUNCH

LEADERSHIP

ALEX CORTEZManaging Partner

PRIMARY FUNDERS

Anonymous

Rick and Nonnie Burnes

Charles and Rebecca Ledley

Henry and Allison McCance

Kristin and Stephen Mugford

The Reeder Foundation

Edward and Barbara Shapiro

Brian and Stephanie Spector


MATCH EDUCATION

INNOVATE PUBLIC SCHOOLS

CURRENT GRANTEES

FORMAL LAUNCH

JANUARY 2015


Key Highlights

For 2016, the RSS Fund has organized itself into five priorities:

1. Providing multi-year funding and advisory support

to entrepreneurial organizations that are building proof-points

of how to achieve policy and/or political wins on the demand

side, and organizations growing or supporting the growth of

high-quality schools on the supply side.

2. Making smaller but strategic bets on specific initiatives

in both the supply and demand strategies. Some may be bets

on single organizations and others on collaborations; some

may also be focused on specific geographically based efforts

with high potential for impact.

3. Enabling efforts to shift mindsets and build capacity in this

space by creating clear, accessible content that demystifies

and destigmatizes how nonprofits and philanthropists can

fully act to drive policy and political change.

4. Cultivating a community of learning and action to build

collaboration across key actors on both the demand and

supply side of systems change.

5. Funding/developing programs serving emerging

education entrepreneurs of color to support the growth of

leadership in education nonprofits to be more representative

of the communities they serve.

The Fund conducted due diligence on four potential invest-

ments; completed two investments and started follow-on advi-

sory support for Match Education and Innovate Public Schools.

The Fund organized a group of two dozen leaders in district/

state government, nonprofits, school operators and philan-

thropists across Boston, Springfield and Lawrence, MA to

conduct a 2-day visit to Spring Branch, Texas (Houston area)

to observe an example of deep, successful charter/district

engagement and develop a set of recommendations on

charter/district collaboration for Boston.

To learn more about the Reimagine School Systems Fund, please visit www.newprofit.org/our-work/focus-funds/reimagine-school-systems-fund/

- STIG LESCHLY

CEO, MATCH EDUCATION

“A New Profit investment offers us the benefit of

their experience and network of resources in helping

scale some of America’s highest-impact education

organizations.”

- MATT HAMMER

Founder & CEO, INNOVATE PUBLIC SCHOOLS

“New Profit brings a national perspective and deep

expertise in scaling programs and organizations.

We look forward to leveraging their resources

as Innovate explores how to create deeper impact

in the Bay Area and broader impact nationally.”

The Fund held a convening in June of ~70 leaders in

education-related community organizing / advocacy /

electoral work, school operators, and philanthropists to:

a) dig into the tensions that inhibit the effectiveness of

driving systemic change in the education sector (in particular

the tension of who owns the agenda in driving place-based

education reform), b) how practitioners and philanthropists

can work to overcome these tensions, and c) how to do this

within the context of building more diversity to reflect the

communities we are seeking to serve.

Redwood City Council member ALICIA AGUIRRE, Innovate Public Schools parent

leaders MARITZA LEAL, ISABEL OCAMPO, and ENRIQUE ESPARZA, and

KIPP Principal KYLE SHAFFER come together for a ribbon-cutting ceremony at

KIPP Excelencia Community Prep in Redwood City, CA.


Learn to Earn Fund

Scaling innovations to add 10+M more career-ready Americans.

National leaders are calling for a dramatic increase in

postsecondary attainment, pushing for 10+ million more

career-ready Americans by 2025. At the same time,

employers are frustrated that graduates do not have the

competencies required for career success, and families,

students and policy makers are questioning the cost of

postsecondary education. Innovators have rushed in to

tackle the challenge. But too few effective low-income

innovations have scaled, leaving our most vulnerable

students further behind.

No single innovator can overcome these challenges

and redefine what is seen as possible for advancing

career-readiness for low-income students. Our approach

is to build a community of diverse innovators and

aggregate a fund to spark disruption. Learn to Earn

will support the scaling of postsecondary solutions with

proven impact for low-income and under-represented

students. We are pursuing opportunities in four areas:

• Sparking the development of more scalable,

effective ways to help Americans develop

“Power Skills”— skills like leadership, critical

thinking, problem solving, communication, and

teamwork that employers most urgently need.

• Encouraging the development and scale of low-

cost, quality postsecondary models that achieve

high graduation rates.

• Scaling innovations developed within existing

postsecondary systems.

• Building the field of college access and success

organizations to better equip low income young

people to be able to navigate the transition from

learning to earning.

OverviewAPRIL 2015

LAUNCHED

LEADERSHIP

J.B. SCHRAMMManaging Partner

VANESSA KIRSCHFounder & CEO

PRIMARY FUNDERS

Bloomberg Philanthropies

Bill & Melinda Gates Foundation

Lumina Foundation

Spencer Foundation

Walmart Foundation

*Learn to Earn has not made any direct investments yet

KEY PARTNERS

CVS

DELOITTE CONSULTING

HARVARD SCHOOL OF GRADUATE EDUCATION

INSTITUTO DEL PROGRESO LATINO

MATCH EDUCATION

MCDONALDS

STARBUCKS

XPRIZE

YOUTHBUILD USA


Key Highlights


In conjunction with America Forward and the Lumina

Foundation, the Fund launched a communications and policy

effort for the 2016 Presidential campaign that focuses on

increasing awareness about the diversity of today’s college

students.

The Fund hosted successful convenings in March and June

2015 to advance measurement principles in the College

Access and Success field and to build a community of aligned

funders focused on accelerating the efforts of social

entrepreneurs.

In partnership with XPRIZE, the Fund laid the groundwork to

design and launch a Prize Competition (grand challenge) in

2016 focused on incentivizing more scalable, effective ways

for Americans to develop the set of skills that are most highly

valued by employers but are not widely taught in K-12 and

postsecondary systems today (Power Skills).

To learn more about the Learn to Earn Fund, please visit www.newprofit.org/our-work/focus-funds/early-learning-fund/

- J.B. SCHRAMM

Managing Partner, LEARN TO EARN FUND, NEW PROFIT

“Innovators are disrupting

postsecondary education, but without

delivering gains for low-income

students at scale. Learn to Earn is

building a powerful community of

funders and social entrepreneurs to

scale postsecondary solutions with

proven impact for students who have

the greatest potential to transform

American communities.”


America ForwardUniting social entrepreneurs and policymakers. Transforming local impact into national change.

America Forward is New Profit’s nonpartisan policy

initiative based in Washington, DC. America Forward

unites social innovators with policymakers to advance

a public policy agenda that champions innovative and

effective solutions to our country’s most pressing social

problems.

The America Forward Coalition is a network of more

than 70 innovative, impact-oriented organizations with

a collective mission to foster innovation, identify more

efficient and effective solutions, reward results, and

catalyze cross-sector partnerships.

America Forward focuses on five key areas of work:

• Advance innovative policy platforms: America

Forward Task Forces unite in advocacy efforts and

pursue collective policy agendas in education,

workforce development, and Pay for Success.

• Incubate cutting edge ideas: America Forward

develops promising social innovation policy

proposals and advances bold new ideas.

• Develop organizations’ wide-spread impact:

America Forward partners with innovative

organizations and New Profit’s Focus Funds to help

build their policy and systems change capacities

and foster cross-sector collaborative learning

opportunities.

• Amplify field leadership: America Forward

advances New Profit’s field leadership goals

through engagement in the 2016 Presidential

election, events, partnerships, and media.

• Support service and social innovation:

America Forward supports strategies that increase

opportunities for national service and spread

the reach of social innovation policy.

Overview

FEBRUARY 2007

LAUNCHED

LEADERSHIP

DEBORAH S. SMOLOVER, J.D.Executive Director, America Forward

Managing Partner, New Profit

70+ RAISED TO DATECOALITION MEMBERS COALITION REACH

14,500

KEY PARTNERS

COMMUNITIES ACROSS THE COUNTRY EVERY DAY, TOUCHING THE LIVES OF

NEARLY 8 MILLION AMERICANS EACH YEAR.

LEVERAGED PUBLIC FUNDING

$1.5B


Key Highlights

America Forward is shaping and ensuring effective

implementation of critical federal policies and

programs in Education and Workforce Development

Education: America Forward has continued to be a strong

voice in Congressional reauthorization of the Elementary and

Secondary Education Act (ESEA), a sweeping bill with

significant impact on all our nation’s schools and the

organizations that work closely with them. The America

Forward team is working closely with Congress and the

Administration on priorities in ESEA, including recognition

of the role of effective partnerships, authorization of Pay for

Success initiatives, support for innovative education projects,

transparency of data on postsecondary enrollment, and a new

pilot program for innovative, competency-based assessments.

Workforce Development: America Forward helped

champion and ensure the passage of the bipartisan Workforce

Innovation and Opportunity Act (WIOA) to reauthorize the

Workforce Investment Act. WIOA was signed into law and

included an America Forward developed Pay for Success

option that would enable state governments and local

workforce boards to use up to $600 million dollars for Pay for

Success contracting. The language is a result of several years

of partnership with key champions on both sides of the aisle

in the House and Senate. Since passage, America Forward

has been conducting outreach to states and localities to

provide education and technical support in their

implementation of the WIOA Pay for Success authorities

along with continuing to work with the Administration

on the regulatory process to ensure effective guidance is

provided for those and other provisions.

America Forward is advancing Pay for Success and

other results-oriented innovative funding strategies

America Forward continues to identify opportunities to

advance Pay for Success in programmatic and appropriations

legislative vehicles. This work has included deep engagement

to ensure the passage of the Social Impact Partnership Act

(SIPA) and support for continued funding of important Pay

for Success and evidence-based policies such as the Social

Innovation Fund (SIF), Investing in Innovation (i3) Fund,

Performance Partnership Pilots (P3), and the Second Chance

Act Pay for Success demonstration. (See page 34 for more

information on Pay for Success).

To learn more about America Forward, please visit www.americaforward.org

2016 Presidential Engagement

America Forward launched its 2016 Presidential engagement

with the release of Moving America Forward:

Innovators Lead the Way to Unlocking America’s

Potential, a new Presidential briefing book. Moving America

Forward contains fresh and disruptive ideas for policymakers

and the current slate of presidential candidates who aspire to

unlock the potential of all Americans. The announcement of

Moving America Forward was made at an event in

Washington, DC, hosted by America Forward and S&R

Foundation. The event featured speakers, including

leaders of YouthBuild USA, New Classrooms Innovation

Partners, Year Up, Roca, Beyond 12, and uAspire. These

organizations and others in the America Forward Coalition

are working in communities across the country to scale results

and have actively shaped the ideas in the policy briefing book.

To read the full presidential policy briefing book and more on America

Forward’s 2016 Presidential campaign engagement, please visit:

www.americaforward.org/2016-presidential-engagement.html

- BOB GIANNINO

CEO, uASPIRE (AN AMERICA FORWARD COALITION ORGANIZATION)

“The America Forward briefing book is important because it

contains ideas and solutions that everyone can embrace and believe

in. They’re not ideas that are right wing or left wing, or of a

particular party’s influence. They’re ideas that are American and

they’re ideas about lifting people up and providing opportunity.”


America ForwardUniting social entrepreneurs and policymakers. Transforming local impact into national change.

On July 22, 2014, PRESIDENT OBAMA signed the Workforce Innovation and Opportunity Act (WIOA),the first significant update to federal workforce legislation since the late-1990s.

Panelists SHAWN BOHEN, Principal of Year Up, KATHY STACK, Vice President of Evidence-Based Innovation of the Laura and John Arnold Foundation, MARTA URQUILLA, Deputy Director of the Beeck Center for Social Impact and Innovation, and Pollster, Author, and Co-founder of Echelon Insights KRISTEN SOLTIS ANDERSON, lead a discussion focused on translating the success of proof points into government reform and policy change at the America Forward launch event of the presidential policy briefing book, Moving America Forward.

An iMENTOR class celebrating graduation.

A READING PARTNERS student unlocking her learning potential.

A JUMPSTART FOR YOUNG CHILDREN CORPS member with her student.

A KIPP SCHOOLS classroom.


“America Forward has made a powerful and wholly unique contribution in a very few short years. Many ‘policy shops’ are content to advocate for their stakeholders’ status quo,usually a funding stream. But America Forward is actually creating new policies and markets for the adoptionof good practices. It’s not about protecting a funding streambut rather helping to shape and stewardnew means of investing for impact. The team has put meat on the bones of ‘innovation’ not just as an inherently good or interesting thing, but as a way to betterserve the public’s needs and more responsibly steward the public’s investments.”

- MELINDA HUDSON

Vice President, Senior Advisor to the Chair & CEO, AMERICA’S PROMISE ALLIANCE

(AN AMERICA FORWARD COALITION ORGANIZATION)

- ALEX BERNADOTTE

Founder & CEO, BEYOND 12

(AN AMERICA FORWARD COALITION ORGANIZATION)

“I would love for our government to start focusing

on solutions, focusing on innovation, and to start

highlighting all of the things that are happening on the

ground that we know are moving America forward...

The America Forward policy briefing book is one

solution in that direction.”


Pay For Success Driving public resources towards innovative programs that work better for people in need.

New Profit has been actively involved in the growth of the Pay for Success movement, which seeks to drive public resources towards

more innovative, high-impact organizations that are delivering better outcomes for people in need. Pay for Success contracting involves

cross-sector collaboration between government and social services providers, and may also include other partners such as foundations,

investors and other entities. In this movement, government dollars are tied to results rather than the cost of services provided or the

number of people served. In some cases, private sector partners come together to provide up-front growth capital for the high-impact

social service providers all of whom are in pursuit of ambitious outcomes and strengthened accountability. If the outcomes are achieved,

based on independent evaluation, the private sector funders, and in some cases even providers, are entitled to reimbursement.

In addition, new evidence is available to inform policymakers’ decisions about budgeting and programming.

New Profit is involved with a number of specific Pay for Success initiatives across the country:

New Profit is an investor in the Massachusetts Juvenile Justice Pay For Success Initiative, an effort to scale Roca, Inc.’s program

that helps at-risk young men avoid repeat incarceration and build better lives that launched in February, 2014.

America Forward, New Profit’s nonpartisan policy initiative, has been instrumental in raising awareness of Pay for Success’

potential in Washington and beyond. America Forward was a lead advocate for inclusion of Pay for Success provisions in the

Workforce Innovation and Opportunity Act of 2014. America Forward is also collaborating with Third Sector Capital Partners

(New Profit Innovation Fund) on a new $1.9M award from the Social Innovation Fund of the Corporation for National and

Community Service to explore and expand Pay for Success programs in local communities that want to address youth

development, economic opportunity and public health.

America Forward is also leading efforts to ensure passage of the Every Child Achieves Act and Social Impact Partnership Act

(SIPA), which would both provide authority to use federal funding in the development of Pay for Success projects that have federal

program and budget implications.

Overview

MOLLY BALDWIN, Founder & CEO of ROCA, INC., presenting on her organization’s involvement with the country’s largest Pay for Success projectin the country at America Forward’s presidential briefing book launch event.

- DAVE WILKINSON

Director, THE WHITE HOUSE OFFICE OF SOCIAL

INNOVATION AND CIVIC PARTICIPATION

“America Forward has been a leading force in the movement to get better results through Pay for Success and transform the way we address social challengesin America.”


Target population and desired outcomes are clearly identified.

PAYOR

POPULATIONSERVED

THIRD PARTYEVALUATOR

PROJECT MANAGER/ INTERMEDIARY

SERVICEPROVIDER

Manages project and all stakeholders.

PAY FOR SUCCESS

Pays for successful outcomes after services are delivered and results are evaluated. (Initial service delivery could be financed througha social financing mechanism.)

Independently identifies metrics and evaluates outcomes, reporting datato provider and payor.

TYPES OF PAYORS

Social Innovation FinancingA tool designed to address the payment delays and uncertainties inherent in Pay for Success contracting. In Social Innovation Financing, private funders, using various financial instruments, provide working capital to service providers with Pay for Success contracts to deliver social, health, housing, community development, and similar services, and those private funders take on the financial risk that the service providerwill not meet the level of success necessary to trigger performance payments. Social Impact Bonds are one form of Social Innovation Financing (but are not actuallybonds in a traditional sense).

Pay for SuccessA type of pay for performance-based

contracting between governmentand service providers in which impact is

measured rigorously and government makes “success payments,” or increases

a provider’s market share, only when results are achieved within a specific

timeframe.

PRIVATE INVESTORS/PHILANTROPHY PRIVATE ENTITIES GOVERNMENT FINANCIAL INSTITUTIONS/

CDFIs

To learn more about Pay for Success, please visit www.newprofit.org/our-work/next-big-ideas/pay-for-success/


The 2015 Gathering of LeadersBringing together cross-sector leaders to develop and advance big new ideas for social impact.

Over the past eleven years, the Gathering of Leaders

has become recognized as one of the nation’s most

influential convenings of social innovators and their

counterparts in business, government, philanthropy, media,

technology and academia.This invitation-only event brings

together approximately 250 Gathering participants annually

for an intimate two-day convening to accelerate solutions

to our nation’s toughest problems in early childhood

development, K-12 and postsecondary education,

workforce development, community health, poverty,

and related areas.

Participants challenge each other’s beliefs and assumptions,

forge new connections, spark ideas, align strategies, and

shape initiatives that unlock the potential of social

innovation to expand social mobility in communities

across the nation.

Overview

Key Highlights

A set of personal, powerful conversations on race,

bias, and opportunity and the social sector

The 2015 Gathering lifted up the ways in which implicit

bias, particularly racism, is a powerful force in the social

sector—as it is elsewhere in virtually all aspects of our

society. For many, one of the most powerful outcomes of

this discussion was an appreciation that the state of play

for our sector is not only inadequate from a social justice

perspective—it also constrains in profound ways our

ability to achieve our missions and solve social problems

authentically, sustainably, and at scale.

Managing Partner KIM SYMAN has led listening tours

to inform the content and programming for the Gathering,

allowing for co-creation with New Profit’s community,

portfolio organizations and investors.

An exploration of the power of adaptation

Complex, large, dynamic problems require evolutionary

approaches, because no simple answer can exist that

works everywhere that this problem is experienced,

and for all times. In a keynote by economist

TIM HARFORD, and multiple breakout sessions, we

explored what we as funders, organization leaders, policy

makers, corporate partners, etc. can do to retain high

expectations on rigor and evidence of impact, while not

just allowing for but actively supporting adaptation in the

service of greater social impact over time.

A focus on how the problems that get solved have

everything to do with who is doing the solving

The idea of social entrepreneurship rests on the insight

that while social change is a team sport, the game is set in

motion because of an individual (or a bunch of individuals)

with an insight born from experience for a better way to

do something, and the wherewithal to do something about

it. That emphasis on insight born from experience—as

opposed to ideological theorizing—makes even more

poignant the fact that our field has often undervalued

those with the greatest insights—people who are directly

experiencing a problem. Constituent-led change, design

thinking, community capacity building, crowd-sourcing,

data feedback loops to communities, and other approaches

are making extremely important advances in the Gathering

community and the social innovation field more broadly,

and are increasingly embraced as first principles.


To learn more about the Gathering of Leaders, please visit www.newprofit.org/our-work/next-big-ideas/the-gathering-of-leaders/

The 2015 Gathering left us curious to further explore:

• HOW TO FAIL FAST AND ADAPT BOLDLY…

• THE ROLE OF RACE IN OUR LIVES AND WORK, AND HOW TO BREAK THE SILENCE…

• WHAT IT WILL TAKE TO GET BETTER AT FINDING LEADERSHIP IN NEW AND UNEXPECTED PLACES…

New Profit is continuing the dialogue started

at the 2015 Gathering in an online series called

#OpportunityRedefined

New Profit’s field leadership team launched an

entrepreneur-led digital series, building on dialogue that

leaders started at New Profit’s 2015 Gathering of Leaders,

to explore what it means to be on a path to opportunity

today.

The goal of the digital series is to lift up amazing ideas and

leaders, provoke conversation about the opportunities and

challenges, and drive action and collaboration.

Topics include:

• Race, Class and the Social Innovation Sector

• Behavioral Science and Social Impact

• Transforming Measurement

• Evaluation of the 2016 Presidential Election

• Pay for Success/Innovative Financing

• Reforming Government/Politics

Follow the conversation with #OpportunityRedefined on

New Profit’s Blog “Amplify,” Twitter, and Facebook

New Profit has continually expanded its network

of innovators

At the 2015 Gathering of Leaders, one-third of the

attendees were new.

- VINEET SINGAL

Co-Founder & CEO, CAREMESSAGE

“The Gathering is the single biggest

and highest quality set of

individuals that one could interact

with from an intellectual

perspective, and

from a partnership perspective.

It’s the cream of the crop of

people in the social sector.”

- RICHARD BARTH

CEO, KIPP

“When you join New Profit, you’re now immersed in a community and surrounded by leaders who are constantly asking themselves what does it mean to lead and scale an organization and drive maximum impact? This is unique; there are very few networks that I’ve encountered 25 years in this workthat bring that ability.”

DR. NADINE BURKE HARRIS, Founder & CEO, CENTER FOR YOUTH WELLNESS, presenting on efforts to transform pediatric healthcare to get

better outcomes for children who have experienced extreme adversity,

at the 2015 Gathering of Leaders.


Development



Review of Giving

New Profit continues to evolve its approach to engaging

and collaborating with philanthropic partners to drive

impact. During the past 18 months, we transitioned

away from a centralized development function, with

one team responsible for raising resources and

stewarding donors, and towards a structure that enables

development activity to be owned by the senior leaders

of each of our programmatic areas. With development

responsibility now shared among more people within the

organization, we can offer our donors the opportunity

to build meaningful relationships with more members of

our team and experience deeper dives into the content

areas that they are most passionate about, gaining

even greater access to and understanding of our core

business, strategies for impact, and our biggest, boldest

ideas for the future. This transition has also allowed us to

take a leap forward in our efforts to continue to build a

sustainable organization, one that can attract and retain

the resources it needs to pursue our mission.

In 2014, we raised $21M with an average gift size

of $523,000. Select highlights from this year and last

include a new partnership with the LEGO Foundation to

support New Profit’s Early Learning Fund, $3M raised

to support the Pathways Fund, securing lead gifts from

two families to launch our Reimagine School Systems

Fund, and a new investment from the Bill & Melinda

Gates Foundation (see page 15 for more detail). We also

welcomed several new families to our donor community

and continued deepening our relationships with our

long-time supporters.

We invite you to review the following list of our

philanthropic partners, as well as our milestones and

highlights on page 13, and consider joining our commu-

nity. Together, we can break down barriers to opportunity

and accelerate the pace of social change in our country.

Kind regards,

THE NEW PROFIT DEVELOPMENT TEAM

Greetings!THE NEW PROFIT DEVELOPMENT TEAM

KATHRYN PRICEManaging Partner,

Development Operations

DERREK L. SHULMANPartner,

Senior Philanthropic Advisor

TED MATWIJECSenior Associate,

Development Strategy

SHEEREN BELLINGHAUSEN Senior Associate,

Development

SAMANTHA WAITESenior Associate,

Development


Investors

Lance Forssocial venture partners international

Bill & Melinda Gates Foundation

Josh and Sarah Greenhill

Alan Hassenfeldthe hassenfeld foundation

M. Roch Hillenbrandthe hillenbrand family foundation

John S. and James L. Knight Foundation

Florence Koplow

Jonathan and Jeannie Lavinebain capital/sankaty advisors

Charles and Rebecca Ledley

LEGO Foundation

Matt and Renée Levinbain capital

Lindmor Foundation, Inc.

Lumina Foundation

Tobey Maguire Innovation Fund

Mannion Family Foundation

Henry and Allison McCance

Douglas and Audrey Millerinternational private equity limited

Kristin and Stephen Mugford

Oak Foundation

James and Kim Pallotta

Saul Pannell and Sally Currier

Peery Foundation

Sarah Peter

Poses Family Foundation

Anonymous (4)

Bank of America Charitable Foundation

Deb and Steve Barnesbain capital

Thomas C. Barry

Josh and Anita Bekensteinbain bapital

Bezos Family Foundation

Bloomberg Philanthropies

Blue Ridge Foundation New York

Bromley Charitable Trust

Michael and Lisa Bronner

Rick and Nonnie Burnes

Kevin and Julie Callaghanberkshire partners

Carnegie Corporation of New York

Randi and Larry Cohen Family Foundation

Howard P. Colhoun Family Foundation

Estate of Kathryn W. Davis

Doran Family Charitable Trust

Nancy C. and Dale Dougherty Foundation

Kate and Bill Duhamel

eBay Foundation

Paul and Sandy Edgerleybain capital

Michael and Barbara Eisensoncharlesbank capital partners

Marjorie M. Findlay and Geoffrey T. Freeman

Fisher-Cummings Family Fund

Geoffrey and Laura Rehnertaudax group

Elizabeth G. Riley and Daniel E. Smith

Robin Hood Foundation

Salesforce.org

Samberg Family Foundation

Maurice and Luly Samuels

Ronald Schrager and Wendy Hart

Jeffrey Shames

Edward and Barbara Shapiro

Alan and Susan Solomont

Brian and Stephanie Spector

Spencer Foundation

State Street Foundation

The Grossman Family Foundation

The Joyce Foundation

The Kresge Foundation

The David & Lucile Packard Foundation

The Reeder Foundation


The Peter and Elizabeth C. Tower Foundation

Lizzie and Jonathan M. Tisch

Tower Family Fund

Jeffrey C. and Suzanne C. Walker

Walmart Foundation

Wasserman Foundation

William Morris Endeavor


Supporters Partners

Mark and Carolyn Ain

Max Ash

Ned and Jill Bicks

Ben Borchardbottomline technologies

Pamela Cantor, M.D.

Dan and Robin Catlin

William Eggers

Stephen M. Jennings and Monica O’Neil

Max Nibert

Gregg Petersmeyer

Carolyn Volpe Cunningham

“My partnership with New Profit allows me to leverage my

giving for broader and deeper impact. I trust New Profit’s

leadership and expertise to select and scale great

organizations that open new opportunities for

American communities.”

“I need someone to figure out who are the right

entrepreneurs and what are the right ideas to invest in.

New Profit does an excellent job of that. I’ve witnessed

the return on my investment through measurable

outcomes.”

- DUNCAN M. McFARLANDTHE BROMLEY CHARITABLE TRUST

and Board Member, NEW PROFIT

- JOSH BEKENSTEIN

Managing Director, BAIN CAPITAL

and Board Chair, NEW PROFIT

“New Profit has introduced me to new and really

innovative organizations, and given me a way to help

support a wide variety of organizations that I’d

otherwise never have the opportunity

to discover or vet.”

- JONATHAN LAVINE

Managing Partner, Managing Director, Chief Investment Officer, SANKATY ADVISORS

“The return on investment from my contributions to

New Profit are very, very high... New Profit has got some of

the smartest thinkers that I’ve met on the problems and issues

of how we reform our education system, and how we make

it a more level playing field in this country. ”

- HENRY McCANCE

Chairman Emeritus, GREYLOCK PARTNERS

and Board Member, NEW PROFIT

Initial year of support: 1999


Monitor’s initial year of support: 1999Deloitte Consulting’s initial year of support: 2013



Partner in Focus: Deloitte

Groundbreaking collaboration on portfolio support and aligned action

During 2015 Pro Bono Week, Deloitte announced the renewal and expansion of its multi-million dollar collaboration with New Profit.

The expanded collaboration has two key elements: 1) Over the next three years, Deloitte will provide an additional $6.6 million in pro bono

services to New Profit and its portfolio organizations, as well as new initiatives outside of pro bono that engage the broader Deloitte population;

2) Deloitte and New Profit will collaborate to refine and advance New Profit’s ambitious new “Focus Fund” approach to creating social

innovation ecosystems and driving impact.

Deloitte’s pro bono support for New Profit and its grantees began over 15 years ago with the Monitor Group. When Deloitte acquired the

Monitor Group in 2013, the relationship expanded to include a broad range of strategic support, including growth strategy, impact modeling,

and financial sustainability. To date, Deloitte and New Profit’s investments have helped propel organizations like KIPP, The Mission Continues,

Year Up, Health Leads, and others towards national scale and greater results.

Case Study: College Possible

Deloitte Consulting and New Profit recently helped College

Possible, an organization which focuses on narrowing the

national college degree divide, develop a transformational

growth strategy that would enable it to reach dramatically

more students across the country. The three-month

engagement brought together the College Possible

leadership team to work through three phases:

• Aligning its vision and theory of change

• Designing a scalable programmatic model for

college completion

• Understanding the resulting organizational

and financial implications

Case Study: New Leaders

Deloitte and New Profit worked with New Leaders, which

develops transformational school leaders, to develop a plan

to reach an ambitious goal of preparing one million children

for success in college, careers, and citizenship. Combining

data analytics with powerful visualization tools, the team

cross-pollinated publicly available school district data with

New Leaders’ growth criteria (e.g. district size, demographics)

to define a target growth market and test expansion scenar-

ios. The insight generated is allowing New Leaders to make

more informed decisions as they execute their strategy.

To learn more about our collaboration with Deloitte, please visit www.newprofit.org/our-impact/impact-stories/deloitte/

“Our New Profit and Deloitte partners have helped us

chart a clear, ambitious path to growth that will

transform our organization, the national conversation

on the degree divide and— most importantly—the futures

of promising low-income students across the country.

We could never have achieved this level of clarity and

focus without their generous help.”

- JIM McCORKELL

Chief Executive Officer, COLLEGE POSSIBLE

DANA O’DONOVAN, a Director with Deloitte Consulting LLP and COO of Monitor

Institute, and ANNA MUOIO, Specialist Leader at Monitor Institute, with

MARC BRACKETT, Director of the Yale Center for Emotional Intelligence,

at the Reimagine Learning launch event in NYC on February 17, 2015.

(Photo Credit: Cindy Ord / Getty Images)


Financials



Financials

GAIL FRANCKChief Financial Officer

New Profit is in the midst of an exciting evolution of its

business model as it moves into a structure with multiple

Focus Funds.

Beginning in 2014 and continuing into 2015, New Profit

initiated or expanded three new Focus Funds. The onset

of this shift is reflected in the financial information

for 2014. For the year ended December 31, 2014,

New Profit had total Net Assets of $35.3 million,

a decrease of $5.8 million from the prior year.

Administrative expenses were 14% of total expenses

(excluding donated services).

New Profit’s audited financial statements and annual

tax returns are available on request.

Overview

GAIL FRANCK, who has wide ranging

executive experience in the nonprofit

and corporate sectors, joined New Profit’s staff

as Chief Financial Officer in March 2015.

As New Profit’s CFO, Gail Franck

is responsible for all of the organization’s finance,

accounting, and compliance activities.


New Profit, Inc. 2014 Financial Summary

REVENUE BREAKDOWN

Individuals and Family Foundations 11,213,578

Federal Government - Social Innovation Fund 4,999,851

Corporations and Foundations 8,144,000

Other 55,870

Deloitte In-Kind Services 1,820,000

Other In-Kind Services 299,925

Total Revenue: 26,533,224

EXPENSE BREAKDOWN

Grantmaking 16,121,975

Innovation Fund 2,789,093

Focus Funds 4,361,094

Field Leadership 2,354,149

Administration, Communications, and Fundraising 4,218,134

Deloitte In-Kind Services 1,820,000

Total Expenses: 31,664,445

2014 REVENUE

Individuals and FamilyFoundations

Other In-Kind Services1%Deloitte In-Kind Services

42%

7%

19%

31%

Federal Government -Social Innovation Fund

Corporationsand Foundations

2014 EXPENSES 51%

6%

13%

7%

14%

9%

Grantmaking

Deloitte In-Kind Services

Administration,Communications,and Fundraising

FieldLeadership

Focus Funds

Innovation Fund

CHANGES IN NET ASSETS (5,804,958)

ADMINISTRATIVE EXPENSES AS A PERCENTAGE OF TOTAL EXPENSES (excluding donated services) 14%


Portfolio Directory



Portfolio Directory

NEW PROFIT INNOVATION FUND

SOCIAL ENTREPRENEUR: JIM MCCORKELL

College Possible makes college admission and success possible for low-income students through an intensive curriculum of coaching and support.

College Possible

SOCIAL ENTREPRENEURS: EVAN STONE, SYDNEY MORRIS

Educators 4 Excellence works to ensure that the voices of classroom teachers are included in the decisions that affect our profession and our students.

Educators 4 Excellence

SOCIAL ENTREPRENEUR: MAURICIO LIM MILLER

The Family Independence Initiative is in the information business. They enable America to see the power and potential of low-income families, and enable families to come together, and access the resources they want to thrive.

Family Independence Initiative

SOCIAL ENTREPRENEUR: SAM COBBS

First Place helps foster youth build the skills they need to make a successful transition toself-sufficiency and responsible adulthood.

First Place for Youth

SOCIAL ENTREPRENEUR: CURT ELLIS

Together with communities, FoodCorps serves to connect kids to healthy food in school.

FoodCorps

SOCIAL ENTREPRENEUR: REBECCA ONIE

Health Leads envisions a healthcare system that addresses all patients’ basic resource needs as a standard part of quality care.

Health Leads

KIPPSOCIAL ENTREPRENEUR: RICHARD BARTH

KIPP’s mission is to create a respected, influential, and national network of public schools that are successful in helping students from educationally underserved communities develop the knowledge, skills, character and habits needed to succeed in college and the competitive world beyond.


Portfolio Directory

SOCIAL ENTREPRENEUR: KIRSTEN LODAL

LIFT’s mission is to help families achieve economic stability and well-being. LIFT is working to establish a new standard for holistic and enduring solutions in our country’s fight against poverty.

LIFT

SOCIAL ENTREPRENEUR: JOHN RICE

MLT equips high potential minorities with the winning playbook and personalized coaching that allows them to reach their full leadership potential and maximize their community impact. MLT works with over 500 new individuals per year through its core programs and provides career-long support for its community of over 4,000 Rising Leaders.

MLT

SOCIAL ENTREPRENEUR: JEAN DESRAVINES

New Leaders’ mission is to ensure high academic achievement for all children, especially students in poverty and students of color, by developing transformational school leaders and advancing the policies and practices that allow great leaders to succeed.

New Leaders

SOCIAL ENTREPRENEUR: LOUISE DAVIS LANGHEIER

Peer Health Exchange’s mission is to give teenagers the knowledge and skills they need to make healthy decisions. Peer Health Exchange does this by training college students to teach a comprehensive health curriculum in public high schools that lack health education.

Peer Health Exchange

SOCIAL ENTREPRENEUR: MOLLY BALDWIN

Roca’s mission is to disrupt the cycle of incarceration and poverty by helping young people transform their lives.

Roca, Inc.

SOCIAL ENTREPRENEURS: ERIC GREITENS, SPENCER KYMPTON

The Mission Continues empowers veterans facing the challenge of adjusting to life at home to find new missions. The Mission Continues redeploys veterans in their communities, so that their shared legacy will be one of action and service.

The Mission Continues

Third Sector Capital PartnersSOCIAL ENTREPRENEUR: GEORGE OVERHOLSER

Third Sector’s mission is to accelerate America’s transition to a performance-driven social sectorby making Pay for Success a reality in the United States.


Portfolio Directory

THE ACCELERATOR FUND

SOCIAL ENTREPRENEUR: JESSICA SAGER

All Our Kin trains, supports, and sustains community child care providers to ensure that children and families have the foundation they need to succeed in school and in life.

All Our Kin

SOCIAL ENTREPRENEUR: ALEXANDRA BERNADOTTE

Beyond 12’s mission is to dramatically increase the number of low-income, first-generation, and historically under-represented students who graduate from college.

Beyond 12

SOCIAL ENTREPRENEURS: T. MORGAN DIXON, VANESSA GARRISON

GirlTrek inspires and supports African American women and girls to live their healthiest, most fulfilled lives – simply by walking. Through grassroots organizing and social media campaigns, GirlTrek supports over 20,000 walkers, and inspires an ever-growing network of 175,000 supporters.

GirlTrek

SOCIAL ENTREPRENEUR: LISBETH SHEPHERD

Green City Force’s (GCF) mission is to break the cycle of poverty, preparing urban young adults to succeed in their chosen careers by engaging them in service, training and work experiences related to the clean energy economy. In doing so, GCF encourages them to lead socially and environmentally responsible lives.

Green City Force

SOCIAL ENTREPRENEUR: LEILA JANAH

Sama Group delivers enterprise digital services through a unique MIcrowork model that harnesses the untapped potential of the world’s poor. “Sama” means equal. Sama Group connects poor women and youth to training and employment in the digital economy.

Sama Group

SOCIAL ENTREPRENEUR: MAISHA MOSES

The Young People’s Project uses math literacy work to develop the abilities of elementary through high school students to succeed in school and in life, and in doing so involves them in efforts to eliminate institutional obstacles to their success.

The Young People’s Project

Acelero LearningSOCIAL ENTREPRENEURS: AARON LIEBERMAN, HENRY WILDE

Acelero Learning seeks to bring a relentless focus on positive child and family outcomes to close the achievement gap and build a better future for children, families, and communities served by the Head Startprogram.

EARLY LEARNING FUND


Portfolio Directory

SOCIAL ENTREPRENEUR: RICHARD NORIEGA

AVANCE is unlocking America’s potential by strengthening families in at-risk communities through effective parent education and support programs.

AVANCE

SOCIAL ENTREPRENEUR: NICOLE HURD

College Advising Corps works to increase the number of first-generation college going, low income, and/or underrepresented students who apply, enter, and complete college.

College Advising Corps

SOCIAL ENTREPRENEUR: JO SMITH

College Summit transforms the lives of low-income youth by connecting them to college and career.

College Summit

SOCIAL ENTREPRENEUR: MIKE O’BRIEN

iMentor builds mentoring relationships that empower students from low-income communities to graduate high school, succeed in college, and achieve their ambitions.

iMentor

SOCIAL ENTREPRENEUR: ELISABETH MASON

Single Stop harnesses America’s most effective anti-poverty tools to create economic mobility for low-income families and individuals.

Single Stop

SOCIAL ENTREPRENEUR: GERALD CHERTAVIAN

Year Up works to close the Opportunity Divide by providing urban young adults with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education.

Year Up

YouthBuildUSASOCIAL ENTREPRENEUR: DOROTHY STONEMAN

YouthBuild’s mission is to unleash the intelligence and positive energy of low-income youth to rebuild their communities and their lives, breaking the cycle of poverty with a commitment to work, educa-tion, community, and family.

PATHWAYS FUND


Portfolio Directory

REIMAGINE LEARNING FUND

SOCIAL ENTREPRENEUR: JOEL ROSE

New Classrooms believes that every learner is unique and deserves an education designed to meet their needs and abilities. Their mission is to enable personalized learning for every student every day.

New Classrooms Innovation Partners

SOCIAL ENTREPRENEUR: ELLEN MOIR

New Teacher Center is a national nonprofit dedicated to improving student learning by accelerating the effectiveness of new teachers and school leaders.

New Teacher Center

SOCIAL ENTREPRENEUR: ERIC DAWSON

Peace First is a national nonprofit organization that exists to create the next generation of peacemakers. Peace First views children as natural problem solvers and creative thinkers, and invest in their ability to see themselves as leaders.

Peace First

SOCIAL ENTREPRENEUR: DR. PAMELA CANTOR

Turnaround for Children strives to transform public education so that high-poverty schools across America are designed to confront the predictable and recurring challenges of poverty as they manifest inside schools.

Turnaround for Children

SOCIAL ENTREPRENEUR: MORA SEGAL

ANet works alongside school leadership teams to strengthen their school-wide practice and culture of using learning standards and achievement data to get breakthrough results for students in underserved communities.

ANet

SOCIAL ENTREPRENEUR: DAVID FLINK

Eye to Eye is building a youth-powered movement designed to combat the prevailing stigmas attached to learning differences, and to equip students with the tools and sense of personal efficacy they need to self-advocate.

Eye to Eye


Portfolio Directory

Stay tuned for more information in 2016.

LEARN TO EARN FUND AND CRIMINAL JUSTICE SYSTEM REFORM FUND

REIMAGINE SCHOOL SYSTEMS FUND

mEDUCATION

SOCIAL ENTREPRENEUR: STIG LESCHLY

Match Education envisions creating a transformed system of Pre-K through career education in America by being an “engine of discovery and applied innovation” that shocks the status quo by providing the evidence and roadmap for change.

Match Education

SOCIAL ENTREPRENEUR: MATT HAMMER

Innovate Public Schools’ mission is to build the parent and community demand for world-class public schools, and to accelerate the growth of these schools, particularly for low-income students and students of color.

Innovate Public Schools


NEW PROFIT I ANNUAL REPORT 2014 - 2015 ANNUAL REPORT 2014 - 2015 I NEW PROFIT

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ANNUAL REPORT 2014 - 2015

Written and Produced by New Profit

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Documents

2014-2015 New Profit Annual Report