New Profit is a nonprofit venture philanthropy organization that backs breakthrough social entrepreneurs who are advancing equity and opportunity in America.   

New Profit's investment strategy focuses on building a breakthrough portfolio to take on entrenched systemic challenges in America, particularly by driving resources and support to Black, Indigenous, and Latino/a/x social entrepreneurs who have unique proximity to solutions, but face stark racial funding disparities in philanthropy; investing in social entrepreneurs with new systems change models across a range of issues; and creating jobs and opportunity by funding Future of Work innovation.

To rebuild the economy and create a future of work that works for everyone, New Profit’s $6 million Future of Work Grand Challenge, powered by XPRIZE and MIT Solve, will rapidly reskill 25,000 displaced workers into living-wage jobs in the next 24 months, equip influential workforce boards with vetted tools to support the wave of displaced workers in six months, and achieve broader systemic change to help prepare 12 million Americans from underinvested communities for workforce success by 2025.

New Profit’s Future of Work Initiative is funded by Strada Education Network and the Walmart Foundation.