New Venture Fund 2021 Impact Report

New Venture Fund 2021 Impact Report

November 2022

Sixteen years ago, New Venture Fund (NVF) was founded on the belief that the power of charitable organizations to do good was being needlessly limited by administrative burdens, organizational inefficiencies, and barriers to entry. NVF set out to change how nonprofit leaders and donors work and collaborate with the goal of maximizing the impact of every philanthropic investment. Today, this mission has been affirmed.

In 2021—for the second consecutive year—NVF’s revenue approached $1 billion. With more than 725 employees, NVF is working on some of the world’s biggest challenges, such as global health and poverty, conservation and safeguarding biodiversity, education, and civil rights.

This report is a look-back on NVF’s growth since its last report was published in 2019, including a focus on growth and impact through the end of 2021.

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New Venture Fund: Leveraging Fiscal Sponsorship for Racial Equity

June 2021

NVF has committed to an ongoing process of self-inquiry and action to center racial equity both within its organization and among its peers in the fiscal sponsorship community. As part of this process, NVF partnered with Provoc, a strategic communications agency that roots its work in racial equity, to explore the role NVF and other fiscal sponsors could play to support the work of constituent-led, grassroots groups advancing racial equity and justice.

The result of that inquiry, a report titled Leveraging Fiscal Sponsorship for Racial Equity, complements previous research and provides recommendations for how fiscal sponsors, both as individual organizations and as a field, might address the needs of grassroots groups by leveraging their assets, skills, resources, expertise, and networks. 

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New Venture Fund: Using Philanthropy to Shape a More Just, Equitable and Sustainable Future


In 2006, the New Venture Fund envisioned a new way to invest in social change leaders and their capacity to do the important work the world needs done today. At the end of 2019, we manage a charitable portfolio of more than $356 million across nine regions around the globe and have launched more than 500 projects and counting. 

This report is a five-year look-back that chronicles our evolving model and growth trajectory to get good ideas to market faster by building bridges between donors and those with the ideas and commitment to make lasting change.

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Reimagining Fiscal Sponsorship: Expanding the ways in which donors, nonprofits, and other social change actors can collaborate for change

May 2018

The New Venture Fund and the Tides Foundation co-authored this report about how an evolving model of comprehensive fiscal sponsorship gives funders and social change leaders the capacity to move more quickly toward desired outcomes. While fiscal sponsorship as it is traditionally understood may not seem like the obvious model for starting and scaling complex initiatives, platforms like the New Venture Fund and Tides serve as hubs of expertise that provide hosted projects with accordion capacity on which to draw in pursuit of their charitable goals.

Developing Early Childhood Leaders to Support Strong, Equitable Systems: A Review of the Early Childhood Education Leadership Development Landscape

April 2018

The New Venture Fund, with support from the David and Lucile Packard Foundation, commissioned Arabella Advisors to research, assess, and analyze leadership development in the formal Early Childhood Education (ECE) sector. The resulting report identifies barriers that limit the growth of leadership development programs; assesses the ramifications on the ECE system, children, and their families; and examines how effective leadership and long-term funding for leadership development are vital for the sector’s sustainability. 

The report also highlights criteria that funders should consider when assessing opportunities and their respective outcomes, and includes case studies of four programs effectively building leadership skills among ECE leaders.