Through this experience, she came to understand that the nonprofit sector lacks sufficient access to second-stage growth capital, locking social entrepreneurs and their funders into a start-up phase mentality.
She determined that in order for social entrepreneurs to have the greatest possible impact, they needed access to financial resources that could allow them to sustain and grow their program models.
New Profit provides grants to organizations that address issues in education, workforce development, public health, or poverty alleviation through its portfolio.
The strategic support each nonprofit receives assumes a variety of forms, from refining the organizations’ social change model and helping find talent, to developing and coaching the board.
In addition, New Profit also offers strategic growth planning and executive coaching for the social entrepreneur, and connects each nonprofit with pro-bono consulting services from Monitor Group.