EIN 20-5806345

New Venture Fund

IRS 501(c) type
501(c)(3)
Num. employees
964
Year formed
2006
Most recent tax filings
2023-12-01
Description
The New Venture Fund aims to help build a just, equitable, and sustainable future by providing the right types of philanthropic capital to individuals with the right ideas, at the right times and places. NVF supports capacity-building projects related to civic engagement, sustainability, economic opportunity, and quality of life. Additionally, it operates various youth development and education-focused projects in the US that focus on early learning in vulnerable populations, literacy, and improving education. Its headquarters are located in Washington D.C.
Total revenues
$669,088,461
2023
Total expenses
$894,839,728
2023
Total assets
$768,495,421
2023
Num. employees
964
2023

Program areas at New Venture Fund

New Venture Fund's (nvf) civil rights, social, action, and advocacy portfolio aims to protect human rights, social freedom, and equality while fostering public engagement on these important issues. Activities include grantmaking, communications, coordination among stakeholders, civic and media engagement, and public awareness campaigns.
Nvf operates a variety of youth development and education-focused projects. These projects work in a range of areas to support the development of youth and improvement of education in the u.s., such as early learning in vulnerable populations, literacy, connected learning, support to teachers and other educational professionals, and advocacy for effective teaching practices and education reform. Activities include grantmaking, convenings, and strategic communications support.
Nvf supports a variety of international development projects focused on improving the lives of millions globally through education, health, and economic opportunity. Activities include grantmaking, communications, coordination among stakeholders, and education efforts.
Capacity-building: nvf capacity-building projects support the capacity development of grantees on issues related to civic engagement, economic opportunity, sustainability, and quality of life.health: nvf health projects connect stakeholders (including academia, local communities, activists, and policymakers) to support a variety of policy, systems, environmental, and public education related initiatives that promote equitable opportunities for good health.environmental programs: nvf's environmental programs focus on a range of conservation, climate, and energy issues in the u.s. and abroad. These issues include ocean and river conservation, alternative energy resources and reduction of fossil fuels, protection of ocean life, wildlands conservation, ecological agriculture, and habitat restoration. Activities among these projects include grantmaking, communications, coordination among stakeholders, civic and media engagement, and public awareness campaigns.

Grants made by New Venture Fund

GranteeGrant descriptionAmount
Co-Impact Philanthropic FundsInternational Development and Foreign Affairs$206,163,272
Clean Slate InitativeCivil Rights, Social Action, Advocacy$36,527,910
Sixteen Thirty FundCivil Rights, Social Action, Advocacy$27,601,875
...and 776 more grants made totalling $478,916,468

Who funds New Venture Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$90,815,505
National Philanthropic TrustEnvironment, Animals$34,312,189
Bill & Melinda Gates FoundationAgricultural Development; Empower Women and Girls; Enteric and Diarrheal Diseases; Family Planning; Financial Services for the Poor; Global Health and Development Public Awareness and Analysis; Hiv; Malaria; Maternal, Neonatal and Child Health; Nutrition; Pneumonia; Research and Learning Opportunities; Tobacco Control; Tuberculosis; Vaccine Delivery; Water, Sanitation and Hygiene$15,550,000
...and 702 more grants received totalling $532,736,174

Personnel at New Venture Fund

NameTitleCompensation
Kathleen FlynnChief Operating Officer
Shannon ScottChief Financial Officer Effective 6 and 2020$314,900
Lessie AskewChief People Officer
Lee BodnerPresident$353,900
Fran SeegullProject Director$436,909
...and 9 more key personnel

Financials for New Venture Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$622,770,243
Program services$17,261,720
Investment income and dividends$23,914,752
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,992,844
Net income from fundraising events$-67,658
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,216,560
Total revenues$669,088,461

Form 990s for New Venture Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990View PDF
2022-122023-11-10990View PDF
2021-122022-11-09990View PDF
2020-122021-11-12990View PDF
2019-122021-04-05990View PDF
...and 12 more Form 990s
Data update history
November 26, 2024
Received grants
Identified 58 new grant, including a grant for $7,000,000 from Blue Meridian Partners
August 10, 2024
Received grants
Identified 83 new grant, including a grant for $3,733,632 from The Susan Thompson Buffett Foundation
May 19, 2024
Received grants
Identified 31 new grant, including a grant for $7,220,000 from Jewish Communal Fund
January 29, 2024
Updated personnel
Identified 1 new personnel
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsCorporate foundationsEnvironmental organizationsHeadquarter / parent organizationsCharities
Issues
EnvironmentPublic policy
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1828 L St NW 300-a
Washington, DC 20036
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
newventurefund.org/ 
Phone
(202) 595-1061
Twitter profile
@nvfund 
IRS details
EIN
20-5806345
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C05: Environment Research Institutes and Public Policy Analysis
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0169362
FTB Entity ID
3402617
AB 488 data last updated ("as-of") date
2024-12-31
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