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Organization Name: New Profit

Focus Area: Adult Learners
Region: United States
Sector: Non-Profit
Investment Year: 2020
New Profit is a venture philanthropy organization that backs breakthrough social entrepreneurs who are advancing equity and opportunity in the US. Its strategy focuses on: addressing systemic challenges in America, particularly by driving resources and support to Black, Indigenous, and Latino/a/x social entrepreneurs; investing in social entrepreneurs with new systems change models; and creating jobs and opportunity by funding Future of Work innovation.

Why We Invested

We invested in the Future of Work Grand Challenge, a cross-sector, equity-focused prize competition effort that aims to rapidly re-skill 25,000 displaced workers into higher wage jobs in the next 24 months and equip influential workforce boards with vetted tools to support the wave of displaced workers in six months. Investing in this prize competition is an opportunity for Imaginable Futures to imagine new types of student parent solutions that provide credentials for student parents, while they are training for new roles.

No matter how you look at it, the future of work is now. In launching this Grand Challenge, we have a rare opportunity to accelerate solutions which are built by diverse teams and work for the communities most impacted by centuries of unfair policies and practices.
Dr. Angela Jackson, Managing Partner, Future of Work at New Profit