New Profit 20th Anniversary Annual Report

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2 0 TH A N N I V E R S A R Y A N N U A L R E P O R T 2018

What Makes Us...

Ready. Different. Community. Break Through.

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is a pioneering venture philanthropy organization (501c3).

We back a portfolio of breakthrough social entrepreneurs who are taking on America's toughest, most entrenched challenges.

In partnership with a national network of philanthropists, we provide social entrepreneurs with unrestricted grants and strategic support to help them build high-impact organizations.

We also strengthen the ecosystem that surrounds our grantee-partners to help them thrive, and invest in new social innovations aimed at driving widespread change.

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CONTENTS

What Makes Us...

Ready

LETTER FROM VANESSA KIRSCH, FOUNDER AND CEO, NEW PROFIT ____ 04 THE LEADERS WE BACK ____ 06 OUR 2018 PORTFOLIO ____ 10

Different

WHAT MAKES NEW PROFIT DIFFERENT ____ 14 THE VENTURE PHILANTHROPY MODEL WE HAVE BUILT ____ 15 THE WAY WE THINK ABOUT WIDESPREAD CHANGE ____ 17 HOW WE ARE STRENGTHENING OUR SECTOR ____ 20 THE IMPACT WE SEEK ____ 24

Community

BOARD OF DIRECTORS ____ 28 LEADERSHIP ____ 30 DONOR ROLL ____ 32 FINANCIALS ____ 34

Break Through

20 LEADERS ON OUR SHARED FUTURE ____ 40

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What Makes Us...

Ready.

A Letter from Our Founder and a Look at the Leaders We Back

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“There is no ‘them’ and there is only us.”

‘us,’

— Father Greg Boyle, FOUNDER OF HOMEBOY INDUSTRIES

We have to be ready because, I believe, the biggest responsibility for bringing people in America together lies with us in the social sector for two main reasons.

One I’ll share here and one at the end of this letter.

First, we are the ones who can see up close a growing number

through and bring a new era of equitable opportunity in

of voices calling for change in communities across our coun-

America.

try right now. From parents advocating for better education

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and students stepping up as agents of change in their schools,

That’s the urgency I feel about our work right now,

to a fresh wave of civic entrepreneurs igniting communi-

and I felt it from a lot of you over the past year. For our

ty efforts to tackle local and national issues, we are seeing a

20th anniversary, we gave ourselves the rare gift of

new level of engagement and energy around social problem-

time to deeply reflect on the path we’ve been down and

solving. New activism and passion are surfacing, propelling

what we’ve learned as a community over two decades.

us towards a new America—one that is more inclusive and

We convened as a team; interviewed philanthropists,

kind. I know that feels a long way from where we stand right

social entrepreneurs, and others across our network;

now, but we see that some of America’s systemic barriers to

and held the 14th annual Gathering of Leaders in

opportunity are starting to show cracks, no matter how small.

Boston with 350 inspirational leaders from across the

The idealistic, determined leaders of today need fuel to break

country.

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It was incredibly energizing for me, for all of us, to connect

That brings me to the second point about the social

and reconnect with so many of the "fearless ones"—the type

sector’s responsibility to lead the way forward. We can

of leaders who make up our community. You helped us recap-

see clearly that the rising generations undoubtedly have

ture our spirit and our values, helping to guide and shape our

the passion and talent to transform America, and now

future vision and our strategy to get there.

is the moment where we have to start making long-term investments in their brilliance.

There were some thought-provoking moments, too.

I joined a bipartisan discussion that started with a Repub-

My friend Yordanos Eyoel, a partner and rising leader

lican commentator sharing anecdotes from some of the

at New Profit, put the stakes into perspective in a piece

bitter and angry political conversations he had been a part

she wrote for the Stanford Social Innovation Review

of recently. He recounted a peculiar pattern that played out

recently:

near the end of almost all of these conversations. People who had spent hours in tough conflict would embrace each other

“As long as we continue to look at our country’s crisis of

and commit to continuing talking to each other, determined

trust from the lens of 20th-century institutions and fail

to figure out how to work together on issues facing them on

to recognize the need for a system reboot informed by a

the ground in their communities.

new generation, we will deepen the chasms that threaten our democracy and alienate the very people that have the

This is the empathy that we have to strive for in order to get through this moment and build on the progress we have all made together. But we also have to acknowledge that empathy is not enough. We have to get uncomfortable confronting the deep roots of inequality and the bias that feeds it. We have to challenge ourselves honestly about our role in combating it and perpetuating it. We have to open our eyes wider to help lift up the totality of talent in America, particularly within the communities we all aim to serve.

power to redeem it.”

-Public Trust Reboot, Unleashing the Millennial Civic Spirit STANFORD SOCIAL INNOVATION REVIEW 8.14.18

I hope you will join us in catalyzing the next generation of the “fearless ones” who lead us toward a more equitable and opportunity-filled future.

Vanessa Kirsch FOUNDER AND CEO, NEW PROFIT

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The Leaders We Back

2018 Highlights

What if the most visionary social impact leaders had nothing standing in their way? That’s the question that drives us day to day and year to year. We are fueled by the sense of possibility it leaves with us, and by seeds of transformative change we know are taking root in

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current grantee-partners

signature investments (four+ years)

America.

In 2018, we welcomed a dynamic new group of social entrepreneurs and other leaders into the New Profit community, providing them with unrestricted grants and strategic and operational support to help them dramatically increase their impact. We also strengthened

25 accelerator or one-year investments

our collaboration with longer-term grantee-partners.

Personalized Learning Initiative In 2018, we ran the first full year of our four-year Personalized Learning Initiative, which supports a cohort of seven organizations with promising new approaches that give students more agency in their learning journey and provide teachers with tools to more effectively tailor classroom instruction to meet the unique needs of each student. Throughout the year, we engaged the CEOs of each

Grantee-partners served

3.9M

people across 39 states in 2017

“What’s new is that educators are

seeking to provide personalization broadly and consistently to children… [and we’re bringing] our ability to think about and build capacity for scale.”

organization in a learning community to share insights gained from applying different models and practices in personalized learning to accelerate the overall development of the field. The initiative is supported by the first collaborative grant from the Bill & Melinda Gates Foundation and the Chan Zuckerberg Initiative.

PERSONALIZED LEARNING COHORT

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— Trevor Brown PARTNER, NEW PROFIT

(from How Educators, Philanthropists, and Investors Are Revolutionizing Education, Barron’s, 9.22.18)

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Unlocked Futures Accelerator In 2018, we supported the first group of eight social entrepreneurs in our Unlocked Futures accelerator, a one-year program designed to catalyze the growth and impact of organizations started by entrepreneurs who have been directly impacted by the criminal justice system. The initiative is done in partnership with Grammy-winner and activist John Legend’s FREEAMERICA, and was launched with support from Bank of America.

“For entrepreneurs (like the ones in Unlocked Futures) who

are often overextended and underresourced, who are often isolated, who rarely have a place where they can talk openly about what they're up against—the power of creating a community that is a counterweight to that isolation can’t be overstated.”

— Tulaine Montgomery MANAGING PARTNER, NEW PROFIT

in Fast Company, 12.5.17

2018 Grantee-Partner Highlights • Achievement Network (ANet) launched a Breakthrough Results Fund to support five demographically diverse school districts build data-driven cultures and implement structures, practices, and tools that lead to improved student outcomes.

• Innovate Public Schools, which works to build parent and community demand for world-class public schools in underserved communities, deepened their impact in the Bay Area with sites in East Palo Alto, Redwood City, San Jose, and recently, San Francisco, and is launching expansion efforts in Los Angeles.

• FoodCorps, which connects kids to healthy food in school through a program delivered by AmeriCorps leaders, launched a partnership with the Urban School Food Alliance, a coalition of the nation’s 11 largest urban school districts.

• Several of New Profit’s portfolio organizations have brought on new CEOs this year, and New Profit has been deeply partnering with the former and current CEOs and their teams to ensure successful transitions. New Teacher Center (NTC) announced Desmond Blackburn as its new CEO, Turnaround for Children named Brigid Ahern as new President and CEO, Match Education has welcomed Nnenna Ude as its next CEO, Chong-Hao Fu was named the new CEO of Leading Educators, LIFT welcomed Michelle Rhone-Collins as its next CEO, and Health Leads brought on Alex Quinn as its new CEO.

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The Leaders We Back

20-Year Retrospective

“The business world

of the 1990s was increasingly dynamic. Entrepreneurs could

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turn an idea on paper into a major

grantee-partners supported since 1998

The investing strategies that made

company in just a few short years.

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signature investments (four+ years)

accelerator or one-year investments

this possible were hardly a secret: Venture capital firms provided start-ups with large chunks of unrestricted cash, along with other kinds of support like management

$250M in capacity building support provided for grantee-partners

assistance and access to their networks. They placed huge trust in entrepreneurs chasing a dream— while also insisting on metrics and

10M+ lives touched by the organizations New Profit has supported

accountability.

The idea behind New Profit was simple: To use these same strategies to help social entrepreneurs actualize bold schemes to improve the world.”

— David Callahan FOUNDER AND EDITOR, INSIDE PHILANTHROPY

(from Build Capital. Inside the World of Venture Philanthropy, Inside Philanthropy, 9.11.18)

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Former Signature Grants ACHIEVEMENT FIRST AVANCE BELL BUILD

BELL has created a comprehensive solution that school districts use to design, deliver, and measure evidence-based summer and research-based afterschool learning experiences, which have benefited over 150,000 students nationwide.

CITIZEN SCHOOLS CITY CONNECTS CITY YEAR COLLEGE ADVISING CORPS COLLEGE POSSIBLE EDUCATORS FOR EXCELLENCE EYE TO EYE FREELANCERS UNION FIRST PLACE FOR YOUTH GENESYS WORKS GIRLS FOR A CHANGE

is a growing movement of

HEALTH LEADS

more than 30,000 educators who

IMENTOR

are advocating for the policies that

JUMPSTART

impact their students and profession,

KICKSTART

with chapters in Boston, Chicago,

KIDS VOTING USA KIPP

Jumpstart has trained more than 45,000 college students and community volunteers as early learning educators, preparing nearly 100,000 children for kindergarten success.

Educators for Excellence

Connecticut, Los Angeles, Minnesota, and New York.

NEW CLASSROOMS NEW LEADERS PEACE FIRST PEERFORWARD PEER HEALTH EXCHANGE RARE RIGHT TO PLAY SINGLE STOP STAND FOR CHILDREN TEACH FOR ALL TEACH FOR AMERICA THE MISSION CONTINUES UPWARDLY GLOBAL

PeerForward, formerly known as College Summit, has leveraged the power of positive peer influence to drive over 350,000 students to college.

YEAR UP YOUTHBUILD USA

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Our 2018 Portfolio

Signature Grants

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One-Year Grants ABRIENDO PUERTAS/OPENING DOORS ALIENTO BLACK TEACHER COLLABORATIVE CAMELBACK VENTURES CAST CLEAN DECISIONS DETROIT JUSTICE CENTER THE EARLY LEARNING LAB EDUCATION CITIES EYE TO EYE FAITHACTS FOR EDUCATION FLIKSHOP GO PUBLIC SCHOOLS THE LADIES OF HOPE MINISTRIES (LOHM) LEARNING LANDSCAPES LIFTED MINDRIGHT MISSION: LAUNCH MORTAR MOTHERS FOR JUSTICE AND EQUALITY NATIONAL CENTER FOR LEARNING DISABILITIES NATIONAL CENTER FOR SPECIAL EDUCATION IN CHARTER SCHOOLS NEW POLITICS OBODO OUR VOICE NUESTRA VOZ PAVE PRISON SCHOLAR FUND P.S. 305 REENTRY CAMPUS PROGRAM RISE COLORADO STATION1 SURGE INSTITUTE THINK OF US UMASS BOSTON YOUTHBUILD USA

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What Makes Us...

Different.

Our Model, Mindset, and Impact

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What Makes New Profit Different?

Part of what makes New Profit different is the way we work to surround our portfolio of social entrepreneurs with wraparound support and a community that can help them thrive, both individually and collectively. We are building an ecosystem where social entrepreneurs can work with leaders from other organizations and sectors to advance not only their organizations' missions, but their collective goals focused on expanding opportunity in America.

This work—from America Forward's policy engagement across the country to the Gathering of Leaders and our work on diversity, equity, and inclusion—is geared towards removing barriers that often hold disruptive social problemsolving back, while also creating an energetic atmosphere of

Community-Led Policy

America Forward, New Profit’s nonpartisan policy arm, gathered education experts for a panel on trauma-informed education policy and practice at SXSW EDU 2018 that discussed educator and community-led efforts to bridge research and practice into responsive public policy that supports the spread of trauma-informed learning environments.

community and collective responsibility that is necessary to fuel these tough, long-term efforts to drive big impact.

In addition, we research, develop, and incubate new ideas with social entrepreneurs that can fill gaps in philanthropy or show a new path to large-scale change.

Relationships are fundamentally what make this possible, and we put a high premium on creating trusting collaboration with everyone in our community. For our social entrepreneur partners, it means that we fund and think and build for the long-term with them, which is not the norm in philanthropy and our quick satisfaction world.

For our donors, it means a deeper level of engagement that

Advancing System Entrepreneurship At the 2018 Gathering of Leaders, Kim Syman of New Profit, Gerry Roll of the Foundation for Appalachian Kentucky, Sam Cobbs of the Tipping Point Community, and Rebecca Onie of the Health Initiative discussed how we can support entrepreneurs who are tackling the conditions that hold social problems in place.

includes our executive in residence program, opportunities to provide coaching support for New Profit and our social entrepreneurs, and a wide range of other activities where their insights and experience can help us drive impact.

Tim O'Reilly (Founder, O'Reilly Media; Author, WTF? What's the

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Future and Why It's Up to Us) facilitated a conversation on the "next economy" and what it could look like with Byron Auguste (Co-Founder & CEO, Opportunity@Work), John B. King Jr. (President & CEO, The Education Trust; former Secretary of Education), and Palak Shah (Social Innovations Director, National Domestic Workers Alliance).

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The Venture Philanthropy Model We Have Built What does our model of support look like?

STRONG FOCUS ON OUTCOMES In-House Monitoring and Evaluation Expertise

RIGOROUS INVESTMENT SELECTION Industry-Leading Investment Selection and Due Diligence Process

ECOSYSTEM BUILDING OPPORTUNITIES

GROWTH CAPITAL

Policy Advocacy, Convenings, Communications, and Field Building

Unrestricted, Multi-Year Philanthropic Grants SOCIAL ENTREPRENEURS & OTHER VISIONARY LEADERS

COMMUNITY ENGAGEMENT With a Cross-Sector Network of Entrepreneurial Leaders

FORTUNE 500-CALIBER STRATEGY SUPPORT From New Profit in Partnership with Deloitte

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The Venture Philanthropy Model We Have Built New Profit and Deloitte Collaboration Our team draws on deep, cross-sector experience to provide strategy and operational support to our grantee-partners, with an aim of helping them expand their impact and transform more lives for the better. Our senior leaders take a seat on the board of our grantee-partner organizations, spending an average of 365 hours per year offering and leveraging support in areas including organizational strategy, board and leadership team development, financial sustainability, monitoring and evaluation, and policy.

This support is supplemented by dedicated consulting teams from Deloitte Consulting LLP, and in 2018, Deloitte announced a three-year extension of our pro bono collaboration. Since 2013, Deloitte and New Profit have worked together to build the capacity of 37 high-impact organizations that collectively reach millions of people across America.

In 2018, we collaborated with Deloitte on strategy projects for five grantee-partners including: Big Picture Learning, Leading Educators, Management Leadership for Tomorrow, Family Independence Initiative, and Valor Collegiate Academies.

Deloitte was also a sponsor of the 2018 Gathering of Leaders, New Profit's annual convening that brings together social entrepreneurs, philanthropists, and other social innovators to forge connections, spark ideas, align strategies, and shape initiatives. Dialogue at the Gathering focused on the imperative of diversifying leadership in the social impact sector, investing in new models and approaches to taking on systemic challenges, and the social impact sector’s urgent need to acknowledge and engage with the implications of disruptive trends like artificial intelligence, cognitive computing, the shifting structure of our workforce and economy, and others that are transforming our world and our work.

Steve Hatfield (Future of Work Market Leader, Deloitte Consulting

LLP) gave an electrifying presentation on the seven disruptive trends that are fundamentally changing our lives, our economy, and our future— from technology, automation, and AI to diversity and generational change.

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Sam Silvers

(U.S. Leader of Markets and Relationships, Deloitte Consulting LLP) announced Deloitte’s renewal and expansion of its social impact collaboration with New Profit to provide pro bono strategic support to our grantee-partners and to explore opportunities to help equip the social sector to prepare for and shape the future of work.

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The Way We Think About Widespread Change Supporting the work of social entrepreneurs to scale innovative programs leads to positive impacts for many people.

But growing great programs by itself is rarely enough to achieve sustained, widespread impact—social change at the scale of the challenges themselves. Program innovations are only one piece of a complex system—like an education system or a healthcare system—that doesn’t automatically reconfigure to create better results just because an innovative program shows what’s possible. Instead, large-scale, sustained change takes shifting other aspects of a problem, like policies and regulations, resource flows, and even the power dynamics, beliefs, and values that shape what a given system is designed to accomplish.

In a variety of ways, social entrepreneurs are taking on these challenges as well.

In 2018, our focus on driving widespread change led to exciting results and new initiatives:

Reimagine Learning We celebrated five years of our Reimagine Learning initiative, which supports communities and schools to create teaching and learning environments that unleash creativity and potential in ALL students—especially those who have been systematically underserved— enabling them to realize academic and life success.

Highlights of the initiative include: An all-social entrepreneur panel at the Gathering of Leaders led a dialogue about the mindsets, methods, and bold action that leaders will need to take to navigate the future of work and its impact on the social sector. The panel featured Gerald Chertavian (Founder & CEO, Year Up), Wendy Kopp (Co-Founder & CEO, Teach For All), Laura Weidman Powers (Co-Founder, Code2040), and John Rice (Founder & CEO, Management Leadership for Tomorrow).

• Aggregation of $37M to invest in 24 high-potential K-12 education nonprofits to help them scale their innovations that advance personalized learning, whole child development, and student agency to serve over 7 million students nationwide.

• Engagement of 40+ education organizations in the Reimagine Learning Policy Work Group, which successfully advocated for a set of policy priorities throughout the Every Student Succeeds Act (ESSA) regulatory process, including competency-based assessment pilots and broader provisions advancing personalized learning, equity, and access.

• Creation and engagement of a cross-sector network of over 600 education leaders representing over 200 organizations, leading to over 300 partnerships

Youth As Designers of the Future of Learning

Members of YouthBuild USA’s Young Leaders Council led an interactive discussion at a Reimagine Learning convening about their vision for how youth can and should be at the center of the education reform movement.

launching between network organizations.

• Launch of strategic collaborations with eight school districts in Essex County, Massachusetts aimed at better serving the diverse needs of all learners.

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The Way We Think About Widespread Change New Reimagine Learning Investments In 2018, our Reimagine Learning initiative made one-year investments in six breakthrough organizations who together will make meaningful gains for the 1 in 5 students with learning and attention issues across the U.S. The six organizations each create and advance solutions to better meet the needs of millions of students who are not being served well by traditional learning approaches and school models.

2018-19 REIMAGINE LEARNING GRANTEE-PARTNERS

Benefiting the 1 in 5 students with learning or attention issues

System Entrepreneurship Building on New Profit's on-the-ground experience working to influence systems in education and beyond and our Board Chair Jeff Walker's thought leadership on how entrepreneurs can more effectively target large-scale change in the systems within which they work, in 2018 we launched a "system entrepreneurship" initiative.

The initiative will invest in leaders and new models aiming to shift the conditions that hold key social problems in place and help define a new field of practice. The initiative is co-led by New Profit Managing Partners Kim

Syman and Tulaine Montgomery, and Executive in Residence John Kania, a preeminent nonprofit and corporate consultant and author of highly regarded books and articles on social change. The group intends to make its first grants in 2019.

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America Forward at 10 Years Ten years ago, at the first Gathering of Leaders, former White House advisor David Gergen issued a transformative call to action to the small group of social entrepreneurs, philanthropists, and other social sector leaders participating. By failing to shape the policy frameworks that set the direction for the hundreds of billions of dollars of public funding for education and human services, he said, social entrepreneurs were cutting off the critical path to large-scale change.

From that bold call to align, advocate, and act, America Forward, New Profit’s nonpartisan policy initiative, was born. Today, America Forward represents a group of over 70 innovative and results-driven organizations operating in 14,500 communities across the country, working with policymakers on both sides of the aisle to ensure that taxpayer dollars are put to better use and that innovation and results are key elements of education, workforce development, and evidence-based policy. Since 2007, America Forward has helped secure $1.7 billion in federal funding for social innovation through successful advocacy efforts.

Highlights Include: •

2007: America Forward launches.

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2008: America Forward engages with nearly all the Presidential candidates in the 2008 campaign to urge more engagement with social entrepreneurs and more effective use of taxpayer funding for social service.

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2009: The Social Innovation Fund at the Corporation for National and Community Service is created with $1 billion to support evidence-backed, high-impact social innovation programs. The White House Office of Social Innovation and Community Partnership also launches to coordinate social innovation efforts across government.

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2010: Corporation for National and Community Service awards first Social Innovation Fund grants, including to New Profit’s Pathways Fund (College Advising Corps, iMentor, PeerForward, Single Stop USA, Year Up, and YouthBuild USA).

•

2012: Department of Labor’s allocation of $25 million for innovative workforce development programs helps spur Pay for Success movement.

•

2014: Workforce Innovation and Opportunity Act and, separately, Social Innovation Fund reauthorization include nearly $700 million to catalyze Pay for Success projects.

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2015: The Every Student Succeeds Act (ESSA), America’s major education authorizing legislation, passes with new provisions to drive competency-based assessment, personalized learning, and social emotional learning advances across the system.

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2016: The Evidence-Based Policymaking Commission Act passes, a strong step towards wider use of data to identify if taxpayer -funded social service programs are working. Throughout the election cycle, America Forward engages with all the 2016 Presidential candidates to share effective solutions to our nation’s biggest social challenges.

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2018: America Forward champions evidence-based policy and “Pay for Success” provisions in the Social Impact Partnerships to Pay for Results Act (SIPPRA), part of the bipartisan Budget Act of 2018, that opens up nearly $100 million for new performance-based social program contracting at the local level. The newly passed bipartisan Strengthening Career and Technical Education for the 21st Century Act also promotes innovation, focuses on results, and increases collaboration between career and technical education and the private and nonprofit sectors.

Learn more at www.americaforward.org 21

How We Are Strenghtening Our Sector

BLACK AND LATINO INDIVIDUALS COMPRISE

30%

OF THE UNITED STATES POPULATION,

BUT ONLY...

10%

OF THE TOTAL GRANTS AND CONTRIBUTIONS IN THE SOCIAL SECTOR TODAY, ORGANIZATIONS LED BY PEOPLE OF COLOR RECEIVE ONLY AN ESTIMATED...

OF NONPROFIT ORGANIZATIONS’ EXECUTIVE LEADERSHIP AND...

7%

4%

OF FOUNDATIONS’ EXECUTIVE LEADERSHIP

AT NEW PROFIT...

41%

37%

41% OF THE ORGANIZATIONS

8 OF 21 CURRENT SIGNATURE

17 OF 25 CURRENT

37% OF OUR STAFF

WE SUPPORT ARE LED

GRANTEE-PARTNERS ARE LED

ACCELERATOR/ONE-YEAR

ARE PEOPLE OF COLOR

BY PEOPLE OF COLOR

BY PEOPLE OF COLOR

GRANTEE-PARTNERS ARE LED

BY PEOPLE OF COLOR

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Diversity, Equity, and Inclusion (DEI) Like many others, the social sector—individual and

Breakthrough change happens when these leaders who

institutional philanthropists, nonprofits, social

leverage the power of proximity are involved in creating

enterprises, and policy and industry experts—lacks

solutions that are responsive to and reflective of the

diversity of leadership. But this reality is particularly

communities they are designed for.

problematic for social sector organizations focused on helping people of color who are struggling to overcome systemic barriers to opportunity in America.

By systematically overlooking and under-capitalizing leaders of color, we’re missing out on the insights, ideas, and credibility of the entrepreneurs and innovators with the deepest experiences in the communities many in the sector aim to serve and support. Their deep understanding of a community’s challenges and assets mean their brilliance will generate solutions others can’t.

Of all that we believe must change to unleash the strength of our sector (and beyond), the bridging of these gaps in ideas, talent, resources, and power is most fundamental.

New Profit is acting to disrupt this status quo by changing the conditions that prevent these gaps from being bridged. Our unfolding DEI strategy has interrelated components that include both organizational activities and efforts that are needed to strengthen the sector’s ability to support leaders of color.

DEI Strategy Components: •

Facilitating internal dialogue, training, and culture building work with support from Promise54, a leading firm focused on DEI and organizational development

•

Evolving our grantee-partner selection, due diligence, and capacity building approaches to prioritize DEI

•

Increasing investment capital grants and robust leadership development support for diverse leaders

•

Learning as we develop a national network of strategic philanthropists of color to support social entrepreneurs of color

•

Engaging with other social impact sector leaders, through convenings and other activities, to create a more inclusive culture in our community

•

Transforming how diversity data is collected and analyzed

Learning and Pushing Together At the 2018 Gathering of

Leaders, we engaged our community in a conversation on how we can open up new opportunities for a more diverse set of leaders to thrive in the social sector. Stephanie Dodson (Managing Director, Draper Richards Kaplan Foundation), Aaron Walker (Founder & CEO, Camelback Ventures), and Adam Foss (Executive Director, Prosector Impact) reflected on the current state of affairs in the social sector when it comes to capitalizing diverse leaders and organizations, and shared their insights for how we can improve as a sector to ensure a more equitable future.

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To date, the most developed aspect of our DEI vision in our work has been through our Accelerator program, which provides unrestricted funding and support to cohorts of entrepreneurs from underrepresented communities over one year.

Unlocked Futures Supporting social entrepreneurs who have been directly impacted by the criminal justice system

Will Avila

Amanda Alexander

Marcus Bullock

Topeka K. Sam

CLEAN DECISIONS

DETROIT JUSTICE CENTER

FLIKSHOP

THE LADIES OF HOPE MINISTRIES

Teresa Hodge

Jason Cleaveland

Dirk Van Velzen

James Monteiro

MISSION: LAUNCH

OBODO

PRISON SCHOLAR FUND

REENTRY CAMPUS PROGRAM

Proximity Accelerator Supporting social entrepreneurs of color who are working in education, workforce development, and other areas 2017-18 Cohort

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Sandra Gutierrez

Hiewet Senghor

Aaron Walker

Jamilah Prince-Stewart

ABRIENDO PUERTAS / OPENING DOORS

THE BLACK TEACHER COLLABORATIVE

CAMELBACK VENTURES

FAITHACTS FOR EDUCATION

Diego Arambula

Monalisa Smith

Veronica Palmer

Carmita Semaan

GO PUBLIC SCHOOLS

MOTHERS FOR JUSTICE AND EQUALITY

RISE COLORADO

SURGE INSTITUTE

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Proximity Accelerator 2018-19 Cohort

Reyna Montoya

Ashley Edwards

Allen Woods

Mary Moran

ALIENTO

MINDRIGHT

MORTAR

OUR VOICE NUESTRA VOZ

Maya Martin

Yannell Selman

Christine Ortiz

Sixto Cancel

PAVE

P.S. 305

STATION1

THINK OF US

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The Impact We Seek Portfolio Impact We prioritize evaluation and evidence-building in our work with grantee-partners because it is a critical step toward two of our biggest long-term goals: learning to improve impact and redirecting resources towards higher-impact, outcome-driven organizations and initiatives. Here are some highlights from New Profit’s and several of our grantee-partners’ recent evaluation efforts:

Growth & Sustainability •

87% of signature grantee-partners reported growth in their annual budgets throughout their entire New Profit investment period, with 40% reporting more than 20% growth

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Over 50% of signature grantee-partners crossed the $10M annual budget threshold and 15% crossed the $20M annual budget threshold

Organizational Reach •

28% average increase of beneficiaries served while in the New Profit portfolio

•

86% of signature grantee-partners reported growth in their geographic footprint while in the New Profit portfolio

Evidence-Building We provide measurement and evaluation support to help grantee-partners build their evaluation rigor and evidence base for their programs. 77% of our signature grantee-partners have high-to moderate-rigor evidence. A number of past and current grantee-partners released noteworthy impact evaluations in 2018, demonstrating both their promising outcomes and their measurement and evaluation capacity.

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•

Year Up, a New Profit grantee-partner from 2004-2015, released a 2018 PACE Study & Results Report that shows that Year Up participants have significantly higher earnings—the largest reported to date for workforce programs tested in randomized control trials (RCTs)—shortly after the program ends than comparison groups.

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Recent study of Management Leadership for Tomorrow (MLT) by Brandeis University found that MLT Career Prep Fellows—college students of color enrolled in MLT’s career development program—who had received Pell grants had significantly better first job outcomes than a matched comparison of Pell recipients from a major public university. MLT has been a New Profit grantee-partner since 2014.

•

LEAP Innovations, a New Profit grantee-partner since 2016, released a report with data from the second cohort of LEAP’s Pilot Network—where it directly pilots its personalized learning technologies and practices in 14 Chicago schools—that shows that a typical student in LEAP’s reading pilot gained 13 additional percentile points in the national NWEA literacy test above a typical comparison student starting with the same score.

•

New Teacher Center (NTC), a national nonprofit focused on improving student learning by accelerating the effectiveness of teachers and school leaders who has been a New Profit grantee-partner since 2013, received the preliminary results of the U.S. Department of Education’s i3 Scale-Up grant, which found that regardless of district context, when teacher mentors receive NTC’s high-quality, consistent professional learning, the new teachers they mentor are more effective and their students gain six additional months of learning in math.

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Population-Level Impact Through Changing Systems We recognize that big, sustained progress towards equity and opportunity means fundamentally transforming systems, such as the K-12 education system. Supporting and measuring systems change work is an endeavor many in the social impact sector have begun to take on, yet continues to challenge many of us, especially funders. While we don’t have all the answers, we do have an emerging point of view on how New Profit can contribute to systemic social problem-solving over time. That view shapes of our choices of where and how to focus our efforts in the coming years. In addition to supporting diverse leaders and organizations (see pages 20-23 for an overview) and catalyzing systems change capabilities and models (see pages 17-19 for an overview), we are focused on advancing two movements.

Cradle to Career Learning Scaling transformative approaches in education—centered on whole child development, personalized learning, student agency and voice, and parent and community engagement—to benefit all learners, particularly the most underserved • • •

We invested in dozens of transformative organizations, from Teach For America, KIPP, and BELL early on to New Teacher Center, ANet, and LEAP Innovations more recently We have been active in supporting education policies from early childhood through post-secondary education that embrace innovation and emphasize investing in what works since the launch of America Forward ten years ago We are backing the “cradle to career” learning movement taking root across America by making capacity building investments in innovative education organizations and convening them to spur group learning and collaboration

New Workforce Development Paradigm A new paradigm to help underserved populations build skills, degrees, credentials, and self-sufficiency and prepare them for the profound shifts that are transforming the future of work •

•

Beginning with our early support for PeerForward (formerly known as College Summit) and Year Up and continuing through our work on the Pathways Fund (2010-2016) and Learn to Earn, we have invested heavily in helping to redefine the path to sustainable careers for underserved young people Learn to Earn is working to ensure that transformational changes in workforce development scale and succeed through several initiatives: • •

• •

Future of Work XPRIZE: Launching a global prize competition to incentivize teams of innovators to create technologies that help Americans develop Power Skills College Access and Success Learning Lab: Bringing together a cross-sector network of social entrepreneurs, funders, college and K-12 leaders, and researchers to design and execute initiatives that have the potential to address common challenges to scaling innovation in the field Postsecondary Innovation: Supporting the scale of models that can provide dramatically more students access to effective, affordable, and flexible postsecondary education options that are anchored to the jobs of the future Supporters include: Michael & Susan Dell Foundation, ECMC Foundation, Bill & Melinda Gates Foundation, The Joyce Foundation, The Kresge Foundation, Lumina Foundation, Siegel Family Endowment, The Boston Foundation, and Walmart Foundation

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What Makes Us...

Community.

A dynamic network of philanthropists, social entrepreneurs, and other social impact leaders

29

New Profit 2018 Board of Directors

Steve Barnes

Managing Director BAIN CAPITAL

Josh Bekenstein Managing Director BAIN CAPITAL

Mike Canning

Managing Director, Global Clients & Industries Operations DELOITTE CONSULTING LLP

Wendy Kopp

Henry McCance

TEACH FOR ALL

GREYLOCK PARTNERS

CEO

Chairman Emeritus

Bill McClements Chief Financial and Operations Officer

PARTNER THERAPEUTICS

Mark Nunnelly

Former Secretary of Technology Service and Security COMMONWEALTH OF MASSACHUSETTS

30

James Pallotta

Chairman and Managing Director RAPTOR GROUP

John Rice

Founder and CEO MLT

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Paul Grogan

David Harris

Stephen Jennings

President and CEO

President

THE BOSTON FOUNDATION

UNION COLLEGE

MONITOR DELOITTE CONSULTING LLP

Duncan McFarland

Valerie Mosley

Kristin Mugford

VALMO VENTURES

HARVARD BUSINESS SCHOOL

Brian Spector

Venkat Srinivasan

Jeffrey C. Walker

REFLOW MEDICAL

INNOSPARK VENTURES

NEW PROFIT

THE BROMLEY CHARITABLE TRUST

Chairperson

CEO

Managing Director

Principal

Senior Lecturer

Chairman

*New Profit Founder and CEO Vanessa Kirsch also serves on the Board of Directors (pictured on following page) 31

New Profit Leadership

Doug Borchard

Trevor Brown

Sara Conahan

Amina Fahmy

Eliza Greenberg Managing Partner

Sam Hiersteiner

Managing Partner, Communications and Corporate Partnerships

J.B. Schramm

Shruti Sehra

Deborah Smolover

Managing Partner, Chief Operating Officer

Partner

Managing Partner, Learn to Earn Fund

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Partner

Managing Partner

Partner

Managing Partner, America Forward

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Kelly Cutler Partner

Vanessa Kirsch Founder and CEO

Marco Davis

Yordanos Eyoel

Ian Magee

Tulaine Montgomery

Partner

Managing Partner, Chief Financial Officer

Partner

Managing Partner

Kim Syman

Managing Partner

33

New Profit Donor Roll INVESTORS

Mark and Carolyn Ain

Deloitte

Ewing Marion Kauffman Foundation

American Express

Alisa and Dan Doctoroff

Florence Koplow

Anonymous (5)

Doran Family Charitable Trust

Roger and Lisa Krakoff

Pauline and Robbie Bach

Kate and Bill Duhamel

Jonathan and Jeannie Lavine

Bank of America Charitable Foundation

ECMC Foundation

Deborah and Steve Barnes

Paul and Sandy Edgerley

BAIN CAPITAL

BAIN CAPITAL

Josh and Anita Bekenstein

Stuart and Randi Epstein

BAIN CAPITAL

BAIN CAPITAL

James L. Bildner Charitable Trust Kevin and Julie Callaghan

Domenic and Molly Ferrante Lance Fors

Matt Levin BAIN CAPITAL

Leon Lowenstein Foundation Lumina Foundation JB Lyon and Kim Syman

SOCIAL VENTURE PARTNERS INTERNATIONAL

Tristin and Martin Mannion

Bill & Melinda Gates Foundation

Henry McCance

Sima Ghadamian

Douglas and Audrey Miller

BERKSHIRE PARTNERS

Carnegie Corporation of New York Chan Zuckerberg Initiative DAF

INTERNATIONAL PRIVATE EQUITY LIMITED

SILICON VALLEY COMMUNITY FOUNDATION

Grace Institute Foundation

Howard P. Colhoun Family Foundation

Josh and Sarah Greenhill

Estate of Kathryn W. Davis Michael & Susan Dell Foundation

Heising-Simons Foundation M. Roch Hillenbrand

Hinda and Joel Miller Valerie Mosley Kristin and Stephen Mugford

THE HILLENBRAND FAMILY FOUNDATION

Anonymous

Ulrik Christensen

Tom Higley

AppleTree Institute for Education Innovation

Cutler Partners, LLC

Kapor Center for Social Impact

Fund for Essex County Excellence Reserve of the Essex County Community Foundation

Renuka Kher

SUPPORTERS

Rupal Bhansali Dan and Robin Catlin Adria Chamberlain 34

Francis Greenburger

Jeff Livingston EDSOLUTIONS

Elisabeth Mason

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Joshua Musher

Alan and Susan Solomont

Oak Foundation

Brian and Stephanie Spector

Matt and Einat Ogden

Venkat and Pratima Srinivasan

Christine Olsen and Rob Small

State Street

The Peter and Elizabeth C. Tower Foundation

James and Kim Pallotta

Stupski Foundation

The Trustees’ Philanthropy Fund

Saul Pannell and Sally Currier

Peter Swift and Diana McCargo

PayPal Credit

The Boston Foundation

Peery Foundation

The Bromley Charitable Trust

Poses Family Foundation

The Bronner Charitable Foundation

M K Reichert Sternlicht Foundation

The Max M. and Marjorie S. Fisher Foundation

Walmart Foundation

The Hirsch Family Foundation

Walton Family Foundation

The Joyce Foundation

Wells Fargo Advisors

The Kresge Foundation

Ted and Lisa Williams

The LEGO Foundation

Jean and Rick Witmer

The McCance Foundation

Jan and Steve Zide

Arthur and Toni Rembe Rock Sarita Kenedy East Foundation Richard Sarnoff Ronald Schrager and Wendy Hart Edward and Barbara Shapiro Siegel Family Endowment

The David & Lucile Packard Foundation The Reeder Foundation

FIDELITY CHARITABLE

Tower Family Fund Lauri Union and Stanley Rosenzweig Jeffrey C. and Suzanne C. Walker Walmart

ZIDE FAMILY FOUNDATION

Joe McCannon

Debra J. Segal CLAT

UnboundED

Edna McConnell Clark Foundation

Diana M. Smith

James Weinberg FUSE CORPS

Rose-Marie and Eyk van Otterloo

Gary Syman

Ellen and Patrick Pinschmidt

Sharon Syman

T. Rowe Price Foundation

The Tow Foundation

Samberg Family Foundation

Peter and Laurie Thomsen

Howard and Candice Wolk

COMMITMENTS MADE BY 11/15/2018

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2017 Financials REVENUE BREAKDOWN ($M)

Individuals and Family Foundations

10.5

Corporations and Foundations

5.6

Deloitte In-Kind Services

2.0

Program Fees and Other Misc.

0.8

Total

18.9

4% PROGRAM FEES AND MISCELLANEOUS

10% DELOITTE IN-KIND

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56%

30%

INDIVIDUALS AND FAMILY FOUNDATIONS

CORPORATIONS AND FOUNDATIONS

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EXPENSE BREAKDOWN ($M) (further detail on following page)

Supporting Breakthrough Social Entrepreneurs External Investments

14.3

Select Donor Supported Initiatives

6.2

Supporting Social Impact Ecosystem Initiatives America Forward

1.3

Gathering of Leaders

1.4

Field and Network Building

0.5

New Profit Infrastructure

4.2

Total

27.9

NET ASSETS

*Changes in Net Assets ($M)

(10.1)

Change in restricted

(11.5)

Change in unrestricted

1.4

Total Net Assets ($M)

44.7

Restricted

41.9

Unrestricted

2.8

*Includes revenue reserves and writeoffs ($1.1M)

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2017 Detailed Expense Breakdown EXPENSE BREAKDOWN 27.9M IN TOTAL IMPACT PROGRAMMING

TOP LEVEL

Breakthrough Social Entrepreneurs PORTFOLIO GRANTS GRANTEE SUPPORT DELOITTE PRO BONO SELECT DONOR SUPPORTED INITIATIVES

74%

External Investments NEXT LEVEL

PORTFOLIO GRANTS GRANTEE SUPPORT DELOITTE PRO BONO

70%

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Select Donor Supported Initiatives IN-HOUSE SOCIAL ENTREPRENEURS FOCUS FUNDS DONOR-REQUESTED PROJECTS

30%

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OVERHEAD

Social Impact Ecosystem Initiatives AMERICA FORWARD GATHERING OF LEADERS FIELD BUILDING

New Profit Infrastructure ADMINISTRATION DEVELOPMENT COMMUNICATIONS LEGAL/STRATEGY PRO BONO

11%

15%

AF

GOL

FIELD BUILDING

40%

44%

16%

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What Makes Us...

Break Through.

20 Leaders on Our Shared Future

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Desmond Blackburn CEO, NEW TEACHER CENTER (NTC)

Q

What’s your big audacious goal?

New Teacher Center is committed to ending educational inequities for students with the highest need. As the new CEO of New Teacher Center, it is my personal goal to set a clear path to achieve this larger mission. That means getting clear about who we are as an organization and prioritizing key aspects of our program that data has shown to be effective at driving student success.

Q

How can we make progress towards achieving this goal?

New Teacher Center empowers students by partnering with districts to accelerate educator effectiveness. We are committed to understanding what program strategies actually impact student learning and bringing those evidence-based professional learning opportunities to districts across the country. We know that the most significant impact happens with educators and students in districts with the highest need, so we’ve decided to prioritize our efforts within these communities to ensure that we see student learning gains year over year.

Q

What’s your call to action for our community?

We know the value of educators and their impact on students. I hope that our community not only recognizes this impact but acts on it by joining us in advocating for high-quality professional learning, leadership development, and coaching for educators who serve students with the highest needs. With this support, educators are more effective at all levels, they stay in the profession longer, and ultimately, students learn more.

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Marco Davis PARTNER, NEW PROFIT

Q

What’s your big audacious goal?

To transform the social sector by dramatically increasing the number of leaders of color throughout it, enabling us to leverage all the diverse talent and brilliance in our society to solve some of our nation’s most pressing problems.

Q

How can we make progress towards achieving this goal?

At New Profit, we have committed ourselves to increasing the diversity of the social entrepreneurs in our own portfolio and network, and to working with other grantmakers to do the same.

Q

What’s your call to action for our community?

To bring about lasting change, all entities in the sector—both grantmakers and grantseekers—need to track diversity throughout their work, and ensure that their leaders reflect the communities they serve, as well as the American population.

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Aimée Eubanks-Davis FOUNDER & CEO, BRAVEN

Q

What’s your big audacious goal?

Empower more than 100,000 promising, underrepresented young people—first-generation college students, students from low-income backgrounds, and students of color—with the skills, confidence, experiences, and networks necessary to launch successfully into the modern economy.

Q

How can we make progress towards achieving this goal?

Over the last several months, we’ve secured exciting, deeper enrollment and financial commitments from Braven’s University Partners. In particular, San José State University and Rutgers University-Newark committed to scaling our core model—the Accelerator course—to 1,000 new students by school year ‘21-’22 and contributing two to three times what they are currently paying. Over the next five years, across our current three school sites, we’ll serve more than 10,000 students.

Q

What’s your call to action for our community?

For social entrepreneurs of color like myself, one of the biggest barriers to growth can be a lack of social and information capital. I hope the New Profit community will continue to not only financially support leaders of color, but ensure they have the thought partnership to take their work to the highest levels.

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Yordanos Eyoel PARTNER, NEW PROFIT

Q

What’s your big audacious goal?

To create the foundation for a strong fabric of trust in America where all Americans are informed, empowered, and civically engaged.

Q

How can we make progress towards achieving this goal?

We have a crisis of trust in America and a civic ecosystem that is insufficient to counter the magnitude and depth of this problem. Addressing this requires significantly investing in local grassroots-led organizations, which have largely been undercapitalized and subscale. We need to invest in grassroots leaders who represent the diversity of our country and have developed breakthrough solutions that target the underlying structural and systemic conditions that have contributed to civic distrust. We need to invest in the longgame to unlock the latent power of Americans to create the enduring local leadership and infrastructure that will drive and sustain civic participation.

Q

What’s your call to action for our community?

The social innovation ecosystem often operates in silos and sub-silos while the people who are impacted by the problems experience issues as overlapping and interconnected.

Whether our focus is education, public health, or affordable housing, we all need to see ourselves primarily as civic innovators, dismantling systems that have contributed to disenfranchisement and inequity in our country. By reducing fragmentation in our work, we can contribute towards a more thriving and inclusive democracy.

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Jesús Gerena CEO, FAMILY INDEPENDENCE INITIATIVE (FII)

Q

What’s your big audacious goal?

Our goal is that all families across the United States will have access to the resources and opportunities needed to achieve their goals and dreams.

In the past 50 years, with the advent of the social service sector, families have been pointed to agencies and case workers for solutions. We believe and our data proves that the longterm solutions to permanently exit poverty lie within one’s own community. Our goal is that agencies, investors, and communities recognize the strength of community-led solutions, see families for their strengths, and invest in families initiatives directly.

Q

How can we make progress towards achieving this goal?

One practical victory towards this goal is to increase direct investment to families by philanthropy and local government—because it is agreed that families are the agents of their own success, rather than “beneficiaries” of handouts.

Q

What’s your call to action for our community?

We ask funders, policymakers, and social sector innovators to trust and invest directly in family-led solutions. They don’t have to wait for FII. They can look at their practices and ask: “How am I undermining these communities? Can I do it differently?”

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Teresa Hodge PRESIDENT & CEO, MISSION: LAUNCH

Q

What’s your big audacious goal?

To improve the economic health of individuals with criminal records by producing an algorithm for workforce background screening that is fair, demonstrates the strengths and capacity of individuals living with records, and expands access to jobs, entrepreneurship, and financial products.

Q

How can we make progress towards achieving this goal?

Mission: Launch is supporting the development of an algorithm, known as R3 score, that is creating access to capital for people living with criminal records. R3 Score creates risk models to move people beyond criminal records because currently, the criminal background screening process is a gatekeeper to opportunities that lead to economic security. R3 Score uses widely accepted indicators and collected data to create a more holistic view of an individual beyond their criminal past and can replace the standard criminal background check to help millions of Americans get jobs, launch businesses, and use mainstream financial products and services.

Q

What’s your call to action for our community?

Hire and place on your board people with a criminal record and broaden your view of inclusion to include people living with a criminal record.

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Steve Jennings PRINCIPAL, MONITOR DELOITTE CONSULTING LLP

Q

What’s your big audacious goal?

My big goal is that all organizations, including those in the social sector, begin treating the Future of Work as a mission-critical piece of their future success. Technology is evolving at an exponential rate but many organizations have yet to change their approach to talent and workforce development. Deloitte’s 2018 Human Capital Trends report found that 54% of companies have no programs in place to build the skills of the future, yet four in ten companies believe automation will have a major impact on jobs. Ideally, organizations could adapt in real time to re-skill our workforce for changing technology, but constraints like cost and regulation make that difficult.

Q

How can we make progress towards achieving this goal?

Building tech fluency is a practical first step along the path to preparing for the Future of Work. Sixty-one percent of organizations are actively redesigning jobs around artificial intelligence (AI) and robotics. Whether it’s automating basic paperwork so a caseworker can spend more time with clients or incorporating AI into healthcare services, there is a tremendous opportunity for the social sector to capitalize on the Future of Work for our communities.

Q

What’s your call to action for our community?

It is natural to get nervous when thinking about the Future of Work. Many people envision a world where technology has replaced people and jobs no longer exist. I have a far more optimistic view. Jobs are not going away; they are changing. The exponential rise in technology and new talent pools (gig economy, crowds) will unleash untapped potential and create more ways to get work done.

We are living in the age of the augmented workforce, where humans and machines increasingly work side by side, freeing up time for humans to focus on higher value work.

This is especially valuable in purpose-driven work. The question I want people to consider is “what would you do if you had more time?”

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Yscaira Jimenez CEO, LABORX

Q

What’s your big audacious goal?

My goal for our country is that the demographics of people participating in the workforce and working in living wage jobs mimics the demographics of the U.S. population.

Q

How can we make progress towards achieving this goal?

Ability is the measure of ability. We should ban four-year degree requirements for open jobs. We need to work toward a world in which everyone can contribute to our workforce, no matter what degrees they have or networks they are a part of.

Q

What’s your call to action for our community?

Source talent from outside your college, professional, and personal networks and explore alternatives such as vocational programs, bootcamps, apprenticeships, and community colleges in an effort to hire a more diverse talent pool. Interview for competency and hire for value-fit, not culture-fit.

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Helayne Jones FOUNDER, HBJ EDUCATION STRATEGIES

Q

What’s your big audacious goal?

Like any public structure, our education system relies on designers, innovators, and builders to keep its infrastructure strong and up to date with our changing world. I believe we have a responsibility to provide every child an education that truly prepares them for their future. We can create an education system that meets the needs of every student and prepares and empowers them for the choices and opportunities they will face throughout their lives. I want to play a role in identifying and supporting the innovations, leaders,

Q

partnerships, and resources that can make this dream a reality.

How can we make progress towards achieving this goal?

Personalized learning (PL) strategies provide educators with the tools, resources, and data they need to deeply know each of their students as learners and to create learning environments that are tailored for each student’s strengths, needs, and interests. PL helps to create schools with a culture of opportunity and student agency. When combined with our increased knowledge of learning science, we now have the opportunity to better understand how to meet each student where they are and help them grow. We can make progress by supporting and working alongside innovators like those in New Profit’s PL

Q

cohort to scale and spread PL to benefit all students, particularly the most vulnerable.

What’s your call to action for our community?

We need to think big about the partnerships and collaborations that can redesign our current education system to better serve all students. We need to strategically deploy resources to bring about this change, and all be grounded in and guided by a belief that all students can learn.

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Wendy Kopp CO-FOUNDER & CEO, TEACH FOR ALL; NEW PROFIT BOARD MEMBER

Q

What’s your big audacious goal?

At Teach For All we’re working towards a 25-year vision: In 2040, communities in every part of the world are enabling all their children to have the education, support, and opportunity to shape a better future for themselves and all of us. These communities are inspiring and informing a worldwide movement to achieve this everywhere.

Q

How can we make progress towards achieving this goal?

To get there, we’re working to grow our global network and support network partners to scale with quality, to orient and measure progress towards locally rooted and globally informed visions for students shaping a better future, and to foster deep interconnectivity and learning across our global network. As just one measure of success, 10 years from now we project operating in 80 countries with 20,000 teachers and 40,000 alumni working towards galvanizing progress towards this vision outside of the U.S. and U.K.

Q

What’s your call to action for our community?

I hope the New Profit community will recognize the imperative of enabling all the world’s children, everywhere, to fulfill their potential. Our collective welfare depends on it.

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Tulaine Montgomery MANAGING PARTNER, NEW PROFIT

Q

What’s your big audacious goal?

We are living through an era of unprecedented change across nearly every dimension of our lives. As one indicator, 65% of America’s elementary school students today are going to grow into jobs that don’t yet exist. My goal is to have a social sector that enables America to successfully navigate this change—a social sector that meaningfully contributes to a thriving and equitable nation that is connected across difference and strengthened through the honored promise of unalienable rights to life, liberty, and the pursuit of happiness for all.

Q

How can we make progress towards achieving this goal?

New Profit’s work to build support and growth capital for diverse leaders is one way we are working with partners in the social sector to help this country get smart at leveraging the game-changing innovation, efficiency, and talent that exists in diverse communities.

Q

What’s your call to action for our community?

Despite technological platforms designed to facilitate connection, our society is more segregated than ever across class, race, and ideology. We are using technology to connect to communities and networks that are similar or familiar. The more we can do to “de-other” people and perspectives that are not our own, the better equipped we are to honor and leverage the talent and treasure that exists in all communities. Build relationships with people who are not already in your daily circle. Learn about histories and lived experiences that are not your own. Expand your circle of relationships and knowledge beyond what is comfortable or familiar.

63

Val Mosley CEO, VALMO VENTURES; NEW PROFIT BOARD MEMBER

Q

What’s your big audacious goal?

Raise a billion dollar fund from value-aligned partners to invest in strong leaders of forprofit organizations focused on sustainably addressing economic, educational, and healthrelated issues that disproportionately affect populations facing social mobility challenges.

We’d offer a coalition of funders and investors both attractive financial and positive impact returns, helping to scale effective solutions for society, drive systems-level change, and make the AMERICAN dream more universally accessible.

Q

How can we make progress towards achieving this goal?

Identify a set of for-profit businesses that are poised for growth and are advancing social mobility through sustainable solutions focused on education, financial literacy and wealth accumulation, health and wellness, and more. Start conversations with funders who may have only made philanthropic grants before about opportunities to invest in for-profit social enterprises, using these for-profit businesses as examples of organizations that can leverage an influx of growth capital to scale and make meaningful contributions to increasing social mobility in our country.

Q

What’s your call to action for our community?

Join forces. Let’s collectively commit our limited and precious resources of time, attention, skills, networks, and financial assets, and partner with others to support efforts and initiatives that are aligned with our core values of making a difference and having a sustainable and positive impact. Remember, “To whom much is given, much is required.”

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John Rice FOUNDER AND CEO, MANAGEMENT LEADERSHIP FOR TOMORROW (MLT); NEW PROFIT BOARD MEMBER

Q

What’s your big audacious goal?

Too many people, especially minorities and those from lower income backgrounds, are getting lost on their way to the American Dream of economic mobility. The sports world is the one place in our society where if you have talent and work ethic you don’t get lost, regardless of your race or socioeconomic background. By bringing the core interventions that have enabled sports to approach a meritocracy—high accountability coaching for everyone at every stage and a high performance playbook—to the 99% of us who pursue careers outside of sports, we will deliver economic mobility for millions more Americans and transform how our nation develops its young talent.

Q

How can we make progress towards achieving this goal?

At MLT, we aspire to triple the number of college students we prepare and place in high trajectory post-college jobs that deliver immediate economic mobility for their families and put them on the path to high-impact leadership positions in their communities.

Q

What’s your call to action for our community?

I encourage philanthropists to set the same high expectations for the low income and minority students they support as they do for their own children. Don’t fall for the misconception that if they get to college, then they are no longer vulnerable. Continue to invest in them during and after college to ensure they reach their full potential, just like you do for your own children.

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Anderson Sainci RESOURCE MANAGEMENT COORDINATOR & SUPERVISOR, CITY OF DUBUQUE, IOWA

Q

What’s your big audacious goal?

To continue to engage the community in conversations about the future of Dubuque. To understand what can we all do to help make the community a more viable, livable, and equitable community where all people feel respected, valued, and engaged.

Q

How can we make progress towards achieving this goal?

We can make progress towards this goal by continuing to engage citizens through the City strategic planning process. If done in a way that reaches out and responds to all areas of the community, it will be indispensable in creating policies that reflect the values and desires of Dubuque.

Q

What’s your call to action for our community?

Create a plan that allows all citizens, particularly individuals representing historically marginalized groups, to thrive in your community.

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Mora Segal CEO, ACHIEVEMENT NETWORK (ANET)

Q

What’s your big audacious goal?

Today, hundreds of thousands of children sitting in classrooms across the country—in rural, urban, and suburban schools—do not receive the rigorous, high-quality instruction needed to ensure they are learning at grade level or above. We are working towards the day that every one of these children receives the great teaching they need to succeed. When we give school leaders and teachers the tools they need to provide rigorous instruction, the coaching on how to use resources, and the time to build a strong practice, student learning soars. Our goal is to grow our partnerships to reach at least half a million students in communities of color and poverty over the next five years while simultaneously building a

Q

body of research to help many more.

How can we make progress towards achieving this goal?

We believe change will come when educators embrace a new vision for assessment that turns testing into a valuable tool to help teachers understand the needs of all their students and iterate instruction to fit those needs. We’ve seen it work across many different schools and we are collaborating with five districts on a Breakthrough Results Fund study to track the process, practice, and outcomes that make this possible. We hope this body of research and resources will be a catalyst for change in many more school districts, helping them adopt a process that we know works consistently across so many different schools,

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leadership styles, teaching styles, and diverse student groups.

What’s your call to action for our community?

When investing in education, ask about the end goal for students. Educational equity for all students means that our highest need students and students of color are succeeding academically in K-12 so that they are set up for success when they graduate from high school. We cannot accept anything less.

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Carmita Semaan FOUNDER & PRESIDENT, THE SURGE INSTITUTE

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What’s your big audacious goal?

By 2030, the case will no longer need to be made to invest in and elevate diverse leaders.

It will not be seen as a moral imperative but simply how smart work is done. Education is liberation and we will lead the charge. Surge’s work will influence how we groom and support ALL leaders to lead with their heads and hearts—in authenticity and love—to dramatically improve outcomes and opportunities for students, families, and communities.

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How can we make progress towards achieving this goal?

By 2021, The Surge Institute’s work to educate, elevate, and energize leaders of color in education will have reached five markets across the U.S. and will boast over 150 alums.

Surge alumni will be leading transformative change on behalf of children, families, and communities—ensuring that innovative and sustainable efforts are done WITH communities, not TO them.

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What’s your call to action for our community?

To contribute to long-lasting and sustainable change that uplifts everyone, our community must acknowledge that our young people and communities are not inherently flawed and do not need to be “fixed.” We must elevate the genius of and shine a light on the brilliance and ingenuity within communities that is too often overlooked and untapped in solving systemic problems.

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Deborah Smolover MANAGING PARTNER, NEW PROFIT AND EXECUTIVE DIRECTOR, AMERICA FORWARD

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What’s your big audacious goal?

An America where every child growing up has the opportunity for a safe, secure, and successful life and where anyone who falls off the path to opportunity has a second chance at a better future. Policy can play a critical role in achieving this audacious goal when government invests in innovation, rewards results, catalyzes cross-sector partnerships, and advances equity.

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How can we make progress towards achieving this goal?

Building the advocacy capacity of the most innovative and results-driven social entrepreneurs so that they become best-in-class system entrepreneurs—then harnessing that extraordinary collective advocacy power to radically transform the way government allocates vast social and human services resources so it fosters innovation, focuses on outcomes, and pays for success.

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What’s your call to action for our community?

Across our nation, America's innovators are creating new and better ways to solve old, intractable social problems. These pockets of progress offer incredible promise, and government can and should accelerate and amplify this progress to achieve better outcomes for all. A call to action: Join America Forward's effort to unite social entrepreneurs with policymakers to transform local results into national change and create a more equitable, just, and united America.

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Venkat Srinivasan MANAGING DIRECTOR, INNOSPARK VENTURES; NEW PROFIT BOARD MEMBER

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What’s your big audacious goal?

To use technology—specifically technology driven by artificial intelligence—to solve the major issues of our time.

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How can we make progress towards achieving this goal?

We can leverage technology to significantly reduce literary challenges (reading and comprehension) among 50 million children in underserved populations by 2021.

Englishhelper.com, a social enterprise founded with the goal of closing the K-12 literacy gap using AI technology, is improving literacy for children in India, southeast Asia, Africa, and South America. We are serving 2.5 million children today, and independent impact studies are showing significant improvement in their reading and comprehension. By the end of 2018, we hope to serve 15 million children.

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What’s your call to action for our community?

Embrace the power of technology for social good. Don’t be intimidated by it or be afraid of it.

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Aaron Walker FOUNDER & CEO, CAMELBACK VENTURES

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What’s your big audacious goal?

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How can we make progress towards achieving this goal?

Reduce by $100B (or 10%) the cost of childhood poverty to our country.

Currently, 76% of the organizations that participate in Camelback Venture’s accelerator provide at least a living wage to ALL of their employees. I want to get that to 100%.

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What’s your call to action for our community?

Be Ruthless for Good.

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Jeff Walker BOARD CHAIR, NEW PROFIT

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What’s your big audacious goal?

To change the way people think about addressing problems of suffering. To have all funders, doers, citizens, and activists understand how to work together and to set up training, incubators, and support systems to facilitate these collaborative opportunities—system change for all!

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How can we make progress towards achieving this goal?

Embed ‘proximity’ as an important part of the social change process. We need to become proximate to the people and communities we aim to serve so that we can better understand their perspectives, challenges, and ideas—and use those insights to guide how we shape solutions.

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What’s your call to action for our community?

Put collaboration at the center of your work: partner with others to generate ideas and engage with the people affected by the social issues you are addressing to produce sustainable change with population-level impact.

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What's your vision for our shared future?

NAME:

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What’s your big audacious goal?

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How can we make progress towards achieving this goal?

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What’s your call to action for our community?

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RAUL CARACOZA

About the Artist Raul Caracoza is a graphic artist and illustrator based in Los

include Jay-Z, Kanye West, Drake, Pitbull, and LMFAO among

Angeles, CA, whose work draws inspiration from his love of

others.

Los Angeles, music, and Latino culture. Caracoza developed his signature approach to illustrating Latinx and music icons

"I always try to see past what someone looks like to who

while being mentored by renowned master printers José

they are," says Caracoza of his original portrait series for

Alpuche, Richard Duardo, and Rafael Mora.

New Profit. "My family is very diverse. And hip hop played a big role in my life and the hip hop that I grew up on was all

It was his work in the entertainment industry that led

about culture – and that culture consisted mainly of unity."

Caracoza to working with Grammy Award winning acts such

Caracoza’s pieces have been published by multiple studios,

as Ozomatli and Play-N-Skills, as well as hip-hop pioneers –

featured in the McNay Art Museum exhibition Estampas de

The Pharcyde and others – allowing him to blend his love of

la Raza, and used as the backdrop for numerous concerts and

music with his graphics skills. His work in the entertainment

limited edition prints.

industry continued, as he began photographing artists that

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200 Clarendon Street, 44th Floor Boston, MA 02116 info@newprofit.org www.newprofit.org

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