New Profit is a nonprofit venture philanthropy organization that backs breakthrough social entrepreneurs who are advancing equity and opportunity in America.
New Profit's investment strategy focuses on building a breakthrough portfolio to take on entrenched systemic challenges in America, particularly by driving resources and support to Black, Indigenous, and Latino/a/x social entrepreneurs who have unique proximity to solutions, but face stark racial funding disparities in philanthropy; investing in social entrepreneurs with new systems change models across a range of issues; and creating jobs and opportunity by funding Future of Work innovation.
To rebuild the economy and create a future of work that works for everyone, New Profit’s $6 million Future of Work Grand Challenge, powered by XPRIZE and MIT Solve, will rapidly reskill 25,000 displaced workers into living-wage jobs in the next 24 months, equip influential workforce boards with vetted tools to support the wave of displaced workers in six months, and achieve broader systemic change to help prepare 12 million Americans from underinvested communities for workforce success by 2025.
New Profit’s Future of Work Initiative is funded by Strada Education Network and the Walmart Foundation.
Sponsor of XPRIZE Rapid Reskilling
Strada Education Network is a national social impact organization dedicated to improving lives by forging clearer and more purposeful pathways between education and employment. Our approach combines research, public engagement, strategic philanthropy, mission-aligned investments, and a network of affiliate organizations. Together, we work to create a new learning ecosystem that better serves the millions of Americans seeking to complete postsecondary education and training, gain clear value from those experiences, and build meaningful careers. Learn more at stradaeducation.org.
Strada Education Network
Walmart.org represents the philanthropic efforts of Walmart and the Walmart Foundation. By leaning in where our business has unique strengths, we work to tackle key social issues and collaborate with others to spark long-lasting systemic change. Walmart has stores in 27 countries, employing more than 2 million associates and doing business with thousands of suppliers who, in turn, employ millions of people. Walmart.org is helping people live better by supporting programs that work to accelerate upward job mobility for frontline workers, address hunger and make healthier, more sustainably-grown food a reality, and build strong communities where Walmart operates. To learn more, visit www.walmart.org or find us on Twitter @walmartorg.