NewSchools Venture Fund is a 501(c)(3) nonprofit organization based in Oakland, California, founded in 1998. The organization operates as a venture philanthropy focused on K-12 education, positioning itself as the first venture philanthropy dedicated to this sector. NewSchools bridges the gap between philanthropic capital and education entrepreneurs and leaders working to create innovative solutions in public education.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$70.9M
+6.8% YoY
Annual Giving
$19.4M
-39.4% YoY
Grant Count
102
-34.6% YoY
Avg Grant Size
$190K
-7.3% YoY
Mission & Focus Areas
Mission Statement: NewSchools is a venture philanthropy that builds a better education system by connecting people, resources, and ideas. The organization bridges the gap between those with capital and those with the courage to put that capital to work on the frontlines of education. NewSchools believes that by working together, a future can be powered where all students have what they need to thrive in school and life, and that philanthropy has an important role to play.
Primary Investment Areas:
- Innovative public schools
- Diverse leaders
- Learning solutions
- Racial equity
- Learning differences
- Teaching reimagined
- GenAI math tutoring
Grantmaking
Typical awards range from $10,000 to $822,500.
Grant Range
Range:**
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Geographic Focus
Where this funder awards grants
NewSchools primarily funds ventures in New York, California, and Texas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $66.4 million
- Total Revenue: $49.1 million
- Total Expenses: $54.5 million
- Total Liabilities: $2.45 million
Staffing: The organization employs 53 staff members (as of 2023).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $70,939,482 | $66,393,420 | $72,482,557 |
| Revenue | $41,832,970 | $49,069,499 | $74,508,851 |
| Expenses | $36,108,555 | $54,520,195 | $59,432,356 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,527,689 | $3,993,429 | $1,807,772 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
8 open opportunities from New Schools Fund
Educator Diversity (Teachers of Color) Funding Opportunity
NEW SCHOOLS FUND
Amount
$150,000 - $200,000
Deadline
Rolling / Open
GenAI K-12 Math Tutoring Solutions
NEW SCHOOLS FUND
Amount
Up to $300,000
Deadline
Rolling / Open
NewSchools: GenAI Math Tutoring Funding Opportunity
NEW SCHOOLS FUND
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Chief Executive Officer: Frances Messano (as of January 2023)
Key Staff:
- Jonathan Schorr: Partner
- Ariana Valenzuela: Partner
- Eva Gonda Green: Associate Partner
- Pallavi Abraham: Associate Partner
- Heather McManus: Chief Learning Officer
- Maggie Andrews: Senior Director, Development
- Ryan Aurori: Director, Finance
- Crystel Harris: Director, People Team
Board:
- Paula A Sneed: Member, Board of Directors
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANCES MESSANO | CEO | 40 | $501,869 |
| CORI DUNCAN | BOARD CHAIR | 2 | — |
| IME ARCHIBONG | BOARD MEMBER | 2 | — |
| MICHELLE BOYERS | BOARD MEMBER | 2 | — |
| BROOK BYERS | BOARD MEMBER | 2 | — |
| STACEY CHILDRESS | BOARD MEMBER | 2 | — |
| ANGEL MORALES | BOARD MEMBER | 2 | — |
| LISETTE NIEVES | BOARD MEMBER | 2 | — |
| KIM SMITH | BOARD MEMBER | 2 | — |
| PAULA SNEED | BOARD MEMBER | 2 | — |
| CHARLIE WOLFSON | BOARD MEMBER | 2 | — |
| CHRISTOPHER LOZIER | CHIEF OPERATING OFFICER/TR | 40 | $310,805 |
| DELICIA JONES | CHIEF STRATEGY OFFICER/SEC | 40 | $318,082 |
| HEATHER MCMANUS | CHIEF PEOPLE OFFICER | 40 | $324,810 |
| MIA HOWARD | MANAGING PARTNER | 40 | $289,320 |
| CAMERON WHITE | PARTNER | 40 | $246,860 |
| MAGGIE ANDREWS | DIRECTOR, DEVELOPMENT | 40 | $239,530 |
| NATALIE WILSON | PARTNER, EQUITABLE INVESTI | 40 | $242,662 |
| JASON ATWOOD | DIRECTOR, RESEARCH & LEARN | 40 | $236,718 |
| JESSICA HENRY | DIRECTOR, OPERATIONS | 40 | $224,030 |
| WENDY ANN DIXON-DUBOIS | DIRECTOR, COMMUNICATIONS | 40 | $233,147 |
Recent News & Activity
Recent developments and announcements
Over the past twenty-five years, NewSchools has catalyzed change by investing over $425 million in 750 ventures, reaching over 28 million students and 200,000 educators. The organization has announced multiple funding initiatives, including announcements of $6 million and $10 million+ in funding to accelerate innovation in education. NewSchools regularly announces new cohorts of innovative schools and funding opportunities for education innovators.
NewSchools Venture Fund - Grant Information & Application DetailsSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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