New Venture Fund is a 501(c)(3) nonprofit organization based in Washington, DC, established in 2006. The organization operates as a fiscal sponsorship provider and philanthropic intermediary, supporting change leaders and innovative projects by providing operational expertise, administrative support, and project hosting services. NVF manages a charitable portfolio of more than $356 million across nine regions globally and supports over 170 active projects run by more than 900 employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$624.9M
-18.7% YoY
Annual Giving
$359.6M
-28.4% YoY
Grant Count
854
+3.8% YoY
Avg Grant Size
$421K
-31.0% YoY
Mission & Focus Areas
New Venture Fund's mission is to help build a just, equitable, and sustainable future by directing philanthropic capital to people with impactful ideas at the right times and in the right places to accomplish needed change.
The organization operates across multiple program areas:
Civil Rights, Social Action, and Advocacy: Protects human rights, social freedom, and equality while fostering public engagement. Activities include grantmaking, communications, stakeholder coordination, civic and media engagement, and public awareness campaigns.
Youth Development and Education: Supports youth development and education improvement across the U.S., including early learning in vulnerable populations, literacy, connected learning, support for teachers and educational professionals, and advocacy for effective teaching practices and education reform. Activities include grantmaking, convenings, and strategic communications support.
International Development: Focuses on improving lives globally through education, health, and economic opportunity. Activities include grantmaking, communications, and stakeholder coordination.
Environment: Classified under NTEE code C05 (Environment Research Institutes and Public Policy Analysis).
Grantmaking
In 2023, NVF made nearly $600 million in grants supporting over 1,000 domestic and international organizations. Total giving reported was $459,928,320 based on the most recent IRS Form 990 filing.
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Geographic Focus
Where this funder awards grants
NVF funds primarily in the District of Columbia, New York, and California, with operations across nine regions globally. The organization has presence in Colombia and maintains a global philanthropic portfolio.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Data:
- Total Revenue: $669,088,461
- Total Expenses: $894,839,728
- Total Assets: $768,495,421
- Employees: 964
Compensation:
- Officer & Director Compensation: $744,000
- Reportable Compensation (Organization): $2.6 million
- Other Compensation: $245,000
- Compensation as percentage of expenses: 0.1%
- Employees earning over $100,000: 374
Rating: New Venture Fund holds a Four-Star rating with a 94% overall score based on Accountability & Finance metrics.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $624,857,462 | $768,495,421 | $1,036,457,607 |
| Revenue | $662,364,100 | $669,088,461 | $755,584,165 |
| Expenses | $723,042,837 | $894,839,728 | $825,032,231 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $18,476,676 | $25,907,596 | $9,981,969 |
| 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
2 open opportunities from New Venture Fund
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key executives include:
- Adam Eichberg: Board Chair
- Janna Freed: General Counsel (joined December 2025)
- Lessie E Askew: Chief People Officer
- Michael Brennan: Fund Director
- Dione Friends: Campaign Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADAM EICHBERG | BOARD CHAIR | 2 | — |
| KATHERINE MILLER | TREASURER AND VICE-CHAIR | 1 | — |
| TOM GIBIAN | SECRETARY | 1 | — |
| DARYN DODSON | BOARD MEMBER (THROUGH 2/2024) | 1 | — |
| HARRY DRUCKER | BOARD MEMBER | 1 | — |
| AKILAH MASSEY | BOARD MEMBER | 1 | — |
| VATSALA PATHY | BOARD MEMBER | 1 | — |
| CHUCK REDMOND | BOARD MEMBER | 1 | — |
| LEE BODNER | PRESIDENT | 40 | $385,900 |
| SHANNON SCOTT | CFO (THROUGH 9/2024) | 40 | $227,334 |
| ANDREW SCHULZ | GENERAL COUNSEL | 1 | — |
| FRAN SEEGULL | PROJECT DIRECTOR | 40 | $476,013 |
| JAMES COWEN | PROJECT DEPUTY DIRECTOR | 40 | $349,102 |
| AMIE BATSON | PROJECT PRESIDENT | 40 | $375,000 |
| CAMILLA SETH | PROJECT DIRECTOR | 40 | $339,664 |
| WILSON WOODHOUSE | PROJECT PRESIDENT | 40 | $332,564 |
Recent News & Activity
Recent developments and announcements
NVF published its 2025 Impact Report in November 2025, sharing updates on its work and its role in the philanthropic ecosystem, including key financial data and insights into the value of fiscal sponsorship.
In March 2025, NVF released "Growing Change: How New Venture Fund Incubates Nonprofits to Make Lasting Impact," detailing how the organization's incubation process works and why it matters, including how NVF provides administrative support and a stable platform for project growth.
The 2024 Impact Report (October 2024) highlighted NVF's support of over 170 active projects spanning education, environment, civil rights, and global health sectors.
Subject 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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