New Venture Fund
New Venture Fund is a Washington, DC–based public charity that uses fiscal sponsorship to provide operational support and an administrative home for public-interest projects. Founded in 2006, it works with change leaders on projects spanning areas including conservation, education, public policy, global health, international development, disaster recovery, and the arts.
New Venture Fund at a glance
In short: New Venture Fund gave $359.6M across 854 grants in 2024 (avg $421K), top state District of Columbia. 46% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $359,563,437
- -28.4% vs 2023
- Grants made (2024)
- 854
- +3.8% vs 2023
- Average grant
- $421,034
- -31.0% vs 2023
- Median grant
- $100,999
- Total assets
- $624,857,462
- -18.7% vs 2023
- New grantees (estimate)
- 46% first-time grantees (393 of 854, 2024)
- Primary geography
- District of Columbia (41% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to New Venture Fund
- Contact
Mailing address: 1828 L Street Nw 300-A, Washington, DC 20036
Phone: (202) 595-1061
Website: https://newventurefund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from New Venture Fund
Who New Venture Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Sixteen Thirty Fund ($58.9M). Together the top 10 received $159.7M.
Grant Size Distribution
4,444 grants across all recorded years
The most common grant size was in the $100–250K range: 1,304 grants of 4,444 (29%).
Geographic Focus
Where this funder awards grants
The 2024 filing shows grant dollars going primarily to recipients in the District of Columbia (41%), New York (12%), California (11%), and Florida (9%), with Connecticut accounting for 2%. The funder’s program descriptions also include environmental work in the U.S. and abroad and international development projects.
Grant Distribution by State
Share of 2024 grant dollars across all 854 itemized grants.
States
Cities
Is New Venture Fund open to new grantees?
46%
first-time grantees, 2024
In 2024, 393 of 854 grantees (46%) were first-time recipients. First grants averaged $286K; repeat grants $536K. How we count
Medians: $99K first-time, $141K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $171.1M (2019) to $502.4M (2023). In 2024 it made 854 grants totaling $359.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sixteen Thirty Fund Washington, DC | Civil Rights, Social Action, Advocacy | $58,932,923 |
| Clean Slate Initiative Inc Orlando, FL | Civil Rights, Social Action, Advocacy | $19,910,098 |
| Climate and Clean Energy Equity Fund Washington, DC | Environmental Programs | $17,996,330 |
| Cambiar Education Encino, CA | Youth Development and Education | $12,229,335 |
| America Votes Washington, DC | Civil Rights, Social Action, Advocacy | $11,018,005 |
| Floridians Protecting Freedom Miami, FL | Ballot Measure - Civil Rights, Social Action, Advocacy | $9,489,777 |
| Fines and Fees Justice Center Inc New York, NY | Civil Rights, Social Action, Advocacy | $8,889,158 |
| North Fund Washington, DC | Civil Rights, Social Action, Advocacy | $8,055,000 |
| Manresa Island Corp Norwalk, CT | Environmental Programs | $7,718,955 |
| Illuminative Inc Las Vegas, NV | Arts, Culture, and Humanities | $5,484,872 |
Ready to take the next step with New Venture Fund?
Financial History
Multi-year comparison from IRS filings
The filing states that contributions and/or pledges in 2022 and 2023 were removed from Schedule A because they were deemed uncollectible.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $624,857,462 | $662,364,100 | $723,042,837 | $359,563,437 | 854 | $18,476,676 |
| 2023 | $768,495,421 | $669,088,461 | $894,839,728 | $502,443,915 | 823 | $25,907,596 |
| 2022 | $1,036,457,607 | $755,584,165 | $825,032,231 | $419,475,768 | 992 | $9,981,969 |
| 2021 | $1,240,165,354 | $963,814,870 | $552,517,598 | $231,843,404 | 759 | $1,440,211 |
| 2020 | $822,949,241 | $975,483,022 | $658,874,215 | $368,115,296 | 1,016 | $4,437,825 |
| 2019 | $490,833,258 | $460,798,902 | $420,857,504 | $171,141,332 | 643 | $5,393,533 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
New Venture Fund’s stated mission is to help build a just, equitable, and sustainable future by getting philanthropic capital to people with ideas for needed change. Its website describes a commitment to equity and belonging, collaboration, access to funding, and bold efforts to create transformative change.
The 2024 filing describes work in civil rights, social action, and advocacy; youth development and education; environmental programs; capacity-building; health; and international development. Activities described include grantmaking, communications, stakeholder coordination, civic and media engagement, public awareness campaigns, convenings, and education efforts. The filing also reports lobbying related to environmental, education, health, foreign aid, tax reform, and other issues.
Among the 2024 recipients, Sixteen Thirty Fund received $58,932,923; its own stated mission describes providing operational support to changemakers addressing social challenges. Climate and Clean Energy Equity Fund received $17,996,330; it describes working with partners to build community power and advance equitable climate action. America Votes received $11,018,005; it describes coordinating progressive issues and pursuing electoral reform to expand ballot access. These are grantees’ descriptions of their own work, not New Venture Fund’s mission.
Grantmaking
In filing year 2024, New Venture Fund reported 854 grants totaling $359,563,437. Grant amounts ranged from $5,400 to $58,932,923, with a median of $100,998.
Other large 2024 grants included $19,910,098 to Clean Slate Initiative Inc, $12,229,335 to Cambiar Education, $9,489,777 to Floridians Protecting Freedom, $8,889,158 to Fines and Fees Justice Center Inc, and $8,055,000 to North Fund. The filing lists their grant purposes as civil rights, social action, and advocacy; youth development and education; ballot measure advocacy; and related categories. Floridians Protecting Freedom describes its work as advocating for a citizen-led ballot initiative concerning reproductive freedom. Fines and Fees Justice Center describes its work as education and advocacy focused on fines and fees in the legal system. North Fund describes supporting community leaders, social entrepreneurship, educational initiatives, and advocacy campaigns.
The funder’s website lists Catalytic Capital Consortium (C3) grantmaking opportunities. The Evidence Base Stream focuses on research into catalytic capital and lists awards of $75,000–$150,000. The Fostering Solutions and Infrastructure stream describes support for field-building work such as research, peer learning, resources, and convenings, and lists academic researchers, nonprofits, advisory services providers, and organizations with impact-investing or catalytic-capital expertise as eligible applicants. A separate FAQ describes a 2022 application process and a March 15, 2022 deadline; that deadline is past and does not establish a current application process.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Adam Eichberg as board chair; Katherine Miller as treasurer and vice-chair; Tom Gibian as secretary; and Lee Bodner as president. It also lists Daryn Dodson as a board member through February 2024, alongside board members Harry Drucker, Akilah Massey, Vatsala Pathy, and Chuck Redmond. Shannon Scott is listed as CFO through September 2024.
New Venture Fund is led by Lee Bodner, President on every filing since 2019; 7 of 16 officers listed in 2024 are compensated.
Officers on the 2024 filing
Lee Bodner
President
On filings since 2019
40 hrs/week
$320K (2019) → $386K (2024)
Amie Batson
Project President
New on the 2024 filing
40 hrs/week
$375K (2024)
Wilson Woodhouse
Project President
New on the 2024 filing
40 hrs/week
$333K (2024)
Adam Eichberg
Board Chair
On filings since 2019
2 hrs/week
No compensation reported
Fran Seegull
Project Director
On filings since 2021
40 hrs/week
$426K (2021) → $476K (2024)
Camilla Seth
Project Director
New on the 2024 filing
40 hrs/week
$340K (2024)
Andrew Schulz
General Counsel
On filings since 2019
1 hr/week
$25K (2019) → $0 (2024)
Shannon Scott
CFO
CFO → Chief Financial Officer, 2021
Chief Financial Officer → CFO, 2024
On filings since 2020
40 hrs/week
$130K (2020) → $227K (2024)
James Cowen
Project Deputy Director
New on the 2024 filing
40 hrs/week
$349K (2024)
Daryn Dodson
Board Member
On filings since 2019
1 hr/week
No compensation reported
Harry Drucker
Board Member
On filings since 2019
1 hr/week
No compensation reported
Katherine Miller
Treasurer & Vice Chair
On filings since 2019
1 hr/week
No compensation reported
Vatsala Pathy
Board Member
On filings since 2019
1 hr/week
No compensation reported
Tom Gibian
Secretary
On filings since 2020
1 hr/week
No compensation reported
Akilah Massey
Board Member
On filings since 2023
1 hr/week
No compensation reported
Chuck Redmond
Board Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (15)
- Former: Candy Marshall (2020–2023) — Project Senior Advisor
- Former: Lisa Quay (2023) — Project Director
- Former: Roger Kim (2023) — Project Director
- Former: Sheena Meade (2023) — Project Director
- Former: Pamela O. Foster (2019–2022) — Project Director
- Former: Rakesh Rajani (2019–2022) — Project Director
- Former: France Cordova (2021–2022) — Project Director
- Former: Eliza Byard (2022) — Project Senior Advisor
- Former: Valerie Conn (2019–2021) — Project Director
- Former: Heather Joseph (2019–2020) — Project Director
- Former: Eric Kessler (2019) — Secretary
- Former: Marc Kastner (2019) — Project Director
- Former: Thomas Gibian (2019) — Secretary
- Former: Wilbur Priester (2019) — CFO
- Former: Yanique Redwood (2019) — Board Member
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $476K, to Fran Seegull (Project Director). 7 officers or directors reported compensation on that filing.
Frequently asked questions about New Venture Fund
How much does New Venture Fund give each year?
New Venture Fund gave $359.6M across 854 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $502.4M across 823 grants.
What is New Venture Fund's typical grant size?
New Venture Fund's median grant in 2024 was $100,999, and its average grant was $421,034, across 854 grants on its 2024 IRS Form 990. Organizations receiving their first grant from New Venture Fund that year got $286K on average.
Where does New Venture Fund give grants?
New Venture Fund's top state is District of Columbia, with 41% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were New York (12%) and California (11%). The most frequent recipient cities were Washington, DC (121 grants), New York, NY (82 grants), San Francisco, CA (28 grants) and Philadelphia, PA (26 grants).
Does New Venture Fund give general operating support?
Not in 2024: none of the 854 grants with a stated purpose on New Venture Fund's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Civil Rights, Social Action, Advocacy" (406 grants), "Environmental Programs" (136 grants) and "Youth Development and Education" (116 grants).
Who are New Venture Fund's largest grantees?
New Venture Fund's largest 2024 grantees include Sixteen Thirty Fund ($58,932,923), Clean Slate Initiative Inc ($19,910,098) and Climate and Clean Energy Equity Fund ($17,996,330), according to its 2024 IRS Form 990. Together they received 27% of its itemized 2024 grant dollars.
How large is New Venture Fund?
New Venture Fund reported $624.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $662.4M.
What does New Venture Fund fund?
New Venture Fund’s stated mission is to help build a just, equitable, and sustainable future by getting philanthropic capital to people with ideas for needed change. See mission & focus areas ↑
How do I apply for a grant from New Venture Fund?
New Venture Fund has no public application process in the sources Grantable reviewed. Check newventurefund.org for current guidelines, or contact the foundation directly before submitting a request.
What is New Venture Fund's EIN?
New Venture Fund's EIN (Employer Identification Number) is 20-5806345. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS December 3, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in New Venture Fund's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
NEO Philanthropy Inc
New York, NY
NEO Philanthropy funds social-justice movements and community organizations, including work on immigration, democracy, reproductive, racial and climate justice, and LGBTQ rights. In 2024, its 558 grants ranged from $5,000 to $23.58 million, with a median of $50,000; grants went mainly to Washington state, Washington, DC, North Carolina, California, and New York. It does not accept unsolicited requests or proposals; potential grantees are generally invited to apply.
Assets
$185.6M
Grants
558
Total Given
$103.5M
Wellspring Philanthropic Fund Inc
New York, NY
Wellspring Philanthropic Fund supports human rights and social and economic justice, including work on climate, the environment, civic engagement, and Jewish causes, in the United States and internationally. Its 2024 grants had a median of $200,000, with amounts ranging from $500 to $9.75 million. It funds only preselected organizations and does not accept unsolicited requests; it plans to end grantmaking by the end of 2028.
Assets
$134.4M
Grants
1,101
Total Given
$326.0M
Foundation to Promote Open Society
New York, NY
The Foundation to Promote Open Society funds organizations advancing human rights, civil society, democratic practice, equity, research, and education, with grants spanning the United States and six global regions. In 2024, its grants ranged from $5,000 to $44.9 million, with a median of $257,214. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$10.8B
Grants
738
Total Given
$481.5M
United States Energy Foundation
San Francisco, CA
United States Energy Foundation funds education, outreach, and analysis advancing clean and equitable energy and climate solutions, including renewable energy, efficiency, clean transportation, buildings, and industry, in the United States. Its 2024 grants ranged from $10,000 to $21 million, with a median of $135,000. It does not accept unsolicited requests or proposals; grant-seekers must be invited.
Assets
$215.7M
Grants
597
Total Given
$166.3M
Silicon Valley Community Foundation
Mountain View, CA
Silicon Valley Community Foundation funds work in areas such as housing, economic security, education, health, the environment, arts and culture, and civic engagement, with Community Action Grants supporting local, community-led organizations in San Mateo and Santa Clara counties. Its 2024 grants had a median of $51,716, though amounts varied widely; applications depend on the program, and SVCF states that it does not accept unsolicited proposals for advised funds.
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
Common Counsel Foundation
Oakland, CA
Common Counsel Foundation supports community-led social justice, organizing, movement building, and structural change, with national reach and some funds focused specifically on California. Its 2024 grants had a median of $30,000, while its Grassroots Exchange Fund typically awards $1,000; the profile does not state whether it accepts unsolicited requests.
Assets
$67.5M
Grants
621
Total Given
$101.2M
More similar funders
More Funders in District of Columbia
Cite this profile
Grantable. (2026). New Venture Fund funder profile. GrantGraph. Retrieved October 6, 2026, from https://grantable.co/funders/new-venture-fund-morg_7c3756b5e0f5476895ac4a6235e73ad5
BibTeX
@misc{grantable_205806345_2026,
author = {{Grantable}},
title = {{New Venture Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/new-venture-fund-morg_7c3756b5e0f5476895ac4a6235e73ad5},
note = {Accessed 2026-10-06. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from New Venture Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
New Venture Fund down — hundreds of funders to go?