Funding Amount
Over $100,000,000 (total since 2017)
Deadline
Deadline not published
Grant Type
Foundation
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Other requirements
- United States, with focus on economically distressed areas nationwide
Overview
Focus Area: Job quality, economic development, workforce development
Established: 2017
Total Investment: Over $100 million
Program Description
The Quality Jobs Fund invests in job quality and not just job creation to support the development of strong and sustainable working class communities. As one of the largest philanthropic efforts of its kind, the Fund catalyzes innovative solutions addressing systemic drivers of local economic decline.
Impact to Date
- Created thousands of new quality jobs
- Enhanced and grown hundreds of small businesses
- Trained and upskilled thousands of underserved workers
Key Focus Areas
- Job quality and sustainable employment
- Small business development and growth
- Workforce training and upskilling
- Community economic development
- Building prosperous, vibrant, and strong communities
- Combating community deterioration in economically distressed areas
Investment Approach
As an impact-first investment initiative, the Fund uses a combination of:
- Grants
- Mission-related investments (MRIs)
- Program-related investments (PRIs)
- Other philanthropic products and strategies
- Field-leading philanthropic investment innovations
Grantee/Investment Types
- Quality job-producing small business companies
- Social impact investment funds
- Community Development Financial Institutions (CDFIs)
- Workforce development organizations
- For-profit and nonprofit enterprises and funds tied to quality job growth
Current Portfolio Partners
CVF Capital Partners, Central Valley Fund, Pacific Community Ventures, Project Equity, Shared Capital Cooperative, Prestamos CDFI, HCAP Partners, NDWA Labs, Homeboy Industries, AiiM Partners, Baltimoreans United in Leadership Development, JFFVentures, FreeWorld, The Forestry and Fire Recruitment Program, Carina, Turning Basin Labs, The Workers Lab, Per Scholas, Phoenix Families and Workers Fund, Resilience Force, ICA Fund, The 22 Fund, ACCESS Community Capital, Merit America, Roberts Enterprise Development Fund, HBI
Geographic Scope
United States, with focus on economically distressed areas nationwide
Past recipients of this program
Recent awards under this program (from The New World Foundation's IRS filings)
Boston, MA · 2025
$500K
Oakland, CA · 2025
$500K
2 grants in The New World Foundation's 2025 filings reference “Quality Jobs Fund” in their stated purpose. Amounts and places as reported by the funder.
What The New World Foundation actually gave
Source: IRS Form 990, 2025
- Grants in 2025
- 120
- Total given
- $10.34M
- Median grant
- $21K
- Range
- $5,434–$1.5M
- By dollars: California 38%, New York 18%, Minnesota 15%. Top recipient cities: New York, NY; Washington, DC; Boston, MA.
- 0% of grants with a stated purpose were for general or operating support.
- 52% of recipients were new grantees, not repeat recipients.
Example grants
Homeboy Industries · Los Angeles, CA
Forgiveness
$1.5M
Shared Capital Cooperative · St Paul, MN
Forgiveness
$1.5M
ICA Fund · Oakland, CA
Forgiveness
$800K
Jfflabs Inc · Boston, MA
In support of providing technical assistance and capacity building to jffventures and…
$500K
Project Equity · Oakland, CA
In support of creating quality jobs through employee ownership initiative
$500K
Focus Areas & Funding Uses
Fields of Work
- Workforce development
- Small businesses
- Community development
- Economic services
Categories
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