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New Venture Fund at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

New Venture Fund

NEW VENTURE FUND, a 501(c)(3) nonprofit organization providing fiscal sponsorship, aims to help build a just, equitable, and sustainable future by getting the right types of philanthropic capital into the hands of people with the right ideas, at the right (cont.

$460M
Granted FY2024still arriving
854
Grants FY2024still arriving
49
States reached
$59M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Civil Rights$689MEnvironment$414MInternational$391MYouth Development$142MCommunity Improvement$125MPublic Benefit$118MCrime & Legal$109MHealth$107MOther$0
02FY2024 · 854 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 854 grants below total $359,563,437, the rows itemized in this filing. The $459,928,320 headline is the total grant expense on the return; the other $100,364,883 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • Under $10k30 grants · $229k
  • $10k–50k181 grants · $4.1M
  • $50k–250k433 grants · $52M
  • $250k+210 grants · $303M
$101,000
Median grant
49
States reached
$625M
Total assets
Largest grants
RecipientAmount
SIXTEEN THIRTY FUND$58,932,923
CLEAN SLATE INITIATIVE INC$19,910,098
CLIMATE AND CLEAN ENERGY EQUITY FUND$17,996,330
CAMBIAR EDUCATION$12,229,335
AMERICA VOTES$11,018,005
FLORIDIANS PROTECTING FREEDOM$9,489,777
FINES AND FEES JUSTICE CENTER INC$8,889,158
NORTH FUND$8,055,000
MANRESA ISLAND CORP$7,718,955
ILLUMINATIVE INC$5,484,872
UNITED NATIONS FOUNDATION INC$5,285,000
NEW YORK UNIVERSITY$5,000,000
HOPEWELL FUND$4,441,891
GLOBAL IMPACT$4,111,706
NATIONAL SCIENCE FOUNDATION$4,000,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–24, $38.6M) land where the poverty rate runs at 15%, against an area that typically sits at 10%. 85% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%NM COMUNIDADES EN ACCION Y DE FE: $385k → 23%THE ORDINARY PEOPLE SOCIETY: $350k → 17%KIDS WIN MISSOURI: $1.1M → 5%EMPOWER MISSOURI: $350k → 10%CENTER FOR TRANSFORMING COMMUNITIES: $900k → 17%DOWN HOME NORTH CAROLINA: $348k → 16%NEVADA DIABETES ASSOCIATION FOR CHILDREN AND ADULTS: $421k → 10%CENTER FOR TRANSFORMING COMMUNITIES: $310k → 17%ASIAN AMERICANS ADVANCING JUSTICE ATLANTA: $720k → 9%NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE: $317k → 16%MEKONG INC: $330k → 28%ASIAN AMERICANS ADVANCING JUSTICE ATLANTA: $520k → 9%WE THE VETERANS FOUNDATION: $450k → 6%ASIAN AMERICANS ADVANCING JUSTICE ATLANTA: $440k → 9%LAST MILE EDUCATION FUND: $327k → 12%PUBLIC ALLIES INC: $500k → 17%GEORGIA INVESTOR ACTION FUND: $1.0M → 14%NAEVA: $806k → 14%PUBLIC ALLIES INC: $435k → 17%ALASKA INSTITUTE FOR JUSTICE: $752k → 10%MAKE THE ROAD STATES INC: $1.5M → 20%MAKE THE ROAD STATES INC: $790k → 20%FREEDOM INC: $662k → 10%INVISIBLE PEOPLE: $375k → 14%FREEDOM INC: $400k → 10%RIVET GLOBAL: $573k → 16%JAN SAHAS USA INC: $500k → 14%PUBLIC ALLIES INC: $920k → 23%RIVET GLOBAL: $483k → 16%MAKE THE ROAD STATES INC: $581k → 20%WORKING SOLUTIONS CDFI: $1.5M → 10%MAKE THE ROAD STATES INC: $360k → 20%THE VILLAGE OF ARTS AND HUMANITIES: $1.1M → 22%COMMUNITY SERVICE SOCIETY OF NEW YORK: $335k → 17%THE VILLAGE OF ARTS AND HUMANITIES: $377k → 22%EDWARD CHARLES FOUNDATION: $1.3M → 14%IMMIGRANT LEGAL RESOURCE CENTER: $400k → 10%COLEMAN ADVOCATES FOR CHILDREN AND YOUTH: $350k → 10%FAMILIES AGAINST MANDATORY MINIMUMS FOUNDATION: $1.1M → 14%TIDES CENTER: $410k → 10%TIDES CENTER: $330k → 10%MORE IN COMMON INC: $530k → 17%AIDS VACCINE ADVOCACY COALITION: $483k → 17%AIDS VACCINE ADVOCACY COALITION: $390k → 17%AIDS VACCINE ADVOCACY COALITION: $375k → 17%PARTNERSHIP FOR AMERICA'S CHILDREN: $319k → 14%GIVEDIRECTLY INC: $1.4M → 17%AMERICAN RED CROSS: $550k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

AK
ME
VT
NH
WA
ID
MT
ND
MN
IL
WI
MI
NY
MA
OR
NV
WY
SD
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL

Grants abroad, by region: $60M on the FY2024 return

Schedule F, as filed: 9 regions. The IRS asks for region and purpose, not the recipient, so no country or grantee can be named here.

South Asia$15M · 26% · 29 grants

Stated purpose: GLOBAL DEVELOPMENT · INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS · ENVIRONMENTAL PROGRAMS

Sub-Saharan Africa$15M · 25% · 105 grants

Stated purpose: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS · CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY · YOUTH DEVELOPMENT AND EDUCATION

Europe (including Iceland and Greenland)$11M · 19% · 59 grants

Stated purpose: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS · CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY · CAPACITY BUILDING

South America$11M · 19% · 69 grants

Stated purpose: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS · ENVIRONMENTAL PROGRAMS · CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

East Asia and the Pacific$2.4M · 4% · 18 grants

Stated purpose: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS · CAPACITY BUILDING · ENVIRONMENTAL PROGRAMS

North America (Canada and Mexico)$1.8M · 3% · 11 grants

Stated purpose: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS · CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY · CAPACITY BUILDING

Central America and the Caribbean$1.7M · 3% · 9 grants

Stated purpose: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY · CAPACITY BUILDING · ENVIRONMENTAL PROGRAMS

Middle East and North Africa$763k · 1% · 7 grants

Stated purpose: YOUTH DEVELOPMENT AND EDUCATION · INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS · CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

Russia and Neighboring States$491k · 1% · 5 grants

Stated purpose: YOUTH DEVELOPMENT AND EDUCATION · CAPACITY BUILDING

How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving. Grants abroad on Schedule F are filed by region, purpose and amount with no recipient name, so they are shown by region and cannot be placed on the country map or matched to a grantee.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

82%of every dollar goes to organizations it has funded before.
$1.5B · 1163 repeat orgs$325M to everyone else

Grantees it renews have grown median revenue +41% since the first grant, against +18% for those funded once.

1163 repeat relationships: 444 still active in FY2024, 719 since wound down; 212 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

1163
566

Total granted

$1.5B
$221M

Median revenue growth · since first grant

+41%
+18%

Still filing today

92%
83%

New vs renewed · share of each year

In FY2024, 61% of grant dollars renewed an existing relationship; $103M went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
Civil RightsEducationHuman ServicesEnvironmentCommunity ImprovementHealthOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • AV
    America Votes
    8× · 2017–2024 · $98M · revenue +495% · 34% of their budget
  • CF
    CENTER FOR TECHNOLOGY AND CIVIC LIFE
    2× · 2019–2020 · $25M · revenue ×21
  • VR
    VOTER REGISTRATION PROJECT
    5× · 2018–2024 · $22M · revenue +173% · 29% of their budget

Funded once

  • IS
    INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES INC
    one grant, 2017 · $19M
  • GF
    GATES FOUNDATION
    one grant, 2020 · $16M · revenue +18%
  • RA
    RECAST ACCELERATE LLC
    one grant, 2023 · $12M
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Equal Justice Works

Mobilizing passionate public service leaders.

Crime & Legal
2
CarbonPlan

We work collaboratively to build open tools and resources for the evaluation and deployment of robust climate programs. We share analyses through public communication and collaboration with journalists in order to foster effective climate…

Environment
3
United for a Fair Economy Inc

United for a Fair Economy challenges the concentration of wealth and power by using popular economics education, trainings and creative communications to support social movements working for a resilient, sustainable and equitable economy.

Social Science
4
Fund for Justice

Fund for Justice is a nationally connected social impact research and advocacy organization that works to achieve fundamental, systemic reform by addressing policies and practicies that prevent individuals from reaching their full…

Crime & Legal
5
Council for Court Excellence

Bring people together to research, educate, & advocate for a fair, equitable dc legal system.

—
6
Upturn Inc

Upturn advances equity and justice in the design, governance, and use of technology.

—
7
Civicus World Alliance for Citizen

Civicus is a global alliance of civil society organisations and activists dedicated to strengthening citizen action and civil society throughout the world.

Youth Development
8
OneJustice

Strengthen the legal services sector's expertise and capacity to advance justice and equity.

—
9
Jobs with Justice San Francisco

A long-term, strategic alliance of labor, community, faith-based, and student organizations working together to build greater economic power for workers and community members through employee rights at work and access to good jobs,…

Employment
10
International Peace Institute Inc

The international peace institute is an independent, non-profit organization working to strengthen inclusive multilateralism for a more peaceful and sustainable planet. through its research, convening, and strategic advising, ipi provides…

International
11
National Association of Regulatory

To serve the public interest by improving the quality and effectiveness of public utility regulation.

—
12
California Forward

California forward (ca fwd) brings people together across regions to improve government and create resilient growth statewide.

Public Benefit
How this is measured
The grantee most central to the portfolio’s shape is Accountableus; the most unlike its peers is Roderick and Solange MacArthur. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

1824 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 1824 of the 2,000 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

306
Load-bearing (≥25% of a budget)
492
Early backer (in before they grew)
1783/1824
Grantees still filing
1159/1824
Grew since first funded

Where the money sits, by cause and then by grantee

SIXTEEN THIRTY FUND: $314,691,446 · EnvironmentSIXTEEN THIRTY FUNDWORLD WILDLIFE FUND INC: $18,309,287 · EnvironmentCLIMATE AND CLEAN ENERGY EQUITY FUND: $17,996,330 · Environment+20 more: $69,082,519 · Environment+20 moreCO-IMPACT PHILANTHROPIC FUNDS INC: $266,668,370 · PhilanthropyCO-IMPACT PHILANTHROPIC…GATES FOUNDATION: $15,802,170 · PhilanthropyHOPEWELL FUND: $14,350,580 · Philanthropy+10 more: $43,697,252 · Philanthropy+10 moreVOTER REGISTRATION PROJECT: $21,675,000 · OtherVOTER REGISTRATION PROJECTINTERNATIONAL SCHOLARSHIP AND TUITION SERVICES INC: $19,435,964 · OtherJOHN & MARY R MARKLE FOUNDATION: $17,032,293 · OtherUpstream USA Inc: $13,690,273 · OtherECONOMIC INNOVATION GROUP INC: $19,074,575 · Other+75 more: $296,716,905 · Other+75 moreNORTH FUND: $44,950,113 · Public BenefitNORTH FUN…CENTER FOR TECHNOLOGY AND CIVIC LIFE: $24,995,400 · Public BenefitCENTER FO…NEO Philanthropy Inc: $12,588,879 · Public BenefitNEO Phila…CODE FOR AMERICA LABS INC: $9,617,164 · Public BenefitCODE FOR …SECURE ELECTION PROJECT INC: $4,833,000 · Public Benefit+13 more: $40,890,720 · Public Benefit+13 moreCLEAN SLATE INITIATIVE INC: $56,438,008 · Civil RightsCLEAN SLA…ACCOUNTABLEUS: $12,593,891 · Civil RightsACCOUNTAB…E PLURIBUS UNUM INSTITUTE: $7,098,548 · Civil RightsFLORIDA RISING TOGETHER INC: $6,205,500 · Civil RightsTHE ASIAN AMERICAN FOUNDATION: $5,770,379 · Civil RightsSTATE VOICES: $4,652,590 · Civil Rights+19 more: $45,016,202 · Civil Rights+19 moreMassachusetts Institute of Technology: $21,626,914 · EducationTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $13,412,122 · EducationCAMBIAR EDUCATION: $12,329,335 · EducationNew York University: $9,674,636 · EducationTRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA: $5,882,205 · EducationVIRGINIA NEW MAJORITY EDUCATION FUND: $5,187,624 · Education+24 more: $61,003,364 · EducationAmerica Votes: $97,974,036 · Community ImprovementCENTER FOR COMMUNITY CHANGE: $5,893,294 · Community Improvement+9 more: $21,036,160 · Community Improvement
Environment$420,079,582Philanthropy$340,518,372Other$387,625,010Public Benefit$137,875,276Civil Rights$137,775,118Education$129,116,200Community Improvement$124,903,490

Showing the 200 largest grantees by grant value.

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetSIXTEEN THIRTY FUND: $314,691,446 over 8y, 25% of budgetCO-IMPACT PHILANTHROPIC FUNDS INC: $266,668,370 over 3y, 80% of budgetAmerica Votes: $97,974,036 over 8y, 34% of budgetCLEAN SLATE INITIATIVE INC: $56,438,008 over 2y, 51% of budgetNORTH FUND: $44,950,113 over 5y, 30% of budgetCENTER FOR TECHNOLOGY AND CIVIC LIFE: $24,995,400 over 2y, 12% of budgetVOTER REGISTRATION PROJECT: $21,675,000 over 5y, 29% of budgetMassachusetts Institute of Technology: $21,626,914 over 7y, 0.2% of budgetECONOMIC INNOVATION GROUP INC: $19,074,575 over 8y, 66% of budgetWORLD WILDLIFE FUND INC: $18,309,287 over 5y, 6.0% of budgetCLIMATE AND CLEAN ENERGY EQUITY FUND: $17,996,330 over 1y, 61% of budgetJOHN & MARY R MARKLE FOUNDATION: $17,032,293 over 7y, 17% of budgetGATES FOUNDATION: $15,802,170 over 1y, 0.2% of budgetHOPEWELL FUND: $14,350,580 over 8y, 3.4% of budgetUpstream USA Inc: $13,690,273 over 2y, 0.1% of budgetTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $13,412,122 over 7y, 0.1% of budgetACCOUNTABLEUS: $12,593,891 over 5y, 30% of budgetNEO Philanthropy Inc: $12,588,879 over 8y, 2.6% of budgetCAMBIAR EDUCATION: $12,329,335 over 2y, 18% of budgetLAST MILE HEALTH: $11,811,501 over 5y, 15% of budgetNATURE AND CULTURE INTERNATIONAL: $11,690,540 over 8y, 29% of budgetUNITED NATIONS FOUNDATION INC: $11,680,970 over 6y, 6.9% of budgetTHE NATURE CONSERVANCY: $10,653,098 over 8y, 0.3% of budgetTHE JUST TRUST FOR EDUCATION: $10,257,381 over 1y, 23% of budgetNew York University: $9,674,636 over 8y, 0.0% of budgetCODE FOR AMERICA LABS INC: $9,617,164 over 5y, 16% of budgetFLORIDIANS PROTECTING FREEDOM: $9,489,777 over 1y, 9.9% of budgetCERES INC: $9,159,532 over 7y, 7.6% of budgetFINES AND FEES JUSTICE CENTER INC: $8,889,158 over 1y, 85% of budgetTIDES CENTER: $7,872,656 over 8y, 0.9% of budgetGlobal Impact: $7,801,728 over 3y, 4.0% of budgetManresa Island Corp: $7,718,955 over 1y, 21% of budgetROCKEFELLER PHILANTHROPY ADVISORS INC: $7,564,920 over 8y, 0.6% of budgetAFF FOUNDATION: $7,100,000 over 1y, 75% of budgetE PLURIBUS UNUM INSTITUTE: $7,098,548 over 2y, 90% of budgetTIDES FOUNDATION: $6,853,044 over 7y, 0.3% of budgetAdvanced Energy Institute: $6,500,000 over 2y, 41% of budgetILLUMINATIVE INC: $6,406,362 over 2y, 43% of budgetFLORIDA RISING TOGETHER INC: $6,205,500 over 8y, 13% of budgetCENTER FOR COMMUNITY CHANGE: $5,893,294 over 8y, 12% of budgetTRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA: $5,882,205 over 6y, 0.0% of budgetTHE ASIAN AMERICAN FOUNDATION: $5,770,379 over 3y, 30% of budgetONE ACRE FUND: $5,666,667 over 2y, 2.1% of budgetUNITED STATES FUND FOR UNICEF: $5,527,491 over 7y, 0.4% of budgetAmalgamated Charitable Foundation Inc: $5,423,388 over 3y, 0.7% of budgetNATIONAL LOW INCOME HOUSING COALITION: $5,366,100 over 8y, 24% of budgetVIRGINIA NEW MAJORITY EDUCATION FUND: $5,187,624 over 8y, 19% of budgetSD Foundation: $5,005,540 over 2y, 91% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds SIXTEEN THIRTY FUND ↗
  • Who funds CO-IMPACT PHILANTHROPIC FUNDS INC ↗
  • Who funds America Votes ↗
  • Who funds CLEAN SLATE INITIATIVE INC ↗
  • Who funds NORTH FUND ↗
  • Who funds CENTER FOR TECHNOLOGY AND CIVIC LIFE ↗
  • Who funds VOTER REGISTRATION PROJECT ↗
  • Who funds Massachusetts Institute of Technology ↗
  • Who funds ECONOMIC INNOVATION GROUP INC ↗
  • Who funds WORLD WILDLIFE FUND INC ↗
  • Who funds CLIMATE AND CLEAN ENERGY EQUITY FUND ↗
  • Who funds JOHN & MARY R MARKLE FOUNDATION ↗
  • Who funds GATES FOUNDATION ↗
  • Who funds HOPEWELL FUND ↗
  • Who funds Upstream USA Inc ↗
  • Who funds THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY ↗
  • Who funds ACCOUNTABLEUS ↗
  • Who funds NEO Philanthropy Inc ↗
  • Who funds CAMBIAR EDUCATION ↗
  • Who funds LAST MILE HEALTH ↗
  • Who funds NATURE AND CULTURE INTERNATIONAL ↗
  • Who funds UNITED NATIONS FOUNDATION INC ↗
  • Who funds THE NATURE CONSERVANCY ↗
  • Who funds THE JUST TRUST FOR EDUCATION ↗
  • Who funds New York University ↗
  • Who funds CODE FOR AMERICA LABS INC ↗
  • Who funds FLORIDIANS PROTECTING FREEDOM ↗
  • Who funds CERES INC ↗
  • Who funds FINES AND FEES JUSTICE CENTER INC ↗
  • Who funds TIDES CENTER ↗
  • Who funds Global Impact ↗
  • Who funds Manresa Island Corp ↗
  • Who funds ROCKEFELLER PHILANTHROPY ADVISORS INC ↗
  • Who funds AFF FOUNDATION ↗
  • Who funds E PLURIBUS UNUM INSTITUTE ↗
  • Who funds TIDES FOUNDATION ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

The Just Trust for Ed…Climate and Clean Ene…NEO Philanthropy IncWellspring Philanthro…Windward FundThe Susan Thompson Bu…State VoicesHopewell FundCenter for Community …Democracy Fund IncFoundation to Promote…Proteus Fund Inc
The Just Trust for EducationNC108.8× affinity84 shared granteesties to 10 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Just Trust for Education · Climate and Clean Energy Equity Fund · NEO Philanthropy Inc · Wellspring Philanthropic Fund Inc · Windward Fund · The Susan Thompson Buffett Foundation · State Voices · Hopewell Fund · Center for Community Change · Democracy Fund Inc · Foundation to Promote Open Society · Proteus Fund Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization New Venture Fund funds: left to right is the share of its income from government, bottom to top the share from New Venture Fund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 140%6%25%56%100%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 8%
  • Bonneville Environmental Foundation: 100% of income from government
  • Massachusetts Institute of Technology: 35% of income from government
  • Johns Hopkins University: 12% of income from government
  • The Trustees of Princeton University: 11% of income from government
  • Casa Inc: 8% of income from government
  • President and Fellows of Harvard College: 7% of income from government
  • Northeastern University: 7% of income from government
  • Upstream Usa Inc: 4% of income from government
  • Code for Science & Society Inc: 2% of income from government
  • Ceres Inc: 0% of income from government
no gov moneyreceives it· size = income
14get no government money at all
18report government grants on their 990 we could not trace to a source (not plotted)
1rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 2000 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on New Venture’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home