IN THE NEWS
New Profit, the venture philanthropy organization, announced today an investment of $5M across five nonprofit organizations addressing economic and educational inequities in communities and school systems throughout the country. These investments are part of New Profit’s ongoing efforts to expand its portfolio of high-impact organizations led by visionary entrepreneurs who center the assets, expertise, and aspirations of the communities they serve.
The unrestricted funding is coupled with tailored capacity-building support over a four-year term to help each organization deepen its impact, broaden its scale, and drive systems-level change.
According to the Black Teacher Collaborative, Black teachers make up just 1.3% of all educators in Washington. U.S. Department of Education data showed that’s far below the 7% national average of black teachers nationwide.