New Venture Fund (NVF)
The New Venture Fund, a 501(c)(3) public charity, supports innovative and effective public interest projects. NVF was established in 2006 in response to demand from leading philanthropists for an efficient, cost-effective, and time-saving platform to launch and operate charitable projects. They execute a range of donor-driven public interest projects in conservation, global health, public policy, international development, education, disaster recovery, and the arts. More than half of the 50 largest US grantmaking foundations have funded projects hosted at NVF, including 8 of the top 10.
NVF is overseen by an independent board of directors that has extensive experience in philanthropy and nonprofit management. NVF is managed under an administrative agreement with Arabella Advisors, a leading national philanthropy services firm that helps philanthropists and investors find innovative ways to achieve greater good with their resources. NVF has collaborated with Arabella on successful projects for many of philanthropy’s leading players and institutions, and the two organizations share a commitment to evaluation and measuring impact.
To date, NVF has run over 120 projects across a range of issues, both domestically and abroad. In 2013, NVF managed over $90 million in funding for 100 projects. Each project operates with guidance from a project advisory board, under the supervision of NVF’s board of directors.
NVF works with projects in both streamlined and comprehensive fiscal sponsorship models. In a streamlined fiscal sponsorship, a project runs its own operations, while NVF accepts donations to support the project’s activities and confirms that the project’s activities are charitable and educational. With comprehensive fiscal sponsorship, NVF hosts the project’s operations, providing financial account management and oversight, in addition to other support.See more