New Profit Inc.

Tear the Paper Ceiling Gains Momentum As It Celebrates First Anniversary

Retrieved on: 
Wednesday, November 1, 2023
ACT, Civic, Shift, Cloud, Onward, Workplace, Chevron, Bill, ARF, Greater Houston Partnership, Council, Private sector, Partnership, Bloomberg, Tear, JFF, Workforce, Organization, Internet, Gap, Comcast, Ecosystem, Traction, Trane, Investment, James Irvine Foundation, College Board, Paper, Walmart, Reus, UX, Star, Bill & Melinda Gates Foundation, Navy, Movement, IBM, Education, SkyHive, Old Navy, Public sector, Opportunity, Rockefeller Philanthropy Advisors, Language, Ad Council, PSAT/NMSQT, PSAT, STAR, Airline, Creative industries, Management, Nursing, Tutoring, New Profit Inc.

In the first year of the initiative, Tear the Paper Ceiling corporate partners collectively opened up more than 34,000 jobs to STARs.

Key Points: 
  • In the first year of the initiative, Tear the Paper Ceiling corporate partners collectively opened up more than 34,000 jobs to STARs.
  • “The past year is only the beginning of a national effort to tear the paper ceiling.
  • Most importantly, Tear the Paper Ceiling coalition corporate partners are actively working to create more opportunities for STARs at their own companies.
  • SkyHive has integrated its AI-powered skills software with fellow Tear the Paper Ceiling Coalition member Workday’s Human Capital Management and Skills Cloud solutions.

The Leadership Consortium Named to Inc.'s Second Annual Power Partner Awards

Retrieved on: 
Thursday, October 26, 2023
Harvard Business School, New Profit Inc., Life, Organization, Entrepreneurship, MBA, State Farm, B2B, ROI, HubSpot, Momentive (software company), Record, Advantage Business Media, IBM, Perception, TLC, Management, Bose

CAMBRIDGE, Mass., Oct. 26, 2023 /PRNewswire-PRWeb/ -- Inc. Business Media today announced The Leadership Consortium ("TLC") has been named a winner of the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and high growth companies on a global scale.

Key Points: 
  • The Leadership Consortium ("TLC") has been named a winner of the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and high growth companies on a global scale.
  • CAMBRIDGE, Mass., Oct. 26, 2023 /PRNewswire-PRWeb/ -- Inc. Business Media today announced The Leadership Consortium ("TLC") has been named a winner of the second annual Power Partner Awards , honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and high growth companies on a global scale.
  • "We are honored to be included on Inc's Second Annual Power Partner's list of high performing B2B companies," stated Cara Shortsleeve, Co-Founder and CEO of The Leadership Consortium ("TLC").
  • TLC has revolutionized the leadership development space and created one of the most well respected and high impact leadership development programs today.

New Profit Launches "Say More" Podcast, Featuring Radically Candid and Joyful Conversations with Changemakers

Retrieved on: 
Wednesday, September 27, 2023
COVID-19, Entrepreneurship, Partnership, Apple Podcasts, Social change, Host, Mail order, Spotify, New Profit Inc.

BOSTON, Sept. 27, 2023 /PRNewswire/ -- Today, New Profit, a venture philanthropy organization that backs social entrepreneurs who are advancing equity and opportunity in the U.S., launched "Say More with Tulaine Montgomery." The new podcast series features New Profit CEO Tulaine Montgomery in conversation with influential leaders, philanthropists and activists about America's future, exploring what it will take to build a thriving multiracial, multicultural and intergenerational society.

Key Points: 
  • Hosted by New Profit CEO Tulaine Montgomery, Say More is a series of dialogues with people who are building an America where everyone can thrive.
  • BOSTON, Sept. 27, 2023 /PRNewswire/ -- Today, New Profit , a venture philanthropy organization that backs social entrepreneurs who are advancing equity and opportunity in the U.S., launched " Say More with Tulaine Montgomery ."
  • The new podcast series features New Profit CEO Tulaine Montgomery in conversation with influential leaders, philanthropists and activists about America's future, exploring what it will take to build a thriving multiracial, multicultural and intergenerational society.
  • Listen to "Say More with Tulaine Montgomery" on Apple Podcasts , Spotify , or wherever you get your podcasts.

New Profit Announces New CEO & $40M Funding Pledge During 25-Year Transitional Period

Retrieved on: 
Wednesday, June 21, 2023
TechCrunch, Overalls, Lead, The Echoing Green (book), Organization, MSNBC, Chairperson, Bias, VC, Cryptocurrency, Management, New Profit Inc.

BOSTON, June 21, 2023 /PRNewswire/ -- After 25 years as a leading venture philanthropy organization, New Profit is appointing new leadership. Founder Vanessa Kirsch is passing the baton to social impact leader Tulaine Montgomery, who will assume sole responsibility as CEO on July 1, 2023. Montgomery was a member of the original 'idea team' that designed and helped launch New Profit in 1998.

Key Points: 
  • Founder Vanessa Kirsch is passing the baton to social impact leader Tulaine Montgomery, who will assume sole responsibility as CEO on July 1, 2023.
  • Montgomery was a member of the original 'idea team' that designed and helped launch New Profit in 1998.
  • During this transition, New Profit will celebrate its 25th anniversary, highlighting the organization's accomplishments while sharing its vision for the next quarter century.
  • New Profit has recently pledged $40M alongside Echoing Green and the Ballmer Group to Black non profit owners.

Eagle Venture Fund Invests in Profit Inc Holdings, a Fintech That Helps Businesses Dramatically Improve Their Profitability

Retrieved on: 
Tuesday, April 25, 2023
New Profit Inc., Boston Consulting Group, Balanced scorecard, Boston, Consultant, Q-analysis, Harvard Business School, Growth, Health, Software, Retail

FORT WORTH, Texas, April 25, 2023 /PRNewswire-PRWeb/ --  Eagle Venture Fund is pleased to announce its recent investment in Profit Inc Holdings, a software startup focused on improving the profitability of small-to-medium sized businesses.

Key Points: 
  • Eagle Venture Fund is pleased to announce its recent investment in Profit Inc Holdings, a software startup focused on improving the profitability of small-to-medium sized businesses.
  • Profit Inc's proprietary software enables management teams to monitor their business health with an in-depth profitability analysis, branded as a Pi.QSM Analysis.
  • FORT WORTH, Texas, April 25, 2023 /PRNewswire-PRWeb/ --  Eagle Venture Fund is pleased to announce its recent investment in Profit Inc Holdings, a software startup focused on improving the profitability of small-to-medium sized businesses.
  • Profit Inc's proprietary software enables management teams to monitor their business health with an in-depth profitability analysis, branded as a Pi.Q Analysis.

XPRIZE Announces Conclusion of Rapid Reskilling Competition

Retrieved on: 
Tuesday, January 24, 2023
Thought Leadership, Human Resources, Professional Services, Philanthropy, Education, Foundation, Training, Business, Woman, Construction, Community, Partner, Future, Office administration, Organization, Association of Medical Secretaries, Practice Managers, Administrators and Receptionists, Rapids, Policy, WA, Transport, Employment, VITAL, COVID-19, New Profit Inc., MA, Nursing, Industrial design, Management, XPRIZE, Hospitality, Health care

XPRIZE , the world’s leader in designing and operating incentive competitions to solve humanity’s grand challenges, today announced the conclusion of its Rapid Reskilling competition.

Key Points: 
  • XPRIZE , the world’s leader in designing and operating incentive competitions to solve humanity’s grand challenges, today announced the conclusion of its Rapid Reskilling competition.
  • In June 2020, XPRIZE Rapid Reskilling launched to respond to this crisis by challenging teams to develop and demonstrate effective, rapid job training and reskilling solutions for these communities.
  • “We are grateful for the impressive work of the finalist teams in our Rapid Reskilling competition, all of whom developed and demonstrated effective, rapid job training and reskilling solutions for members of communities most vulnerable to employment and wage loss,” said XPRIZE CEO Anousheh Ansari.
  • “The results of the XPRIZE Rapid Reskilling competition represent important progress in innovation around job training, particularly for communities most impacted by pandemic job losses, the digital skills gap, and entrenched barriers to economic mobility.

Deloitte US Announces $1.5 Billion Social Impact Investment to Foster a More Equitable Society

Retrieved on: 
Tuesday, September 27, 2022
Workforce, Equitable, Morehouse School of Medicine, Black Economic Empowerment, MADE, Social responsibility, Posse Foundation, NEW, Organization, Greater Washington Partnership, World Economic Forum, Investor, Health equity, Investment, Social change, Foundation, Social mobility, Ecosystem, Trust, Fortune 500, Multimedia, African Americans, Education, Creative industries, Public utility, Accounting, Deloitte, Sustainability, New Profit Inc., Black

NEW YORK, Sept. 27, 2022 /PRNewswire/ -- Today, Deloitte announced a $1.5 billion investment in social impact focused on three areas vital to helping create equity in society: education and workforce development, financial inclusion, and health equity. This investment builds off Deloitte's existing social responsibility efforts and leverages cross-sector capabilities that have been established and evolved over the organization's more than 175-year history.

Key Points: 
  • This investment builds off Deloitte's existing social responsibility efforts and leverages cross-sector capabilities that have been established and evolved over the organization's more than 175-year history.
  • Through this 10-year commitment, Deloitte will work with leaders, organizations, and communities closest to the issues to help build pathways for social mobility and economic prosperity.
  • To start, Deloitte is making a five-year investment to supplement capabilities that can enhance the Foundation's efforts to deliver on its mission.
  • "Deloitte is proud to work with innovative and forward-thinking organizations to make a sustained impact together," said Alicia Rose, deputy CEO at Deloitte.

Alelo, Career Path Services, and WholeStory collaborate in $5M XPRIZE to reinvent workforce development on the West Coast

Retrieved on: 
Thursday, July 21, 2022
Carbon, HWRC, Education, Environment, Poverty, Digital, XPRIZE, Doctor of Philosophy, CEO, Mata o le Alelo, Government, Solution, Workforce, HRWC, Organization, Work, Technology, Workplace, New Profit Inc., Life, LOS, Eternity: Our Next Billion Years, Management, Hampton Roads

LOS ANGELES, July 21, 2022 /PRNewswire-PRWeb/ -- WholeStory, Career Path Services, and Alelo are participants in the $5M global XPRIZE Rapid Reskilling competition sponsored by New Profit. Until now, the three organizations represented two of the final five teams in the competition: Team Dignified Work (Career Path Services and WholeStory) and Team Alelo. Now Team Alelo is rolling into Team Dignified Work, further strengthening the combined team's ability to address core problems in workforce development and leaving only four finalists in the competition.

Key Points: 
  • LOS ANGELES, July 21, 2022 /PRNewswire-PRWeb/ -- WholeStory , Career Path Services , and Alelo are participants in the $5M global XPRIZE Rapid Reskilling competition sponsored by New Profit.
  • Until now, the three organizations represented two of the final five teams in the competition: Team Dignified Work (Career Path Services and WholeStory) and Team Alelo.
  • Dignified Work's WholeStory platform helps trainees qualify and apply for jobs by highlighting the critical soft skills gained through work and life experiences.
  • And Career Path Services leverages deep community ties and human-centered solutions to unite trainees and employers in the public workforce system.

Humanitas Secures Seed Funding - Furthers Mission to Counteract Increasingly Biased and Inaccurate Algorithms

Retrieved on: 
Wednesday, May 18, 2022
People, Internet, API, Engineering, Algorithm, Solution, DEI, Google AI, Meta, Color, Marketing, CTO, FiscalNote, PALO, CEO, Cryptocurrency, Renewable energy, New Profit Inc., Humanitas, Expedia, Google

PALO ALTO, Calif., May 18, 2022 /PRNewswire/ -- Humanitas Technologies, the impact data infrastructure startup that is building a universal diversity, equity, and inclusion (DEI) API or "Grammarly for DEI", officially announces they've secured $1.5M in seed funding. Strategic investors include Francoise Brougher, Jeff Walker, Mark Tercek, and founders and executives from FiscalNote, Mammoth Biosciences, Cymantix, Google AI, Expedia, Meta, and more.

Key Points: 
  • The funds will enable Humanitas to expand engineering capacities to continue building upon its mission of counteracting an increasingly sexist and racist internet.
  • Algorithms powering enterprises today are not designed to account for this seismic demographic shift," said Phil Chow, CEO and co-founder of Humanitas.
  • "Current enterprise algorithms lack a quantifiable and personalized DEI perspective that end-users expect," said Aravindh Ravisankar, CTO and co-founder of Humanitas.
  • Humanitas Technologies is on a mission to counteract an increasingly racist and sexist internet.

CodePath Partners with Course Hero, Schmidt Futures, and Workday to Host Pre-Internship Program to Close the Tech Equity Gap

Retrieved on: 
Thursday, May 5, 2022
Workplace, CS, John S. and James L. Knight Foundation, Student, University, SITE, Salesforce, Program, Family, Industry, Course Hero, Leadership, Learning, Data science, Meta, Comcast, Education, Information, Introduction, CEO, Technology, Research, SAN, Walmart, Curriculum, Information technology, Management, Medicine, Tutoring, New Profit Inc.

SAN FRANCISCO, May 5, 2022 /PRNewswire/ -- CodePath, a national nonprofit working to diversify the nation's tech industry in the next 10 years, today announced it is partnering with tech leaders Course Hero and Workday, with the support of Schmidt Futures, to host a 10-week, paid pre-internship program to prepare rising college juniors for careers in tech.

Key Points: 
  • The Summer Internship for Tech Excellence (SITE) program addresses a key barrier to underrepresented students' presence in technology - early access to coveted internships at tech companies.
  • This program will help build the foundational knowledge and skills students will need as they continue to pursue a career in tech.
  • CodePath is a 501 (c)(3) nonprofit that partners with colleges and major tech companies to prepare underserved computer science students for careers in tech.
  • CodePath is supported by Andreessen Horowitz, Blue Meridian Partners, Cognizant Foundation, Comcast, Knight Foundation, Meta, New Profit, Salesforce, Walmart, and Workday.