Nonprofits›New Impact Fund

Philanthropy, Voluntarism & Grantmaking Foundations

New Impact Fund

MINNEAPOLIS, MN

WebsiteView as a funder

Total revenue

$784K

Total expenses

$1.0M

Net assets

$1.0M

Grants received

$1.7M

31 grants

EIN

465187324

Tax year

2024

Mission

To connect bipoc entrepreneurs in twin cities neighborhoods with the financial and social capital they need to grow and sustain their businesses by activating untapped individual wealth, ultimately working to eliminate the racial wealth gap in our local ecosystem.

Financials

FY 2024

Revenue

Contributions & grants$629K
Program service revenue$155K
Investment income—
Other revenue—
Total revenue$784K

Expenses

Grants paid—
Salaries & benefits$290K
Fundraising$42K
Other expenses$715K
Total expenses$1.0M
Total assets$1.1M
Net assets$1.0M

People

4 listed

NameRoleCompensation

ALICIA R PHILLIPS

EXECUTIVE DI

Board

$172K

40 hrs/wk

TJ TICEY

CHAIR

Board

—

2 hrs/wk

SUSAN F SHANK CFA

TREASURER

Board

—

2 hrs/wk

ALEX DASHE

SECRETARY

Board

—

2 hrs/wk

Grants received

Showing 31 of 31

FromAmountPurposeYear
The McKnight Foundation
$125K
for general operating support
2024
THE MINNEAPOLIS FOUNDATION
$113K
DONOR ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
2024
TARGET FOUNDATION
$25K
ECONOMIC OPPORTUNITY - HOMETOWN
2024
MINNEAPOLIS JEWISH FEDERATION
$10K
GENERAL OPERATING SUPPORT
2024
DONOR ADVISED CHARITABLE GIVING INC
$141K
PUBLIC, SOCIETAL BENEFIT
2023
THE MINNEAPOLIS FOUNDATION
$128K
DONOR-ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
2023
The McKnight Foundation
$100K
For general operating support
2023
ROOTED PHILANTHROPIC
$75K
GENERAL SUPPORT
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$65K
For grant recipient's exempt purposes
2023
TARGET FOUNDATION
$25K
ECONOMIC OPPORTUNITY - HOMETOWN
2023
CATHOLIC COMMUNITY FOUNDATION
$20K
GENERAL OPERATING
2023
MINNEAPOLIS JEWISH FEDERATION
$15K
GENERAL OPERATING SUPPORT
2023
NATIONAL PHILANTHROPIC TRUST
$10K
HEALTH
2023
JACOBSEN FAMILY FOUNDATION
$10K
GEN OP
2023
NEVILLE FAMILY FOUNDATION
$7K
GENERAL PROGRAM SUPPORT - CAPITAL FOR BLACK WEALTH OPPORTUNITIES
2023
DRISCOLL FOUNDATION
$5K
OPERATING EXPENSES
2023
BAIRD FOUNDATION INC
$200
OTHER
2023
CATHOLIC COMMUNITY FOUNDATION
$100K
GENERAL OPER
2022
The McKnight Foundation
$100K
For general operating support
2022
OTTO BREMER TRUST
$50K
GENERAL OPERATIONS
2022
PRITSCHET FOUNDATION
$38K
TO SUPPORT THE ORGANIZATION'S MISSION
2022
THE MINNEAPOLIS FOUNDATION
$20K
DONOR-RECOMMENDED, PHILANTHROPY
2022
DONOR ADVISED CHARITABLE GIVING INC
$18K
PUBLIC, SOCIETAL BENEFIT
2022
NATL CHRISTIAN CHARITABLE FDN INC
$10K
GROWTH
2022
NATL CHRISTIAN CHARITABLE FDN INC
$10K
GROWTH
2022
DONOR ADVISED CHARITABLE GIVING INC
$209K
PUBLIC, SOCIETAL BENEFIT
2021
THE MINNEAPOLIS FOUNDATION
$155K
DONOR-RECOMMENDED, PHILANTHROPY
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$32K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$32K
For grant recipient's exempt purposes
2021
THE MINNEAPOLIS FOUNDATION
$39K
GENERAL OPERATING SUPPORT
2020
DONOR ADVISED CHARITABLE GIVING INC
$29K
PUBLIC, SOCIETAL BENEFIT
2020

Funded by

$1.7M from 16 funders · 31 grants · 2020–2024

The Minneapolis Foundation

$454K · 5 grants · 2020–2024

Donor Advised Charitable Giving Inc

$396K · 4 grants · 2020–2023

The McKnight Foundation

$325K · 3 grants · 2022–2024

Fidelity Investments Charitable Gift Fund

$130K · 3 grants · 2021–2023

Catholic Community Foundation

$120K · 2 grants · 2022–2023

Rooted Philanthropic

$75K · 1 grant · 2023

Otto Bremer Trust

$50K · 1 grant · 2022

Target Foundation

$50K · 2 grants · 2023–2024

Details

EIN465187324
NTEE codeT50
Subsection03
Ruling date2014-09
Formed2014
Employees2
NEW IMPACT FUND — Mission, Financials & Grants Received | Grantivo