In 2013, we launched a joint effort with Deloitte to provide social impact organizations with the same caliber of strategic support that Fortune 500 companies are able to access. The close relationship that exists between our teams continues to be a critical part of New Profit’s impact story.
Each year, Deloitte consultants and New Profit team members team up to lead pro bono strategy projects for a set of New Profit portfolio organizations. Working together with their leadership teams, we help our grantee partners pursue impact at scale by engaging in projects focused on leadership and board development, monitoring and evaluation, financial sustainability, impact modeling, and growth strategy.
To date, Deloitte and New Profit have collaborated to lead pro bono strategy projects to scale the impact of more than 50 New Profit portfolio organizations that collectively reach millions of people across America. In addition to strategy work, our collaboration draws on Deloitte’s broader capabilities including digital strategy, human capital, and advisory services to advance the work of New Profit and our portfolio, and to advance sector thinking and conversations.
In 2021, Deloitte announced a continuation and expansion of their collaboration with us, which included a $3M investment to support New Profit’s Proximate Capital Fund. The fund aims to strengthen our nation’s capacity to solve problems and re-architect systems by directly investing in leaders most proximate to solutions.
In addition, through a $1.5M investment from the Deloitte Health Equity Institute, New Profit will provide unrestricted capital and in-kind capacity building support to eight diverse early-stage health equity nonprofits as part of the inaugural Health Equity Cohort. Through these investments, New Profit can begin to address the vast underinvestment in innovative health equity research and solutions while also gaining insights into the health equity field.
We are grateful to our friends and colleagues at Deloitte for their continued trust and support. Together, we can help create an America where everyone will thrive.