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New Venture Fund

New venture fund, a 501(c)(3) nonprofit organization, aims to help build a just, equitable, and sustainable future by getting the right types of philanthropic capital into the hands …

Environment Washington, DC EIN: 205806345 (IRS) Sign up to see website
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77
Integrity Assessment
Strong transparency
77/100 · methodology

About New Venture Fund

New Venture Fund is a environment organization based in WASHINGTON, United States. Annual revenue: $963.8 million. 0% of spending goes directly to programs. EIN: 205806345.

Founded
Headquarters
Washington, DC
Foundation type
Publicly-supported charity (509(a)(2))
NTEE code
C05
IRS subsection
501(c)(c3)
Ruling date
Size
major

Verified certifications

Confirmed against the issuing authority - not self-reported.

IRS Tax-Deductible since 2007

Mission

New venture fund, a 501(c)(3) nonprofit organization, aims to help build a just, equitable, and sustainable future by getting the right types of philanthropic capital into the hands of people with the right ideas, at the right times, in the right places to accomplish needed change. To allow nonprofit leaders to focus on the work at hand, we offer fiscal sponsorship support, which means we provide tools and administrative support, including human resources, legal, accounting, and compliance services, enabling initiatives to get off the ground quickly and operate more efficiently.

Focus areas & reach

· What they work on and where

How it stacks up against peers

· vs. 8 similar environment in United States
Program spending This charity: 95%
Peer average: 77%
CEO comp as % of revenue This charity: 0.07%
Peer average: 0.48%
Integrity Assessment This charity: 77
Peer average: 90

Concerns

· None found
No red flags found
Screened for IRS revocation history, Open investigations, Governance scandals, Related-party deals, Excessive exec comp.

Where every $1 goes

· FY2024 · IRS 990 (FY2024)
$0.95
Program$0.95
95% to programs beats the peer average (77%) and beats the Charity Navigator "highly efficient" threshold (75%).

GiveRadar Analysis

Original analysis from GiveRadar's dataset of comparable organizations

Based on the records currently verified by GiveRadar, New Venture Fund has a complete profile, cross-referenced across 4 independent sources including the IRS.

  • By reported annual revenue, it is larger than 99% of the 13,369 environment charities in the United States with financial records on GiveRadar. See the filings
  • GiveRadar has verified more about this organization than about 86% of the 30,143 environment charities in the United States it tracks, because GiveRadar has verified its financial disclosures and its governance. Most of those have little verified data on record yet. View this cohort
  • It has more complete governance disclosure than nearly all similar organizations, because GiveRadar has verified leadership, executive compensation, a mission statement and a founding date. See national comparisons
GiveRadar has verified
  • government registration
  • financial records (5 filed years)
  • disclosed leadership
  • a website
  • third-party accreditation
Not yet verified by GiveRadar
  • a contact email
  • a donation page
  • an owner-submitted profile claim

Analysis based on GiveRadar's benchmark dataset of 2026-07-03. It describes what GiveRadar has verified, not a judgment of the organization itself.

Common questions

· Auto-generated from filings + methodology

New Venture Fund is a registered environment nonprofit based in Washington, DC, United States. It is registered with the Internal Revenue Service (IRS). It was founded in 2006 and has been operating for 20 years. Its EIN is 205806345. According to GiveRadar's records, it holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. GiveRadar's Integrity Assessment for the organization is 77/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $662M in annual revenue. 67 officers and directors are publicly disclosed. No red flags have been detected.

New Venture Fund's EIN (Employer Identification Number) is 205806345. This is the organization's IRS tax identification number; you can use it to verify tax-exempt status and to look up its Form 990 filings with the IRS.

New Venture Fund has a GiveRadar Integrity Assessment of 77/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 77 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. The charity allocates 95% of expenses to programs, which contributes positively to its score. For comparison, the average integrity assessment for environment charities in United States is 90/100.

New Venture Fund is located in Washington, DC, United States. The organization was established in 2006 and has been active for 20 years.

Based on official tax filings, New Venture Fund has $662M in annual revenue. It allocates 95% of expenses to programs and services. This is above the average of 77% for environment charities in United States. Its revenue is significantly above the peer average of $2M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

New Venture Fund is classified as an Environment organization, registered in United States. It operates as a Publicly-supported charity (509(a)(2)). By size, it is categorized as a major organization. It has $662M in annual revenue. The organization has 67 disclosed officers and directors.

No red flags have been detected for New Venture Fund. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.

According to GiveRadar's records, New Venture Fund holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. It is registered with the Internal Revenue Service (IRS). It reports that 95% of expenses go to programs (the peer average is 77%). GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.

New Venture Fund is a environment organization based in WASHINGTON, United States. Annual revenue: $963.8 million. 0% of spending goes directly to programs. EIN: 205806345. New Venture Fund is classified as an environment organization registered in United States. The organization was founded in 2006.

Among environment charities registered in United States: It allocates 95% of expenses to programs, above the peer average of 77%. Its annual revenue of $662M is well above the peer average of $2M.

Yes, donations to New Venture Fund are generally tax-deductible in the United States. Its EIN is 205806345, which you can use for tax filing purposes. Donors can typically deduct contributions on their federal income tax return if they itemize deductions. Consult a tax professional for guidance specific to your situation.

Annual revenue
$100M-$1B
95% to programs
Source: IRS 990 (FY2024) why this matters
Unlock exact figures

Filing history

5 years on file from IRS 990 (FY2024): revenue, expenses, program spending, assets, and liabilities by fiscal year.

Years on record: FY2024, FY2023, FY2022, FY2021, FY2020.
Financial details are free - with a GiveRadar account

See 5 years of revenue, expense breakdowns, and balance sheet.

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Taxes

Tax-deductibility for donors

Donations may be tax-deductible for residents of United States under local rules. Confirm with the charity directly.

Always confirm tax treatment with the charity directly or your tax advisor before donating.

Staff & volunteers

From filings and published profiles

Employees
732

Leadership

From FY2024 filing

LE
Lee B•••••
President

Officers & trustees (21)

Source: Public filings

See full names, roles, and stories

21 officers and trustees on file - free with a GiveRadar account.

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Latest news

From global news sources

10 articles found

From news sources and the organization. Shown for transparency; news never affects the integrity score.

Activity timeline

Filings and press mentions, merged

Lightning Capital: $100 Million Venture Fund II Launched And Michele Griffin Joins As General Partner And COO - Pulse 2.
May 2026
pulse2.com
2026 First Quarter Venture Capital: KRW 3.3 Trillion Won—“Second Highest Ever”…Fund Formation Reaches KRW 4.4 Trillion—“
May 2026
www.kspost.biz
Robinhood’s Second Venture Fund Targets Early-Stage Private Companies - PYMNTS.com
May 2026
www.pymnts.com
UBC partners with InBC on new venture fund with $40M target - The Logic
Mar 2026
thelogic.co
Digital asset manager ParaFi raises $125 million for new venture fund: Bloomberg - The Block
Mar 2026
www.theblock.co
Prediction market rivals Shayne Coplan and Tarek Mansour back new venture fund: Fortune - The Block
Mar 2026
www.theblock.co
ParaFi Raises $125 Million for New Venture Fund Backed by Henry Kravis - Bloomberg.com
Mar 2026
www.bloomberg.com
Robinhood’s new venture fund just snapped up stakes in Stripe and ElevenLabs - CoinDesk
Mar 2026
www.coindesk.com
EXCLUSIVE: Ex-a16z Partner Michelle Volz Launches Pax Ventures with $50 Million First Fund to Bet on 'Industrial-Scale M
Mar 2026
www.newcomer.co
Jim Cramer weighs in on Robinhood's debut of its new venture fund - CNBC
Mar 2026
www.cnbc.com
Form filed
$662.4M revenue
FY2024
IRS 990
Form filed
$669.1M revenue
FY2023
IRS 990
Form filed
$755.6M revenue
FY2022
IRS 990
Form filed
$963.8M revenue
FY2021
IRS 990
Form filed
$975.5M revenue
FY2020
IRS 990

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Cause areas in United States

How many charities work in each area, with this charity's area highlighted.

Human Services 322,679
Education 195,586
Arts & Culture 133,128
Advocacy & Civil Rights 128,026
Religion 114,636
Health 98,862
Community Development 56,086
Youth Development 53,450
Environment this charity 30,143
See all cause areas in United States

Most common causes in United States

Causes charities work on most.

Community Development 235,146
Education 159,016
Religion 103,741
Arts & Culture 101,203
Human Rights 76,926
Health 65,250
Youth Development 47,775
Animal Welfare 32,425

Sources and verification

Registration and legal identity
Internal Revenue Service (IRS) - Tax Exempt Organization Search
Financial filings
IRS Form 990 filings - Fiscal year 2024 most recent on file.
Officers and trustees
Internal Revenue Service (IRS) - Tax Exempt Organization Search - 67 disclosed in the public registry.
News and media coverage
GDELT Project + Google News
Supplementary verification
Charity Navigator

Data freshness

Last updated
Jun 12, 2026
Registry checked
Jun 6, 2026
Profile completeness
100%

What we know and don't know

Exactly which public data we hold on this charity. Our score reflects transparency, not impact.

On record · 10
  • Financial data · FY2024 on record
  • Named leadership · 67 officers on file
  • Executive pay · Disclosed
  • Government registration · Registered with an official registry
  • Mission statement · Published
  • Official website · On record
  • Headquarters address · On file
  • Direct contact · Email or phone published
  • Tax-deductibility · Verified
  • Founding date · 2006
Not available · 1
  • Programs & activities
    No named programs listed by the charity

Methodology

GiveRadar builds each profile primarily from official government charity registries, supplemented where available by third-party nonprofit databases and news archives, and combines it into a single 0-100 integrity assessment. The exact sources for this charity are listed above. We don't take a cut of any donation, ever.

Read full methodology

Are you the owner or a board member?

If you represent this organization and want to correct or update its data, you can claim this listing to edit details yourself, or email [email protected] with the correct information. We review every request and respond within 30 days.

Quick facts about New Venture Fund

What is New Venture Fund?
New Venture Fund is a environment publicly-supported charity (509(a)(2)) based in Washington, United States. New Venture Fund is a environment organization based in WASHINGTON, United States. Annual revenue: $963.8 million. 0% of spending goes directly to programs. EIN: 205806345.
When was New Venture Fund founded?
New Venture Fund was founded in 2006.
Who leads New Venture Fund?
Lee Bodner serves as President.
Where is New Venture Fund located?
Headquartered in Washington, DC, United States.
What is New Venture Fund's annual budget?
Annual revenue for fiscal year 2024 is approximately $100M-$1B. 95% of expenses go to program services.
Is New Venture Fund trustworthy?
New Venture Fund has a GiveRadar Integrity Assessment of 77 out of 100 (Strong transparency). The score reflects public-data transparency: registration, financial disclosure, governance, contact details, and how recently data was refreshed. It does not measure program impact.
What is New Venture Fund's registration number?
IRS EIN: 205806345.
What is New Venture Fund's website?
http://www.newventurefund.org