New Profit Announces $1 Million Reinvestment
On July 12, 2016, New Profit announced a $1 million reinvestment in Turnaround for Children. New Profit is a national nonprofit venture philanthropy fund working to break down systemic barriers to opportunity in America. The organization has been a strategic partner of Turnaround since 2010. The $1 million reinvestment will be split between its Reimagine Learning Fund and the Innovation Fund.
Through its reinvestment, the Reimagine Learning Fund will work with Turnaround to deepen its efforts in high-poverty schools to help all students develop the skills and mindsets that are requisite for success in school and beyond. In addition to its reinvestment dollars, New Profit will provide additional strategic supports and advice through its Deal Partner and the Reimagine Learning network.
Read the press release here.