The 2021 ASU + GSV Summit, which brings together education stakeholders and leaders, is just a few weeks away. The era of digital learning is previewing what to expect. Host Kevin Hogan had a great discussion with NewProfit Co-CEO Tulaine Montgomery. NewProfitis is a venture charity founded by and for social entrepreneurs.
At this year’s event, Montgomery will win the Innovator of Color Award. Regarding honor, Montgomery said, which was a surprise to me. I participate in a cohort that I have admired for a long time. The confirmation that it depended on something.
Next, Montgomery talked about the work of New Profit. We provide unlimited financial and capacity support to socially influential leaders. We were early investors and supporters of organizations such as Teach for America and Girl Trek.
Montgomery has accelerated the pace at which organizations and leaders have access to resources when talking about changes in their approach during COVID. Partnering with groups like the Family Independent Initiative will inform you of your needs for a community-level relationship.
“Community-level proximity and relationships are important to support and serve those who benefit from philanthropy. – Tulaine Montgomery
New Profit is in a unique position to support the community, and Montgomery believes it’s because of its proximity. There was a deliberate funding initiative from the government, but many missed the market due to lack of relationships at the community level.
Pandemics have also changed the relationship between social leaders and investors. There was a broken loop in the space because the community, student, or entity that would benefit from funding did not have input. It has changed some and philanthropists are now more responsible for this.
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