New Venture Fund
For The Oakland Fund For Public Innovation
The mission of the Oakland Fund for Public Innovation (OFPI), a project housed at the New Venture Fund, is to engage public- and private-sector partners to innovate, test, and scale ideas that will enhance and help improve the city of Oakland. This fund is strategically positioned to leverage the resources and strengths of the public and private sectors to support city priorities. The Hewlett Foundation’s support will help OFPI tackle some of Oakland’s most complex issues of income inequality, housing, employment, and racial equity, with a focus on the most vulnerable communities in the city.
About the Grantee
1828 L Street NW, Suite 300 – A, Washington, DC, 20036, United States
Grants to this Grantee
for the SumOfUs
The Hub Education and Engagement Fund is a project of the New Venture Fund, a nonprofit that hosts and incubates a wide range of charitable projects, in conservation, education, global health, and other areas. The fund will undertake the SumOfUs project, which aims to advance a race-conscious economic narrative to replace the zero-sum paradigm that undergirds so many neoliberal policy debates. The project will amplify the core concepts from the 2021 book by Heather McGhee, “The Sum of Us,” marshalling evidence of racism’s role in the rise of neoliberalism and inequality, while promoting solutions for broad-based prosperity. The grant supports multimedia content creation, strategic communications, virtual convenings, research, advising and program support, and administration. Broader understanding of the intersections of race and class will improve policy design and help to provide a new common sense within the field of economic justice experts and advocates.
for the Public Interest Technology University Network (PIT-UN) Fund
The Public Interest Technology University Network (PIT-UN) has grown to 48 institutions, helping to define and develop the PIT ecosystem within academia. In order to support its mission, PIT-UN established the PIT-UN Challenge Fund, which is fiscally sponsored by New Venture Fund. Through the creation of courses and educational programming, PIT-UN offers career pathway models for practitioners-in-training, supports faculty in their efforts to ensure that PIT is recognized and respected as a discipline, and invests $7.8 million in supporting projects that are building a skilled and diverse pipeline of PIT practitioners. This grant provides general support for the PIT-UN Fund.