Organization · Grant Maker
New Impact Fund
New Impact Fund is a grant-making organization based in the Twin Cities that provides access to capital for BIPOC entrepreneurs. It aims to address funding inequities faced by BIPOC-owned businesses through flexible and concessionary loans.
Overview
What New Impact Fund does
What New Impact Fund is
New Impact Fund is a grant-making organization based in the Twin Cities that provides access to capital for BIPOC entrepreneurs. It aims to address funding inequities faced by BIPOC-owned businesses through flexible and concessionary loans.
How it participates in the startup ecosystem
The current public profile supports funder and grantor capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Grant Maker
- Structured capabilities
- Funder · Grantor
- Last reviewed
- March 5, 2026
Official channels
Find New Impact Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
New Impact Fund as a funder
Investment thesis
New Impact Fund invests in BIPOC-owned ventures by providing low-cost, concessionary, and flexible capital. The organization aims to create transformational change in the wealth creation narrative for BIPOC businesses.
Focus narrative
New Impact Fund invests in BIPOC-owned ventures by providing low-cost, concessionary, and flexible capital. The organization emphasizes its unique approach to funding, which includes access to networks and social capital from high-net-worth investors. NIF is characterized by its willingness to take on risk that other lenders may avoid.
Focus and fit
- Regions
- North America
Availability
- Currently deploying
- Not published
Capability profile
New Impact Fund as a grantor
Grant thesis
New Impact Fund is dedicated to providing access to capital for BIPOC business owners, addressing the inequities they face in securing funding.
Focus narrative
New Impact Fund focuses on investing in BIPOC-owned ventures by providing low-cost, concessionary, and flexible capital. The organization emphasizes its unique approach to funding, which includes access to networks and social capital from high-net-worth investors. NIF is characterized by its willingness to take on risk that other lenders may avoid, aiming to create transformational change in the wealth creation narrative for BIPOC businesses.
Grant economics
- Dilutive
- No
- Nonprofit only
- No
Eligibility and fit
- Stages
- Friends and Family · Angel · Pre-seed · Seed
- Audience
- Founders
- Inclusion focus
- minority-founded
- Regions
- United States
Common questions
What to know about New Impact Fund
Upseed classifies New Impact Fund under the Grant Maker organization type. Its current public profile includes funder and grantor capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.