New Profit Welcomes New Leadership
Tulaine Montgomery Concludes CEO Chapter; Shruti Sehra and Molly O’Donnell Appointed to Lead New Profit Forward
Boston, MA, April 8, 2026 – New Profit announced today that Tulaine Montgomery will conclude her tenure as Chief Executive Officer, launching the next phase of her work as a New Profit Proximity Fellow. The Board of Directors unanimously appointed two long-standing leaders to shape New Profit’s next era: Shruti Sehra as Chief Executive Officer and Molly O’Donnell as President. Sehra and O’Donnell bring deep institutional and sector knowledge and an enduring commitment to New Profit’s mission, grantees, and community of donors.
Montgomery served on New Profit’s founding Idea Team to help conceptualize the organization and officially joined the New Profit staff in 2012. She served at the helm of the organization for five years, first as Co-CEO and then as New Profit’s first post-founder CEO in 2023, a role that asked her to honor a founding legacy while building the institution it needed to become. Under her leadership, New Profit raised and deployed more than $100 million through the Proximate Capital Fund, directing capital toward social entrepreneurs closest to the challenges they are solving. She launched several innovations that continue to grow, including New Profit’s signature convening, The Well, and Unlocked Futures, a cohort-based program for entrepreneurs impacted by the justice system. Montgomery will remain at New Profit through May 7 to support the leadership transition.
“Leading New Profit as its first post-founder CEO has been one of the great privileges of my career,” said Montgomery. “I came to this role believing that organizations closest to the work hold the answers the field is still asking for. I leave more convinced of that than ever.”
“Tulaine carries a genuine intellectual vision for what social change leadership can look like when rooted in proximity,” said Steve Jennings, New Profit Board Chair. “She leaves New Profit positioned for a stronger future and we are proud to support her next chapter.”
Throughout her tenure, Montgomery advanced her leadership thesis that fearlessness and love are operative forces capable of transforming institutions and communities, a framework that has shaped how New Profit thinks about its grantees, its team, and its own evolution. She leaves behind not just programs and capital deployed, but a deeper belief system embedded in the organization’s DNA. As a Proximity Fellow, Montgomery will continue to develop her framework for proximate, love-centered leadership through writing, convening, and public thought leadership, with New Profit’s support.
That foundation informed a deliberate and careful succession process. The Board identified two leaders who have spent years building on that foundation from the inside — and who are uniquely positioned to carry it forward.
“Shruti and Molly have a deep understanding of New Profit’s work, and also its potential,” said Jennings. “They have the trust of everyone in our community — our investors, our social entrepreneurs, and our staff — because of the results they have delivered time and time again.”
Sehra joined New Profit in 2006, and over that time has successfully developed and executed major initiatives that connect funders, field leaders, and social innovators across issue areas. She was a key architect of New Profit’s Field Building vertical, and the leader of flagship programs including Reimagine Learning, which raised and deployed $38 million to 25 organizations over six years, engaged a network of more than 700 education leaders, and reached 7 million students nationwide. Sehra also led the organization’s Education Portfolio for 14 years, sharpening its strategic focus on high-impact investment areas to generate transformative outcomes.
“I’ve spent two decades at New Profit, seeing what happens when proximate leaders get the right resources and trust,” said Sehra. “This moment calls for more of that—and I’m honored to lead the organization forward with that conviction at the center.”
O’Donnell joined New Profit in 2015 and has served as Managing Partner of Portfolio Investments since 2022, growing the portfolio to the largest and most diverse in New Profit’s history—across model, issue area, and communities served—while consistently achieving a greater than 90 percent grantee satisfaction rate. O’Donnell played a central role in securing New Profit’s largest-ever single gift, a $50M investment that helped launch a new philanthropic vehicle to expand the organization’s capacity to serve proximate leaders. She also led the development of the Impact Compass, a multi-phase initiative that engaged a broad set of community members to redefine how the organization measures success.
Eliza Greenberg will be helping to support the transition while moving from the President role into a Senior Advisor role. In this capacity, she will continue to support and advise social entrepreneurs, staff, and ecosystem leaders and partners to create lasting and meaningful impact for the sector.
“Shruti and Molly have spent years developing the teams, the relationships, and the results that make New Profit what it is today,” said Kwasi Mitchell, New Profit Governance Chair. “They are exactly who we need to shape what comes next.”
“The most powerful thing New Profit does is build bridges for investors and social entrepreneurs to move together,” said Vanessa Kirsch, New Profit Founder and Senior Partner. “Shruti and Molly have been building those bridges for years. There’s no one better positioned to lead that work.”
Sehra and O’Donnell assume leadership at a pivotal moment for the sector—one that demands both steadiness and ambition. The two leaders bring a combined three decades of New Profit experience, a track record of results, and deep relationships across the investor and social entrepreneur community. They will be supported by an experienced senior leadership team whose expertise spans New Profit’s programmatic, philanthropic, and operational work. Together, they will advance New Profit’s strategic priorities and strengthen its capacity to serve the social entrepreneurs at the center of its mission.
“New Profit has always believed that the leaders closest to the issues are closest to the solution,” said O’Donnell. “Our commitment is to ensure that our work—how we invest, how we partner, how we show up—reflects that belief today and in the years ahead.”
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For Media Inquiries: Nikhil Gehani, [email protected]
About New Profit
New Profit is a venture philanthropy organization that catalyzes the impact of social entrepreneurs who are expanding access and opportunity in America. We provide capital, capacity, and community to a portfolio of organizations to increase their impact, scale, and sustainability. And we partner with social entrepreneurs, philanthropists, and cross-sector leaders to shift how the philanthropic sector pursues social change and ensures that everyone in America can thrive. Since 1998, New Profit has invested over $350M in 275+ high-impact organizations serving more than 35 million people in all 50 states.