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Next Generation Venture Fund

  • Next Generation Venture Fund
  • 1121 West Main Street
  • Durham, NC 27701
  • 919-668-9100
  • 2004

Program Description

The Next Generation Venture Fund (NGVF) is a scholarship program that invests in academically talented students from African-American, Latino, and Native American backgrounds. Many of the NGVF scholars are first generation students. They are enrolled in the program from grades 8th-12th. NGVF ultimately builds a pipeline for high potential students from diverse backgrounds that lead to success in middle school, high school, college, and careers by providing opportunities and leadership roles that might otherwise be missed.

Overview

NGVF was established in 2004 by the Goldman Sachs Foundation. It is now a joint venture between three talent searches and the combined regions they serve. The talent searches include the following: The Duke Talent Identification Program (TIP), Northwestern University Center for Talent Development (CTD), and the Center for Bright Kids (CBK). The NGVF students were initially identified through participation in these talent searches. They achieved qualifying SAT/ACT scores in middle school. These scores, as well as demographics and demonstrated financial need, are used to identify the NGVF scholars. There are currently over 300 NGVF alumni.

Goal

As outlined by the Goldman Sachs Foundation, the ultimate goal of the NGVF Program is admission and enrollment at selective colleges ranked very competitive or better by the Barron's College Guide.

Program Summary

NGVF provides scholastic, personal, and social enrichment to students through the following benefits:

  • Educational Advisors create personalized academic plans based on the need of each student.
  • Workshops each semester for the student and family in the hometown of the student.
  • In-person meetings with the school counselor of the student.
  • Phone conferences and check-ins with students and their families.
  • Two summer academic programs at their Talent Search locations.
  • An entrepreneurship program, BizCamp, hosted by the Network for Teaching Entrepreneurship (NFTE).
  • Kaplan SAT and ACT on-line and classroom courses.
  • College Essay consulting.
  • Rigorous, advanced, college-level courses, available on campus and online.
  • Career and leadership development programs.
  • Mentoring
  • Networking opportunities to connect students to each other and supportive individuals who can broaden their horizons and promote their development.
  • Services Provided

    • College admissions guidance and counseling
    • College fairs/campus visits
    • Financial aid advising/FAFSA completion
    • Leadership development
    • Mentoring
    • Parent/family services
    • SAT/ACT and other test preparation

    Demographics

    Race & Ethnicity

    • American Indian or Native Alaskan: 33%
    • Hispanic/Latino: 33%
    • African American: 33%

    Education Level and
    Number of Students

    • High School: 200
    • Middle School: 0
    • Elementary School: 0
    • Post-secondary: 0
    • Non-traditional: 0

    Populations Served

    • Academically High-performing
    • ESL Students
    • Undocumented Students (20)

    First-Generation

    • Between 50% and 75%

    Representative
    Colleges Attended
    by Alumni

    • Barnard College
    • Boston University
    • California Institute of Technology
    • Columbia University in the City of New York
    • Duke University
    • Emory University
    • George Washington University
    • Georgia Institute of Technology-Main Campus
    • Harvard University
    • Massachusetts Institute of Technology
    • New York University
    • Northwestern University
    • Pomona College
    • Rice University
    • Stanford University
    • University of North Carolina at Chapel Hill
    • Vanderbilt University
    • Wake Forest University
    • Williams College
    • Yale University

    Matriculation & Completion

    • 4-yr College Matriculation: 100%
    • 4-yr College Graduation: 100%