Rick Aubry

Organization: 
New Foundry Ventures
Year founded: 
1973
Country: 
USA

New Foundry Ventures creates and supports the next generation of social enterprises that improve the well-being of low-income individuals and communities.

Focus: Enterprise Development, Labour Conditions and Unemployment
Geographic Area of Impact: US
Model: Social Business
Number of Direct Beneficiaries: 11,250 (2011)
Annual Budget: US$ 610,822 (2010)
Percentage Earned Revenue: 85%
Recognition: Schwab Fellow of the World Economic Forum

Background
New Foundry (formerly Rubicon National Social Innovations) believes that for social enterprise to have a significant impact on poverty in America, it must be re-imagined on a much greater scale. Its goal is to create and support the next generation of social enterprises that improve the well-being of low-income individuals and communities. By building businesses that create jobs and provide greater access to healthy food, good credit and energy efficiency for low- and moderate-income communities, it is creating sustainable and systemic solutions to some of the most pressing challenges facing the US.

Innovation and Activities
New Foundry is the “Social Enterprise 2.0” evolution for Rubicon, one of the first Social Enterprise organizations in the US. It builds upon the lessons learned from this pioneering organization over its 25 years of creating and scaling social businesses. New Foundry’s progenitor, Rubicon, created two thriving social enterprises: Rubicon Bakery, an award-winning San Francisco dessert bakery brand distributed to over 2,000 US supermarkets