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Leap Fund

Leap Fund is creating products that empower optimism, financial and career growth, future planning, and security for working families that need it most.

Founded: 2018 by Karen Schoellkopf

  • Program Area

    Poverty Alleviation & Economic Development
  • Location of Impact

    United States
  • Headquarters Location

    New York, New York, United States
  • Product Platforms

    Web
  • Budget

    $0 to $500,000
  • Founder Demographics

    Female, LGBTQ

Leap Fund has seen workers across the country turn down income that they have earned at their jobs, out of fear of hitting the benefits cliff (essentially: earning a dollar or two more an hour, but as a result, losing public benefits that were worth much more than the income increase).

We’re changing things for workers receiving public benefits that are afraid of this financial catastrophe affecting them: We have built a benefits cliff coaching program, which includes predicting individualized cliffs, and employers tools, to better understand the scope of the problem, and actually help employees avoid benefits cliffs altogether.

Leap Fund is creating products that empower optimism, financial and career growth, future planning, and security for working families that need it most.

Funders and Awards

City Fellowship @ Company Ventures (2022), NYC Recovery Challenge through Google for Startups, Cornell Tech, and tech:nyc (2022), The Financial Solutions Lab Accelerator (2021), The Workers Lab Innovation Fund (2020), The Nonprofit Fintech Exchange (2020), +Acumen CivicX Accelerator: Future of Work (2019), Robin Hood Foundation (2019-present), Blue Ridge Labs @ Robin Hood (2018, 2019, 2021)