ABCDEFGHIJKLMNOPQRSTUVWXYZAAABACADAEAFAG
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Organization:
Upwardly Global
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Date of Application:
February 2023
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Investment detailsOverview of interventionThis program will offer online, self-paced training to build critical competencies for recent immigrants, refugees and asylees navigating the U.S. labor market to secure skill-aligned, professional employment. This grant will also expand a technology platform that will provide this service to large scale resettlement and immigrant support organizations, greatly increasing training access.
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Organization
Upwardly Global
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Project title
Refugee & Immigrant Training Platform Expansion
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SectorVarious
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GeographyUnited States
Upwardly Global if Given $10 million
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$10,000,000
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Headline numbers38,149
people reached
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Total GitLab Foundation investment
Total GTLF investment + overhead
North Star impact
PV of total NS earnings (less funding)
PV of total add. NS earnings
PV of NS increase PP
ROI (w/ overhead)
IRR (WO/ overhead)
Relative income gain in first year
People
Cost per person
$2,907,022,762
aggregate lifetime earning improvements
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Projected impact 750,000 923,250 291 267,674,967 268,390,876 214,537 29070%5322%324.9%3522$262$76,202$2,907,022,762
aggregate lifetime earning improvements
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$200,189
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North Star financial projectionUSDNotes:
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202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046204720482049205020512052
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GitLab Foundation funding 375,000 375,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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GitLab Foundation upfront funding 375,000 375,000
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GitLab Foundation ongoing funding
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Baseline annual earning per person 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 11,717 11,951 12,190 12,434 12,682 12,936 13,195 13,459 13,728 14,002 14,282 14,568 14,859 15,157 15,460 15,769 16,084 16,406 16,734 17,069 17,410 17,758
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Total increase in annual earning (all people) - 22,335,419 23,727,244 24,672,360 25,617,476 26,562,592 27,093,844 27,635,721 28,188,435 28,752,204 29,327,248 29,913,793 30,512,069 31,122,310 31,744,757 32,379,652 33,027,245 33,687,790 34,361,545 35,048,776 35,749,752 36,464,747 37,194,042 37,937,923 38,696,681 39,470,615 40,260,027 41,065,227 41,886,532 42,724,263
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Additional annual earning per person - 32,486 27,888 24,329 21,758 19,813 20,209 20,613 21,025 21,446 21,875 22,312 22,759 23,214 23,678 24,152 24,635 25,127 25,630 26,142 26,665 27,199 27,743 28,297 28,863 29,441 30,029 30,630 31,243 31,867
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Total people impacted 284 688 851 1,014 1,177 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341
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Total increase in annual earning (all people) less funding (375,000) 21,960,419 23,727,244 24,672,360 25,617,476 26,562,592 27,093,844 27,635,721 28,188,435 28,752,204 29,327,248 29,913,793 30,512,069 31,122,310 31,744,757 32,379,652 33,027,245 33,687,790 34,361,545 35,048,776 35,749,752 36,464,747 37,194,042 37,937,923 38,696,681 39,470,615 40,260,027 41,065,227 41,886,532 42,724,263
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Discount factor 1.00 0.91 0.83 0.75 0.68 0.62 0.56 0.51 0.47 0.42 0.39 0.35 0.32 0.29 0.26 0.24 0.22 0.20 0.18 0.16 0.15 0.14 0.12 0.11 0.10 0.09 0.08 0.08 0.07 0.06
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Present Value of all income without intervention 2,836,067 6,375,286 7,315,646 8,085,506 8,704,691 9,191,047 8,522,608 7,902,782 7,328,034 6,795,086 6,300,898 5,842,651 5,417,731 5,023,714 4,658,353 4,319,564 4,005,413 3,714,111 3,443,994 3,193,521 2,961,265 2,745,900 2,546,199 2,361,021 2,189,310 2,030,087 1,882,445 1,745,540 1,618,591 1,500,876
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Present Value of additional income with intervention - 20,304,927 19,609,293 18,536,709 17,497,081 16,493,280 15,293,769 14,181,495 13,150,113 12,193,741 11,306,924 10,484,602 9,722,085 9,015,025 8,359,387 7,751,431 7,187,691 6,664,950 6,180,226 5,730,755 5,313,973 4,927,502 4,569,138 4,236,837 3,928,704 3,642,980 3,378,036 3,132,360 2,904,552 2,693,312
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Present Value of additional income with intervention less funding (375,000) 19,964,018 19,609,293 18,536,709 17,497,081 16,493,280 15,293,769 14,181,495 13,150,113 12,193,741 11,306,924 10,484,602 9,722,085 9,015,025 8,359,387 7,751,431 7,187,691 6,664,950 6,180,226 5,730,755 5,313,973 4,927,502 4,569,138 4,236,837 3,928,704 3,642,980 3,378,036 3,132,360 2,904,552 2,693,312
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 19,589,018 39,198,310 57,735,019 75,232,100 91,725,380 107,019,149 121,200,643 134,350,756 146,544,498 157,851,421 168,336,023 178,058,109 187,073,134 195,432,520 203,183,951 210,371,642 217,036,592 223,216,818 228,947,573 234,261,545 239,189,047 243,758,186 247,995,023 251,923,727 255,566,706 258,944,742 262,077,103 264,981,655 267,674,967
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Investment assumptionsNotes14.64%21.57%28.11%34.27%39.98%45.28%50.19%54.75%58.97%62.89%66.52%69.89%73.01%75.91%78.59%81.08%83.39%85.53%87.52%89.36%91.06%92.65%94.12%95.48%96.74%97.91%98.99%100.00%
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Growth rate2.0%
US Average Inflation Rate
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Discount rate10%
Sourced from the GitLab Foundation handbook
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AnalysisNotes:
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202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046204720482049205020512052
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Projected impact
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Additional annual earning per person completing the initiative - 32,486 27,888 24,329 21,758 19,813 20,209 20,613 21,025 21,446 21,875 22,312 22,759 23,214 23,678 24,152 24,635 25,127 25,630 26,142 26,665 27,199 27,743 28,297 28,863 29,441 30,029 30,630 31,243 31,867
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Total NET people impacted (Direct Service + Jobversity expansion) 284 688 851 1,014 1,177 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341 1,341
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Total Cumulative NET people impacted (Direct Service) 120 241 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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People enrolled in the initiative (Attributed to GitLab Foundation) 367 367 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Less - people dropping out of the initiative (85) (85) - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Less - people unable to find placement (job) (161) (161) - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Jobversity Estimated Impacts Per Year (Total, less falloff and placement) 163 163 163 163 163 163
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Less - people no longer benefiting from the intervention (retention rate) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Direct Service %52.5%42.4%35.6%30.7%26.9%
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ASSUMPTIONSNOTES
Sensitivity Testing
5 year totals 980 Jobversity
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Full budget number (All funders, total program budget) 4,812,000
Estimated based on cost per student
North Star impact
Attributed 361 Direct
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Attribution to GitLab Foundation16% 291 1,341 Total
Actual Results 2024
Actual Results 2025
TOTAL
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Number of direct service students during grant period4711
This does not include Jobversity
Job Seekers Enrolled257721344711
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Jobversity Indirectly served students during grant period3986
Job Seekers Completed
207880.6%153772.0%361577%
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Number of students attributed to GitLab Foundation734
Completed at least one reskilling
126249.0%101147.4%227348%
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Graduation rate:77%
Applicant provided data
Placed into Jobs114044%87241%201243%
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Placement rate:43%
Applicant provided data
job placement numbers
912Avg Salary6508468406$66,745.0
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Program Growth rate5%Estimation
job placement goal
1000$67k +42%44%
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Prior cohort % unemployed N/A
Applicant provided data
implied placement rate
0.456Cost per job seeker$7,835$5,88775.1%
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Median Pre-program income (actual shared by applicant) $10,000
WeGlow Platform Users
161023763986
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Average annual salary $66,745
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Inflation 3.80%
Avg 30 year inflation rate
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Post program income$66,745
Percent of participants from Jobversity, 2028
73.1%
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Program Earning Increase Effect$56,745
Grantee Post-Income
$29,424
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Jobversity Earning Increase Effect$5,675
Counterfactual Income
$10,000
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Jobversity Graduation Rate38%
Estimated @ 50% of direct programs
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Jobversity Placement Rate21%
Estimated @ 50% of direct programs
Number of direct service
 361
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Total Jobversity Students with Lifetime earnings impacted first two years year
326.5783365
Total x grad rates x placement rates
Income$66,745
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Additional Assumptions (narrative)Std Dev$20,024
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Only 5 years of program activity are modelled, with lifetime impacts of early participants continuing beyond those 5 years.
Number of JobVersity
 980
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Only 2 years of funding is modeled, but we expect continued expansion of the program based on other funders participating.Income$15,675
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Std Dev$4,702
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Counterfactual 1,341
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Income$10,000
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Std Dev$3,000
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