Inaugural Social Innovation Fund Grants Awarded to Experienced Innovators
Posted by Youth Services - On July 23, 2010 (EST)
The Corporation for National and Community Service announced its inaugural Social Innovation Fund (SIF) grants today. The grants will target millions in public and private funds to grow effective solutions to persistent social challenges across more than 20 states. The SIF portfolio consists of 11 organizations selected through a rigorous review process involving 60 external experts. The grantees, who represent a diverse set of nonprofit organizations and private and community foundations, share a track record of success at identifying and growing high-performing nonprofit organizations and their proposals offer a set of compelling ideas for how to use innovation and evidence to tackle social challenges in a new way. The grantees will address urgent needs across three key issue areas - economic opportunity, healthy futures, and youth development and school support - by providing funding and other support necessary to drive results and impact. An initiative that represents a new way of doing business for the federal government, the $50 million SIF fund leverages a 3:1 private-public match, sets a higher standard for evidence, empowers communities to identify and drive solutions, and creates an incentive for grant making organizations to more effectively target funding to solutions that generate real impact.
Modified On : July 23, 2010
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In Relation : Innovation & Partnerships