| 28-07-2010 Social Innovation Fund (US) announced its first set of grant-winning partners |
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The Social Innovation Fund (SIF), is a new way of doing business for the federal government that stands to yield greater impact on urgent national challenges. The SIF will target millions in public-private funds to expand effective solutions across three issue areas: economic opportunity, healthy futures and, youth development and school support. This work will directly impact thousands of low-income families and create a catalog of proven approaches that can be replicated in communities across the country. On July 22 2010, the Corporation for National and Community Service awarded nearly $50 million in SIF grants to 11 organizations and greater than 60 collaborating partners. The SIF grantees represent a diverse set of nonprofit organizations and private and community foundations and were selected through a rigorous review process involving 60 external experts. They 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 SIF portfolio includes $74 million in secured match funds, which, combined with federal resources, will result in $123 million being targeted toward promising nonprofit organizations that train the unemployed, increase access to heath services for the underserved and prepare youth for academic and economic success. The grantees, also known as intermediaries, will work with community-based nonprofit organizations to address urgent needs in three key issue areas – economic opportunity, healthy futures, and youth development and school support. Over the next six months, the SIF grantees will conduct open competitions across the U.S. to find the most promising nonprofits. Description of the 11 intermediaries is available at http://www.nationalservice.gov/about/serveamerica/innovation.asp |