First lady Michelle Obama and Corporation for National and Community Service CEO Patrick Corvington announced today that several foundations and private philanthropists have committed a total of $45 million over the next two years to be used primarily as matching funds for programs chosen by the $50 million Social Innovation Fund (SIF).
The rationale behind SIF, which is overseen by the Corporation for National and Community Service. is to leverage public money to bring in private money to help develop new social programs that work, and then to replicate those programs. The first batch of 69 applications are now being considered. Grants are to be awarded in July.
To read the full, original article click on this link: Youth Today - $45 Million Committed for Matching Social Innovation Grants
Author: Nancy Lewis
