Congress has agreed to invest $50 million in the Social Innovation Fund, a program aimed at helping nonprofits bring successful efforts to scale.
The allocation is the full amount requested by the Obama administration, though the victory was tempered by a compromise. Two other programs that benefit nonprofits — the Volunteer Generation Fund and the Nonprofit Capacity Building Program — will have to be trimmed back, according to the Chronicle of Philanthropy. The allocation is included in the 2010 spending bill, and will now go to the House and Senate for votes.
Original Article: Congress: $50 Million for Social Innovation Fund - Tonic
