The New Year is bringing with it an accelerated buzz and excitement around the forthcoming Social Innovation Fund. A few weeks ago, the Corporation for National and Community Service released funding guidelines and asked for public comment. Sean has been curating that conversation on Tactical Philanthropy and an excellent guest post by nonprofit consultant Adin Miller prompted me to think about the three things I'm watching for with the Social Innovation Fund.
1) Collaboration. The Fund will work be allocating $5m-$10m grants to foundation intermediaries, who regrant the money. Foundations are required to match those grants, meaning that only foundations with a significant amount of cash on hand can participate. That said, the Notice of Available Funds (NOFA) encourages funding collaboratives to form. I love seeing incentives for funders to work together, but it's also a difficult proposition. I'll be interested to see how this plays out.
Original Article: Three Things To Watch With The Social Innovation Fund | Social Entrepreneurship | Change.org
