Nearly a dozen organizations from around the country will share in the first round of Social Innovation Fund (SIF) grants from the federal government totaling $50 million. Combined with the required private matching funds, the total in grants is $74 million.
The Corporation for National and Community Service (CNCS) announced the inaugural SIF grants this morning. “This portfolio is a collection of extraordinary organizations with an unparalleled body of knowledge and expertise on growing what works,” Patrick Corvington, the corporation's CEO, said in a prepared statement. “They are all driven by the search for bold solutions and recognize that we must use evidence to target limited resources where they will have the greatest impact.”
CNCS announced this past April that it has received more than 200 letters of intent and ultimately requests from 69 organizations totaling $125 million. The 11 organizations were selected through “a rigorous review process involving 60 external experts” and represent “a diverse set of nonprofit organizations and private and community foundations and share a track record of success at identifying and growing high-performing nonprofit organizations.”
To read the full, original article click on this link: The NonProfit Times - The Leading Business Publication For Nonprofit Management
Author: Mark Hrywna
