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White House Announces Social Innovation Fund

Yesterday we learned of a new initiative proposed by the Obama administration to create a Social Innovation Fund of $50 million that would cultivate ideas and programs within the non-profit world. Though details on accessing the money were not immediately available, the Non-Profit Times reports on First Lady Michelle Obama’s speech unveiling the initiative last night:

“The idea is simple: to find the most effective programs out there and then provide the capital needed to replicate their success in communities around the country that are facing similar challenges,” Obama said in prepared remarks Tuesday at the Time 100 Most Influential People Awards in New York City. “By focusing on high-impact, result-oriented nonprofits, we will ensure that government dollars are spent in a way that is effective, accountable and worthy of the public trust,” she said.

The Social Innovation Fund is intended to foster partnerships between foundations, philanthropists, and corporations that will commit matching resources, funding, and technical assistance.

According to the White House Blog, First Lady Michelle Obama indicated that the program may focus on careers:

Lifting up our communities – whether helping transform troubled schools or training workers for green jobs or helping low-income families access health care…….. at a time when our nation is facing unprecedented challenges, encouraging careers in public service and social innovation are more important than ever.

With so many no-profits working across the country to revitalize, maintain and program urban parks, there may be some synergies in terms of green jobs and environmental education — especially those on the cutting edge. We will watch for additional information on the program as it comes.

One Response

  1. Sounds like a great idea and something that has been missing.

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