12 Aug '11, 3pm

Five Nonprofits Receive Grants from #Obama's Social Innovation Fund #socent

Obama administration's Social Innovation Fund has announced grants totalling $13.9 million that will be disbursed over a period of two years for five nonprofits. The Social Innovation Fund is a part of the Corporation for National and Community Service. It is a new model in social entrepreneurship that tries to leverage the financial muscle of venture philanthropy and the experience of successful charities to handle key social issues ranging from illiteracy to homelessness. The fund has a unique structure of a social enterprise that aims to use the government funding to create proven programs to make a credible impact in the areas of public health, youth development and economic opportunity. The grant recipients are premier charities that work with multiple sub-grantees and social entrepreneurs to make the optimal utilization of the funds to foster change at the grassroots...

Full article: http://www.justmeans.com/Five-Nonprofits-Receive-Grants-f...

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