Wednesday, May 6, 2009

$50 Million Social Innovation Fund To Target Education, Health, Economy

According to Mark Hrywna of The NonProfit Times, First Lady Michelle Obama has unveiled the The Social Innovation Fund. The Fund is intended to foster partnerships between foundations, philanthropists, and corporations that will commit matching resources, funding, and technical assistance.

The White House Office of Social Innovation and Civic Participation will coordinate efforts to enlist individuals, nonprofits, social entrepreneurs, corporations and foundations as partners in solving challenges.

Located within the Domestic Policy Council, it will:

Catalyze partnerships between government and nonprofits, businesses and philanthropists to make progress on the President’s policy agenda.

Identify and support evaluation and scaling of innovative, promising ideas, such as, Harlem Children’s Zone, YouthVillages, Nurse-Family Partnership, and Citizen Schools.

Support greater civic participation through new media tools

Promote national service.

How do you think The Social Innovation Fund with foster and continue to foster innovation in these areas?

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