The Social Innovation Fund--Something to Keep on the Radar in Early 2010

Steve Bosserman's picture

The Social Innovation Fund, a new public-private collaboration created by the 2009 Edward M. Kennedy Serve America Act, is designed to create new knowledge about how to solve social challenges in the areas of economic opportunity, youth development and school support, and healthy futures, and to improve our nation’s problem-solving infrastructure in low-income communities.

In Fiscal Year 2010, the Corporation will award up to $50 million in Federal funding to an estimated five to seven intermediary organizations.  Annual awards, which will extend for five years, are expected to be in the range of $5 to $10 million and must be matched 1:1 in cash.

Community organizations will receive financial support from intermediaries on the order of no less than $100,000 per year for three to five years, as well as strategic support in areas such as management, and evaluation.  Community organizations must also provide a 1:1 cash match for the total amount—Federal and private dollars—they receive from the intermediaries.

The Corporation has released a Draft Notice of Funds Available (NOFA), and is soliciting public input through January 15, 2010.   The final NOFA is expected to be released in February of 2010.  Please click here (PDF) for more information about the Social Innovation Fund NOFA, and to provide your feedback.

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