White House to Ask for $50M for Social Innovation Fund
This past Tuesday, the White House announced it’s intention to ask Congress for $50 million for seed capital for the Social Innovation Fund. At the TIME 100 Most Influential People event in New York, First Lady, Michelle Obama described it as:
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. By focusing on high-impact, result-oriented non-profits, we will ensure that government dollars are spent in a way that is effective, accountable and worthy of the public trust.
I’ll be interested to see who ends up leading the pack here. Who has been the most innovative? The larger, more established non-profits or the smaller under-funded ones like the Medicare Rights Center? Although organizations such as Habitat do some great work, my money is on the smaller non-profits and individual entrepreneurs.
- Read the White House Blog Post “What is the Social Innovation Fund?”
- Read the White House Briefing
- More Details via AmericaForward.org