INVC NEWSWASHINGTON, D.C.
The Social Innovation Fund (SIF) is a powerful approach to transforming lives and communities that positions the federal government to be a catalyst for impact – mobilizing private resources to find and grow community solutions with evidence of results. As part of the SIF, grantees must match the federal funds dollar-for-dollar and again by the organizations they select to receive grants.
“When the Social Innovation Fund was launched, we set a goal to find solutions that work and make them work for more people,” said Wendy Spencer, CEO of the Corporation for National and Community Service, the federal agency that administers the Social Innovation Fund. “Six years later, I am proud to see the extraordinary impact these programs are having. I am thrilled to welcome these new grantees, who are cutting edge grant-makers in social innovation, to help us continue this important work. Like all grantees at CNCS, these organizations will get things done for America, and will not only bolster local programs’ capacity to serve more individuals in need, but also provide communities with solutions that work.”
In the next several months, organizations awarded will hold an open competition to select community-based organizations to receive subgrants of at least $100,000 for periods of three to five years to expand their reach to impact more people.
“The Social Innovation Fund is an innovative program that seeks to invest in truly compelling solutions to the persistent challenges facing our communities,” said Lois Nembhard, acting director of the Social Innovation Fund at CNCS. “The winners announced today have proven track records for finding solutions that work, and we are thrilled to award them a Social Innovation Fund grant. The competition process is highly selective, and we are eager to have the opportunity to work with them to rigorously evaluate their programs and expand their high-impact work to serve more people in need.”
