Sponsored by the Corporation for National and Community Service
The Social Innovation Fund (SIF), a new public-private investment vehicle established by the 2009 Edward M. Kennedy Serve America Act, is designed to:
Fund effective and potentially transformative portfolios of nonprofit community organizations to help them strengthen their evidence base, and replicate and expand to serve more low-income communities; Identify more effective approaches to addressing critical social challenges and broadly share this knowledge; and Develop the grantmaking infrastructure necessary to support the work of social innovation in communities across the country.
In Fiscal Year (FY) 2010, the Corporation will award up to $50 million in Federal funding to an estimated seven to 10 intermediary organizations. Annual SIF awards to intermediaries will be in the range of $1 million to $10 million, and must be matched 1:1 in cash. The SIF award periods are up to five years. The SIF funding mechanism will leverage $3 of private funding for every $1 in federal funding, generating a total public-private investment of $200 million in FY 2010.
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The Social Innovation Fund Competition is now open and accepting applications for Federal funds to invest in effective, innovative nonprofits working in low-income communities to address critical social challenges in the priority issue areas of:
Economic Opportunity – Increasing economic opportunities for economically disadvantaged individuals
Youth Development and School Support – Preparing America’s youth for success in school, active citizenship, productive work, and healthy and safe lives
Healthy Futures – Promoting healthy lifestyles and reducing the risk factors that can lead to illness
http://www07.grants.gov/search/search.do;jsessionid=SRt3LNcJGXk9vY6WH5jfDkfrKKcTLfdrhcynJYz2LKH8jLmSz8lm!-2003793174?oppId=51962&mode=VIEW - this is the link to the site
Trascript of Q and A call:
http://www.nationalservice.gov/pdf/10_0225_sif_transcript_of_224_call.pdf
Deadline April 8
*50% first year funding matching required
*Extremely competitive
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