White House Social Innovation Fund Annnounces $50 Million of Private Support

The Social Innovation Fund announced that private philanthropy groups had committed $50 million to the Fund.  An accompanying fact sheetidentifies five private foundations that pledged $45 million over the next two years.  The Council on Foundations also released a letter of support for the Fund signed by more than 130 community foundations.  The 2009 Edward M. Kennedy Service America Act created the Fund to promote social innovation through nonprofit organizations.  The Fund is housed in the federal Corporation for National and Community Service. 

For further coverage, see the Chronicle of Philanthropy and the White House blog.

LHM