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.
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 Notice of Funds Available is scheduled to release in February 2010.
What an excellent opportunity to venture into a well-funded project that solves community issues through the arts. Not too many details are available right now on the Corporation for National & Community Service website, but be sure to check back in February.
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