President Announces Social Innovation Fund

On May 5, 2009 President Obama announced that he would ask Congress in the FY2010 budget to provide $50 million in seed capital for his Social Innovation Fund. The Fund, which will be administered by the White House Office of Social Innovation and Civic Participation, will identify the most promising, results-oriented non-profit programs and expand their reach throughout the country. The intent of the fund is finding and scaling the best social innovations; partnering with those who are leading change in their communities; and creating a policy environment for all these innovations to thrive. The Social Innovation Fund will build a "pipeline" of programs that have demonstrated results and are ready to spread across the country to meet community needs.