I am thrilled to announce that the Social Innovation Fund (SIF) has selected four outstanding new grantees. These grantees will expand the impact of nonprofit programs with evidence of strong results by implementing exciting programs that will transform lives and communities.
New grantees will each receive awards of $2 million over two years and are eligible for continued funding for up to five years. These four grantees, like the 16 organizations selected in the previous two competitions, are experienced grantmakers with strong track records of success that have proposed compelling, innovative programs to tackle some of our country's biggest challenges in our most needy areas.
In addition, I am also pleased to announce that continuation awards totaling $33.9 million have been made to seven of our existing grantees that have all been delivering consistent and compelling results in their geographic and issue areas.
Because the SIF requires that the federal funds granted be matched dollar-for-dollar by the grantmakers and again by the nonprofit organizations they select for grants, these federal grants will leverage more than $100 million in private funds. Together, that means that through these new and continuing grants, a total of almost $150 million will support the growth of innovative nonprofits serving people and communities in need.
The four new grantees were selected from a pool of 31 applicants. They are:
Seven high-performing grantees in the SIF network are receiving a total of $33.9 million in grants to continue their work to expand the impact of powerful nonprofits. They include:
The full network of 20 grantmaking intermediaries in the SIF portfolio represent the momentum across the country for implementing community-driven approaches to problem-solving that have evidence of strong results. As our new grantees engage a whole new group of nonprofits in the Social Innovation Fund and our continuing grantees continue pushing the envelope with the nonprofits they are working with, we look forward to seeing hundreds of thousands more lives transformed.
Paul Carttar is the Director of the Social Innovation Fund at the Corporation for National and Community Service.
The Social Innovation Fund is an initiative of the Corporation for National and Community Service intended to improve the lives of people in low-income communities. It does so by mobilizing public and private resources to grow promising, innovative community-based solutions that have evidence of compelling impact in three areas of priority need: economic opportunity, healthy futures, and youth development.
Follow us on the following social networks, to ensure that you are always up to date!
Additional opportunities to serve include: