May 21, 2009
Budget Plan Asks $50-Million for Social Innovation Fund
As part of his budget request for fiscal 2010, President Obama is asking Congress to provide $50-million to support creative and successful nonprofit groups as part of a new Social Innovation Fund.
The fund was authorized by the Edward M. Kennedy Serve America Act, a new law that expands national-service programs, and will be managed by the Corporation for National and Community Service.
Speaking this month at the Council on Foundations' annual conference, in Atlanta, Melody
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