January 6, 2010
Federal Agency Spells Out Criteria for Spending Innovation Fund
The Corporation for National and Community Service in December outlined how the agency proposes to spend the $50-million allocated to the new Social Innovation Fund.
- Approximately five to seven grants of $5-million to $10-million will be awarded in 2010 to “intermediary grant-making organizations.” Those groups will in turn award annual grants of at least $100,000 to promising nonprofit groups, with more money going to programs showing the “highest level of
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