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May 5, 2009, 11:29 PM ET
Foundations Urged to Offer Ideas for 'Social Innovation Fund'
President Obama is asking Congress to provide $50-million to support creative and successful nonprofit groups as part of a new Social Innovation Fund, Melody Barnes, director of the White House domestic policy council, told a session at the meeting here Tuesday.
“The Social Innovation Fund reflects the president’s new governing philosophy: finding and investing in what works; and partnering with and supporting others who are leading change in their communities,” Ms. Barnes said. “We are also working with federal agencies across the government to identify new solutions to problems that have resisted traditional approaches.”
She asked foundations to give her advice about how the fund should operate, what charities it should support, and how the White House can evaluate whether it makes any progress.
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