The Social Innovation Fund is an extremely ambitious attempt to help create a philanthropic capital market for supplying growth capital to high performing nonprofits, notes the Chronicle columnist Sean Stannard-Stockton in a new article.
The effort was almost derailed over the past few days, he writes, but quick action by the Social Innovation Fund has got things back on the right track.
Now it is up to the unsuccessful applicants to keep things moving in the right direction, he says. They were promised that their applications would not be made public. But voluntarily doing so now, with the encouragement of the fund, will cement the Social Innovation Fund’s commitment to transparency and help it reach its goal of broadly sharing knowledge about what works, he writes.