Tuesday, June 02, 2009

Editorial - Communities, Innovation and Washington - NYTimes.com

Editorial - Communities, Innovation and Washington - NYTimes.com: "Central to the initiative is the creation of a Social Innovation Fund housed at the Corporation for National and Community Service. Congress has authorized the fund, and President Obama’s 2010 budget allots $50 million for it to start. The plan recognizes a hard reality of the nonprofit world: It is a lot easier to secure foundation grants and other short-term financing to develop a model program than it is to come up with the capital to expand successful programs and their potential for systemic change."

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