Social Innovation Fund Awards $51.8 Million in Grants

The Social Innovation Fund at the Corporation for National and Community Service has announced new grants totaling $33.7 million and "continuation" funding totaling $18.1 million to organizations working in the areas of youth development, economic opportunity, and healthy futures.

New SIF grantees include the Methodist Healthcare Ministries of South Texas, Inc., which was awarded $10 million for SĂ­ Texas: Social Innovation for a Healthy Texas, a program that addresses high rates of depression and diabetes in poor communities in the Rio Grande Valley; the Silicon Valley Community Foundation, which will receive $7.5 million to implement the Big Lift, a collaborative of more than a hundred organizations that will provide funds to preschools and other groups to help improve third-grade reading proficiency rates in San Mateo County; and the Boston Foundation, which was awarded $2.7 million to launch the Boston Coaching for Completion program, an effort designed to raise postsecondary completion rates among vulnerable youth in the greater Boston area.

In the five years since the fund was created, SIF and its non-federal partners have invested more than $700 million, including $243 million in federal funds, to groups and organizations committed to finding the best solutions for their communities' challenges.

"We are excited about this new [cohort] of Social Innovation Fund grantees because they are among the most cutting-edge grantmakers in social innovation," said Wendy Spencer, CEO of the Corporation for National and Community Service. "The investment in these organizations will not only bolster local programs’ capacity to serve more individuals in need, but also provide communities with programs that work."