Congress Agrees to $50-Million for Social Innovation Fund, Cuts Volunteer Fund

December 10, 2009, Chronicle of Philanthropy - Congressional negotiators have agreed to allocate $50-million in the 2010 fiscal year for the new Social Innovation Fund, which will provide grants to help promising nonprofit groups expand effective programs — the full amount requested by President Obama.

However, in a deal yesterday on the Corporation for National and Community Service budget, a House-Senate conference committee decided to trim spending on two other programs designed to help nonprofit groups — the Volunteer Generation Fund and the Nonprofit Capacity Building Program.

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