The Corporation for National and Community Service issued its final notice today on how it plans to spend the Social Innovation Fund, paving the way for organizations to prepare their grant applications.

The notice includes several changes to an outline that the agency issued last month on how it would award the $50-million in grants designed to help nonprofit groups expand promising approaches to social problems. Notably, the agency cut the minimum grant award from $5-million to $1-million—responding to concerns that it would be difficult for some applicants to produce the required matching funds for the higher amount.

The corporation­—which received more than 200 comments on its proposal outline­—will provide about seven to 10 grants of $1-million to $10-million each to existing grant-making organizations. Those groups, in turn, will award annual grants of at least $100,000 to nonprofit groups for projects in the areas of economic opportunity, youth development, and healthy living. Both the grant makers and the nonprofit groups must provide equal matching funds. 

To view full article, click here philanthropy.com/article/Social-Innovation-Fund-Issues/64218/