Philanthropists, Government Partner For Good
WSJournal
January, 2010
As more philanthropists try to leverage their gifts by teaming up with public agencies, the federal government is opening a new avenue for these public-private partnerships.
Starting this summer, the Corporation for National and Community Service will channel grants of $5 million to $10 million to existing grant-making institutions, such as community foundations and venture-philanthropy funds. These intermediaries will then create their own social innovation funds to make sub-grants to promising nonprofits, the corporation said Friday in its announcement.
To read this article go to http://rockpa.org/wp-content/uploads/2009/12/wsj-online-12-21-09.pdf
