Will create a Social Investment Fund Network. This will be a government-supported nonprofit corporation, similar to the Corporation for Public Broadcasting, that will use federal seed money to leverage private sector funding to improve local innovation, test the impact of new ideas and expand successful programs to scale. The fund will operate through a network of funds that will be rooted in the private sector at the community level, with local decision-making informed by a shared network of best practices. For example, a successful nonprofit organization could apply for funding to study ways to improve or expand the organization to other locations. Or an angel investor could work with the fund to identify high-quality nonprofits that should be expanded to other locations and invest in that expansion. The network of funds would bring experts skilled at analyzing data, picking winners, measuring results, and building capacity to work.
Create a Social Investment Fund Network
['Corporation_for_Public_Broadcasting']