Thursday, July 3, 2008
Democratic Presidential Candidate Barack Obama Calls for the Creation of a Social Investment Fund Network to Support the Nonprofit Sector
The Washington Post reports today that Democratic Presidential Nominee Barack Obama, campaigning in Colorado (highly thought favor Republicans) called for all Americans irrespective of party-affiliation "'to step into the strong currents of history' and volunteer for service to their country, pledging to dramatically expand opportunities for those accepting his challenge."
The newspaper further reports that Senator Obama pressed the "themes of values, faith and patriotism." In addition to calling for all Americans to volunteer for service to their country, Senator Obama, to support this proposal, laid out his $3.5. billion a year service plan that would "would expand the AmeriCorps program established by President Bill Clinton by 250,000 slots, double the size of the Peace Corps by 2011, expand the Foreign Service, and create an Energy Corps to conduct renewable-energy and environmental-cleanup projects. Veterans would be enlisted to help other veterans find jobs and support, and a Social Investment Fund Network would support the nonprofit sector." Here is a link to an Obama Policy Paper explaining the Social Investment Fund Network. Also, click here to view an earlier article that appeared in the Chronicle of Philanthropy in December 2007 when Senator Obama first introduced the idea of Social Investment Fund Networks. The earlier article provides a larger discussion of Senator Obama's views on the nonprofit sector.
In addition, he called for "[a]n American Opportunity Tax Credit [that] would offer $4,000 to college students for 100 hours of public service. A planned expansion of the Army and Marines by 92,000 would be fostered with pay raises, more family-friendly policies and an end to recruiting impediments such as "stop-loss" decrees that prevent service members from leaving on schedule."
For the full article, click here.