Friday, April 9, 2010

Phillip Carttar to Head President Obama's Social Innovation Fund

The Chronicle of Philanthropy reports that the Corporation for National and Community Service has named nonprofit expert Phillip L. Carttar to head the federal Social Innovation Fund.  Mr. Carttar co-founded the nonprofit management consulting firm the Bridgespan Group and currently is an executive at New Profit Inc., which provides funding for innovative social projects, according to the article.  According to the press release issued by the Corporation for National and Community Service, a federal agency, Mr. Carttar "brings 30 years of experience across sectors—public, private, and nonprofit—to the Director's position. For more than 10 years, he has been at the forefront of transforming the nonprofit sector by expanding innovative solutions to address national challenges and helping to set a higher standard of results and impact for the sector."  The press release also states that the Social Innovation Fund "is an innovative initiative that is expected to generate nearly $200 million in public-private funds to support transformative solutions to major social challenges in communities throughout the U.S" and that the fund has already received more than 200 letters of intent to apply for grants.  The deadline for applying for at least the first round of grants was yesterday at 5 p.m.

For more coverage, see the Nonprofit Quarterly interview with Mr. Carttar.


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