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Saturday, November 18, 2017

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Philanthropists, Government Partner For Good

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.

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