New Profit believes in merit-based grants and in transparency. We are honored to be included among the inaugural class of Social Innovation Fund intermediary organizations.
We are confident that we were awarded a SIF intermediary grant on the basis of our 12 year track record funding and growing the impact of more than twenty innovative nonprofit organizations, including Teach For America, Citizen Schools, KIPP, and Health Leads (formerly Project HEALTH). This experience affords us a base of knowledge of the requirements and standards defined by the SIF regulations, and prepares us to deliver significant positive results as an intermediary.
We have posted our complete, unedited application to the SIF below, including both rounds of clarifying questions. In addition, you can use our website to learn more about New Profitís model and track record, along with the organizations we currently fund.
The principles of performance, competition, and accountability are at the heart of our work at New Profit. We believe they also serve as the foundation for the Social Innovation Fund and its potential to demonstrate ways that we can accelerate problem solving as a nation by investing in innovation.
About the Application
This is New Profit's Social Innovation Fund application submitted to the Corporation for National and Community Service and contains no redactions, additions, or edits to the original text. The program budget in this document corresponds to the $5,000,000 which New Profit was awarded, not the initial $10,00,000 grant request. New Profit was notified of the revised grant application amount when we received clarifying questions from the Corporation on June 23, 2010. New Profit has formatted the document to enhance its readability from the limited functionality of eGrants, the Corporation's online grant submission software. The application follows the guidelines and answers the questions laid out in the Notice of Funds Available
, (NOFA), available on the Corporation's website.Application Components
Clarifying questions (questions included in narrative)Line-item budgetBudget Summary
- Program Design
- Organizational Capacity
- Cost-Effectiveness and Budget Adequacy
Each narrative section in the application contains questions relating to the applicant's experience and qualifications as a grant-making institution as well as its plan for executing a successful multi-year SIF program. The budget portion contains line-item detail about the cost of the program in year 1 and fully conforms to the budget guidelines of SIF outlined in the NOFA and to all relevant OMB circulars. The clarifying questions are part of the official application record and any modifications in the clarifying questions supersede statements in the original application. For readers who are unfamiliar with federal grants, extreme character limits on the length of the application preclude elegant narrative construction.Review Process
Applications were due on April 8, 2010. For details on the reviewing process, please visit the Corporation's website
to view New Profit's Social Innovation Fund application.