About the Social Innovation Fund
The Social Innovation Fund (SIF) is a powerful approach to transforming lives and communities that positions the federal government to be a catalyst for impact—mobilizing private resources to find and grow community solutions with evidence of results. Since its inception in 2009, the SIF and its private-sector partners have invested almost a billion dollars in compelling community solutions through its SIF Classic and SIF Pay For Success (PFS) programs.
With the simple but vital goal of finding what works, and making it work for more people, the SIF and its private-sector partners create a learning network of organizations working to implement innovative and effective evidence-based solutions to local and national challenges in three priority areas: economic opportunity, healthy futures, and youth development.
As of March 2016, the SIF's private-sector partners have leveraged match fund committments valued at $627.5 million - more than double the original federal investment of $295 million. The SIF has made a total of 43 awards to grantees located in 17 states and the District of Columbia. As a result, over 450 nonprofit organizations have been funded through the SIF to conduct diverse interventions and evaluate results through highly rigorous models. Through the SIF PFS program, more than $12.3 million has been awarded to 65 organizations across 25 states and the District of Columbia. This investment has the potential to lead to nearly 100 PFS models across the country. Across both programs, SIF's public-private partnerships are committed to expanding the impact of effective community solutions to make a difference in the lives of more Americans.
Together, service and innovation provide a vehicle to harness the power of ordinary people and unleash the potential of innovative ideas to help address our communities' toughest social problems and transform lives.