Edna McConnell Clark Foundation, focused on the development of institutional capacity-profit organizations that serve disadvantaged youth in the United States, was recently named as a mediator in the federal government's new Social Innovation Fund (SIF), which is intended to bring together public-private funds to help expand effective solutions three issue areas: economic opportunity, healthy futures, and youth development. SIF intermediaries will be responsible for directing resources to innovative community-based nonprofit organizations that have seen the results. Edna McConnell Clark Foundation has long been a promoter of evidence-based reporting, and grants and found that the absence of efficient capital market in the nonprofit sector as the main obstacle to finance growth, scale and create a sustainable successful nonprofit organizations. With its Growth Capital Aggregation Pilot (GCAP), Edna McConnell Clark Foundation have seen positive results in the adoption of the "syndicate" approach to the funding of a select group of nonprofit organizations. With the help of a mediator was called SIF, Edna McConnell Clark was ready to build on his GCAP experience and continue to develop a model that will provide more efficiency, growth capital for the successful organization. The Foundation hopes to build capital aggregation approach, which will serve as a model for the charity. "Hide
by Allen Grossman, Aldo Sesia Source: Harvard Business School 19 pages. Publication Date: July 28, 2011. Prod. #: 312006-PDF-ENG
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