Social Impact Investing

In its first three years, SIF has awarded $137 million to 20 intermediary grant-makers,
which have selected 221 nonprofit sub-grantees working in 37 states and the District of
Columbia. Some notable SIF investments include College Advising Corps; Chrysalis;
Harlem Children's Zone; and YearUp.
In 2014, the Federal Budget increased SIF, raising the program from $45 million to $70
million which many interpreted as a strong validation of the Administration's social
innovation agenda.
The SIF originally was headed up by former Bridgespan executive Paul Carttar. Its
current director is Michael Smith, a former senior executive of the Case Foundation.
During his tenure at Case, Smith was credited with helping to lead A Billion+ Change
and the Startup America Partnership.
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