From the Chronicle of Philanthrophy:

Two liberal think tanks, the Center for American Progress Action Fund (DC) and the New Democracy Fund (NY), proposed that the Obama administration create a White House Office of Social Entrepreneurship.

Here are a few of their suggestions:

• Create an annual multimillion-dollar prize for the most creative, high-impact solution to a defined social problem. It could also make “smaller, daily efforts” to boost innovative nonprofit groups, for example by creating a weekly “Changemakers” award.
• Explore changes to the tax code that would reward partnerships between nonprofit groups and businesses, and encourage charitable giving that would help successful nonprofit groups grow.
• Work with the U.S Agency for International Development to create an Innovation Investment Fund to support new approaches to global development, such as the Acumen Fund, which provides money to entrepreneurial anti-poverty projects.
• Coordinate with the Commission on Cross-Sector Solutions to America’s Problems, a new entity that has been proposed by the Serve America Act, a bill to expand the country’s national-service programs. The 21-member commission would suggest ways the federal government can help nonprofit groups work more effectively.

via The New Service

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