In a statement issued yesterday the White House announced their strong support for the GIVE Act.

The Administration commends the House for acting promptly to move bipartisan legislation to expand high-quality service opportunities and position the Corporation for National and Community Service to support both growth and excellence in the programs it oversees.

The White House emphasized the important role the legislation will play in fostering social innovation.

The Administration is pleased that the Committee added to the bill the President’s Budget initiative to create a “Social Innovation Fund” to provide seed money and scale up innovative and evidence-based efforts in the nonprofit sector to address social problems, leveraging private and foundation capital to meet major social challenges.

We are excited to see the Obama administration championing social innovation!

Read the Statement in its entirety here.