SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : I Will Continue to Continue, to Pretend....

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sully- who wrote (33337)8/24/2010 3:35:52 AM
From: Sully-   of 35834
 
Questions arise as millions in federal grants go to former employers of Obama administration officials

By: Mark Hemingway
Commentary Staff Writer
08/22/10 1:55 PM EDT

In July, the Obama administration established a new $50 million federal “Social Innovation Fund” aimed at financing successful nonprofit programs. According to this New York Times report, it looks like the program is potentially rife with conflicts of interest and has made questionable grants:

<<< What was supposed to have been an emblem of the administration’s commitment to nonprofit groups has become instead a messy controversy over potential conflicts of interest and the process used to select the grantees.

Several of the 48 independent reviewers who vetted the initial 54 applications for the grants were surprised by some of the winners because they had awarded them mediocre scores.

Critics noted that the executive director of the fund, Paul Carttar, had worked at New Profit Inc., a nonprofit group that helps promising social programs. New Profit Inc. received a $5 million grant from the fund.

Similarly, Patrick Corvington, the official who oversees the Corporation for National and Community Service, where the fund resides, previously worked for a foundation that financed a program operated by the Local Initiatives Support Corporation, better known as LISC. The foundation won a $4.2 million grant. >>>

A senior adviser for the fund says neither Carttar or Corvington had any role in selecting who got the grants. However, the fund also won’t disclose who applied for grants, who reviewed the grant applications or how the grant applications were scored.

Read more at the Washington Examiner: washingtonexaminer.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext