Among its provisions, the Serve America Act — the first update of programs operated by the Corporation for National and Community Service since 1993 — would create:
- A Social Innovation Funds Pilot Program, which would provide “venture capital” to help nonprofit groups that have developed successful ways to tackle social problems expand their work. It would make $50-million available in 2010, growing to $100-million in 2014, with matching funds required from other sources.
- A Volunteer Generation Fund of $50-million in 2010, growing to $100-million in 2014. Money would go to nonprofit groups or state national-service commissions for programs to help charities recruit and manage volunteers.
- New service “corps” in the fields of clean energy, health, poverty, and services to veterans.
- Encore Fellowships and Silver Scholarships for people age 55 and above.
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