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Funding from The Health Trust’s Disruptive Innovation grant of $150,000 spurred Catholic Charities effort with Step Up Silicon Valley to contract with Third Sector Capital Partners to launch the initiative. “This disruptive financing model has the potential to achieve both better social outcomes and fiscal savings for the County,” said Todd Hansen, The Health Trust’s COO. “Without the commitment of the County’s leadership and the work of our partners Step Up Silicon Valley/Catholic Charities and Third Sector Capital Partners, this important milestone could not have been reached.” As a sign that the philanthropic community is interested in the concept The Silicon Valley Community Foundation is committing $75,000 to match $75,000 in county funds. An additional $75,000 is needed to complete Phase III. |