Michelle Obama Announces $50M Fund For Nonprofits

Rounding out her first day in the Big Apple as First Lady, Michelle Obama formally announced the creation of the Social Innovation Fund, an initiative under the Serve America Act, which opens the door for more government funding for nonprofit groups and social entrepreneurs. Earlier today, the president asked Congress for $50 million more to fund the initiative.

"By focusing on high-impact, results-oriented nonprofits, we will ensure that government dollars are spent in a way that is effective, accountable and worthy of the public trust," Mrs. Obama said to a room full of notables and celebrities.

Jimmy Fallon hosted the TIME 100, a gala thrown by Time Magazine to celebrate its 100th edition of the 100 Most Influential People special issue. The First Lady, dressed in a black evening gown with black and white crystals, addressed the crowd before dinner. Celebrities, including Oprah Winfrey, Whoopi Goldberg and Kate Hudson, attended the event. Three different red carpets led the way to the main room inside the Time Warner Center.

Time Managing Editor Richard Stengel introduced the First Lady, saying she "has been a role model for women around the world" and she "has not only talked the talk, she has walked the walk" in regards to social action and national service.

Primarily sticking to prepared remarks, the First Lady called for encouraging public service and acknowledged its impact on her life.

"I stand here today because of scholarships and grants and experiences that gave me opportunities I was afraid to dream of," she said. "I never imagined that, as a result of all that support, I would be in a position to be a role model for girls around the globe."

During her speech, Mrs. Obama smiled after saying the "Obama administration," paused and chuckled. "I still like hearing that," she said before returning to prepared remarks.

[ROYALTEE80]

Wow. After reading the post to this article, it's apparent that many of the readers lack intelligence. I say this because only an ignorant person uses such hatred when describing another human being. You can disagree with someone all day long, but that gives no one the right or justification to call the First Lady a horse, ugly and other derrogatory comments. I couldn't see any truth in the comments because I assumed each commentor lacked creativity, knowledge of politics and any sense of self-worth.

[scyouth]

You rightist fear-mongering morons really don't believe that there can be good in the world do you. I just wish there were an island - call it Limbaughtania - around the arctic circle that all of you go for a while to cool down that hatred of yours.

[wtcmedic911]

Shes got to get that jackie O. crown. her and her hubby need to be liked and loved by everyone. i cant wait till a year or two from now all the investigative reports will come out of where tax dollars went and who's pocket it lined. i promise you millions of AMERICANS wont be hired. Perhaps a few houndred thousand engineers, techs and lots of illegal labor. remember no residancy verification.

[Rowdy108]

Sorry, Michelle, that's a NO BRAINER! You don't just get to give my tax dollars to these people!

Sorry, Lady, that boat doesn't float!

[pepperwood2]

Sounds like an Acorn Vista Fund to me!

[SofaKingRite]

Translation: $50M more for ACORN "community organizing."

[hungry1968-15]

This fraud and phony has the audacity to represent herself as a truly caring American? I think not. She likes rubbing everyone's nose in it as often as she can. She's a social climber and doesn't care who gets in her way. Any so-called woman devoted to charitable causes who saunters into food shelters or homeless shelters not because she cares, but because it's a publicity stunt, while wearing her $540.00 Lanvin designer sneakers is a crude, vulgar, indecent, superficial and materialistic. She's a monumental disgrace, lacks dignity, humanity and humility.
Posted by credibility2 at 8:34 PM : May 5, 2009





Now Sean Hannity is a "sneaker expert", huh?

Good for both of you.

[hungry1968-15]

"The First Lady, dressed in a black evening gown with black and white crystals"

"a role model for women around the world"

she "has not only talked the talk, she has walked the walk"

"a role model for girls around the globe."

My goodness!!! This "hateful" woman is now a goddess!!!
Posted by budmag06 at 8:28 PM : May 5, 2009





"hateful"?

Based on.....?

[credibility2]

This fraud and phony has the audacity to represent herself as a truly caring American? I think not. She likes rubbing everyone's nose in it as often as she can. She's a social climber and doesn't care who gets in her way. Any so-called woman devoted to charitable causes who saunters into food shelters or homeless shelters not because she cares, but because it's a publicity stunt, while wearing her $540.00 Lanvin designer sneakers is a crude, vulgar, indecent, superficial and materialistic. She's a monumental disgrace, lacks dignity, humanity and humility.

[budmag06]

"The First Lady, dressed in a black evening gown with black and white crystals"

"a role model for women around the world"

she "has not only talked the talk, she has walked the walk"

"a role model for girls around the globe."

My goodness!!! This "hateful" woman is now a goddess!!!