The TIME 100 Gala

At our fifth annual dinner, Michelle Obama praised social entrepreneurs, John Legend rocked out, and Oprah toasted her schoolteachers

Kevin Mazur / WireImage

TIME 100 honorees Oprah Winfrey and Michelle Obama.

Amid an extraordinary collection of honorees at our annual TIME 100 gala that included social entrepreneurs and activists, First Lady Michelle Obama announced that as part of the new Serve America Act, the White House is creating the Social Innovation Fund to help nonprofits and individuals who are working on creative solutions to the nation's most difficult challenges. TIME supported the creation and passage of the Serve America Act, and Mrs. Obama's speech--she is, by the way, a TIME 100 honoree--was a fitting capstone to both the evening and the movement for national service. She cited three young social entrepreneurs who...

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