The James Irvine Foundation awarded a grant to the Watts Towers totalling $500,000 to help fund repair and preservation of the landmark folk-art masterpiece.
According to the resident of Irvine Foundation James Canales, the motivation for the grant given is to see Watts Towers as an important cultural icon for Los Angeles.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.