TC Palm reports that $4.5 million in grants was made through the Indian River Community Foundation in fiscal year 2011 which is why over 70 philanthropists and community leaders celebrate this success.
The funds will help the foundation promote wide-spread community philanthropy and enhance their initiatives for community development.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.