The CEO of the Hampton Roads Community Foundation, Angelica Light, has recently announced her retirement at the age of 63.
Light has lead one of the area's largest charities since the fiscal year 1999. She is said to be replaced by Deborah DiCroce, the president of Tidewater Community College.
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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.