The Indian River Community Foundation awarded more than $200,000 in grants to fund programs for local residents hit hardest by the economic recession, addressing time-sensitive community needs.
This year's grants program has an addition of a $5,000 Micro-grant Program for small organizations who will utilize the funds within six months and five Program Grants were awarded to organizations seeking funding for new programs or program expansion.
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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.