According to the National Committee for Responsive Philanthropy, some 125 leading US foundations that represent more than $3.37 billion in total during annual giving commits to prioritizing the needs and promoting democratic participation of underserved communities.
Among the grantmakers were the NoVo Foundation, Cleveland Foundation, and the United Way of New York City.
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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.