The Riverfront Renaissance Center for the Arts recently received a $10,000 grant from The Horizon Foundation for New Jersey.
According to foundation spokesman Thomas Vincz, the foundation is very supportive of charitable organizations that promote the arts throughout New Jersey because it also is a way to keep the glass-making industry alive from an artistic viewpoint.
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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.