The Community Foundation for Ireland made 1.7 million grants last year down from 2.2 million in 2010, partly due to a drop in private donations received.
The Foundation's grants came from donor advised funds from major companies and families based in Ireland including: The Farrelly Fund which made grants of 183,000; Ebay Foundation contributed 39,000; SAP Fund made grants of 75,000 and LFG Fund provided grants of 144,000.
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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, Β cannot be tackled by questioning the return on investment.