The Community Foundation of Greater Birmingham is accepting applications for a new grant program designed to support underserved small businesses throughout the region. The grant will help Community Development Financial Institutions or CDFIs and other community lending institutions to support these with a special focus.
The Community Foundation of Greater Birmingham has a specific goal: to help black-owned and other underserved businesses develop by providing more flexible and creative capital and technical assistance.
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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.