Students at Grossmont High School in San Diego were shocked to learn last week that the school foundation they've worked on for years has run out of money, the San Diego Union-Tribune reports.
The Grossmont High School Educational Foundation was founded in 2008 by parents, staff, and alumni, who wanted to improve the high school's educational experience, according to the school's website.
Since then, the foundation has given out more than $22,000 worth of mini-grants, scholarships, and other money to the school, the Union-Tribune reports.
But last week, the foundation announced that it had run out of cash.
The money was used for a variety of projects, including a field trip to the San Diego Zoo and the replacement of football practice equipment for the girls' water polo team, according to the school's website.
"This is one more unique reason the number of parent, alumni, and retiree sponsored scholarships has grown," the school's principal said in a statement.
"The number of parent, alumni, and retiree sponsored scholarships has grown....
This is one more tremendous reason students would not be able to attend Grossmont High School."
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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, Â cannot be tackled by questioning the return on investment.