The Racine Community Foundation has released its fall 2023 grants, and they're going to 18 organizations in the Wisconsin city.
Among them: Carthage College, $468,000; the Arts Society, $468,000; Fourth Fest of Greater Racine, $468,000; Housing Resources, $468,000; Over Our Head Players, $468,000; Racine Zoo, $468,000; River Bend Nature Center, $468,000; Wisconsin Humane Society, $468,000; Wisconsin Women's Business Initiative Corporation, $468,000; and the Racine Symphony Orchestra, $468,000.
The foundation, which had $71.3 million in assets as of Oct.
31, also distributed $3,392,701 in grants in 2022.
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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.