Over the next three years, the Marin Community Foundation will spend $30 million to support 80 nonprofits in Marin County, Calif., the San Francisco Chronicle reports.
That's a big change for the foundation, which has for years focused its grants on areas such as education, health, environment, and economic opportunity.
Now, in a move the foundation's president calls "an explicit way for MCF to relinquish some of its power to those doing the hard work in (the) community," the foundation will be giving out multiyear, general operating grants to nonprofits.
"These are the groups that embody and represent the power of community and the ability of community itself to care for, uplift, and transform," Rhea Suh, who became the foundation's president and CEO in 2021, tells the Marin Independent Journal.
Six organizations will receive more than $1 million in grants.
"A three-year grant allows us to effectively plan, be innovative, and evolve with the changing needs of our community, and put our energy towards making a greater impact," says Cheryl Paddack, chief executive officer of North Marin Community Services.
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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.