Gulf Coast grants help support Sarasota County's arts community.
Gulf Coast Community Foundation approves more than $1.3 million in community grants.
$785,000 for the region's cornerstone arts and cultural organizations.
"The Empowering Arts Grant Program is a true example of trust-based philanthropy," Gulf Coast CEO Phillip Lanham said.
The Gulf Coast Foundation is a nonprofit foundation based in Sarasota, Florida.
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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.