Philanthropy plays a major role in reshaping K-12 education. Foundations play a significant role in funding educational reforms to better education.
According to the Foundation Center, the five biggest K-12 givers in 2010 were Bill & Melinda Gates Foundation, Walton Family Foundation, W.K. KEllogg Foundation, Michael and Susan Dell Foundation, and Silicon Valley Community Foundation.
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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.