A total of $26 million in grants has been awarded to 85 community organizations from the Coca-Cola Foundation. The grant will be used to support the foundation's global priority areas including: $9.7 million for water stewardship; $3.6 million for fitness and nutrition; $7.4 million for education; and $4.9 million for community recycling, and other local priorities.
Among the organizations that will receive the grant include: Earth Day Network Philippines, Inc.; UN-Habitat, Schools for Wash and Groundwater Recharge Promotion South Asia; Singapore Environment Council, Community Recycling in Public Housing; Aktif Yasam Dernegi, Active Schools; International Sport And Culture Association; California State University; University of Illinois at Urbana-Champaign; The Coca-Cola Medical Relief Initiative; and World Vision India.
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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.