Over the next three years, the Marin Community Foundation will spend $30 million to support 80 community organizations in the Bay Area, the Marin Independent Journal reports.
"These are the groups that embody and represent the power of community and the ability of community itself to care for, uplift and transform," says Rhea Suh, the foundation's president and CEO.
The grants will be awarded through a new program the foundation is calling the "Community Power Initiative," the Marin Independent Journal reports.
"It's an explicit way for MCF to relinquish some of its power to those doing the hard work in (the) community," Suh says.
"These are the groups that embody and represent the power of community and the ability of community itself to care for, uplift and transform."
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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.