Boys and Girls Clubs of the Tennessee Valley in Knoxville are getting a big boost from a foundation co-founded by Bill Gates.
The foundation, the East Tennessee Foundation, has awarded the clubs more than $1 million in grants, reports the Knoxville News Sentinel.
The money will be used to expand the clubs' nutrition and cooking skills education and food donations programs, as well as to provide emergency food assistance to foster families in crisis, says the president and CEO of the foundation.
"From the beginning, the CNS, Y&12 Community Investment Fund has been a wonderful partnership between CNS and theETF," he says.
"ETF's knowledge of the nonprofit community across East Tennessee has allowed CNS to expand its community outreach to groups and places we might not otherwise reach that deserve our support."
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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.