Skip to content
1st Source Bank Foundation Inc Xxx-Xx-Xxxx at a glance

· Private foundation

1st Source Bank Foundation Inc Xxx-Xx-Xxxx

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$2.2M
Granted FY2025still arriving
96
Grants FY2025still arriving
3
States reached
$200k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
0196% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2025.

Education$2.4MHuman Services$1.8MPhilanthropy$1.7MHealth$1.4MCommunity Improvement$1.3MHousing & Shelter$1.2MArts & Culture$1.2MYouth Development$1.1MOther$0
02FY2025 · 96 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k41 grants · $168k
  • $10k–50k42 grants · $903k
  • $50k–250k13 grants · $1.1M
$10,000
Median grant
3
States reached
$37M
Total assets
Largest grants
RecipientAmount
Michiana Public Broadcasting Corp$200,000
Community Foundation of St Joe County$138,825
The History Museum$111,000
Junior Achievement of Northern Indiana$100,000
South Bend-Elkhart Regional FDN Inc$100,000
Grace College$83,334
SOUTHWESTERN MICHIGAN COLLEGE$80,000
Mishawaka Parks & Recreation Foundation$75,000
Bashor Children's Home$50,000
St Margaret's House$50,000
Porter County Agricultural Society$50,000
Heartland Art Center$50,000
Healthlinc$50,000
United Way of St Joseph County$49,000
Beacon Health Foundation Inc$45,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY19–25, $652k) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 73% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%TOLSON CENTER INC: $100k → 13%WABASH CENTER INC: $23k → 19%GROUP HOMES FOR CHILDREN: $8k → 19%YWCA GREATER LAFAYETTE: $13k → 19%INTERFAITH COMMUNITY PADS INC: $18k → 15%INTERFAITH COMMUNITY PADS INC: $13k → 15%YWCA NORTHEAST INDIANA INC: $100k → 12%YWCA NORTHEAST INDIANA INC: $5k → 12%LA PORTE COUNTY FAMILY YMCA: $32k → 15%Hilltop Neighborhood House: $14k → 9%Hilltop Neighborhood House: $10k → 9%ADEC: $25k → 13%ADEC: $15k → 13%Community Transportation Network Inc: $25k → 12%ADEC: $10k → 13%COMMUNITY TRANSPORTATION NETWORK: $20k → 12%ADEC: $8k → 13%COMMUNITY TRANSPORTATION NETWORK: $20k → 12%FAMILY CHRISTIAN DEVELOPMENT CENTER: $10k → 13%Duneland Family YMCA: $100k → 9%DUNELAND YMCA: $25k → 9%NEIGHBORLINK PORTER COUNTY: $25k → 9%Early Childhood Alliance: $10k → 12%CHRIST CHILD SOCIETY OF SOUTH BEND: $3k → 13%REAL SERVICES INC: $23k → 13%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

77%of every dollar goes to organizations it has funded before.
$11M · 135 repeat orgs$3.1M to everyone else

Grantees it renews have grown median revenue +21% since the first grant, against +5% for those funded once.

135 repeat relationships: 67 still active in FY2025, 68 since wound down; 26 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

135
134

Total granted

$11M
$2.3M

Median revenue growth · since first grant

+21%
+5%

Still filing today

60%
56%

New vs renewed · share of each year

In FY2025, 62% of grant dollars renewed an existing relationship; $819k went to new ones.

50%100%’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’19’20’21’22’23’24’25
Human ServicesHealthArts & CultureCommunity ImprovementYouth DevelopmentEducationOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • UW
    UNITED WAY OF ST JOSEPH COUNTY INC
    7× · 2019–2025 · $750k · revenue +32%
  • VP
    VENUES PARKS & ARTS FOUNDATION
    4× · 2019–2022 · $385k · revenue ×15
  • MP
    MICHIANA PUBLIC BROADCASTING CORPORATION
    3× · 2023–2025 · $340k · revenue +7%

Funded once

  • CF
    CENTER FOR HOSPICE CARE
    one grant, 2021 · $200k
  • HC
    HOLY CROSS COLLEGE INCgraduated
    one grant, 2024 · $150k · revenue +29%
  • SB
    SOUTH BEND YOUTH HOCKEY INC
    one grant, 2024 · $100k · revenue +23%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Central Indiana Corporate Partnership Inc

Central indiana corporate partnership (cicp) is an alliance of indiana's business and research university leaders coming together to foster long-term prosperity for the region. cicp's mission is to transform the economy of indiana in order…

Community Improvement
2
Indiana Statewide Independent Living Council Inc

To empower its peers with disabilities to lead and control their own lives.

Human Services
3
Southern Indiana Community Health Care

To provide high-quality, comprehensive, community-sensitive health care utilizing christ-oriented principles. rooted in our faith-driven values, sichc serves as a pillar for accessible, comprehensive care of the whole person and a catalyst…

Health
4
Indiana University Health West Hospital Inc

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

Health
5
Indiana Association of United Ways Inc

Indiana united way is the leading voice to advocate, engage, and partner with a strong united way network and key stakeholders to advance human well-being throughout indiana.

Philanthropy
6
Leadership Indianapolis Inc

Educate, Inspire, Connect and Mobilize Community Leaders to serve and strengthen greater Indianapolis.

Public Benefit
7
Indiana University Health Bedford Inc

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

Health
8
Enroll Indy Inc

Enroll indy helps families choose schools that meet their children's needs by providing a one-stop enrollment process, school information that is relevant and easy to understand, and data to inform school improvement in indianapolis,…

Education
9
University Family Physicians Inc

Engage actively and continuously in medical research, education and training in the practice of medicine in conjunction with the department of family medicine of the indiana university school of medicine and indiana university…

—
10
Indiana University Health Frankfort Inc

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

Health
11
Union Health System

To serve our communities by provding innovative and compassionate healthcare.

Health
12
Union Hospital Inc

We exist to serve our patients with compassionate health care of the highest quality.

Health
How this is measured
The grantee most central to the portfolio’s shape is Community Foundation of Elkhart County Inc; the most unlike its peers is The Ruthmere Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

178 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 178 of the 301 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

3
Load-bearing (≥25% of a budget)
50
Early backer (in before they grew)
176/178
Grantees still filing
110/178
Grew since first funded

Where the money sits, by cause and then by grantee

SOUTH BEND-ELKHART REGIONAL FDN INC: $850,000 · OtherSOUTH BEND-ELKHART REGIONAL FDN INCSOUTHWESTERN MICHIGAN COLLEGE: $475,000 · OtherSOUTHWESTERN MICHIGAN COLLEGEJUNIOR ACHIEVEMENT OF NO INDIANA: $423,155 · OtherHabitat for Humanity: $322,500 · Other+135 more: $6,653,594 · Other+135 moreUNITED WAY OF ST JOSEPH COUNTY INC: $750,408 · PhilanthropyUNITED WAY…UNITED WAY OF NORTHWEST INDIANA INC: $94,646 · PhilanthropyUNITED WAY…UNITED WAY OF ALLEN COUNTY INC: $75,605 · PhilanthropyUNITED WAY…UNITED WAY OF SOUTHWEST MICHIGAN: $73,471 · PhilanthropyUNITED WAY…COMMUNITY FOUNDATION OF ELKHART COUNTY INC: $50,000 · PhilanthropyUNITED WAY OF MARSHALL COUNTY INC: $47,327 · Philanthropy+7 more: $185,363 · Philanthropy+7 moreMARSHALL CO LLN INC: $250,000 · EducationMarian University: $153,750 · EducationHOLY CROSS COLLEGE INC: $150,000 · EducationGrace Schools: $93,334 · EducationNEIGHBORS EDUCATIONAL OPPORTUNITIES: $50,000 · EducationUniversity of Notre Dame du Lac: $35,000 · EducationSTANLEY CLARK SCHOOL INC: $35,000 · EducationELKHART EDUCATION FOUNDATION: $31,000 · EducationTHE VILLAGE A COMMUNITY MUSICAL ART ALLIANCE INC: $30,000 · Education+2 more: $45,000 · EducationMICHIANA PUBLIC BROADCASTING CORPORATION: $340,000 · Arts & CultureNORTHERN INDIANA HISTORICAL SOCIETY INC: $189,500 · Arts & CulturePremier Arts Inc: $50,000 · Arts & CultureTHE FISCHOFF NATIONAL CHAMBER MUSIC ASSOCIATION INC: $41,000 · Arts & CultureSTUDEBAKER NATIONAL MUSEUM INC: $40,000 · Arts & Culture+6 more: $104,800 · Arts & CultureDUNELAND YMCA INC: $125,000 · Human ServicesYWCA NORTHEAST INDIANA INC: $105,000 · Human ServicesTOLSON CENTER INC: $100,000 · Human ServicesCOMMUNITY TRANSPORTATION NETWORK INC: $65,000 · Human ServicesADEC INC: $57,577 · Human ServicesREAL SERVICES INC: $38,800 · Human ServicesYOUNG MEN'S CHRISTIAN ASSOCIATION OF LAPORTE INDIANA INC: $32,000 · Human ServicesINTERFAITH COMMUNITY PADS INC: $31,450 · Human ServicesNEIGHBORLINK PORTER COUNTY: $25,000 · Human ServicesTHE AVENUE FAMILY NETWORK INC: $25,000 · Human ServicesHILLTOP NEIGHBORHOOD HOUSE INC: $23,500 · Human ServicesWABASH CENTER INC: $22,505 · Human Services+1 more: $12,500 · Human ServicesBOYS & GIRLS CLUBS OF LA PORTE COUNTY INC: $160,000 · Youth DevelopmentBOYS & GIRLS CLUBS OF GREATER NORTHWEST INDIANA INC: $100,000 · Youth DevelopmentBOYS & GIRLS CLUB OF MARSHALL COUNTY INC: $70,000 · Youth DevelopmentBOYS AND GIRLS CLUB OF THE NORTHERN INDIANA CORRIDOR INC: $69,500 · Youth DevelopmentErins House for Grieving Children Inc: $67,000 · Youth DevelopmentPorter County Agricultural Society Inc: $50,000 · Youth DevelopmentBOYS & GIRLS CLUBS OF GREATER SOUTHWEST MICHIGAN: $20,000 · Youth DevelopmentBOYS & GIRLS CLUBS OF NORTHEAST IND: $20,000 · Youth Development+1 more: $15,000 · Youth DevelopmentVENUES PARKS & ARTS FOUNDATION: $385,000 · EnvironmentSHIRLEY HEINZE LAND TRUST INC: $40,000 · EnvironmentINDIANA DUNES ENVIRONMENTAL LEARNING CENTER INC: $25,840 · EnvironmentFERNWOOD INC: $25,000 · Environment
Other$8,724,249Philanthropy$1,276,820Education$873,084Arts & Culture$765,300Human Services$663,332Youth Development$571,500Environment$475,840

Showing the 200 largest grantees by grant value.

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetUNITED WAY OF ST JOSEPH COUNTY INC: $750,408 over 7y, 7.5% of budgetVENUES PARKS & ARTS FOUNDATION: $385,000 over 4y, 15% of budgetMICHIANA PUBLIC BROADCASTING CORPORATION: $340,000 over 3y, 4.7% of budgetMARSHALL CO LLN INC: $250,000 over 2y, 28% of budgetYWCA NORTH CENTRAL INDIANA INC: $190,000 over 4y, 1.7% of budgetNORTHERN INDIANA HISTORICAL SOCIETY INC: $189,500 over 7y, 1.5% of budgetSAINT JOSEPH REGIONAL MEDICAL CENTER INC: $180,000 over 2y, 0.1% of budgetFORT WAYNE RESCUE MISSION MINISTRIES INC: $161,000 over 6y, 0.4% of budgetBOYS & GIRLS CLUBS OF LA PORTE COUNTY INC: $160,000 over 3y, 10% of budgetLogan Community Resources Inc: $157,000 over 3y, 0.3% of budgetMarian University: $153,750 over 3y, 0.0% of budgetHOLY CROSS COLLEGE INC: $150,000 over 1y, 0.5% of budgetTHE CENTER FOR THE HOMELESS INC: $137,150 over 6y, 1.1% of budgetCROSSROADS UNITED WAY INC: $136,604 over 7y, 2.6% of budgetLA CASA DE AMISTAD INC: $125,000 over 2y, 5.9% of budgetDUNELAND YMCA INC: $125,000 over 2y, 1.7% of budgetSOUTH BEND HERITAGE FOUNDATION INC: $106,000 over 3y, 1.9% of budgetYWCA NORTHEAST INDIANA INC: $105,000 over 2y, 1.5% of budgetSOUTH BEND YOUTH HOCKEY INC: $100,000 over 1y, 2.8% of budgetBOYS & GIRLS CLUBS OF GREATER NORTHWEST INDIANA INC: $100,000 over 2y, 0.4% of budgetTOLSON CENTER INC: $100,000 over 1y, 3.0% of budgetJUNIOR ACHIEVEMENT OF NORTHERN IN INC: $100,000 over 1y, 1.7% of budgetUNITED WAY OF NORTHWEST INDIANA INC: $94,646 over 7y, 2.7% of budgetGrace Schools: $93,334 over 2y, 0.1% of budgetBeacon Health Foundation Inc: $90,000 over 2y, 0.3% of budgetLACASA OF GOSHEN INC: $88,000 over 4y, 0.8% of budgetHEALTHLINC INC: $85,000 over 3y, 0.1% of budgetUNITED WAY OF GREATER LAPORTE COUNTY INC: $80,231 over 7y, 2.2% of budgetETHOS INC: $80,000 over 2y, 3.7% of budgetUNITED WAY OF ALLEN COUNTY INC: $75,605 over 7y, 0.8% of budgetUNITED WAY OF SOUTHWEST MICHIGAN: $73,471 over 7y, 0.6% of budgetBOYS & GIRLS CLUB OF MARSHALL COUNTY INC: $70,000 over 3y, 4.9% of budgetBOYS AND GIRLS CLUB OF THE NORTHERN INDIANA CORRIDOR INC: $69,500 over 2y, 0.8% of budgetErins House for Grieving Children Inc: $67,000 over 2y, 1.8% of budgetCOMMUNITY TRANSPORTATION NETWORK INC: $65,000 over 3y, 0.9% of budgetLAPORTE COUNTY HABITAT FOR HUMANITY: $65,000 over 3y, 15% of budgetADEC INC: $57,577 over 4y, 0.1% of budgetCULTIVATE CULINARY SCHOOL AND CATERING INC: $57,500 over 3y, 0.4% of budgetHABITAT FOR HUMANITY OF PORTER COUNTY INC: $55,000 over 3y, 4.8% of budgetTHE CARING PLACE INC: $50,000 over 2y, 2.0% of budgetPremier Arts Inc: $50,000 over 1y, 3.0% of budgetCOMMUNITY FOUNDATION OF ELKHART COUNTY INC: $50,000 over 1y, 0.1% of budgetLakeland Immediate Care Center: $50,000 over 2y, 0.2% of budgetNEIGHBORS EDUCATIONAL OPPORTUNITIES: $50,000 over 1y, 1.5% of budgetNEIGHBORS CORP: $50,000 over 1y, 8.7% of budgetFAITH MISSION OF ELKHART INC: $48,000 over 1y, 1.1% of budgetPATHFINDER SERVICES INC: $48,000 over 7y, 0.0% of budgetUNITED WAY OF MARSHALL COUNTY INC: $47,327 over 7y, 2.9% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds UNITED WAY OF ST JOSEPH COUNTY INC ↗
  • Who funds VENUES PARKS & ARTS FOUNDATION ↗
  • Who funds MICHIANA PUBLIC BROADCASTING CORPORATION ↗
  • Who funds MARSHALL CO LLN INC ↗
  • Who funds YWCA NORTH CENTRAL INDIANA INC ↗
  • Who funds NORTHERN INDIANA HISTORICAL SOCIETY INC ↗
  • Who funds SAINT JOSEPH REGIONAL MEDICAL CENTER INC ↗
  • Who funds FORT WAYNE RESCUE MISSION MINISTRIES INC ↗
  • Who funds BOYS & GIRLS CLUBS OF LA PORTE COUNTY INC ↗
  • Who funds Logan Community Resources Inc ↗
  • Who funds Marian University ↗
  • Who funds HOLY CROSS COLLEGE INC ↗
  • Who funds THE CENTER FOR THE HOMELESS INC ↗
  • Who funds CROSSROADS UNITED WAY INC ↗
  • Who funds LA CASA DE AMISTAD INC ↗
  • Who funds DUNELAND YMCA INC ↗
  • Who funds SOUTH BEND HERITAGE FOUNDATION INC ↗
  • Who funds YWCA NORTHEAST INDIANA INC ↗
  • Who funds SOUTH BEND YOUTH HOCKEY INC ↗
  • Who funds BOYS & GIRLS CLUBS OF GREATER NORTHWEST INDIANA INC ↗
  • Who funds TOLSON CENTER INC ↗
  • Who funds JUNIOR ACHIEVEMENT OF NORTHERN IN INC ↗
  • Who funds UNITED WAY OF NORTHWEST INDIANA INC ↗
  • Who funds Grace Schools ↗
  • Who funds Beacon Health Foundation Inc ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Community Foundation …Community Foundation …Judd Leighton Foundat…Nisource Charitable F…American Electric Pow…University of Notre D…Carroll F V Char Tr-M…Everwise Foundation I…John W Anderson Found…United Way of St Jose…The Pokagon Fund IncEnglish-Bonter-Mitche…
Community Foundation of St Joseph County IncIN94.3× affinity46 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Community Foundation of St Joseph County Inc · Community Foundation of Elkhart County Inc · Judd Leighton Foundation Inc · Nisource Charitable Foundation · American Electric Power Foundation · University of Notre Dame du Lac · Carroll F V Char Tr-Main · Everwise Foundation Inc · John W Anderson Foundation · United Way of St Joseph County Inc · The Pokagon Fund Inc · English-Bonter-Mitchell Fdn

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization 1st Source Bank Foundation Inc Xxx-Xx-Xxxx funds: left to right is the share of its income from government, bottom to top the share from 1st Source Bank Foundation Inc Xxx-Xx-Xxxx. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%3%13%28%50%funder's share of their income ↑0%23%45%68%90%share of the org’s income from government →
    no gov moneyreceives it· size = income
    2get no government money at all
    69report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–90%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
    05Through Plinth

    Warm introductions · Powered by PlinthPlus

    How do I get to 1st Source Bank Foundation Inc Xxx-Xx-Xxxx?

    Find your warmest path to 1st Source Bank Foundation Inc Xxx-Xx-Xxxx through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

    Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 301 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on 1st Source Bank Foundation Inc Xxx-Xx-Xxxx’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home