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BCBSM Foundation Inc at a glance

· Private foundation

BCBSM Foundation Inc

Its FY2024 filing reports that it accepted unsolicited grant applications.

$4.6M
Granted FY2024still arriving
51
Grants FY2024still arriving
3
States reached
$237k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2024.

Human Services$5.3MHealth$4.6MPhilanthropy$4.1MCivil Rights$3.5MCommunity Improvement$2.7MEducation$2.2MCrime & Legal$2.1MEmployment$1.4MOther$0
02FY2024 · 51 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k1 grant · $9k
  • $10k–50k4 grants · $131k
  • $50k–250k46 grants · $4.4M
$100,000
Median grant
3
States reached
$79M
Total assets
Largest grants
RecipientAmount
United Way Worldwide$236,710
Native American Community Clinic$200,000
Northwest Indian Community Development Center$200,000
Way to Grow$150,000
Northfield Healthy Community Initiative$125,000
Partnership Academy$125,000
Hmong American Partnership$110,000
Northland Foundation$100,000
Northwest Minnesota Foundation$100,000
St David's Center$100,000
Lao Assistance Center of Minnesota$100,000
Project Motherpath Inc$100,000
CAPI USA$100,000
Comunidades Latinas Unidas En Servicio$100,000
Apple Tree Dental$100,000
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 (FY19–24, $3.9M) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 97% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%Intercultural Mutual Assistance Association Inc: $50k → 9%Lakes & Prairies Community Action Partnership Inc: $100k → 11%Project Motherpath Inc: $100k → 15%Intercultural Mutual Assistance Association: $50k → 9%Lakes & Prairies Community Action Partnership Inc: $100k → 11%Project Motherpath: $100k → 15%Lakes & Prairies Community Action Partnership: $100k → 11%Lakes & Prairies Community Action Partnership Inc: $60k → 11%First Children's Finance: $100k → 11%Face to Face Health and Counseling Service Inc: $89k → 14%African Community Senior Services: $25k → 11%African Community Senior Services: $25k → 11%Way to Grow: $150k → 11%Way to Grow: $100k → 11%Way to Grow: $70k → 11%Way to Grow: $70k → 11%Centro Tyrone Guzman: $80k → 11%Centro Tyrone Guzman: $75k → 11%Centro Tyrone Guzman: $41k → 11%Centro Tyrone Guzman: $37k → 11%Centro Tyrone Guzman: $35k → 11%Centro Tyrone Guzman: $35k → 11%Centro Tyrone Guzman: $25k → 11%Think Small: $100k → 14%Think Small: $100k → 14%Think Small: $100k → 14%Think Small: $85k → 14%Amherst H Wilder Foundation: $121k → 14%Amherst H Wilder Foundation: $100k → 14%Casa de Esperanza: $100k → 14%Casa de Esperanza: $100k → 14%Casa de Esperanza: $100k → 14%Casa de Esperanza: $100k → 14%Amherst H Wilder Foundation: $100k → 14%SEWA-AIFW: $60k → 11%Tiwahe Foundation: $75k → 14%Tiwahe Foundation: $75k → 14%African Community Senior Services: $52k → 11%African Community Senior Services: $40k → 11%African Community Senior Services: $40k → 11%African Community Senior Services: $40k → 11%YWCA of Minneapolis: $100k → 11%YWCA of Minneapolis: $100k → 11%YWCA of Minneapolis: $60k → 11%YWCA of Minneapolis: $60k → 11%SEWA-AIFW: $75k → 11%SEWA-AIFW: $75k → 11%SEWA-AIFW: $60k → 11%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.

91%of every dollar goes to organizations it has funded before.
$26M · 81 repeat orgs$2.5M to everyone else

81 repeat relationships: 38 still active in FY2024, 43 since wound down; 6 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

81
40

Total granted

$26M
$2.0M

Median revenue growth · since first grant

+47%
+56%

Still filing today

81%
45%

New vs renewed · share of each year

In FY2024, 88% of grant dollars renewed an existing relationship; $489k went to new ones.

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

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

’19’20’21’22’23’24
Human ServicesHealthPhilanthropyEducationCivil RightsCommunity ImprovementOther
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

  • ML
    MID-MINNESOTA LEGAL ASSISTANCE
    6× · 2019–2024 · $950k · revenue +53%
  • VF
    VOICES FOR RACIAL JUSTICE
    6× · 2019–2024 · $777k · revenue +13%
  • NF
    NORTHLAND FOUNDATION
    6× · 2019–2024 · $740k · revenue +221%

Funded once

  • HA
    Hmong American Partners (for Navigator Coalition)
    one grant, 2023 · $120k
  • SD
    St David's Center (for MN Coalition for Family Home Visiting)
    one grant, 2023 · $100k
  • AC
    AFRICAN COMMUNITY SERVICES
    one grant, 2023 · $100k · revenue -15%
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
African Development Center

Grow businesses, build wealth and increase reinvestement in the african communities of minnesota

Human Services
2
Minnesota Business Partnership

The minnesota business partnership's mission is to maintain a high quality of life for all minnesotans by ensuring that the state's economy remains strong, globally competitive and its prospects for growth bright by working with elected…

—
3
Minnesota Voice

Minnesota Voice is a collaboration of organizations working toward permanent change in social, racial, and economic justice by increasing civic engagement and voter participation across the state.

Public Benefit
4
Mn Community Measurement

Mn community measurement empowers stakeholders with meaningful information to drive improvement.

Health
5
Leadership Matters Mn

Leadership matters mn is focused on advancing a policy agenda that places working minnesotans first. we support economic growth, job creation and equitable tax and education policies that will allow every minnesotan to thrive.

Education
6
Women's Foundation of Minnesota

Women's Foundation of Minnesota is a statewide community foundation investing in ending systemic inequities and driving innovation for gender and racial justice. WFM applies an Intersectional Equity Framework inclusive of gender, race,…

Philanthropy
7
Minnesota Chamber of Commerce and Industry

The minnesota chamber of commerce proactively leads the business community statewide to: advance pro-business, responsible minnesota public policy that creates jobs and grows the econony; provde member services to address evolving business…

—
8
Women Winning

To encourage, promote, support, and elect pro-choice women of all political parties to all levels of public office in minnesota.

Public Benefit
9
St Paul Transportation Management Organization

Move minnesota leads the movement for an equitable and sustainable transportation system that puts people first. we are passionate about connecting communities, ending the climate crisis, expanding access to jobs and resources, and…

Environment
10
Minneapolis Regional Chamber of Commerce

Creating powerful advocacy to enhance economic vitality in the minneapolis-st. paul region.

—
11
Minnesota Medical Association

To be the leading voice of medicine to make minnesota the healthiest state and the best place to practice.

—
12
Growth & Justice

To develop and advocate for public policy that makes Minnesota's economy more prosperous and fair for all Minnesotans.

—
How this is measured
The grantee most central to the portfolio’s shape is Hmong American Partnership; the most unlike its peers is Project Motherpath Inc. 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

99 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. 99 of the 133 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.

4
Load-bearing (≥25% of a budget)
31
Early backer (in before they grew)
96/99
Grantees still filing
67/99
Grew since first funded

Where the money sits, by cause and then by grantee

Frontstream: $1,952,424 · OtherFrontstreamMID-MINNESOTA LEGAL ASSISTANCE: $950,000 · OtherMID-MINNESOTA LEGAL ASSISTANCENORTHWEST INDIAN COMMUNITY DEVELOPMENT CENTER NWICDC: $605,000 · OtherNorthpoint Health and Wellness: $540,000 · OtherCHILDREN'S DEFENSE FUND: $580,000 · OtherNORTHSIDE ACHIEVEMENT ZONE: $535,000 · OtherNORTHWEST MINNESOTA FOUNDATION: $623,900 · Other+69 more: $9,803,825 · Other+69 moreESPERANZA UNITED: $435,000 · Human ServicesESPERANZA UNIT…Think Small: $430,000 · Human ServicesThink SmallAMHERST H WILDER FOUNDATION: $402,000 · Human ServicesAMHERST H WILD…WAY TO GROW: $390,000 · Human ServicesWAY TO GROWLAKES AND PRAIRIES COMMUNITY ACTION PARTNERSHIP INC: $360,000 · Human ServicesLAKES AND PRAI…CENTRO TYRONE GUZMAN: $338,436 · Human ServicesCENTRO TYRONE …SEWA-AIFW: $320,000 · Human ServicesSEWA-AIFWYWCA OF MINNEAPOLIS: $320,000 · Human ServicesYWCA OF MINNEA…AFRICAN COMMUNITY SENIOR SERVICES: $222,000 · Human ServicesAFRICAN COMMUN…PROJECT MOTHERPATH INC: $200,000 · Human ServicesTHE TIWAHE FOUNDATION: $150,000 · Human Services+7 more: $368,625 · Human Services+7 morePORTICO HEALTHNET: $625,000 · HealthPORTICO H…NATIVE AMERICAN COMMUNITY CLINIC: $485,000 · HealthNATIVE AM…OPEN DOOR HEALTH CENTER: $300,000 · HealthOPEN DOOR…C A R E Clinic: $260,000 · HealthC A R E C…RAINBOW HEALTH MINNESOTA: $230,000 · HealthRAINBOW H…GENERATIONS HEALTH CARE INITIATIVES INC: $200,000 · HealthGENERATIO…CHILDREN'S DENTAL SERVICES INC: $180,000 · HealthCHILDREN'…+3 more: $140,000 · Health+3 moreNORTHLAND FOUNDATION: $740,000 · PhilanthropyNEXUS COMMUNITY PARTNERS: $350,000 · PhilanthropyUNITED WAY WORLDWIDE: $280,514 · PhilanthropyPROPEL NONPROFITS: $225,000 · PhilanthropyREGION NINE AREA INC: $220,000 · PhilanthropyUNITED WAY OF THE BROWN COUNTY AREA: $183,000 · PhilanthropyGREATER TWIN CITIES UNITED WAY: $112,500 · PhilanthropySAINT PAUL & MINNESOTA FOUNDATION: $100,000 · PhilanthropyWEST CENTRAL INITIATIVE: $100,000 · Philanthropy+1 more: $31,750 · PhilanthropyVOICES FOR RACIAL JUSTICE: $777,000 · EmploymentCENTRO DE TRABAJADORES UNIDOS EN LUCHA: $449,500 · EmploymentCOMMUNIDADES LATINAS UNIDAS EN SERVICO INC: $410,000 · EmploymentHMONG AMERICAN PARTNERSHIP: $335,000 · EmploymentRISE INCORPORATED: $157,957 · EmploymentTHE WILDFLOWER FOUNDATION: $340,000 · EducationUNIDOS MINNESOTA EDUCATION FUND: $335,000 · EducationPartnership Academy Inc: $325,000 · EducationAFRICAN ECONOMIC DEVELOPMENT SOLUTIONS: $300,000 · EducationALL NATIONS RISE INC: $200,000 · EducationAlliance of Early Childhood Professional Wicoie Nandagikendan: $100,000 · EducationAFRICAN COMMUNITY SERVICES: $100,000 · EducationPROJECT FINE: $425,000 · Community ImprovementUNITED COMMUNITY ACTION PARTNERSHIP INC: $395,000 · Community ImprovementNORTHFIELD HEALTHY COMMUNITY INITIATIVE: $383,000 · Community ImprovementSOUTHWEST INITIATIVE FOUNDATION: $288,000 · Community ImprovementALLIANCE FOR METROPOLITAN STABILITY: $150,000 · Community Improvement+2 more: $58,000 · Community Improvement
Other$15,590,149Human Services$3,936,061Health$2,420,000Philanthropy$2,342,764Employment$2,129,457Education$1,700,000Community Improvement$1,699,000

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

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetMID-MINNESOTA LEGAL ASSISTANCE: $950,000 over 6y, 1.5% of budgetVOICES FOR RACIAL JUSTICE: $777,000 over 6y, 17% of budgetNORTHLAND FOUNDATION: $740,000 over 6y, 2.6% of budgetPORTICO HEALTHNET: $625,000 over 6y, 5.8% of budgetNORTHWEST MINNESOTA FOUNDATION: $623,900 over 6y, 1.6% of budgetNORTHWEST INDIAN COMMUNITY DEVELOPMENT CENTER NWICDC: $605,000 over 5y, 4.1% of budgetCHILDREN'S DEFENSE FUND: $580,000 over 6y, 0.6% of budgetNORTHSIDE ACHIEVEMENT ZONE: $535,000 over 6y, 1.1% of budgetCoalition of Asian American Leaders: $500,000 over 4y, 10% of budgetNATIVE AMERICAN COMMUNITY CLINIC: $485,000 over 6y, 1.1% of budgetCENTRO DE TRABAJADORES UNIDOS EN LUCHA: $449,500 over 4y, 6.0% of budgetESPERANZA UNITED: $435,000 over 4y, 3.8% of budgetThink Small: $430,000 over 4y, 0.8% of budgetPROJECT FINE: $425,000 over 4y, 18% of budgetST PAUL YOUTH SERVICES: $420,000 over 4y, 12% of budgetCOMMUNIDADES LATINAS UNIDAS EN SERVICO INC: $410,000 over 4y, 1.3% of budgetHOPE COMMUNITY INC: $405,000 over 4y, 3.2% of budgetAMHERST H WILDER FOUNDATION: $402,000 over 6y, 0.3% of budgetUNITED COMMUNITY ACTION PARTNERSHIP INC: $395,000 over 3y, 0.7% of budgetWAY TO GROW: $390,000 over 4y, 2.6% of budgetNORTHFIELD HEALTHY COMMUNITY INITIATIVE: $383,000 over 5y, 3.2% of budgetHISPANIC OUTREACH OF GOODHUE COUNTY: $380,982 over 6y, 22% of budgetThe Advocates For Human Rights: $380,000 over 4y, 6.3% of budgetLAKES AND PRAIRIES COMMUNITY ACTION PARTNERSHIP INC: $360,000 over 4y, 1.1% of budgetJEWISH COMMUNITY ACTION: $360,000 over 4y, 12% of budgetNEXUS COMMUNITY PARTNERS: $350,000 over 4y, 1.8% of budgetTHE WILDFLOWER FOUNDATION: $340,000 over 4y, 1.1% of budgetCENTRO TYRONE GUZMAN: $338,436 over 6y, 2.9% of budgetHMONG AMERICAN PARTNERSHIP: $335,000 over 5y, 0.6% of budgetUNIDOS MINNESOTA EDUCATION FUND: $335,000 over 3y, 35% of budgetGREATER MINNEAPOLIS COUNCIL OF CHURCHES: $328,476 over 5y, 6.5% of budgetPartnership Academy Inc: $325,000 over 3y, 1.6% of budgetSEWA-AIFW: $320,000 over 4y, 18% of budgetYWCA OF MINNEAPOLIS: $320,000 over 4y, 0.7% of budgetREVIVING THE ISLAMIC SISTERHOOD FOR: $315,000 over 4y, 15% of budgetOPEN DOOR HEALTH CENTER: $300,000 over 4y, 0.9% of budgetAPPLE TREE DENTAL: $300,000 over 2y, 0.7% of budgetAFRICAN ECONOMIC DEVELOPMENT SOLUTIONS: $300,000 over 3y, 2.6% of budgetSOUTHWEST INITIATIVE FOUNDATION: $288,000 over 3y, 1.2% of budgetUNITED WAY WORLDWIDE: $280,514 over 1y, 0.4% of budgetSOUTHERN MN REGIONAL LEGAL SERVICES INC: $276,291 over 4y, 0.8% of budgetC A R E Clinic: $260,000 over 6y, 5.1% of budgetIMMIGRANT LAW CENTER OF MINNESOTA INC: $255,000 over 2y, 6.0% of budgetRAINBOW HEALTH MINNESOTA: $230,000 over 3y, 0.8% of budgetPROPEL NONPROFITS: $225,000 over 2y, 1.5% of budgetAFRICAN COMMUNITY SENIOR SERVICES: $222,000 over 6y, 18% of budgetREGION NINE AREA INC: $220,000 over 2y, 75% of budgetPROJECT MOTHERPATH INC: $200,000 over 2y, 10% 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 MID-MINNESOTA LEGAL ASSISTANCE ↗
  • Who funds VOICES FOR RACIAL JUSTICE ↗
  • Who funds NORTHLAND FOUNDATION ↗
  • Who funds PORTICO HEALTHNET ↗
  • Who funds NORTHWEST MINNESOTA FOUNDATION ↗
  • Who funds NORTHWEST INDIAN COMMUNITY DEVELOPMENT CENTER NWICDC ↗
  • Who funds CHILDREN'S DEFENSE FUND ↗
  • Who funds NORTHSIDE ACHIEVEMENT ZONE ↗
  • Who funds Coalition of Asian American Leaders ↗
  • Who funds NATIVE AMERICAN COMMUNITY CLINIC ↗
  • Who funds CENTRO DE TRABAJADORES UNIDOS EN LUCHA ↗
  • Who funds ESPERANZA UNITED ↗
  • Who funds Think Small ↗
  • Who funds PROJECT FINE ↗
  • Who funds ST PAUL YOUTH SERVICES ↗
  • Who funds COMMUNIDADES LATINAS UNIDAS EN SERVICO INC ↗
  • Who funds HOPE COMMUNITY INC ↗
  • Who funds AMHERST H WILDER FOUNDATION ↗
  • Who funds UNITED COMMUNITY ACTION PARTNERSHIP INC ↗
  • Who funds WAY TO GROW ↗
  • Who funds NORTHFIELD HEALTHY COMMUNITY INITIATIVE ↗
  • Who funds HISPANIC OUTREACH OF GOODHUE COUNTY ↗
  • Who funds The Advocates For Human Rights ↗
  • Who funds LAKES AND PRAIRIES COMMUNITY ACTION PARTNERSHIP INC ↗
  • Who funds JEWISH COMMUNITY ACTION ↗
  • Who funds NEXUS COMMUNITY PARTNERS ↗
  • Who funds THE WILDFLOWER FOUNDATION ↗
  • Who funds CENTRO TYRONE GUZMAN ↗
  • Who funds HMONG AMERICAN PARTNERSHIP ↗
  • Who funds UNIDOS MINNESOTA EDUCATION FUND ↗
  • Who funds GREATER MINNEAPOLIS COUNCIL OF CHURCHES ↗
  • Who funds Partnership Academy Inc ↗
  • Who funds SEWA-AIFW ↗
  • Who funds YWCA OF MINNEAPOLIS ↗
  • Who funds REVIVING THE ISLAMIC SISTERHOOD FOR ↗
  • Who funds OPEN DOOR HEALTH CENTER ↗

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.

Otto Bremer TrustSaint Paul & Minnesot…The Minneapolis Found…Greater Twin Cities U…Fr Bigelow FoundationThe McKnight Foundati…Women's Foundation of…The Bush FoundationMardag FoundationMedica FoundationHeadwaters Foundation…Pohlad Family Foundat…
Otto Bremer TrustMN104.9× affinity64 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Otto Bremer Trust · Saint Paul & Minnesota Foundation · The Minneapolis Foundation · Greater Twin Cities United Way · Fr Bigelow Foundation · The McKnight Foundation · Women's Foundation of Minnesota · The Bush Foundation · Mardag Foundation · Medica Foundation · Headwaters Foundation for Justice · Pohlad Family Foundation

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 BCBSM Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from BCBSM Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%6%25%56%100%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    1get no government money at all
    35report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    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.

    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 133 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 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on BCBSM’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