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Charles H Stout Foundation at a glance

· Private foundation

Charles H Stout Foundation

Its FY2026 filing reports that it accepted unsolicited grant applications.

$613k
Granted FY2026still arriving
31
Grants FY2026still arriving
6
States reached
$75k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0199% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Education$1.0MArts & Culture$872kHealth$541kHuman Services$462kHousing & Shelter$342kYouth Development$293kEnvironment$169kCivil Rights$154kOther$0
02FY2026 · 31 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2026

  • Under $10k11 grants · $57k
  • $10k–50k18 grants · $406k
  • $50k–250k2 grants · $150k
$11,000
Median grant
6
States reached
$9.6M
Total assets
Largest grants
RecipientAmount
UNIVERSITY OF SF$75,000
MYAGRO FARMS$75,000
SOUTHERN NEVADA PUBLIC TELEVISION$40,000
SAFE PARKING LA$35,000
NV PARALYZED VETERANS OF AMERICA$35,000
THE BRIGID ALLIANCE$35,000
THUNDERBIRD LODGE PRESERVAT SOCIETY$30,000
LONE STAR FLIGHT MUSEUM$30,000
PLANNED PARENTHOOD MAR MONTE$25,000
INT'L REFUGEE ASSISTANCE PROJECT$25,000
THE CUPCAKE GIRLS$25,000
PLANNED PARENTHOOD OF GREATER NY$25,000
Individual grant recipient$20,000
UNIVERSITY OF NEVADA RENO$15,000
HOMES FOR OUR TROOPS$15,000
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 (FY17–26, $626k) land where the poverty rate runs at 14%, against an area that typically sits at 10%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%CAROL'S KITCHEN: $3k → 9%DOWNTOWN WOMEN'S CENTER: $20k → 14%DOWNTOWN WOMEN'S CENTER: $18k → 14%DOWNTOWN WOMEN'S CENTER: $12k → 14%THE CUPCAKE GIRLS: $30k → 13%MILVET: $5k → 11%THE CUPCAKE GIRLS: $25k → 13%THE CUPCAKE GIRLS: $25k → 13%THE CUPCAKE GIRLS: $22k → 13%ANGELS FOSTER FAMILY AGENCY: $2k → 11%NEVADA PARALYZED VETERANS OF AMERIC: $20k → 13%JOVENES: $15k → 14%COMPASS FAMILY SERVICES: $10k → 10%LARKIN STREET YOUTH SERVICES: $20k → 10%THE EMPOWERMENT CENTER: $1k → 10%LARKIN STREET YOUTH SERVICES: $20k → 10%NEXT STEP SERVICE DOGS: $500 → 11%THE BRIGID ALLIANCE: $35k → 17%THE BRIGID ALLIANCE: $26k → 17%THE BRIGID ALLIANCE: $22k → 17%THE EMPOWERMENT CENTER: $1k → 10%THE BRIGID ALLIANCE: $22k → 17%INTERNATIONAL REFUGEE ASSISTANCE PR: $30k → 17%INT'L REFUGEE ASSISTANCE PR: $30k → 17%INT'L REFUGEE ASSISTANCE PROJECT: $25k → 17%INT'L REFUGEE ASSISTANCE PROJECT: $25k → 17%INT'L REFUGEE ASSISTANCE PROJECT: $22k → 17%INT'L REFUGEE ASSISTANCE PROJECT: $20k → 17%RIDGE HOUSE INC: $1k → 10%DOMESTIC VIOLENCE RESOURCE CENTER: $11k → 10%DOMESTIC VIOLENCE RESOURCE CENTER: $10k → 10%THE CHILDREN'S CABINET: $10k → 10%DOMESTIC VIOLENCE RESOURCE CENTER: $10k → 10%DOMESTIC VIOLENCE RESOURCE CENTER: $10k → 10%THE CHILDREN'S CABINET: $10k → 10%THE CHILDREN'S CABINET: $8k → 10%DOMESTIC VIOLENCE RESOURCE CENTER (: $5k → 10%THE CHILDREN'S CABINET: $5k → 10%THE CHILDREN'S CABINET: $5k → 10%DOMESTIC VIOLENCE RESOURCE: $5k → 10%DOMESTIC VIOLENCE RESOURCE CENTER: $5k → 10%DOMESTIC VIOLENCE RESOURCE CENTER (: $4k → 10%THE CHILDREN'S CABINET: $4k → 10%THE CHILDREN'S CABINET: $3k → 10%WOMEN AND CHILDREN'S CENTER OF THE: $1k → 10%ASSISTANCE LEAGUE OF RENO-SPARKS: $5k → 10%ASSISTANCE LEAGUE OF RENO-SPARKS: $5k → 10%ASSISTANCE LEAGUE OF RENO-SPARKS: $5k → 10%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.

Which US states its grants reach

NY
MA
NV
IA
CA
VA
AZ
AR
DC
GA
TX
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.
$4.6M · 79 repeat orgs$469k to everyone else

79 repeat relationships: 21 still active in FY2026, 58 since wound down; 6 grantees were first funded in FY2026 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

79
35

Total granted

$4.6M
$331k

Median revenue growth · since first grant

+68%
+72%

Still filing today

72%
69%

New vs renewed · share of each year

In FY2026, 77% of grant dollars renewed an existing relationship; $138k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25’26
RenewedFirst-time

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

’17’18’19’20’21’22’23’24’25’26
Human ServicesArts & CultureEducationHealthYouth DevelopmentHousing & ShelterOther
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

  • TL
    THUNDERBIRD LODGE PRESERVATION SOCIETY
    10× · 2017–2026 · $254k · revenue +49%
  • BARNARD COLLEGE
    7× · 2017–2023 · $196k · revenue +60%
  • HOMES FOR OUR TROOPS INC
    10× · 2017–2026 · $181k · revenue +89%

Funded once

  • LC
    LAW COLLEGE ASSOCIATION UNIV OF AZ
    one grant, 2025 · $40k
  • IR
    INT'L REFUGEE ASSITANCE PR
    one grant, 2021 · $30k
  • UO
    UNIVERSITY OF CALIFORNIA SAN FRANCI
    one grant, 2018 · $25k
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
United States Naval Institute

Provide an independent forum for those who dare to read, think, speak, and write to advance the professional, literary, and scientific understanding of sea power and other issues critical to global security.

—
2
Carson Tahoe Regional Healthcare

To enhance the health and well-being of the communities we serve.

Health
3
The San Diego Foundation

The san diego foundation inspires enduring philanthropy and enables community solutions to improve the quality of life in our region.

Philanthropy
4
The American Institute of Architects California

The AIA California, in collaboration with local components, is the voice of the architectural profession.

—
5
Nevada Public Radio

Nevada public radio will enhance the quality of life and foster civic engagement by informing, education and inspiring our growing audiences.

Arts & Culture
6
Valle Del Sol Inc

Valle del sol inspires positive change by investing in health and human services to strengthen families with tools and skills for self-sufficiency and by building the next generation of latino and diverse leaders.

Health
7
Academy of Television Arts and Sciences

The Television Academy is dedicated to celebrating excellence, innovation and the advancement of the telecommunications arts and sciences through recognition, education and leadership, while fostering a diverse, inclusive and accessible…

—
8
The Nevada Discovery Museum

Educating children and adults through interactive hands-on exhibits and educational programming.

—
9
The California Channel

To distribute public affairs and other educational information in order to create an electronic bridge between californians and their public officials, and, in the process educate a new generation of voting citizens and civic leaders who…

—
10
Altamed Health Services Corporation

To eliminate disparities in health care access and outcomes by providing superior quality health and human services through an integrated world-class delivery system for latino, multi-ethnic underserved communities in southern california.

Health
11
Northern California Institute for Research and Education Inc

To improve the health and well-being of veterans and the general public by supporting a world-class biomedical research program conducted by ucsf faculty at the san francisco veterans affairs health care system.

Health
12
San Francisco Bay Bird Observatory

The San Francisco Bay Bird Observatory is dedicated to promote sustainability in the Bay Area and beyond by engaging communities in avian science, habitat restoration, and education.

Environment
How this is measured
The grantee most central to the portfolio’s shape is The Children's Cabinet Inc; the most unlike its peers is Tahoe Maritime 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

87 grantees tracked through their own filings, 2017–2026.

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 2026, not grant rows in a single year, so this will not match the grant count on the cover. 87 of the 121 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.

0
Load-bearing (≥25% of a budget)
33
Early backer (in before they grew)
85/87
Grantees still filing
71/87
Grew since first funded

Where the money sits, by cause and then by grantee

UNIVERSITY OF SF: $344,700 · OtherUNIVERSITY OF SFUNIVERSITY OF NEVADA RENO FOUNDATI: $181,000 · OtherUNIVERSITY OF NEVADA RENO FOUNDATITHE REGENTS OF THE UNIVERSITY OF CA: $147,500 · OtherTHE REGENTS OF THE UNIVERSITY OF CASKY MOUNTAIN LIFE SCHOOLSKY MOUNTA: $130,000 · OtherSKY MOUNTAIN LIFE SCHOOLSKY MOUNTAUNIVERSITY OF NEVADA RENO: $118,500 · OtherUNIVERSITY OF NEVADA RENOLOTUS BLOOM FAMILY RESOURCE CENTER: $85,000 · OtherNV PARALYZED VETERANS OF AMERICA: $75,000 · OtherMYAGRO FARMS: $75,000 · Other+54 more: $985,466 · Other+54 moreINTERNATIONAL REFUGEE ASSISTANCE PROJECT INC: $151,500 · Human ServicesINTERNATIONAL RE…THE BRIGID ALLIANCE INC: $104,300 · Human ServicesTHE BRIGID ALLIA…THE CUPCAKE GIRLS: $101,500 · Human ServicesTHE CUPCAKE GIRL…GIVEDIRECTLY INC: $100,000 · Human ServicesGIVEDIRECTLY INCDOMESTIC VIOLENCE RESOURCE CENTER: $60,000 · Human ServicesDOMESTIC VIOLENC…DOWNTOWN WOMEN'S CENTER: $50,000 · Human ServicesDOWNTOWN WOMEN'S…THE CHILDREN'S CABINET INC: $44,000 · Human ServicesTHE CHILDREN'S C…Larkin Street Youth Services: $40,000 · Human ServicesLarkin Street Yo…+11 more: $74,500 · Human Services+11 moreTHUNDERBIRD LODGE PRESERVATION SOCIETY: $253,600 · Arts & CultureTHUNDERBIRD LOD…Lone Star Flight Museum: $155,200 · Arts & CultureLone Star Fligh…ARTWATCH INTERNATIONAL INC: $50,000 · Arts & CultureARTWATCH INTERN…SOUTHERN NEVADA PUBLIC TELEVISION: $40,000 · Arts & CultureSOUTHERN NEVADA…EBELL FRIENDS: $34,500 · Arts & CultureSAN DIEGO AIR & SPACE MUSEUM INC: $32,500 · Arts & CultureNevada Museum of Art: $27,500 · Arts & CultureTHE ANTIQUE BOAT MUSEUM: $26,500 · Arts & CultureRENO PHILHARMONIC ASSOCIATION INC: $26,000 · Arts & Culture+10 more: $59,500 · Arts & Culture+10 moreBARNARD COLLEGE: $196,000 · EducationBARNARD COLLE…University of San Francisco: $167,500 · EducationUniversity of…TORCH OF FREEDOM FOUNDATION: $75,200 · EducationTORCH OF FREE…Oakland Leaf Foundation: $55,000 · EducationOakland Leaf …DEMOCRACY PREP AT THE AGASSI CAMPUS: $50,000 · EducationDEMOCRACY PRE…BLACK PINE CIRCLE INC: $40,000 · EducationBLACK PINE CI…+3 more: $35,000 · Education+3 morePLANNED PARENTHOOD MAR MONTE INC: $175,000 · HealthPLANNED P…PLANNED PARENTHOOD OF GREATER NEW YORK INC: $175,000 · HealthPLANNED P…Texas Heart Institute: $38,500 · HealthTexas Hea…PLANNED PARENTHOOD SOUTHEAST INC: $20,000 · Health+4 more: $24,000 · Health+4 moreHOMES FOR OUR TROOPS INC: $180,900 · Housing & ShelterSafe Parking LA: $104,500 · Housing & ShelterEAST BAY INNOVATIONS INC: $30,000 · Housing & ShelterCOMMUNITY PARTNERS: $101,000 · Community Improvement
Other$2,142,166Human Services$725,800Arts & Culture$705,300Education$618,700Health$432,500Housing & Shelter$315,400Community Improvement$101,000

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 budgetTHUNDERBIRD LODGE PRESERVATION SOCIETY: $253,600 over 10y, 1.4% of budgetBARNARD COLLEGE: $196,000 over 7y, 0.0% of budgetHOMES FOR OUR TROOPS INC: $180,900 over 10y, 0.1% of budgetPLANNED PARENTHOOD MAR MONTE INC: $175,000 over 9y, 0.0% of budgetPLANNED PARENTHOOD OF GREATER NEW YORK INC: $175,000 over 9y, 0.0% of budgetUniversity of San Francisco: $167,500 over 5y, 0.0% of budgetLone Star Flight Museum: $155,200 over 6y, 0.7% of budgetINTERNATIONAL REFUGEE ASSISTANCE PROJECT INC: $151,500 over 6y, 0.2% of budgetSafe Parking LA: $104,500 over 3y, 1.1% of budgetTHE BRIGID ALLIANCE INC: $104,300 over 4y, 0.2% of budgetTHE CUPCAKE GIRLS: $101,500 over 4y, 2.4% of budgetCOMMUNITY PARTNERS: $101,000 over 4y, 0.0% of budgetGIVEDIRECTLY INC: $100,000 over 2y, 0.0% of budgetTORCH OF FREEDOM FOUNDATION: $75,200 over 8y, 1.9% of budgetCOALITION FOR HUMANE IMMIGRANT RIGHTS: $65,000 over 3y, 0.2% of budgetDOMESTIC VIOLENCE RESOURCE CENTER: $60,000 over 8y, 0.8% of budgetOakland Leaf Foundation: $55,000 over 3y, 1.4% of budgetDOWNTOWN WOMEN'S CENTER: $50,000 over 3y, 0.1% of budgetDEMOCRACY PREP AT THE AGASSI CAMPUS: $50,000 over 2y, 0.3% of budgetA PLACE CALLED HOME: $50,000 over 3y, 0.2% of budgetBurn Institute: $48,000 over 8y, 0.6% of budgetTHE CHILDREN'S CABINET INC: $44,000 over 7y, 0.0% of budgetTAHOE MARITIME FOUNDATION: $40,000 over 2y, 3.5% of budgetLarkin Street Youth Services: $40,000 over 2y, 0.1% of budgetBLACK PINE CIRCLE INC: $40,000 over 2y, 0.2% of budgetTexas Heart Institute: $38,500 over 2y, 0.1% of budgetEBELL FRIENDS: $34,500 over 2y, 4.6% of budgetSAN DIEGO AIR & SPACE MUSEUM INC: $32,500 over 5y, 0.3% of budgetEAST BAY INNOVATIONS INC: $30,000 over 2y, 0.2% of budgetNevada Museum of Art: $27,500 over 4y, 0.2% of budgetTHE ANTIQUE BOAT MUSEUM: $26,500 over 3y, 0.3% of budgetRENO PHILHARMONIC ASSOCIATION INC: $26,000 over 6y, 0.2% of budgetWAVES PROJECT INC: $24,916 over 5y, 1.4% of budgetTHE ESCONDIDO CREEK CONSERVANCY: $23,000 over 3y, 2.0% of budgetNATIONAL WOMEN'S HISTORY MUSEUM: $20,000 over 1y, 1.1% of budgetNEVADA WOMEN'S FUND: $20,000 over 1y, 2.3% of budgetPLANNED PARENTHOOD SOUTHEAST INC: $20,000 over 1y, 0.2% of budgetLOS ANGELES REGIONAL FOOD BANK: $20,000 over 1y, 0.0% of budgetHEALTH VOLUNTEERS OVERSEAS INC: $20,000 over 1y, 1.8% of budgetNEVADA PARALYZED VETERANS OF AMERICA: $20,000 over 1y, 4.7% of budgetNIGHTHAWK MARCHING BAND BOOSTERS: $15,000 over 3y, 6.0% of budgetJOVENES INC: $15,000 over 1y, 0.4% of budgetTHE 1701 GROUP FKA ASSISTANCE LEAGUE OF RENO-SPARKS: $15,000 over 3y, 0.4% of budgetANZA-BORREGO FOUNDATION: $13,300 over 4y, 0.3% of budgetFRIENDS OF NEVADA WILDERNESS: $13,000 over 3y, 0.4% of budgetVeterans Guest House Inc: $10,000 over 1y, 1.1% of budgetRENO ROTARY FOUNDATION: $10,000 over 2y, 6.1% of budgetJOHN BROWN UNIVERSITY: $10,000 over 1y, 0.0% 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 THUNDERBIRD LODGE PRESERVATION SOCIETY ↗
  • Who funds BARNARD COLLEGE ↗
  • Who funds HOMES FOR OUR TROOPS INC ↗
  • Who funds PLANNED PARENTHOOD MAR MONTE INC ↗
  • Who funds PLANNED PARENTHOOD OF GREATER NEW YORK INC ↗
  • Who funds University of San Francisco ↗
  • Who funds Lone Star Flight Museum ↗
  • Who funds INTERNATIONAL REFUGEE ASSISTANCE PROJECT INC ↗
  • Who funds Safe Parking LA ↗
  • Who funds THE BRIGID ALLIANCE INC ↗
  • Who funds THE CUPCAKE GIRLS ↗
  • Who funds COMMUNITY PARTNERS ↗
  • Who funds GIVEDIRECTLY INC ↗
  • Who funds TORCH OF FREEDOM FOUNDATION ↗
  • Who funds MYAGRO FARMS ↗
  • Who funds COALITION FOR HUMANE IMMIGRANT RIGHTS ↗
  • Who funds DOMESTIC VIOLENCE RESOURCE CENTER ↗
  • Who funds Oakland Leaf Foundation ↗
  • Who funds DOWNTOWN WOMEN'S CENTER ↗
  • Who funds DEMOCRACY PREP AT THE AGASSI CAMPUS ↗
  • Who funds ARTWATCH INTERNATIONAL INC ↗
  • Who funds A PLACE CALLED HOME ↗
  • Who funds Burn Institute ↗
  • Who funds THE CHILDREN'S CABINET INC ↗
  • Who funds TAHOE MARITIME FOUNDATION ↗
  • Who funds SOUTHERN NEVADA PUBLIC TELEVISION ↗
  • Who funds Larkin Street Youth Services ↗

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.

NV Energy Charitable …The E L Cord Foundati…Community Foundation …Robert Z Hawkins Foun…John Ben Snow Memoria…The Nell J Redfield F…Dermody Properties Fo…Peek Family Charitabl…Renown HealthWilliam N Pennington …Thelma B & Thomas P H…Tahoe Community Found…
NV Energy Charitable FoundationNV45.4× affinity20 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: NV Energy Charitable Foundation · The E L Cord Foundation · Community Foundation of Northern Nevada · Robert Z Hawkins Foundation · John Ben Snow Memorial Tr Uw #839158 · The Nell J Redfield Foundation · Dermody Properties Foundation · Peek Family Charitable Foundation · Renown Health · William N Pennington Foundation · Thelma B & Thomas P Hart Foundation · Tahoe Community 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 Charles H Stout Foundation funds: left to right is the share of its income from government, bottom to top the share from Charles H Stout Foundation. 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
    34report 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 121 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 2026, released 2026. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Charles H Stout’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