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Cogswell Benevolent Trust at a glance

· Private foundation

Cogswell Benevolent Trust

Its FY2025 filing reports that it accepted unsolicited grant applications.

$1.8M
Granted FY2025still arriving
107
Grants FY2025still arriving
4
States reached
$75k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
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.

Human Services$3.1MHealth$3.1MYouth Development$1.8MFood & Nutrition$1.6MHousing & Shelter$1.6MEducation$958kPhilanthropy$936kArts & Culture$819kOther$0
02FY2025 · 107 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k35 grants · $158k
  • $10k–50k63 grants · $1.1M
  • $50k–250k9 grants · $510k
$10,000
Median grant
4
States reached
$34M
Total assets
Largest grants
RecipientAmount
Individual grant recipient$75,000
FRIENDS OF AINE CENTER$75,000
GRANITE UNITED WAY$60,000
EASTER SEALS NH$50,000
NH FOOD BANK$50,000
NH FOOD BANK$50,000
ST AMSELM'S JEAN SCHOOL OF NURSING AND HEALTH SCIENCES$50,000
MY TURN$50,000
WAYPOINT NH$50,000
CAMP ALLEN NH$40,000
LIVE & LET LIVE FARM INC$32,000
GRANITE STATE CHILDREN'S ALLIANCE$30,000
GRANITE STATE CHILDREN'S ALLIANCE$30,000
BOYS & GIRLS CLUB OF SOUHEGAN VALLEY$25,000
BOYS & GIRLS CLUB OF GREATER NASHUA$25,000
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 (FY17–25, $3.0M) land where the poverty rate runs at 7%, against an area that typically sits at 8%. 13% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 8%YMCA OF GREATER NASHUA: $50k → 7%SEEDS OF FAITH LYDIA'S HOUSE OF HOPE: $30k → 9%SEEDS OF FAITH LYDIA'S HOUSE OF HOPE: $20k → 9%YMCA CAMP BELKNAP: $25k → 9%YMCA CAMP BELKNAP: $25k → 9%YMCA CAMP BELKNAP: $25k → 9%YMCA CAMP BELKNAP: $25k → 9%YMCA CAMP BELKNAP: $25k → 9%MOORE CENTER: $140k → 7%MOORE CENTER: $50k → 7%MOORE CENTER: $50k → 7%NASHUA CHILDREN'S HOME: $25k → 7%NASHUA CHILDREN'S HOME: $20k → 7%NASHUA CHILDREN'S HOME: $20k → 7%NFI NORTH: $20k → 7%NFI NORTH: $20k → 7%NH FOOD BANK: $100k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $50k → 7%NH FOOD BANK: $25k → 7%EASTER SEALS NEW HAMPSHIRE: $100k → 7%EASTER SEALS NEW HAMPSHIRE: $75k → 7%EASTER SEALS NEW HAMPSHIRE: $75k → 7%EASTER SEALS NEW HAMPSHIRE: $75k → 7%EASTER SEALS NEW HAMPSHIRE: $75k → 7%EASTER SEALS NEW HAMPSHIRE: $75k → 7%EASTER SEALS NEW HAMPSHIRE: $75k → 7%CHILD & FAMILY SERVICES OF NEW HAMPSHIRE: $60k → 7%CHILD & FAMILY SERVICES OF NEW HAMPSHIRE: $47k → 7%WEBSTER HOUSE: $25k → 7%WEBSTER HOUSE: $25k → 7%WEBSTER HOUSE: $23k → 7%MONADNOCK FAMILY SERVICES: $25k → 7%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.

85%of every dollar goes to organizations it has funded before.
$13M · 198 repeat orgs$2.4M to everyone else

Grantees it renews have grown median revenue +48% since the first grant, against +15% for those funded once.

198 repeat relationships: 71 still active in FY2025, 127 since wound down; 29 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

198
154

Total granted

$13M
$2.0M

Median revenue growth · since first grant

+48%
+15%

Still filing today

63%
49%

New vs renewed · share of each year

In FY2025, 76% of grant dollars renewed an existing relationship; $422k went to new ones.

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

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

’17’18’19’20’21’22’23’24’25
Human ServicesHealthEducationArts & CultureYouth 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

  • NH
    New Hampshire Catholic Charities
    9× · 2017–2025 · $975k · revenue +25%
  • GU
    GRANITE UNITED WAY
    9× · 2017–2025 · $873k · revenue +40%
  • FI
    Families in Transition
    9× · 2017–2025 · $770k · revenue +23%

Funded once

  • SN
    SOUTHERN NH UNIVERSITY
    one grant, 2020 · $56k
  • GM
    GREATER MANCHESTER COMMUNITY HEALTH CENTER
    one grant, 2018 · $50k
  • MO
    MEALS ON WHEELS HILLSBOROUGH COUNTY
    one grant, 2023 · $50k
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
New Hampshire Children's Health Foundation
Health
2
Southern New Hampshire Health System Inc

Southern New Hampshire Health is dedicated to providing exceptional care that improves the health and well-being of individuals and communities we serve.

Health
3
Northern New Hampshire Healthcare Collaborative Inc

Northern New Hampshire Healthcare Collaborative, Inc. will ensure access to quality care within the communities in which our patients live, provide local and high quality care with positive outcomes to our patients in Coos County while…

—
4
Bank of New Hampshire Charitable Foundation
Philanthropy
5
Greater Nashua Council on Alcoholism Keystone Hall

The holding company for 615 Amherst St, Harbor Care's licensed residential treatment center for individuals and families living with substance use disorder.

Health
6
Dartmouth Health Home Care Inc

We are dedicated to delivering outstanding home health and hospice services that enrich the lives of the people we serve.

—
7
Concord Area Trust for Community Housing

Catch's mission is to strengthen our communities by creating opportunities for permanently affordable, quality housing for people otherwise not being served.

Housing & Shelter
8
Addiction Recovery Coalition of New Hampshire

ARCNH community recovery center is a Peer-to-Peer recovery coaching program that is designed to provide those on the path to recovery with individualized care and support from those with personal experiences with SUDS

Health
9
Northeast Kingdom Council on Aging Inc

We support people age 60 and older persons with disabilities in their efforts to remain active healthy, financially secure, and in control of their own lives. The Agency connects people and the services they they need to live independently…

Human Services
10
The Mental Health Center of Greater Manchester Inc

To provide mental health services for persons in the Greater Manchester, NH area.

—
11
New Hampshire Public Health Association

Nhpha is a member driven organization that champions public health policy and practice, enriches the workforce and inspires leaders to improve the publics health.

—
12
The Well Ne

The Well's mission is to deliver real solutions in behavioral health through compassion, innovation, and collaboration. By building an inclusive community, we offer comprehensive treatment and resources to empower individuals of diverse…

Health
How this is measured
The grantee most central to the portfolio’s shape is The Lakes Region Mental Health Center Inc; the most unlike its peers is Haverhill Library Association. 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

221 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. 221 of the 381 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.

1
Load-bearing (≥25% of a budget)
70
Early backer (in before they grew)
216/221
Grantees still filing
158/221
Grew since first funded

Where the money sits, by cause and then by grantee

GRANITE UNITED WAY: $873,000 · OtherGRANITE UNITED WAYIndividual grant recipient: $342,600 · OtherSALVATION ARMY MANCHESTER: $300,000 · OtherThe Granite Young Men's Christian Association: $267,500 · Other+121 more: $5,424,580 · Other+121 moreNew Hampshire Catholic Charities: $975,000 · Human ServicesNew Hampshire Catholic C…Easter Seals New Hampshire Inc: $550,000 · Human ServicesEaster Seals New Hampshi…WAYPOINT: $272,000 · Human ServicesWAYPOINTMOORE CENTER SERVICES INC: $240,000 · Human ServicesMOORE CENTER SERVICES IN…WEBSTER HOUSE: $177,891 · Human ServicesWEBSTER HOUSENASHUA CHILDREN'S HOME: $125,000 · Human ServicesYMCA CAMP BELKNAP INC: $125,000 · Human Services+15 more: $536,436 · Human Services+15 moreMary and John Elliot Charitable Foundation: $325,000 · HealthMary and Joh…Catholic Medical Center: $295,000 · HealthCatholic Med…THE BARTON CENTER FOR DIABETES EDUCATION: $178,000 · HealthTHE BARTON C…Amoskeag Health: $150,000 · HealthAmoskeag Hea…Greater Seacoast Community Health: $72,529 · HealthConcord Hospital Trust: $55,000 · Health+17 more: $499,641 · Health+17 moreFamilies in Transition: $770,000 · Housing & ShelterManchester Neighborhood Housing Services Inc: $100,000 · Housing & ShelterHarbor Homes Inc: $60,000 · Housing & Shelter+4 more: $88,835 · Housing & ShelterBOYS & GIRLS CLUBS OF GREATER MANCHESTER: $355,075 · Youth DevelopmentNashua Police Athletic League: $110,000 · Youth DevelopmentGIRLS AT WORK INC: $95,000 · Youth DevelopmentBoys & Girls Club of Greater Nashua Inc: $90,000 · Youth DevelopmentBOYS & GIRLS CLUB OF GREATER SALEM INC: $55,300 · Youth DevelopmentGIRL SCOUTS OF THE GREEN AND WHITE MTNS: $42,500 · Youth Development+3 more: $65,000 · Youth DevelopmentCANTERBURY SHAKER VILLAGE INC: $81,776 · Arts & CulturePALACE THEATRE TRUST: $66,500 · Arts & CultureCHILDREN'S MUSEUM OF NEW HAMPSHIRE: $47,000 · Arts & CultureAMERICAN INDEPENDENCE CENTER: $33,200 · Arts & CultureCONCORD COMMUNITY MUSIC SCHOOL: $30,000 · Arts & CultureSEE SCIENCE CENTER INC: $25,175 · Arts & CultureMCAULIFFE-SHEPARD DISCOVERY CENTER CORP: $21,532 · Arts & CultureMonarch School of New England Inc: $60,000 · EducationNEW HAMPSHIRE CENTER FOR NONPROFITS: $30,000 · EducationCLAREMONT LEARNING PARTNERSHIP: $30,000 · EducationThe Thomas More College of Liberal Arts Inc: $30,000 · EducationNOAH'S ARK CHILD CARE CENTER: $20,000 · EducationBack In The Saddle Equine Therapy Center: $20,000 · EducationNASHUA ADULT LEARNING CENTER INC: $17,500 · Education
Other$7,207,680Human Services$3,001,327Health$1,575,170Housing & Shelter$1,018,835Youth Development$812,875Arts & Culture$305,183Education$207,500

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 budgetNew Hampshire Catholic Charities: $975,000 over 9y, 0.2% of budgetGRANITE UNITED WAY: $873,000 over 9y, 1.4% of budgetFamilies in Transition: $770,000 over 9y, 1.4% of budgetEaster Seals New Hampshire Inc: $550,000 over 7y, 0.1% of budgetBOYS & GIRLS CLUBS OF GREATER MANCHESTER: $355,075 over 6y, 1.8% of budgetMary and John Elliot Charitable Foundation: $325,000 over 5y, 2.3% of budgetCatholic Medical Center: $295,000 over 4y, 0.0% of budgetWAYPOINT: $272,000 over 6y, 0.5% of budgetThe Granite Young Men's Christian Association: $267,500 over 6y, 0.4% of budgetMOORE CENTER SERVICES INC: $240,000 over 3y, 0.2% of budgetTHE DERRYFIELD SCHOOL: $200,000 over 5y, 0.4% of budgetGIRLS INCORPORATED OF NEW HAMPSHIRE: $195,000 over 9y, 1.2% of budgetTHE BARTON CENTER FOR DIABETES EDUCATION: $178,000 over 7y, 1.1% of budgetWEBSTER HOUSE: $177,891 over 7y, 2.1% of budgetAmoskeag Health: $150,000 over 2y, 0.4% of budgetMAYHEW: $150,000 over 2y, 5.3% of budgetNASHUA CHILDREN'S HOME: $125,000 over 8y, 0.6% of budgetYMCA CAMP BELKNAP INC: $125,000 over 5y, 0.7% of budgetLIVE AND LET LIVE FARM INC: $124,000 over 8y, 1.8% of budgetNashua Police Athletic League: $110,000 over 4y, 5.1% of budgetMANCHESTER HISTORIC ASSOCIATION: $108,650 over 6y, 7.4% of budgetTHE COMMUNITY KITCHEN INC: $100,000 over 8y, 1.1% of budgetNew Hampshire Association for the Blind D/B/A Future in Sight: $100,000 over 4y, 0.9% of budgetRIVERBEND COMMUNITY MENTAL HEALTH: $100,000 over 5y, 0.1% of budgetManchester Neighborhood Housing Services Inc: $100,000 over 4y, 1.6% of budgetNEW HAMPSHIRE COMMUNITY LOAN FUND INC: $100,000 over 4y, 0.4% of budgetNEW HORIZONS FOR NEW HAMPSHIRE INC: $95,000 over 2y, 3.1% of budgetGIRLS AT WORK INC: $95,000 over 3y, 12% of budgetBoys & Girls Club of Greater Nashua Inc: $90,000 over 4y, 1.0% of budgetCANTERBURY SHAKER VILLAGE INC: $81,776 over 4y, 1.5% of budgetGreater Seacoast Community Health: $72,529 over 3y, 0.1% of budgetGather: $70,000 over 7y, 0.3% of budgetTHE GRANITE STATE CHILDREN'S ALLIANCE: $68,900 over 2y, 1.1% of budgetPALACE THEATRE TRUST: $66,500 over 4y, 0.4% of budgetSEEDS OF FAITH INC: $65,000 over 3y, 4.3% of budgetHarbor Homes Inc: $60,000 over 3y, 0.1% of budgetMonarch School of New England Inc: $60,000 over 4y, 0.3% of budgetBOYS & GIRLS CLUB OF GREATER SALEM INC: $55,300 over 5y, 0.7% of budgetConcord Hospital Trust: $55,000 over 4y, 0.2% of budgetHome Health and Hospice Care: $51,500 over 3y, 0.1% of budgetHealthy at Home Inc: $50,000 over 2y, 1.8% of budgetYoung Men's Christian Association of Greater Nashua: $50,000 over 1y, 0.3% of budgetTHE LAKES REGION MENTAL HEALTH CENTER INC: $50,000 over 2y, 0.2% of budgetUPREACH THERAPEUTIC EQUESTRIAN CENTER INC: $49,898 over 4y, 2.3% of budgetCHILDREN'S MUSEUM OF NEW HAMPSHIRE: $47,000 over 4y, 1.7% of budgetMONADNOCK FAMILY SERVICES: $45,000 over 2y, 0.2% of budgetMONADNOCK UNITED WAY INC: $45,000 over 5y, 0.7% of budgetGIRL SCOUTS OF THE GREEN AND WHITE MTNS: $42,500 over 5y, 0.2% 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 New Hampshire Catholic Charities ↗
  • Who funds GRANITE UNITED WAY ↗
  • Who funds Families in Transition ↗
  • Who funds Easter Seals New Hampshire Inc ↗
  • Who funds BOYS & GIRLS CLUBS OF GREATER MANCHESTER ↗
  • Who funds Mary and John Elliot Charitable Foundation ↗
  • Who funds Catholic Medical Center ↗
  • Who funds WAYPOINT ↗
  • Who funds The Granite Young Men's Christian Association ↗
  • Who funds MOORE CENTER SERVICES INC ↗
  • Who funds THE DERRYFIELD SCHOOL ↗
  • Who funds GIRLS INCORPORATED OF NEW HAMPSHIRE ↗
  • Who funds THE BARTON CENTER FOR DIABETES EDUCATION ↗
  • Who funds WEBSTER HOUSE ↗
  • Who funds Amoskeag Health ↗
  • Who funds MAYHEW ↗
  • Who funds NASHUA CHILDREN'S HOME ↗
  • Who funds YMCA CAMP BELKNAP INC ↗
  • Who funds LIVE AND LET LIVE FARM INC ↗
  • Who funds Nashua Police Athletic League ↗
  • Who funds MANCHESTER HISTORIC ASSOCIATION ↗
  • Who funds THE COMMUNITY KITCHEN INC ↗
  • Who funds New Hampshire Association for the Blind D/B/A Future in Sight ↗
  • Who funds RIVERBEND COMMUNITY MENTAL HEALTH ↗
  • Who funds Manchester Neighborhood Housing Services Inc ↗
  • Who funds NEW HAMPSHIRE COMMUNITY LOAN FUND INC ↗
  • Who funds NEW HORIZONS FOR NEW HAMPSHIRE INC ↗
  • Who funds GIRLS AT WORK INC ↗
  • Who funds Boys & Girls Club of Greater Nashua Inc ↗
  • Who funds CANTERBURY SHAKER VILLAGE 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.

New Hampshire Charita…Madelaine G Vonweber …Arthur Jr Dobles & Ol…Agnes M Lindsay TrustSamuel P Hunt Foundat…Eversource Energy Fou…Granite United WayArthur L Getz Charita…Trust Uw Oleonda Jame…Bangor Savings Bank F…Eastern Bank Foundati…Bank of New Hampshire…
New Hampshire Charitable FoundationNH221.2× affinity185 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: New Hampshire Charitable Foundation · Madelaine G Vonweber Trust Todd Fahey & William Tucker Co-Trustees · Arthur Jr Dobles & Olive G Dobles Crut · Agnes M Lindsay Trust · Samuel P Hunt Foundation · Eversource Energy Foundation Inc · Granite United Way · Arthur L Getz Charitable Tr · Trust Uw Oleonda Jameson · Bangor Savings Bank Foundation · Eastern Bank Foundation · Bank of New Hampshire Charitable 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 Cogswell Benevolent Trust funds: left to right is the share of its income from government, bottom to top the share from Cogswell Benevolent Trust. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%2%8%17%30%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 11%
  • Upper Valley Haven: 38% of income from government
  • Camp Starfish Inc: 18% of income from government
  • Willing Hands Enterprises Inc: 17% of income from government
  • City Year Inc: 11% of income from government
  • Reach Out and Read Inc: 9% of income from government
  • Appalachian Mountain Club: 1% of income from government
  • New England Kurn Hattin Homes: 1% of income from government
no gov moneyreceives it· size = income
2get no government money at all
81report 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.
05Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to Cogswell Benevolent Trust?

Find your warmest path to Cogswell Benevolent Trust 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 381 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 Cogswell Benevolent’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