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Ed and Betty Manoyan Foundation at a glance

· Private foundation

Ed and Betty Manoyan Foundation

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.

$112k
Granted FY2025still arriving
56
Grants FY2025still arriving
4
States reached
$14k
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, FY2017 to 2025.

Human Services$262kHealth$236kFood & Nutrition$230kPublic Safety & Disaster$153kAnimals$133kHousing & Shelter$73kEmployment$43kCivil Rights$21kOther$0
02FY2025 · 56 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k54 grants · $86k
  • $10k–50k2 grants · $27k
$1,000
Median grant
4
States reached
$2.2M
Total assets
Largest grants
RecipientAmount
RED CROSS CAPITOL REGION$13,600
Individual grant recipient$13,000
SACRAMENTO FOOD BANK$7,500
SACRAMENTO CHILDRENS HOME$7,000
MAKE A WISH FOUNDATION N CALIFORNIA$7,000
SAN FRANSISCO FOOD BANK$6,000
UCSF FOUNDATION$5,500
FAMILY HOUSE INC$5,500
WE CARE$4,500
MEALS ON WHEELS SAN FRANSISCO$4,000
SACRAMENTO LOAVES FISHES$3,500
ST JOHNS PROGRAM FOR CHANGE$3,500
HOMELESS PRENATAL PROGRAM$2,500
WEAVE$2,000
RAPHAEL HOUSE OF SAN FRANSISCO$2,000
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, $211k) land where the poverty rate runs at 11%, 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%PROJECT NIGHT NIGHT: $500 → 10%LIGHTHOUSE FOR THE BLIND: $1k → 10%LIGHTHOUSE FOR THE BLIND: $1k → 10%LIGHTHOUSE FOR THE BLIND: $1k → 10%LIGHTHOUSE FOR THE BLIND: $500 → 10%WELLSPRING WOMENS CENTER: $500 → 12%WELLSPRING WOMENS CENTER: $500 → 12%LARKIN STREET YOUTH SERVICES: $1k → 10%LARKIN STREET YOUTH SERVICES: $1k → 10%LARKIN STREET YOUTH SERVICES: $1k → 10%LARKIN STREET YOUTH SERVICES: $500 → 10%ONE WARM COAT: $1k → 10%ONE WARM COAT: $1k → 10%SACRAMENTO CHILDREN'S HOME: $15k → 12%SACRAMENTO CHILDREN'S HOME: $13k → 12%SACRAMENTO CHILDREN'S HOME: $12k → 12%SACRAMENTO CHILDREN'S HOME: $10k → 12%SACRAMENTO CHILDREN'S HOME: $10k → 12%SACRAMENTO CHILDRENS HOME: $7k → 12%SACRAMENTO CHILDREN'S HOME: $7k → 12%SACRAMENTO CHILDREN'S HOME: $7k → 12%SACRAMENTO CHILDREN'S HOME: $6k → 12%RAPHAEL HOUSE OF SAN FRANCISCO: $12k → 10%RAPHAEL HOUSE OF SAN FRANCISCO: $12k → 10%RAPHAEL HOUSE OF SAN FRANCISCO: $9k → 10%RAPHAEL HOUSE OF SAN FRANCISCO: $8k → 10%RAPHAEL HOUSE OF SAN FRANCISCO: $8k → 10%RAPHAEL HOUSE OF SAN FRANCISCO: $3k → 10%RAPHAEL HOUSE OF SAN FRANCISCO: $3k → 10%SAINT JOHN'S PROGRAM FOR REAL CHANG: $5k → 12%SAINT JOHN'S PROGRAM FOR REAL CHANG: $5k → 12%RAPHAEL HOUSE OF SAN FRANCISCO: $3k → 10%SAINT JOHN'S PROGRAM FOR REAL CHANG: $4k → 12%SAINT JOHN'S PROGRAM FOR REAL CHANG: $4k → 12%RAPHAEL HOUSE OF SAN FRANSISCO: $2k → 10%SAINT JOHN'S PROGRAM FOR REAL CHANG: $4k → 12%SAINT JOHN'S PROGRAM FOR REAL CHANG: $4k → 12%MAKE A WISH GREATER BAY AREA: $4k → 10%SAINT JOHN'S PROGRAM FOR REAL CHANG: $3k → 12%SAINT JOHN'S PROGRAM FOR REAL CHANG: $3k → 12%MAKE A WISH GREATER BAY AREA: $3k → 10%MAKE A WISH GREATER BAY AREA: $3k → 10%MAKE A WISH GREATER BAY AREA: $3k → 10%MAKE A WISH GREATER BAY AREA: $3k → 10%STANFORD SETTLEMENT: $1k → 12%STANFORD SETTLEMENT: $750 → 12%MAKE A WISH GREATER BAY AREA: $2k → 10%MAKE A WISH GREATER BAY AREA: $2k → 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.
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.
04

Where the work is directed

The same grants placed two ways: where each recipient sits, and where its stated purpose sends the money.

About 7% of Ed and Betty Manoyan Foundation’s grant dollars are earmarked for a different county than the recipient’s own address. By recipient address, 99% of the giving stays in CA; by stated purpose, 94%.

Ed and Betty Manoyan Foundationlessmore of its giving
Placed by recipient address
How this is measured
Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the funder’s own 990 grant descriptions.
03Its grantees
repeat funding

Who it funds again

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

95%of every dollar goes to organizations it has funded before.
$1.1M · 72 repeat orgs$58k to everyone else

Grantees it renews have grown median revenue +28% since the first grant, against +11% for those funded once.

72 repeat relationships: 36 still active in FY2025, 36 since wound down; 19 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

72
12

Total granted

$1.1M
$7k

Median revenue growth · since first grant

+28%
+11%

Still filing today

67%
67%

New vs renewed · share of each year

In FY2025, 55% of grant dollars renewed an existing relationship; $51k 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 ServicesEducationHealthAnimalsRecreation & SportsPhilanthropyOther
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

  • TS
    THE SAN FRANCISCO SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS
    8× · 2017–2024 · $96k · revenue +69%
  • SC
    SACRAMENTO CHILDREN'S HOME
    9× · 2017–2025 · $86k · revenue +108%
  • SF
    SAN FRANCISCO FOOD BANK
    9× · 2017–2025 · $63k · revenue +74%

Funded once

  • PP
    PLANNED PARENTHOOD NOR CAL
    one grant, 2024 · $2k
  • CA
    CROCKER ART MUSEUM FOUNDATION
    one grant, 2019 · $1k · revenue +4%
  • CF
    Center for Fathers and Familiesgraduated
    one grant, 2021 · $750 · revenue +149%
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
The San Francisco Particular Council of the Society of St Vincent De Paul

The mission of the st. vincent de paul society of san francisco (svdp-sf) is to offer hope and service on a direct person-to-person basis, working to break the cycles of homelessness and domestic violence.

Human Services
2
Children's Council of San Francisco

By advocating for quality early care and education, empowering families with information and financial support, and building the capabilities of educators, Children's Council of San Francisco ensures that every child in San Francisco has…

Human Services
3
San Francisco Challenge dba AmericaOne
Recreation & Sports
4
Jobs with Justice San Francisco

A long-term, strategic alliance of labor, community, faith-based, and student organizations working together to build greater economic power for workers and community members through employee rights at work and access to good jobs,…

Employment
5
San Francisco Public Press

The mission of the San Francisco Public Press is to enrich civic life by publishing investigative and solutions journalism that engages diverse audiences and promotes public accountability. The San Francisco Public Press…

Education
6
Sf Partnership

SF Partnership is an organization comprised of SF's leading employers dedicated to supporting an equitable, resilient, and vibrant economy shared by all people working and living in San Francisco. Through education, advocacy, and research,…

—
7
San Francisco Women Against Rape

San Francisco Women Against Rape is a community-based rape crisis center. We provide support to sexual assault survivors, their family members, significant others, and friends. We use education as a tool of prevention. Direct services…

—
8
Sacramento Steps Forward

The Organization's mission is to ensure that individuals and families experiencing homelessness or the risk of homelessness are able to access housing services and resources on their path to economic stability. The Organization is the lead…

Human Services
9
Extrafood

Food Rescue - The Organization rescues excess fresh food from Bay Area businesses, schools and non-profits and immediately delivers the food to safety net partners - such as senior housing centers, after-school programs, and homeless…

Food & Nutrition
10
Walk San Francisco Foundation

Walk SF works to make San Francisco the safest, most walkable city in the United States.

Public Safety & Disaster
11
Faces Sf

Our mission is to nurture, teach and empower children and families to transform their lives by providing critical assistance to low-income families with early childhood development, workforce training, school-age enrichment, and family…

Education
12
Housing Rights Committee of San Francisco Inc

The Housing Rights Committee of San Francisco is dedicated to combating the displacement crisis gripping our city by building the power of working-class tenants of color to take on the real estate industry and win housing justice for all.…

Education
How this is measured
The grantee most central to the portfolio’s shape is United Way California Capital Region; the most unlike its peers is Aim High. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
05the grantee network

65 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. 65 of the 104 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)
7
Early backer (in before they grew)
65/65
Grantees still filing
42/65
Grew since first funded

Where the money sits, by cause and then by grantee

RED CROSS - CAPITAL REGION CHAPTER: $112,500 · OtherRED CROSS - CAPITAL REGION CHAPTERSAN FRANCISCO FOOD BANK: $62,850 · OtherSAN FRANCISCO FOOD BANKSACRAMENTO FOOD BANK & FAMILY SERVICES: $59,300 · OtherSACRAMENTO FOOD BANK & FAMILY SERVICESSACRAMENTO LOAVES FISHES: $54,000 · OtherSACRAMENTO LOAVES FISHESMAKE-A-WISH FOUNDATION OF NE CALIF: $48,000 · OtherMAKE-A-WISH FOUNDATION OF NE CALIFWE CARE: $47,000 · OtherWE CAREGOODWILL OF SAN FRANCISCO: $30,650 · OtherWEAVE INC: $28,700 · OtherSALVATION ARMY - SACRAMENTO: $24,750 · Other+60 more: $249,950 · Other+60 moreSACRAMENTO CHILDREN'S HOME: $85,500 · Human ServicesSACRAMENTO CHILDREN…RAPHAEL HOUSE OF SAN FRANCISCO INC: $59,750 · Human ServicesRAPHAEL HOUSE OF SA…SAINT JOHN'S PROGRAM FOR REAL CHANGE: $30,300 · Human ServicesSAINT JOHN'S PROGRA…MAKE-A-WISH FOUNDATION OF GREATER BAY AREA: $20,350 · Human ServicesMAKE-A-WISH FOUNDAT…+11 more: $16,250 · Human Services+11 moreTHE SAN FRANCISCO SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS: $96,000 · AnimalsTHE SAN FRA…SAN FRANCISCO ZOOLOGICAL SOCIETY: $12,000 · AnimalsSAN FRANCIS…SACRAMENTO ZOOLOGICAL SOCIETY: $12,000 · AnimalsSACRAMENTO …FAMILY HOUSE INC: $34,050 · HealthHomeless Prenatal Program Inc: $28,500 · HealthAmbulatory Surgery Access Coalition: $6,500 · HealthCommunity Forward SF Inc: $2,750 · Health+2 more: $3,500 · HealthUNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION: $37,000 · EducationWOMEN'S EMPOWERMENT: $6,000 · EducationSan Francisco Education Fund: $4,500 · Education+3 more: $2,750 · EducationSan Francisco CASA: $22,250 · Civil RightsUNITED WAY OF THE BAY AREA: $6,500 · PhilanthropyUNITED WAY CALIFORNIA CAPITAL REGION: $1,500 · PhilanthropyEARN INC: $750 · PhilanthropyTIPPING POINT COMMUNITY: $750 · Philanthropy
Other$717,700Human Services$212,150Animals$120,000Health$75,300Education$50,250Civil Rights$22,250Philanthropy$9,500

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 budgetTHE SAN FRANCISCO SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS: $96,000 over 8y, 0.1% of budgetSACRAMENTO CHILDREN'S HOME: $85,500 over 9y, 0.1% of budgetSAN FRANCISCO FOOD BANK: $62,850 over 9y, 0.0% of budgetRAPHAEL HOUSE OF SAN FRANCISCO INC: $59,750 over 9y, 0.5% of budgetSACRAMENTO FOOD BANK & FAMILY SERVICES: $59,300 over 9y, 0.0% of budgetUNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION: $37,000 over 9y, 0.0% of budgetFAMILY HOUSE INC: $34,050 over 9y, 0.1% of budgetSAINT JOHN'S PROGRAM FOR REAL CHANGE: $30,300 over 8y, 0.1% of budgetWEAVE INC: $28,700 over 9y, 0.1% of budgetHomeless Prenatal Program Inc: $28,500 over 9y, 0.0% of budgetSan Francisco CASA: $22,250 over 9y, 0.2% of budgetMEALS ON WHEELS OF SAN FRANCISCO INC: $21,750 over 8y, 0.0% of budgetMAKE-A-WISH FOUNDATION OF GREATER BAY AREA: $20,350 over 9y, 0.1% of budgetSAN FRANCISCO ZOOLOGICAL SOCIETY: $12,000 over 6y, 0.0% of budgetSACRAMENTO ZOOLOGICAL SOCIETY: $12,000 over 9y, 0.1% of budgetChildrens Receiving Home of Sacramento: $11,250 over 9y, 0.0% of budgetCALIFORNIA EMERGENCY FOODLINK: $8,250 over 8y, 0.0% of budgetRIVER CITY FOOD BANK: $7,250 over 7y, 0.0% of budgetDELANCEY STREET CALIFORNIA: $6,750 over 7y, 0.0% of budgetAmbulatory Surgery Access Coalition: $6,500 over 7y, 0.1% of budgetUNITED WAY OF THE BAY AREA: $6,500 over 9y, 0.0% of budgetWOMEN'S EMPOWERMENT: $6,000 over 7y, 0.1% of budgetNEW DOOR VENTURES FKA GOLDEN GATE COMMUNITY INC: $5,500 over 5y, 0.0% of budgetSan Francisco Education Fund: $4,500 over 6y, 0.1% of budgetOMNI YOUTH PROGRAMS: $3,800 over 4y, 0.3% of budgetLIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED: $3,750 over 4y, 0.0% of budgetLarkin Street Youth Services: $3,750 over 5y, 0.0% of budgetWORLD CENTRAL KITCHEN INC: $3,500 over 3y, 0.0% of budgetCommunity Forward SF Inc: $2,750 over 6y, 0.0% of budgetSAMARITAN HOUSE: $2,500 over 4y, 0.0% of budgetSTANFORD SETTLEMENT INC: $2,250 over 4y, 0.1% of budgetFairytale Town Inc: $2,150 over 6y, 0.0% of budgetONE WARM COAT: $2,000 over 2y, 0.0% of budgetFEED THE CHILDREN INC: $2,000 over 2y, 0.0% of budgetASSISTANCE LEAGUE OF SACRAMENTO: $2,000 over 3y, 0.2% of budgetGLAUCOMA RESEARCH FOUNDATION: $2,000 over 2y, 0.0% of budgetTROOPATHON: $2,000 over 3y, 0.0% of budgetSACRAMENTO AREA YOUTH GOLF: $1,525 over 4y, 0.1% of budgetPlanned Parenthood Shasta-Diablo Inc: $1,500 over 1y, 0.0% of budget826 Valencia: $1,500 over 5y, 0.0% of budgetUNITED WAY CALIFORNIA CAPITAL REGION: $1,500 over 4y, 0.0% of budgetWELLSPRING WOMEN'S CENTER: $1,250 over 3y, 0.0% of budgetHAMILTON FAMILIES: $1,050 over 3y, 0.0% of budgetCROCKER ART MUSEUM FOUNDATION: $1,000 over 1y, 0.0% of budgetCALIFORNIA FIRE FOUNDATION: $1,000 over 3y, 0.0% of budgetMy Sisters House: $1,000 over 3y, 0.0% of budgetCharity Navigator: $1,000 over 5y, 0.0% of budgetFIREFIGHTERS BURN INSTITUTE: $750 over 3y, 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 THE SAN FRANCISCO SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS ↗
  • Who funds SACRAMENTO CHILDREN'S HOME ↗
  • Who funds SAN FRANCISCO FOOD BANK ↗
  • Who funds RAPHAEL HOUSE OF SAN FRANCISCO INC ↗
  • Who funds SACRAMENTO FOOD BANK & FAMILY SERVICES ↗
  • Who funds UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION ↗
  • Who funds FAMILY HOUSE INC ↗
  • Who funds SAINT JOHN'S PROGRAM FOR REAL CHANGE ↗
  • Who funds WEAVE INC ↗
  • Who funds Homeless Prenatal Program Inc ↗
  • Who funds San Francisco CASA ↗
  • Who funds MEALS ON WHEELS OF SAN FRANCISCO INC ↗
  • Who funds MAKE-A-WISH FOUNDATION OF GREATER BAY AREA ↗
  • Who funds SAN FRANCISCO ZOOLOGICAL SOCIETY ↗
  • Who funds SACRAMENTO ZOOLOGICAL SOCIETY ↗
  • Who funds Childrens Receiving Home of Sacramento ↗
  • Who funds CALIFORNIA EMERGENCY FOODLINK ↗
  • Who funds RIVER CITY FOOD BANK ↗
  • Who funds DELANCEY STREET CALIFORNIA ↗
  • Who funds Ambulatory Surgery Access Coalition ↗
  • Who funds UNITED WAY OF THE BAY AREA ↗
  • Who funds WOMEN'S EMPOWERMENT ↗

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.

Sacramento Region Com…Sierra Health Foundat…Teichert FoundationPfund Family Foundati…United Way California…Kelly FoundationThe California Endowm…McNabb FoundationCalifornia Foundation…Deacon Charitable Fou…Kaiser Foundation Hos…Dignity Health
Sacramento Region Community FoundationCA41× affinity18 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Sacramento Region Community Foundation · Sierra Health Foundation · Teichert Foundation · Pfund Family Foundation · United Way California Capital Region · Kelly Foundation · The California Endowment · McNabb Foundation · California Foundation for Stronger Communities · Deacon Charitable Foundation · Kaiser Foundation Hospitals · Dignity Health

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 Ed and Betty Manoyan Foundation funds: left to right is the share of its income from government, bottom to top the share from Ed and Betty Manoyan Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%0%1%3%5%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →median 1%
  • Feed the Children Inc: 1% of income from government
no gov moneyreceives it· size = income
1get no government money at all
25report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–75%
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 104 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 Ed and Betty Manoyan’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