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Effective Ventures Foundation USA Inc at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

Effective Ventures Foundation USA Inc

Effective alturism is a growing social movement founded in the desire to make the world as good a place as it can be, the use of evidence and reason to find out how to do so, and the audacity to actually try.

$17M
Granted FY2025still arriving
48
Grants FY2025still arriving
16
States reached
$2.7M
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.

International$17MAnimals$11MPhilanthropy$9.4MScience & Tech$5.5MEnvironment$4.9MHuman Services$4.8MYouth Development$4.2MCommunity Improvement$3.3MOther$0
02FY2025 · 48 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 48 grants below total $9,139,886, the rows itemized in this filing. The $17,307,788 headline is the total grant expense on the return; the other $8,167,902 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • Under $10k6 grants · $42k
  • $10k–50k12 grants · $295k
  • $50k–250k21 grants · $2.5M
  • $250k+9 grants · $6.3M
$96,000
Median grant
16
States reached
$23M
Total assets
Largest grants
RecipientAmount
GIVING WHAT WE CAN USA INC$2,661,731
THE CLEAR FUND DBA GIVEWILL$733,080
PLAYERS PHILANTHROPY FUND$708,463
WILD ANIMAL INITIATIVE$531,280
RETHINK PRIORITIES$502,950
EFFECTIVE ALTRUISM DC$328,083
THE GOOD FOOD INSTITUTE$324,068
INTERNATIONAL COUNCIL FOR ANIMAL WELFARE$291,000
THE HUMANE LEAGUE US$267,427
PROJECT INNERSPACE$200,000
RESOLVE TO SAVE LIVES$196,889
FAR AI INC$196,240
EFFECTIVE ALTRUISM NYC INC$153,536
ANIMAL CHARITY EVALUATORS$148,019
HUMANE AMERICA ANIMAL FOUNDATION$137,000
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, $8.0M) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 98% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%EFFECTIVE ALTRUISM DC: $351k → 14%Compassion in World Farming: $100k → 14%CHARITY NAVIGATOR: $50k → 7%Rethink Priorities: $1.8M → 10%Compassion in World Farming USA: $40k → 14%RETHINK PRIORITIES: $1.2M → 10%Legal Priorities Inc: $135k → 8%RETHINK PRIORITIES: $836k → 10%RETHINK PRIORITIES: $503k → 10%EFFECTIVE ALTRUISM DC: $8k → 14%Rethink Priorities: $324k → 10%EFFECTIVE ALTRUISM DC: $328k → 14%RETHINK PRIORITIES: $107k → 10%RETHINK PRIORITIES: $85k → 10%RETHINK PRIORITIES: $64k → 10%RETHINK PRIORITIES: $51k → 10%RETHINK PRIORITIES: $30k → 10%EFFECTIVE ALTRUISM CONSULTING NETWORK: $15k → 11%GIVEDIRECTLY: $182k → 17%GiveDirectly: $117k → 17%Givedirectly: $50k → 17%CENTER FOR GLOBAL DEVELOPMENT: $1.2M → 14%GiveDirectly: $22k → 17%US RIGHT TO KNOW (USRTK): $200k → 10%US RIGHT TO KNOW: $50k → 10%COMPASSION IN WORLD FARMING: $50k → 17%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

AK
VT
NH
WA
MN
IL
WI
NY
MA
OR
OH
PA
NJ
CT
RI
CA
UT
CO
MO
VA
MD
DE
AZ
NC
DC
GA
TX
FL

Grants abroad, by region: $7.3M on the FY2025 return

Schedule F, as filed: 7 regions, $6.4M to organizations and $847k to individuals. The IRS asks for region and purpose, not the recipient, so no country or grantee can be named here.

Europe (including Iceland and Greenland)$5.0M · 69% · 16 grants · 19 people

Stated purpose: PUBLIC POLICY EDUCATION · AI SAFETY RESEARCH AND EDUCATION · CONFERENCE ON EFFECTIVE ALTRUISM

Sub-Saharan Africa$754k · 10% · 4 grants · 13 people

Stated purpose: EFFECTIVE ALTRUISM COMMUNITY BUILDING · IMPROVING ANIMAL WELFARE · IMPROVING THE WELFARE OF CAGED ANIMALS

East Asia and the Pacific$674k · 9% · 4 grants · 13 people

Stated purpose: EFFECTIVE ALTRUISM COMMUNITY BUILDING · IMPROVING ANIMAL WELFARE · IMPROVING THE WELFARE OF CAGED ANIMALS

South America$268k · 4% · 2 grants · 6 people

Stated purpose: IMPROVING ANIMAL WELFARE · IMPROVING THE WELFARE OF CAGED ANIMALS · SUPPORT FOR RESEARCH PROJECTS AND OTHER CHARITABLE PROJECTS

North America (Canada and Mexico)$257k · 4% · 2 grants · 9 people

Stated purpose: EDUCATION ABOUT AI SAFETY · IMPROVING GLOBAL HEALTH AND WELLBEING · SUPPORT FOR RESEARCH PROJECTS AND OTHER CHARITABLE PROJECTS

Middle East and North Africa$220k · 3% · 1 grant

Stated purpose: EFFECTIVE ALTRUISM COMMUNITY BUILDING

South Asia$112k · 2% · 2 grants · 5 people

Stated purpose: IMPROVING THE WELFARE OF CAGED ANIMALS · RESEARCH ON IMPROVING ANIMAL WELFARE · SUPPORT FOR RESEARCH PROJECTS AND OTHER CHARITABLE PROJECTS

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. Grants abroad on Schedule F are filed by region, purpose and amount with no recipient name, so they are shown by region and cannot be placed on the country map or matched to a grantee.
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 11% of Effective Ventures Foundation USA Inc’s grant dollars are earmarked for a different county than the recipient’s own address.

Effective Ventures Foundation USA Inclessmore of its giving
Placed by recipient address · 2.1% directed abroad (not shown)
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.

69%of every dollar goes to organizations it has funded before.
$42M · 67 repeat orgs$19M to everyone else

Grantees it renews have grown median revenue +42% since the first grant, against 0% for those funded once.

67 repeat relationships: 30 still active in FY2025, 37 since wound down; 17 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

67
83

Total granted

$42M
$15M

Median revenue growth · since first grant

+42%
0%

Still filing today

94%
70%

New vs renewed · share of each year

In FY2025, 49% of grant dollars renewed an existing relationship; $4.3M 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
AnimalsInternationalEducationPhilanthropyHuman ServicesHealthOther
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

  • RP
    Rethink Priorities
    6× · 2020–2025 · $5.1M · revenue +851% · 32% of their budget
  • AC
    ANIMAL CHARITY EVALUATORS
    8× · 2017–2025 · $2.7M · revenue +164%
  • WA
    WILD ANIMAL INITIATIVE INC
    7× · 2018–2025 · $2.2M · revenue ×29 · 39% of their budget

Funded once

  • AF
    Atlas Fellowship Inc
    one grant, 2023 · $3.0M · revenue -87% · 61% of their budget
  • BI
    BLACKSMITH INSTITUTE INCgraduated
    one grant, 2022 · $1.7M · revenue +92%
  • CF
    CENTER FOR GLOBAL DEVELOPMENTgraduated
    one grant, 2022 · $1.2M · revenue +28%
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
E3G Third Generation Environmentalism

E3g is a leading international not-for-profit think tank specialising in climate diplomacy harnessing expertise in the politics and economics of climate change.

Environment
2
Legal Advocates for Safe Science and Technology Inc

Using legal advocacy to make advances in science and technology safer for people and the planet.

Science & Tech
3
Animal Outlook Inc

Animal outlook is a national animal protection organization working to end the abuse of farmed animals using a variety of strategies, including investigations, legal advocacy, corporate and food system reform, and vegan outreach.

Animals
4
Open Markets Institute

The open markets institute works to help people relearn how to use competition policy to build stronger democracies, more just and equitable societies, more innovative and sustainable economies, and a more secure and peaceful world.

Education
5
Activate Global Inc

Activate empowers scientists to reinvent the world by bringing their research to market. activate partners with u.s. based funders, research institutions, and other pillars of the hard technology community to help entrepreneurial…

Environment
6
World Resources Institute

Wri is committed to creating change that improves people's lives and ensures the natural world can thrive. (see schedule o)wri's bold vision requires a formula for success we call "count it. change it. scale it.":- count it: our work is…

International
7
International Aids Vaccine Initiative Inc

A nonprofit scientific research organization that develops vaccines and antibodies for hiv, tuberculosis, and emerging infectious diseases.

International
8
American Association for the Advancement of Science

Advance science, engineering, and innovation throughout the world for the benefit of all. the world's largest multidisciplinary scientific society and a leading publisher of cutting-edge research through its science family of journals,…

Science & Tech
9
CarbonPlan

Improving the transparency and scientific integrity of climate solutions through open data and tools.

Environment
10
Partnership On Ai to Benefit People and Society

Bringing diverse voices together across global sectors, disciplines, and demographics so developments in ai advance positive outcomes for people and society.

Science & Tech
11
Safe Artificial Intelligence Forum Institute

To drive global coordination that minimizes extreme AI risks and ensures the benefits of AI are shared by all. SAIF fosters responsible governance to reduce catastrophic risks through shared understanding and collaboration among key global…

—
12
Environmental Investigation Agency

To establish and promote programs to protect the global climate, forests, wildlife and the natural environment, through research, advocacy, and investigation.

International
How this is measured
The grantee most central to the portfolio’s shape is Evidence Action; the most unlike its peers is Forgotten Animals Foundation. 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

144 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. 144 of the 176 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.

23
Load-bearing (≥25% of a budget)
40
Early backer (in before they grew)
143/144
Grantees still filing
82/144
Grew since first funded

Where the money sits, by cause and then by grantee

PLAYERS PHILANTHROPY FUND INC: $3,205,871 · PhilanthropyPLAYERS PHILANTHROPY F…GIVING WHAT WE CAN USA INC: $2,661,731 · PhilanthropyGIVING WHAT WE CAN USA…FOUNDERS PLEDGE INC: $2,465,639 · PhilanthropyFOUNDERS PLEDGE INCTHE CLEAR FUND: $2,126,088 · PhilanthropyTHE CLEAR FUNDASHGRO INC: $918,507 · PhilanthropyASHGRO INCGDI-SOLUTIONS INC: $855,000 · PhilanthropyGDI-SOLUTIONS INC+7 more: $1,096,297 · Philanthropy+7 moreANIMAL CHARITY EVALUATORS: $2,695,932 · AnimalsANIMAL CHARITY …WILD ANIMAL INITIATIVE INC: $2,208,654 · AnimalsWILD ANIMAL INI…THE HUMANE LEAGUE: $1,099,110 · AnimalsTHE HUMANE LEAG…AQUATIC LIFE INSTITUTE INC: $800,000 · AnimalsAQUATIC LIFE IN…SENTIENCE INSTITUTE INC: $479,995 · AnimalsLEGAL IMPACT FOR CHICKENS: $321,999 · Animals+19 more: $1,963,544 · Animals+19 moreRethink Priorities: $5,083,792 · Human ServicesRethink Priori…GIVEDIRECTLY INC: $1,326,617 · Human ServicesGIVEDIRECTLY I…CENTER FOR GLOBAL DEVELOPMENT: $1,200,000 · Human ServicesCENTER FOR GLO…Effective Altruism DC: $686,159 · Human ServicesEffective Altr…+4 more: $624,884 · Human Services+4 moreHELEN KELLER INTERNATIONAL: $2,668,952 · InternationalHELEN KELLER I…BLACKSMITH INSTITUTE INC: $1,670,000 · InternationalBLACKSMITH INS…ID INSIGHT INC: $906,899 · InternationalID INSIGHT INCPATH: $838,000 · InternationalPATHNEW INCENTIVES: $765,446 · InternationalNEW INCENTIVESEVIDENCE ACTION: $763,058 · InternationalEVIDENCE ACTIO…+14 more: $1,194,980 · International+14 moreAMF INTERNATIONAL INC: $1,054,591 · OtherRUTGERS THE STATE UNIVERSITY: $932,611 · OtherMassachusetts Institute of Technology: $1,031,030 · OtherAtlas Fellowship Inc: $3,000,000 · OtherAtlas Fellowship IncINNOVATIONS FOR POVERTY ACTION A NONPROFIT CORPORATION: $1,212,000 · OtherINNOVATIONS FOR POVERTY ACTION A NO…CLEAN AIR TASK FORCE INC: $861,592 · OtherTHE GOOD FOOD INSTITUTE INC: $1,094,908 · OtherTHE COUNCIL ON STRATEGIC RISKS: $1,615,000 · OtherTHE COUNCIL ON STRATEGIC RISKS+86 more: $10,677,879 · Other+86 moreThe Against Malaria Foundation: $1,594,244 · HealthMALARIA CONSORTIUM US INC: $844,519 · HealthCENTER FOR APPLIED RATIONALITY: $225,000 · HealthMIND FIRST FOUNDATION: $200,000 · HealthRESOLVE TO SAVE LIVES INC: $196,889 · Health+3 more: $193,152 · HealthALIGNMENT RESEARCH CENTER: $1,654,543 · Science & TechMACHINE INTELLIGENCE RESEARCH INSTITUTE INC: $908,062 · Science & TechFAR AI INC: $236,240 · Science & Tech+5 more: $368,000 · Science & Tech
Philanthropy$13,329,133Animals$9,569,234Human Services$8,921,452International$8,807,335Other$21,479,611Health$3,253,804Science & Tech$3,166,845

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 budgetRethink Priorities: $5,083,792 over 6y, 32% of budgetPLAYERS PHILANTHROPY FUND INC: $3,205,871 over 7y, 3.2% of budgetAtlas Fellowship Inc: $3,000,000 over 1y, 61% of budgetANIMAL CHARITY EVALUATORS: $2,695,932 over 8y, 19% of budgetHELEN KELLER INTERNATIONAL: $2,668,952 over 4y, 1.1% of budgetFOUNDERS PLEDGE INC: $2,465,639 over 7y, 46% of budgetWILD ANIMAL INITIATIVE INC: $2,208,654 over 7y, 39% of budgetTHE CLEAR FUND: $2,126,088 over 3y, 0.5% of budgetBLACKSMITH INSTITUTE INC: $1,670,000 over 1y, 17% of budgetALIGNMENT RESEARCH CENTER: $1,654,543 over 2y, 15% of budgetTHE COUNCIL ON STRATEGIC RISKS: $1,615,000 over 2y, 32% of budgetThe Against Malaria Foundation: $1,594,244 over 4y, 1.2% of budgetGIVEDIRECTLY INC: $1,326,617 over 7y, 0.4% of budgetINNOVATIONS FOR POVERTY ACTION A NONPROFIT CORPORATION: $1,212,000 over 2y, 3.1% of budgetCENTER FOR GLOBAL DEVELOPMENT: $1,200,000 over 1y, 5.5% of budgetTHE HUMANE LEAGUE: $1,099,110 over 6y, 1.8% of budgetTHE GOOD FOOD INSTITUTE INC: $1,094,908 over 6y, 2.1% of budgetAMF INTERNATIONAL INC: $1,054,591 over 4y, 33% of budgetMassachusetts Institute of Technology: $1,031,030 over 2y, 0.0% of budgetASHGRO INC: $918,507 over 3y, 16% of budgetMACHINE INTELLIGENCE RESEARCH INSTITUTE INC: $908,062 over 6y, 9.3% of budgetID INSIGHT INC: $906,899 over 5y, 3.3% of budgetCLEAN AIR TASK FORCE INC: $861,592 over 4y, 0.9% of budgetMALARIA CONSORTIUM US INC: $844,519 over 2y, 20% of budgetPATH: $838,000 over 1y, 0.2% of budgetAQUATIC LIFE INSTITUTE INC: $800,000 over 4y, 51% of budgetNEW INCENTIVES: $765,446 over 4y, 2.5% of budgetEVIDENCE ACTION: $763,058 over 7y, 0.7% of budgetEffective Altruism DC: $686,159 over 3y, 3.6% of budgetBERKELEY EXISTENTIAL RISK INITIATIVE: $673,892 over 7y, 5.9% of budgetONE FOR THE WORLD INC: $441,783 over 3y, 4.4% of budgetRETHINK CHARITY: $433,099 over 4y, 65% of budgetGENERATION PLEDGE INC: $390,000 over 2y, 51% of budgetNew York University: $373,294 over 4y, 0.0% of budgetGOOD ENERGY COLLECTIVE INC: $367,997 over 3y, 20% of budgetSOCIAL AND ENVIRONMENTAL ENTREPRENEURS (SEE) INC: $360,887 over 3y, 1.2% of budgetLEGAL IMPACT FOR CHICKENS: $321,999 over 4y, 16% of budgetImpact Labs Foundation Inc: $300,000 over 1y, 74% of budgetMercatus Center Inc: $283,868 over 2y, 0.4% of budgetSENTIENT MEDIA: $277,000 over 3y, 9.8% of budgetHIGH IMPACT ATHLETES INC: $275,849 over 3y, 63% of budgetGLOBAL FOOD PARTNERS INC: $260,000 over 3y, 9.2% of budgetBROWN UNIVERSITY: $259,600 over 2y, 0.0% of budgetUS RIGHT TO KNOW: $250,000 over 2y, 26% of budgetFAR AI INC: $236,240 over 2y, 0.2% of budgetPresident and Fellows of Harvard College: $231,266 over 4y, 0.0% of budgetCENTER FOR APPLIED RATIONALITY: $225,000 over 4y, 11% of budgetThe George Washington University: $224,250 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.

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.

Good Ventures Foundat…Founders Pledge IncAnimal Charity Evalua…Every OrgHumane America Animal…The Quinn FoundationSilicon Valley Commun…Tipping Point Private…The Greenbaum Foundat…Rethink CharityRsf Social Finance IncKh Dominion Foundatio…
Good Ventures FoundationCA88.2× affinity41 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Good Ventures Foundation · Founders Pledge Inc · Animal Charity Evaluators · Every Org · Humane America Animal Foundation · The Quinn Foundation · Silicon Valley Community Foundation · Tipping Point Private Foundation · The Greenbaum Foundation · Rethink Charity · Rsf Social Finance Inc · Kh Dominion Foundation 5507-21-40

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

2024
’20’21’22’23’24’25
no gov · 220%6%25%56%100%funder's share of their income ↑0%23%45%68%90%share of the org’s income from government →median 12%
  • Massachusetts Institute of Technology: 35% of income from government
  • Project Innerspace Inc: 34% of income from government
  • Johns Hopkins University: 12% of income from government
  • President and Fellows of Harvard College: 7% of income from government
  • University of Miami: 5% of income from government
  • Oregon State University Foundation: 0% of income from government
no gov moneyreceives it· size = income
22get no government money at all
12report 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.

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 176 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 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 Effective Ventures Foundation USA’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