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Ethel Frends Charitable Foundation at a glance

· Private foundation

Ethel Frends Charitable Foundation

Its FY2026 filing reports that it accepted unsolicited grant applications.

$164k
Granted FY2026still arriving
33
Grants FY2026still arriving
5
States reached
$10k
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 2026.

Animals$1.3MPublic Safety & Disaster$129kHealth$26kHousing & Shelter$20kHuman Services$19kPublic Benefit$8kEducation$5kPhilanthropy$3k
02FY2026 · 33 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2026

  • Under $10k30 grants · $134k
  • $10k–50k3 grants · $30k
$5,000
Median grant
5
States reached
$4.0M
Total assets
Largest grants
RecipientAmount
NATIONAL DISASTER SEARCH DOG FOUNDATION$10,000
GUIDE DOGS OF AMERICA$10,000
OPERATION BLANKETS OF LOVE$10,000
HELEN WOODWARD ANIMAL CENTER$7,500
CANINE COMPANIONS FOR INDEPENDENCE$7,500
PASADENA HUMANE SOCIETY$7,500
SAN DIEGO HUMANE SOCIETY & SPCA$7,500
VOLUNTEERS OF BURBANK ANIMAL SHELTER$6,000
SPAY NEUTER IMPERATIVE PROJECT$5,000
CARE 4 PAWS INC$5,000
SHADOW'S FUND INC$5,000
RIVERSIDE HUMANE SOCIETY$5,000
HUMANE WORLD FOR ANIMALS fka HUMANE$5,000
WOODS HUMANE SOCIETY$5,000
RANCHO COASTAL HUMANE SOCIETY$5,000
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, $237k) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 78% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%GUIDE DOGS FOR THE BLIND INC: $3k → 8%LITTLE ANGELS SERVICE DOGS: $5k → 11%GUIDE DOGS FOR THE BLIND INC: $3k → 8%LITTLE ANGELS SERVICE DOGS: $5k → 11%GUIDE DOGS FOR THE BLIND INC: $3k → 8%CANINE COMPANIONS FOR INDEPENDENCE: $8k → 9%LITTLE ANGELS SERVICE DOGS: $3k → 11%CANINE COMPANIONS FOR INDEPENDENCE: $8k → 9%LITTLE ANGELS SERVICE DOGS: $3k → 11%CANINE COMPANIONS FOR INDEPENDENCE: $8k → 9%CANINE COMPANIONS FOR INDEPENDENCE: $8k → 9%CANINE COMPANIONS: $5k → 9%CANINE COMPANIONS: $5k → 9%CANINE COMPANIONS: $3k → 9%CANINE COMPANIONS: $3k → 9%THE PEOPLE CONCERN: $5k → 14%THE PEOPLE CONCERN: $4k → 14%CANINE SUPPORT TEAMS INC: $5k → 11%CANINE SUPPORT TEAMS INC: $4k → 11%THE PEOPLE CONCERN: $3k → 14%CANINE SUPPORT TEAMS INC: $4k → 11%GUIDE DOGS OF AMERICA: $10k → 14%GUIDE DOGS OF AMERICA: $10k → 14%GUIDE DOGS OF AMERICA: $10k → 14%GUIDE DOGS OF AMERICA: $10k → 14%GUIDE DOGS OF AMERICA: $10k → 14%GUIDE DOGS OF AMERICA: $10k → 14%GUIDE DOGS OF AMERICA: $5k → 14%GUIDE DOGS OF AMERICA: $5k → 14%GUIDE DOGS OF AMERICA: $5k → 14%GUIDE DOGS OF AMERICA: $5k → 14%LOVE ON 4 PAWS INC: $5k → 14%LOVE ON 4 PAWS INC: $5k → 14%LOVE ON 4 PAWS INC: $3k → 14%LOVE ON 4 PAWS INC: $3k → 14%LOVE ON 4 PAWS INC: $3k → 14%LOVE ON 4 PAWS INC: $3k → 14%LOVE ON 4 PAWS INC: $3k → 14%LOVE ON 4 PAWS INC: $3k → 14%OCEAN PARK COMMUNITY CENTER: $4k → 14%OCEAN PARK COMMUNITY CENTER: $4k → 14%OCEAN PARK COMMUNITY CENTER: $3k → 14%LOS ANGELES POLICE FOUNDATION: $4k → 14%LOS ANGELES POLICE FOUNDATION: $4k → 14%LOS ANGELES POLICE FOUNDATION: $4k → 14%LOS ANGELES POLICE FOUNDATION: $4k → 14%LOS ANGELES POLICE FOUNDATION: $3k → 14%LOS ANGELES POLICE FOUNDATION: $3k → 14%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

WA
NY
MA
NV
CA
UT
CO
NM
DC
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.

95%of every dollar goes to organizations it has funded before.
$1.4M · 56 repeat orgs$79k to everyone else

Grantees it renews have grown median revenue +31% since the first grant, against +14% for those funded once.

56 repeat relationships: 28 still active in FY2026, 28 since wound down; 5 grantees were first funded in FY2026 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

56
21

Total granted

$1.4M
$64k

Median revenue growth · since first grant

+31%
+14%

Still filing today

77%
71%

New vs renewed · share of each year

In FY2026, 91% of grant dollars renewed an existing relationship; $16k 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
AnimalsHuman ServicesHealthEducationPublic BenefitScience & TechOther
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

  • SD
    SAN DIEGO HUMANE SOCIETY AND SPCA
    10× · 2017–2026 · $95k · revenue +134%
  • IG
    International Guiding Eyes Inc DBA Guide Dogs of America
    10× · 2017–2026 · $80k · revenue +17%
  • HW
    HELEN WOODWARD ANIMAL CENTER
    9× · 2017–2026 · $53k · revenue +84%

Funded once

  • RE
    RESCUE EXPRESS
    one grant, 2019 · $5k
  • MA
    MGM ANIMAL FOUNDATIONgraduated
    one grant, 2020 · $4k · revenue +641%
  • CL
    CALIFORNIA LABS & MORE DOG RESCUE
    one grant, 2023 · $4k
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
Amazing Dogs

Our mission is to save dogs in distressing conditions on both sides of the California/Mexican border. We provide them with essential medical treatment and care to help them regain their health, and ultimately match them with loving homes…

Animals
2
The Adoptable Dog
Animals
3
Leave No Paws Behind Inc

Conduct animal rescues, rehabilitation and rehome senior animals abandoned to the shelter's system.

Animals
4
California Animal Rescue and Education Sanctuary Inc

C.A.R.E.S.MISSION STATEMENT*Rescue, foster and find good homes for abandoned and homeless domestic and farm animals.*Spay/neuter abandoned and homeless cats and dogs, as well as help low income families with same.*Conduct TNR+ programs to…

—
5
Raskels Rescue
Animals
6
Pets Without Partners

Find homes for homeless/abandoned dogs. Provide full vet car and housing while awaiting adoption,

Animals
7
St Clouds Rescue
Animals
8
North Bay Animal Services
Animals
9
Paws and Claws Animal Shelter
Animals
10
Global Animal Partnership
Animals
11
Canine Estates Inc
Animals
12
High Sierra Animal Rescue Inc

High Sierra Animal Rescues mission is to save the lives of homeless dogs in the regions served. Our staff and volunteers are dedicated to making our communities better through successful adoptions advancing their welfare and creating human…

Animals
How this is measured
The grantee most central to the portfolio’s shape is Feeding Pets of the Homeless Aka Pets of the Homeless; the most unlike its peers is Bailing Out Bentley. 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

62 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. 62 of the 83 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)
19
Early backer (in before they grew)
61/62
Grantees still filing
44/62
Grew since first funded

Where the money sits, by cause and then by grantee

SAN DIEGO HUMANE SOCIETY AND SPCA: $95,000 · AnimalsSAN DIEGO HUMANE SOCIETY AND SPCAHELEN WOODWARD ANIMAL CENTER: $53,000 · AnimalsHELEN WOODWARD ANIMAL CENTERTHE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS: $46,000 · AnimalsTHE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANI…Humane World for Animals Inc: $44,000 · AnimalsHumane World for Animals IncWOODS HUMANE SOCIETY INC: $43,000 · AnimalsWOODS HUMANE SOCIETY INCCARE4Paws Inc: $41,000 · AnimalsCARE4Paws IncPASADENA HUMANE: $40,500 · AnimalsPASADENA HUMANESHADOWS FUND INCORPORATED: $40,000 · AnimalsKen-Mar Rescue: $36,000 · AnimalsSPAY-NEUTER ACTION PROJECT: $35,000 · AnimalsCOMMUNITY ANIMAL MEDICINE PROJECT INC: $31,000 · AnimalsCOMPANION ANIMAL PROTECTION SOCIETY: $30,000 · Animals+29 more: $222,500 · Animals+29 moreGUIDE DOGS OF THE DESERT: $39,500 · OtherGUIDE DOGS OF THE DESER…VOLUNTEERS OF THE BURBANK ANIMAL SHELTER: $36,000 · OtherVOLUNTEERS OF THE BURBA…SPAY NEUTER IMPERATIVE PROJECT: $24,500 · OtherSPAY NEUTER IMPERATIVE …VOICE FOR THE ANIMALS FOUNDATION: $24,500 · OtherVOICE FOR THE ANIMALS F…LABRADORS AND FRIENDS DOG: $24,000 · OtherLABRADORS AND FRIENDS D…RIVERSIDE HUMANE SOCIETY: $23,000 · OtherRIVERSIDE HUMANE SOCIET…FOUNDATION FOR ANIMAL CARE &: $20,000 · OtherFOUNDATION FOR ANIMAL C…MARY S ROBERTS PET ADOPTION: $16,500 · OtherSANTA MARIA VALLEY HUMANE SOCIETY: $16,000 · OtherPAWS - LOS ANGELES: $15,000 · Other+16 more: $70,500 · Other+16 moreInternational Guiding Eyes Inc DBA Guide Dogs of America: $80,000 · Human ServicesInternational Guid…CANINE COMPANIONS FOR INDEPENDENCE INC: $45,000 · Human ServicesCANINE COMPANIONS …LOS ANGELES POLICE FOUNDATION: $29,000 · Human ServicesLOS ANGELES POLICE…Love On 4 Paws Inc: $25,000 · Human ServicesLove On 4 Paws IncTHE PEOPLE CONCERN: $23,000 · Human ServicesTHE PEOPLE CONCERNLITTLE ANGELS SERVICE DOGS: $15,000 · Human ServicesLITTLE ANGELS SERV…CANINE SUPPORT TEAMS INC: $14,500 · Human ServicesCANINE SUPPORT TEA…+1 more: $7,500 · Human ServicesNATIONAL DISASTER SEARCH DOG FOUNDATION: $100,000 · HealthNATIONAL …Children's Hospital Los Angeles: $20,500 · HealthChildren'…+1 more: $2,500 · HealthOperation Blankets Of Love: $46,851 · EducationLOMA LINDA UNIVERSITY: $5,000 · EducationPAWS FOR PURPLE HEARTS: $7,500 · Public BenefitGREATER GOOD CHARITIES: $3,000 · PhilanthropyFOUNDATION FOR ANIMAL CARE & EDUCATION: $2,500 · Science & Tech
Animals$757,000Other$309,500Human Services$239,000Health$123,000Education$51,851Public Benefit$7,500Philanthropy$3,000Science & Tech$2,500

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 budgetNATIONAL DISASTER SEARCH DOG FOUNDATION: $100,000 over 10y, 0.2% of budgetSAN DIEGO HUMANE SOCIETY AND SPCA: $95,000 over 10y, 0.0% of budgetInternational Guiding Eyes Inc DBA Guide Dogs of America: $80,000 over 10y, 0.1% of budgetHELEN WOODWARD ANIMAL CENTER: $53,000 over 9y, 0.0% of budgetOperation Blankets Of Love: $46,851 over 8y, 0.6% of budgetTHE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS: $46,000 over 10y, 0.0% of budgetCANINE COMPANIONS FOR INDEPENDENCE INC: $45,000 over 8y, 0.0% of budgetHumane World for Animals Inc: $44,000 over 9y, 0.0% of budgetWOODS HUMANE SOCIETY INC: $43,000 over 10y, 0.1% of budgetCARE4Paws Inc: $41,000 over 10y, 0.5% of budgetPASADENA HUMANE: $40,500 over 7y, 0.1% of budgetSHADOWS FUND INCORPORATED: $40,000 over 9y, 1.1% of budgetGUIDE DOGS OF THE DESERT: $39,500 over 9y, 0.3% of budgetKen-Mar Rescue: $36,000 over 8y, 16% of budgetVOLUNTEERS OF THE BURBANK ANIMAL SHELTER: $36,000 over 9y, 1.7% of budgetSPAY-NEUTER ACTION PROJECT: $35,000 over 8y, 0.7% of budgetCOMMUNITY ANIMAL MEDICINE PROJECT INC: $31,000 over 8y, 0.1% of budgetCOMPANION ANIMAL PROTECTION SOCIETY: $30,000 over 8y, 1.3% of budgetLOS ANGELES POLICE FOUNDATION: $29,000 over 10y, 0.1% of budgetRANCHO COASTAL HUMANE SOCIETY: $25,000 over 8y, 0.1% of budgetLove On 4 Paws Inc: $25,000 over 8y, 8.0% of budgetTHE PEOPLE CONCERN: $23,000 over 6y, 0.0% of budgetSANTA YNEZ VALLEY HUMANE SOCIETY: $22,000 over 5y, 0.9% of budgetChildren's Hospital Los Angeles: $20,500 over 7y, 0.0% of budgetBETTERTOGETHER FOREVER: $16,500 over 6y, 0.4% of budgetSANTA MARIA VALLEY HUMANE SOCIETY: $16,000 over 4y, 0.4% of budgetForte Animal Rescue: $16,000 over 6y, 2.1% of budgetACTORS AND OTHERS FOR ANIMALS: $15,000 over 5y, 0.5% of budgetPROJECT STREET VET: $15,000 over 3y, 0.3% of budgetLITTLE ANGELS SERVICE DOGS: $15,000 over 4y, 0.6% of budgetTHE HUMANE SOCIETY OF POMONA VALLEY INC: $14,500 over 4y, 0.0% of budgetCANINE SUPPORT TEAMS INC: $14,500 over 4y, 0.4% of budgetGLENDALE HUMANE SOCIETY & SPCA: $10,500 over 4y, 1.3% of budgetBASSET HOUND RESCUE OF SOUTHERN CALIFORNIA: $7,500 over 2y, 2.1% of budgetCALIFORNIA PAWS RESCUE: $7,500 over 3y, 0.9% of budgetGUIDE DOGS FOR THE BLIND INC: $7,500 over 3y, 0.0% of budgetPAWS FOR PURPLE HEARTS: $7,500 over 2y, 0.1% of budgetLockwood Animal Rescue Center: $7,000 over 3y, 0.8% of budgetGREYHOUND ADOPTION CENTER: $6,500 over 2y, 0.7% of budgetFEEDING PETS OF THE HOMELESS AKA PETS OF THE HOMELESS: $6,000 over 2y, 0.1% of budgetBEST FRIENDS ANIMAL SOCIETY: $5,500 over 2y, 0.0% of budgetLOMA LINDA UNIVERSITY: $5,000 over 2y, 0.0% of budgetAnimal Samaritans: $4,500 over 2y, 0.0% of budgetMGM ANIMAL FOUNDATION: $4,000 over 1y, 2.9% of budgetThe Street Dog Coalition: $3,500 over 1y, 0.2% of budgetLittle Red Dog Inc: $3,500 over 1y, 0.3% of budgetDOGS TRUST USA INC: $3,500 over 1y, 1.4% of budgetCanine Adoption and Rescue League: $3,500 over 1y, 0.4% 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 NATIONAL DISASTER SEARCH DOG FOUNDATION ↗
  • Who funds SAN DIEGO HUMANE SOCIETY AND SPCA ↗
  • Who funds International Guiding Eyes Inc DBA Guide Dogs of America ↗
  • Who funds HELEN WOODWARD ANIMAL CENTER ↗
  • Who funds Operation Blankets Of Love ↗
  • Who funds THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS ↗
  • Who funds CANINE COMPANIONS FOR INDEPENDENCE INC ↗
  • Who funds Humane World for Animals Inc ↗
  • Who funds WOODS HUMANE SOCIETY INC ↗
  • Who funds CARE4Paws Inc ↗
  • Who funds PASADENA HUMANE ↗
  • Who funds SHADOWS FUND INCORPORATED ↗
  • Who funds GUIDE DOGS OF THE DESERT ↗
  • Who funds Ken-Mar Rescue ↗
  • Who funds VOLUNTEERS OF THE BURBANK ANIMAL SHELTER ↗
  • Who funds SPAY-NEUTER ACTION PROJECT ↗
  • Who funds COMMUNITY ANIMAL MEDICINE PROJECT INC ↗
  • Who funds COMPANION ANIMAL PROTECTION SOCIETY ↗
  • Who funds LOS ANGELES POLICE FOUNDATION ↗
  • Who funds RANCHO COASTAL HUMANE SOCIETY ↗
  • Who funds Love On 4 Paws Inc ↗
  • Who funds THE PEOPLE CONCERN ↗
  • Who funds SANTA YNEZ VALLEY HUMANE SOCIETY ↗
  • Who funds Children's Hospital Los Angeles ↗
  • Who funds BETTERTOGETHER FOREVER ↗
  • Who funds SANTA MARIA VALLEY HUMANE SOCIETY ↗
  • Who funds Forte Animal Rescue ↗
  • Who funds ACTORS AND OTHERS FOR ANIMALS ↗
  • Who funds PROJECT STREET VET ↗
  • Who funds LITTLE ANGELS SERVICE DOGS ↗
  • Who funds THE HUMANE SOCIETY OF POMONA VALLEY INC ↗
  • Who funds CANINE SUPPORT TEAMS INC ↗
  • Who funds GLENDALE HUMANE SOCIETY & SPCA ↗

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.

Thornton S Jr and Kat…Pedigree FoundationThe American Society …Petco LoveThe Duffield Family F…Sempra FoundationMary Jo and Hank Gree…The Winnick Family Fo…Petsmart Charities IncCarol and Kent H Land…The Annenberg Foundat…The Michelson Found A…
Thornton S Jr and Katrina D Glide FoundationCA54.3× affinity24 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Thornton S Jr and Katrina D Glide Foundation · Pedigree Foundation · The American Society for the Prevention of Cruelty to Animals · Petco Love · The Duffield Family Foundation Dba Maddie's Fund · Sempra Foundation · Mary Jo and Hank Greenberg Animal Welfare Foundation · The Winnick Family Foundation Inc · Petsmart Charities Inc · Carol and Kent H Landsberg Foundation · The Annenberg Foundation · The Michelson Found Animals Foundation Inc

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

2024
’20’21’22’23’24’25
no gov · 00%1%5%11%20%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    13report 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 83 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 Ethel Frends’ 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