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First Fed Foundation at a glance

· Private foundation

First Fed Foundation

Its FY2025 filing reports that it accepted unsolicited grant applications.

$643k
Granted FY2025still arriving
40
Grants FY2025still arriving
1
States reached
$50k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
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.

Housing & Shelter$1.3MHuman Services$980kHealth$939kArts & Culture$637kCommunity Improvement$555kFood & Nutrition$404kYouth Development$347kEducation$283kOther$0
02FY2025 · 40 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k15 grants · $95k
  • $10k–50k24 grants · $498k
  • $50k–250k1 grant · $50k
$12,500
Median grant
1
States reached
$3.8M
Total assets

Anchored by a single position: about 97% of reported assets are held in First Northwest Bancorp Stock.

Largest grants
RecipientAmount
PENINSULA COLLEGE$50,000
OLYMPIC PENINSULA YOUNG MEN'S CHRISTIAN ASSN$30,000
OLYMPIC HOUSING TRUST$25,000
CITY OF PORT ANGELES FIRE DEPARTMENT$25,000
CLALLAM COUNTY PUBLIC HOSPITAL DISTRICT #1$25,000
PORT ANGELES FOOD BANK$25,000
LIFEWIRE$25,000
HABITAT FOR HUMANITY OF EAST JEFFERSON COUNTY$25,000
THE SOPHIA WAY$25,000
FERNDALE FOOD BANK$25,000
FORKS COMMUNITY FOOD BANK$25,000
PENINSULA BEHAVIORAL HEALTH$25,000
DOVE HOUSE ADVOCACY SERVICES$25,000
SEQUIM FOOD BANK$25,000
YWCA OF KITSAP COUNTY$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, $829k) land where the poverty rate runs at 10%, against an area that typically sits at 8%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 8%FINANCIAL BEGINNINGS: $5k → 12%HOLLY RIDGE CENTER INC: $50k → 10%FOSTER HEARTS: $5k → 12%CATHOLIC COMMUNITY SERVICES OF WESTERN WASHINGTON: $5k → 9%FOSTER HEARTS: $5k → 12%GROWING VETERANS: $8k → 12%PARKVIEW SERVICES: $50k → 9%PARKVIEW SERVICES: $25k → 9%SOUTH KITSAP HELPLINE: $5k → 10%THE SOPHIA WAY: $25k → 9%SOUTH KITSAP HELPLINE: $5k → 10%WHATCOM FAMILY YMCA: $50k → 12%KITSAP COMMUNITY RESOURCES: $50k → 10%YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF BELLINGHAM DBA YWCA BELLINGHAM: $50k → 12%LIFEWIRE: $25k → 9%SCARLET ROAD: $25k → 10%CONCERNED CITIZENS: $10k → 11%THE COFFEE OASIS: $15k → 10%NORTHWEST YOUTH SERVICES: $25k → 12%SCARLET ROAD: $10k → 10%WHATCOM FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATION: $10k → 12%KITSAP IMMIGRANT ASSISTANCE CENTER: $8k → 10%NORTHWEST YOUTH SERVICES: $10k → 12%NORTH KITSAP FISHLINE: $8k → 10%SCARLET ROAD: $8k → 10%KIDZZ HELPING KIDZZ: $5k → 10%SEQUIM SENIOR SERVICES: $100k → 12%WHATCOM FAMILY YMCA: $8k → 12%SCARLET ROAD: $5k → 10%KITSAP IMMIGRANT ASSISTANCE CENTER: $5k → 10%KIDZZ HELPING KIDZZ: $5k → 10%SKOOKUM KIDS: $5k → 12%OLYMPIC PENINSULA YOUNG MEN'S CHRISTIAN ASSN: $30k → 12%FIRST STEP FAMILY SUPPORT CENTER: $20k → 12%OPPORTUNITY COUNCIL: $5k → 12%WHATCOM FAMILY YMCA: $5k → 12%PEACOCK FAMILY SERVICES: $12k → 10%HELPLINE HOUSE: $10k → 10%BLUE SKIES FOR CHILDREN: $5k → 12%CLALLAM MOSAIC: $12k → 12%BAINBRIDGE ISLAND SENIOR COMMUNITY CENTER: $10k → 10%HELPLINE HOUSE: $10k → 10%BAINBRIDGE ISLAND SPECIAL NEEDS FOUNDATION: $8k → 10%EAST JEFFERSON COUNTY CONFERENCE OF THE SOCIETY OF ST VINCENT DE PAUL: $8k → 11%BANBRIDGE YOUTH SERVICES: $7k → 10%LUTHERAN COMMUNITY SERVICES NORTHWEST: $10k → 12%CASCADE CONNECTIONS: $5k → 12%OLYMPIC PENINSULA YMCA: $25k → 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.
03Its grantees
repeat funding

Who it funds again

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

56%of every dollar goes to organizations it has funded before.
$3.5M · 65 repeat orgs$2.7M to everyone else

Grantees it renews have grown median revenue +74% since the first grant, against +17% for those funded once.

65 repeat relationships: 23 still active in FY2025, 42 since wound down; 17 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

65
128

Total granted

$3.5M
$2.4M

Median revenue growth · since first grant

+74%
+17%

Still filing today

91%
66%

New vs renewed · share of each year

In FY2025, 48% of grant dollars renewed an existing relationship; $333k 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 ServicesHealthHousing & ShelterArts & CultureEnvironmentYouth DevelopmentOther
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

  • TB
    THE BOYS & GIRLS CLUBS OF THE OLYMPIC PENINSULA
    4× · 2018–2023 · $160k · revenue +2%
  • NM
    NORTHWEST MARITIME CENTER
    3× · 2019–2024 · $155k · revenue +128%
  • OM
    OLYMPIC MEDICAL CENTER FOUNDATION
    4× · 2017–2023 · $126k · revenue +52%

Funded once

  • MH
    MERCY HOUSING NORTHWEST
    one grant, 2022 · $100k · revenue +21%
  • SS
    Sequim Senior Services dba Shipley Centergraduated
    one grant, 2019 · $100k · revenue +53%
  • FW
    FORT WORDEN PUBLIC DEVELOPMENT AUTHORITY
    one grant, 2018 · $100k
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 Way of Snohomish County

United way of snohomish county improves lives for families in snohomish county by bringing people, resources, and strategy together.

Philanthropy
2
Tenino Community Service Center

Tenino Community Service Center/Tenino Food Bank Plus is a deep-rooted community-based service center dedicated to feeding those within the Tenino school district (Tenino and Bucoda) that may be disadvantaged. In addition, it is our…

Food & Nutrition
3
Futurewise

Futurewise works throughout Washington state to encourage healthy, equitable and opportunity-rich communities, and to protect our most valuable farmlands, forests and water resources through wise land use policies and practices.

Environment
4
Pacific Northwest Economic Region Foundation

To increase the economic well-being and quality of life for all citizens of the region; to coordinate provincial, territorial, and state policies throughout the region; to identify and promote "models of success and to serve as a conduit…

—
5
Northwest Counseling Service Inc

Housing Counseling Services

Housing & Shelter
6
Bike Works Seattle

Bike Works promotes the bicycle as a vehicle for change to empower youth and build resilient communities.

Recreation & Sports
7
Discover Your Northwest

Discover Your Northwest promotes the discovery of northwest public lands, enriches the experience of visitors and builds community stewardship of these special places today and for generations to come.

Recreation & Sports
8
King County Sexual Assault Resource Center

KCSARC is the largest and most comprehensive non-profit provider of sexual assault services in King County and Washington State. Our vision is a community free of sexual violence. Our mission is to: give voice to victims, their families,…

—
9
Cowlitz Economic Development Council

Foster Growth in the Community

—
10
House Our Neighbors

House Our Neighbors envisions a future where all people can afford to live and thrive in vibrant, cohesive, and climate resilient communities. To achieve this, we develop, advocate, and mobilize for policy to realize social housing for the…

—
11
Recovery Cafe Skagit

Provide a safe, healing, and restorative community that empowers long-term transformation through human connection for those recovering from the trauma of homelessness, addictions, and mental health challenges.

Education
12
Snoqualmie Valley Food Bank

Our mission is to provide food and key resources to help our neighbors and community thrive. we lead the effort to feed, educated and advocate ending hunger in the snoqualmie valley and beyond.

Food & Nutrition
How this is measured
The grantee most central to the portfolio’s shape is Cares of Washington; the most unlike its peers is Seiu Healthcare 1199NW Multi-Employer Training & Education Fund. 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

162 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. 162 of the 214 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)
65
Early backer (in before they grew)
160/162
Grantees still filing
114/162
Grew since first funded

Where the money sits, by cause and then by grantee

HABITAT FOR HUMANITY OF EAST JEFFERSON COUNTY: $130,000 · OtherOLYMPIC MEDICAL CENTER FOUNDATION: $126,000 · Other+112 more: $3,059,250 · Other+112 moreSequim Senior Services dba Shipley Center: $100,000 · Human ServicesSequim Senior …PARKVIEW SERVICES: $75,000 · Human ServicesPARKVIEW SERVI…WHATCOM FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATION: $72,500 · Human ServicesWHATCOM FAMILY…OLYMPIC PENINSULA YOUNG MENS CHRISTIAN ASSN: $55,000 · Human ServicesOLYMPIC PENINS…KITSAP COMMUNITY RESOURCES: $50,000 · Human ServicesKITSAP COMMUNI…Young Women's Christian Association of Bellingham: $50,000 · Human ServicesYoung Women's …HOLLY RIDGE CENTER: $50,000 · Human ServicesHOLLY RIDGE CE…SCARLET ROAD: $47,500 · Human ServicesSCARLET ROADNORTHWEST YOUTH SERVICES: $35,000 · Human Services+26 more: $303,500 · Human Services+26 moreJEFFERSON HEALTHCARE FOUNDATION: $210,000 · HealthJEFFERSON H…PENINSULA BEHAVIORAL HEALTH: $125,000 · HealthPENINSULA B…NORTH OLYMPIC HEALTHCARE NETWORK: $75,000 · HealthNORTH OLYMP…Olympic Peninsula Community Clinic: $50,000 · HealthOlympic Pen…UNITY CARE NORTHWEST: $50,000 · HealthUNITY CARE …CAPTAIN JOSEPH HOUSE FOUNDATION: $35,000 · HealthCAPTAIN JOS…SEIU HEALTHCARE 1199NW MULTI-EMPLOYER TRAINING & EDUCATION FUND: $25,000 · HealthPEACEHEALTH ST JOSEPH MEDICAL CENTER FOUNDATION: $25,000 · Health+8 more: $57,500 · Health+8 moreNORTHWEST MARITIME CENTER: $155,000 · Arts & CultureNORTHWEST…PORT ANGELES WATERFRONT CENTER DBA FIELD ARTS & EVENTS HALL: $107,500 · Arts & CulturePORT ANGE…RADIO PORT TOWNSEND: $75,000 · Arts & CultureRADIO POR…ROXY BREMERTON: $75,000 · Arts & CultureROXY BREM…Northwest School of Wooden Boatbuilding: $62,500 · Arts & CultureNorthwest…Central Stage Theatre of County Kitsap: $50,000 · Arts & CultureCentral S…+4 more: $26,750 · Arts & CultureHousing Resources Bainbridge: $110,000 · Housing & ShelterSERENITY HOUSE OF CLALLAM COUNTY: $85,000 · Housing & ShelterKULSHAN COMMUNITY LAND TRUST: $75,000 · Housing & ShelterROAD2HOME: $50,000 · Housing & ShelterKITSAP RESCUE MISSION: $50,000 · Housing & ShelterOWL360: $25,000 · Housing & ShelterNORTH OLYMPIC REGIONAL VETERANS HOUSING NETWORK: $25,000 · Housing & ShelterHOUSING CONNECTOR: $25,000 · Housing & ShelterBAYSIDE HOUSING & SERVICES: $25,000 · Housing & ShelterOlympic Housing Trust: $25,000 · Housing & Shelter+1 more: $5,000 · Housing & ShelterTHE BOYS & GIRLS CLUBS OF THE OLYMPIC PENINSULA: $160,000 · Youth DevelopmentCAMP BEAUSITE NORTHWEST: $55,000 · Youth DevelopmentBoys & Girls Clubs of Whatcom County: $45,000 · Youth DevelopmentWHATCOM FAMILY & COMMUNITY NETWORK: $12,500 · Youth DevelopmentVAMOS OUTDOORS PROJECT: $10,000 · Youth DevelopmentKIDS IN CONCERT INC: $10,000 · Youth Development+1 more: $5,000 · Youth DevelopmentJEFFERSON COMMUNITY FOUNDATION: $90,000 · PhilanthropyUnited Way of Clallam County: $50,000 · PhilanthropyOLYMPIC COLLEGE FOUNDATION: $35,000 · PhilanthropyKITSAP COMMUNITY FOUNDATION: $32,500 · PhilanthropyWHATCOM COMMUNITY FOUNDATION: $25,000 · PhilanthropyPENINSULA COLLEGE FOUNDATION: $25,000 · Philanthropy+1 more: $5,000 · Philanthropy
Other$3,315,250Human Services$838,500Health$652,500Arts & Culture$551,750Housing & Shelter$500,000Youth Development$297,500Philanthropy$262,500

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 budgetJEFFERSON HEALTHCARE FOUNDATION: $210,000 over 5y, 13% of budgetTHE BOYS & GIRLS CLUBS OF THE OLYMPIC PENINSULA: $160,000 over 4y, 3.3% of budgetNORTHWEST MARITIME CENTER: $155,000 over 3y, 1.3% of budgetOLYMPIC MEDICAL CENTER FOUNDATION: $126,000 over 4y, 6.1% of budgetPENINSULA BEHAVIORAL HEALTH: $125,000 over 3y, 0.6% of budgetHousing Resources Bainbridge: $110,000 over 2y, 2.8% of budgetPORT ANGELES FOOD BANK: $110,000 over 4y, 1.5% of budgetPORT ANGELES WATERFRONT CENTER DBA FIELD ARTS & EVENTS HALL: $107,500 over 3y, 1.5% of budgetMERCY HOUSING NORTHWEST: $100,000 over 1y, 0.5% of budgetSequim Senior Services dba Shipley Center: $100,000 over 1y, 13% of budgetCENTER FOR INCLUSIVE ENTREPRENEURSHIP: $100,000 over 2y, 4.1% of budgetHABITAT FOR HUMANITY CLALLAM COUNTY: $100,000 over 1y, 7.5% of budgetJEFFERSON COMMUNITY FOUNDATION: $90,000 over 2y, 5.2% of budgetLYDIA PLACE: $90,000 over 3y, 1.7% of budgetSERENITY HOUSE OF CLALLAM COUNTY: $85,000 over 3y, 0.7% of budgetPARKVIEW SERVICES: $75,000 over 2y, 1.0% of budgetKULSHAN COMMUNITY LAND TRUST: $75,000 over 3y, 8.6% of budgetRADIO PORT TOWNSEND: $75,000 over 2y, 19% of budgetNORTH OLYMPIC HEALTHCARE NETWORK: $75,000 over 3y, 0.2% of budgetFORKS COMMUNITY FOOD BANK INC: $75,000 over 3y, 11% of budgetROXY BREMERTON: $75,000 over 2y, 62% of budgetWHATCOM FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATION: $72,500 over 4y, 0.9% of budgetFOUNDATION FOR WESTERN WASHINGTON UNIVERSITY AND ALUMNI: $70,000 over 2y, 0.7% of budgetNorthwest School of Wooden Boatbuilding: $62,500 over 3y, 1.4% of budgetMAX HIGBEE COMMUNITY RECREATION CENTER: $60,000 over 3y, 8.3% of budgetWHATCOM DISPUTE RESOLUTION CENTER: $60,000 over 2y, 0.6% of budgetWhatcom Center for Early Learning: $57,500 over 2y, 2.4% of budgetOLYMPIC PENINSULA YOUNG MENS CHRISTIAN ASSN: $55,000 over 2y, 0.8% of budgetCAMP BEAUSITE NORTHWEST: $55,000 over 3y, 3.6% of budgetCentral Stage Theatre of County Kitsap: $50,000 over 1y, 11% of budgetUnited Way of Clallam County: $50,000 over 2y, 3.0% of budgetROAD2HOME: $50,000 over 2y, 5.4% of budgetUNITY CARE NORTHWEST: $50,000 over 1y, 0.1% of budgetKITSAP COMMUNITY RESOURCES: $50,000 over 1y, 0.2% of budgetYoung Women's Christian Association of Bellingham: $50,000 over 1y, 4.4% of budgetTHE NATURE CONSERVANCY: $50,000 over 1y, 0.0% of budgetHOLLY RIDGE CENTER: $50,000 over 1y, 0.9% of budgetKITSAP RESCUE MISSION: $50,000 over 1y, 2.6% of budgetHABITAT FOR HUMANITY IN WHATCOM COUNTY: $50,000 over 1y, 2.0% of budgetSCARLET ROAD: $47,500 over 4y, 3.8% of budgetBoys & Girls Clubs of Whatcom County: $45,000 over 3y, 0.4% of budgetRE SOURCES: $35,000 over 2y, 1.1% of budgetKEY CITY PLAYERS KEY CITY PUBLIC THEATRE: $35,000 over 2y, 11% of budgetCentral Kitsap Food Bank: $35,000 over 2y, 1.7% of budgetCAPTAIN JOSEPH HOUSE FOUNDATION: $35,000 over 2y, 9.4% of budgetNORTHWEST YOUTH SERVICES: $35,000 over 2y, 0.8% of budgetOLYMPIC COLLEGE FOUNDATION: $35,000 over 1y, 2.0% of budgetAlternatives to Hunger Bellingham Food Bank: $35,000 over 2y, 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.

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.

The Norcliffe Foundat…Seattle FoundationPuget Sound Energy Fo…Medina FoundationWhatcom Community Fou…Bainbridge Community …Kitsap Community Foun…M J Murdock Charitabl…Washington Federal Fo…Albert Haller Foundat…Jefferson Community F…United Way of Clallam…
The Norcliffe FoundationWA112× affinity66 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Norcliffe Foundation · Seattle Foundation · Puget Sound Energy Foundation · Medina Foundation · Whatcom Community Foundation · Bainbridge Community Foundation · Kitsap Community Foundation · M J Murdock Charitable Trust · Washington Federal Foundation · Albert Haller Foundation · Jefferson Community Foundation · United Way of Clallam County

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

2024
’20’21’22’23’24’25
no gov · 10%1%4%8%15%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 1%
  • Financial Beginnings: 1% of income from government
no gov moneyreceives it· size = income
1get no government money at all
80report 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 First Fed Foundation?

Find your warmest path to First Fed Foundation 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 214 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 First Fed’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