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Hcs Foundation at a glance

· Private foundation

Hcs Foundation

Its FY2024 filing reports that it accepted unsolicited grant applications.

$7.8M
Granted FY2024still arriving
75
Grants FY2024still arriving
4
States reached
$2.0M
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, FY2020 to 2024.

Arts & Culture$8.1MHealth$8.0MEducation$7.7MHuman Services$3.2MAnimals$2.3MYouth Development$2.0MHousing & Shelter$1.0MReligion$772kOther$0
02FY2024 · 75 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k9 grants · $48k
  • $10k–50k31 grants · $712k
  • $50k–250k27 grants · $2.3M
  • $250k+8 grants · $4.7M
$40,000
Median grant
4
States reached
$105M
Total assets
Largest grants
RecipientAmount
XAVIER UNIVERSITY$2,000,000
THE SUMMIT COUNTRY DAY SCHOOL$587,958
CRAIG AND FRANCES LINDNER CENTER OF HOPE$500,000
BOYS & GIRLS CLUBS OF GREATER CINCINNATI$500,000
ZOOLOGICAL SOCIETY OF CINCINNATI$400,000
BOB WOODRUFF FAMILY FOUNDATION INC$250,000
THE CHILDREN'S THEATRE OF CINCINNATI$250,000
CINCINNATI ASSOCIATION FOR THE BLIND$250,000
ST FRANCIS XAVIER CHURCH$167,000
WESLEY COMMUNITY SERVICES ORGANIZATION$166,667
OPTIMALL SERVICES INC$150,500
CC PRO FOUNDATION$125,000
CINCINNATI WORKS INC$120,000
LIVING ARRANGEMENTS FOR THE DEVELOPMENTALLY DISABLED INC$100,000
SETON EDUCATION PARTNERS$100,000
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 (FY20–24, $3.2M) land where the poverty rate runs at 15%, against an area that typically sits at 10%. 99% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%JACKSON CENTER FOR CONDUCTIVE EDUCATION INC: $38k → 9%LIFE LEARNING CENTER INC: $50k → 11%COLUMBUS WORKS INC: $100k → 15%LIGHTHOUSE YOUTH SERVICES INC: $250k → 16%FOUNDATION FOR TALBERT HOUSE: $75k → 16%LIGHTHOUSE YOUTH SERVICES INC: $50k → 16%FOUNDATION FOR TALBERT HOUSE: $25k → 16%FOUNDATION FOR TALBERT HOUSE: $25k → 16%FOUNDATION FOR TALBERT HOUSE: $25k → 16%FOUNDATION FOR TALBERT HOUSE: $25k → 16%LIGHTHOUSE YOUTH SERVICES INC: $3k → 16%PREGNANCY CENTER EAST INC: $25k → 16%CHILDREN'S HOME OF CINCINNATI OHIO INC: $25k → 16%CLOVERNOOK CENTER FOR THE BLIND & VISUALLY IMPAIRED: $75k → 16%KEN ANDERSON ALLIANCE: $84k → 16%KEN ANDERSON ALLIANCE: $70k → 16%KEN ANDERSON ALLIANCE: $40k → 16%KEN ANDERSON ALLIANCE: $25k → 16%ST VINCENT DE PAUL COMMUNITY PHARMACY OF CINCINNATI: $50k → 16%KEN ANDERSON ALLIANCE: $20k → 16%ST VINCENT DE PAUL COMMUNITY PHARMACY OF CINCINNATI: $50k → 16%ST VINCENT DE PAUL COMMUNITY PHARMACY OF CINCINNATI: $50k → 16%KEN ANDERSON ALLIANCE: $10k → 16%SOCIETY OF ST VINCENT DE PAUL - DISTRICT COUNCIL OF CINCINNATI: $25k → 16%LIVING ARRANGEMENTS FOR THE DEVELOPMENTALLY DISABLED INC: $360k → 16%SOCIETY OF ST VINCENT DE PAUL - DISTRICT COUNCIL OF CINCINNATI: $25k → 16%LIVING ARRANGEMENTS FOR THE DEVELOPMENTALLY DISABLED INC: $100k → 16%SOCIETY OF ST VINCENT DE PAUL COUNCIL: $2k → 16%STEPPING STONES INC: $239k → 16%SANTA MARIA COMMUNITY SERVICES INC: $250k → 16%WESLEY COMMUNITY SERVICES ORGANIZATION: $167k → 16%SWEET CHEEKS DIAPER BANK: $50k → 16%SWEET CHEEKS DIAPER BANK: $30k → 16%BEECH ACRES PARENTING CENTER: $53k → 16%AMERICAN NATIONAL RED CROSS: $4k → 16%CINCINNATI ASSOCIATION FOR THE BLIND: $250k → 16%CINCINNATI ASSOCIATION FOR THE BLIND: $200k → 16%CINCINNATI WORKS INC: $120k → 16%BEECH ACRES PARENTING CENTER: $85k → 16%EMANUEL COMMUNITY CENTER: $15k → 16%KEN ANDERSON ALLIANCE: $25k → 16%KEN ANDERSON ALLIANCE: $25k → 16%CINCINNATI WORKS INC: $3k → 16%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

IL
MI
NY
MA
IN
OH
PA
KY
DC
GA
TX
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.

78%of every dollar goes to organizations it has funded before.
$29M · 67 repeat orgs$8.0M to everyone else

Grantees it renews have grown median revenue +32% since the first grant, against +11% for those funded once.

67 repeat relationships: 45 still active in FY2024, 22 since wound down; 17 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

67
46

Total granted

$29M
$6.6M

Median revenue growth · since first grant

+32%
+11%

Still filing today

91%
78%

New vs renewed · share of each year

In FY2024, 83% of grant dollars renewed an existing relationship; $1.3M went to new ones.

50%100%’20’21’22’23’24
RenewedFirst-time

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

’20’21’22’23’24
Human ServicesArts & CultureHealthEducationPhilanthropyEnvironmentOther
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

  • CS
    CINCINNATI SYMPHONY ORCHESTRA
    5× · 2020–2024 · $3.9M · revenue +59%
  • XU
    XAVIER UNIVERSITY
    4× · 2021–2024 · $2.6M · revenue +8%
  • TC
    The Christ Hospital Foundation
    3× · 2022–2024 · $2.0M · revenue +208%

Funded once

  • TU
    THE UNIVERSITY OF CINCINNATI FOUNDATION
    one grant, 2023 · $1.0M · revenue -1%
  • AG
    ACCELERATE GREAT SCHOOLS
    one grant, 2020 · $1.0M · revenue -97%
  • XJ
    XAVIER JESUIT ACADEMY
    one grant, 2023 · $625k
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
Cincinnati Usa Regional Chamber

To grow the vibrancy and economic prosperity of the cincinnati region.

—
2
Cincinnati Usa Regional Chamber Foundation

To develop and promote economic development, talent initiatives and the unique offerings in the cincinnati region.

Community Improvement
3
Cincinnati Chamber Orchestra

Cincinnati Chamber Orchestra (CCO) creates intimate, transformative experiences that connect the musically curious.

Arts & Culture
4
Cintrifuse

To empower Cincinnati entrepreneurs to launch bold, scalable startups; and we work to improve the odds of those startups growing into transformational companies.

Community Improvement
5
Central Indiana Corporate Partnership Inc

Central indiana corporate partnership (cicp) is an alliance of indiana's business and research university leaders coming together to foster long-term prosperity for the region. cicp's mission is to transform the economy of indiana in order…

Community Improvement
6
Greater Columbus Chamber of Commerce

Advancing a thriving central ohio commmunity by serving as a catalyst for all businesses to grow and flourish. our mission pillars are connections, government relations, strategic business solutions and talent/workforce.

—
7
Legal Aid Society of Cincinnati

To resolve serious legal problems of low income people, to promote economic and family stability, and reduce poverty through effective legal assistance.

—
8
Cincinnati Observatory Center

The mission of the cincinnati observatory is to maintain the integrity and heritage of an historic 19th century observatory and to educate, engage, and inspire our community about astronomy and science.

Arts & Culture
9
Cincinnati Public Radio Inc

Cincinnati Public Radio is the trusted, independent source of journalism, music and culture empowering a vibrant, engaged and informed community.

Arts & Culture
10
Ohio United Way

To strengthen the capacity of United Ways across Ohio and to advance the common good for Ohioans.

Philanthropy
11
World Affairs Council - Cincinnati & Northern Kentucky

The World Affairs Council, a 501(c)3 nonprofit, is the bridge that connects the world to one of America's most vibrant regions. Through Global education, International exchange, and cultural awareness initiatives, the council strengthens…

—
12
Greater Cincinnati Convention and Visitors Bureau Inc

The cincinnati usa convention & visitors bureau is an aggressive sales, marketing, and service organization. our primary responsibility is to positively impact the region's area economy through convention, tradeshow and visitor…

—
How this is measured
The grantee most central to the portfolio’s shape is The Greater Cincinnati Foundation; the most unlike its peers is My Special Word. 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

116 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. 116 of the 132 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.

2
Load-bearing (≥25% of a budget)
25
Early backer (in before they grew)
115/116
Grantees still filing
76/116
Grew since first funded

Where the money sits, by cause and then by grantee

CINCINNATI SYMPHONY ORCHESTRA: $3,900,000 · Arts & CultureCINCINNATI SYMPHONY ORCH…The Children's Theatre of Cincinnati: $1,222,000 · Arts & CultureThe Children's Theatre o…CINCINNATI MUSEUM CENTER: $874,122 · Arts & CultureCINCINNATI MUSEUM CENTERCincinnati Playhouse in the Park: $500,000 · Arts & CultureCincinnati Playhouse in …CINCINNATI MUSEUM ASSOCIATION: $400,000 · Arts & Culture+13 more: $1,215,000 · Arts & Culture+13 moreThe Christ Hospital Foundation: $2,040,000 · HealthThe Christ Hospital…Craig and Frances Lindner Center of Hope: $1,500,000 · HealthCraig and Frances L…BOB WOODRUFF FAMILY FOUNDATION INC: $1,250,000 · HealthBOB WOODRUFF FAMILY…CINCINNATI CANCER FOUNDATION INC: $635,000 · HealthCINCINNATI CANCER F…GOOD SAMARITAN HOSPITAL FREE CLINIC: $416,000 · HealthGOOD SAMARITAN HOSP…+7 more: $466,000 · Health+7 moreACCELERATE GREAT SCHOOLS: $1,000,000 · OtherACCELERATE GREAT SCHOOLSSUMMIT COUNTRY DAY SCHOOL US CATHOLIC CONFERENCE: $761,458 · OtherSUMMIT COUNTRY DAY SCHOOL US CAT…XAVIER JESUIT ACADEMY: $625,000 · OtherXAVIER JESUIT ACADEMYBOYS & GIRLS CLUBS OF GREATER CINCINNATI: $500,000 · OtherDOWN SYNDROME ASSOCIATION OF GREATER CINCINNATI: $400,000 · OtherST FRANCIS XAVIER CHURCH: $384,000 · OtherBOYS AND GIRLS CLUBS OF COLUMBUS INC: $650,000 · OtherBOYS AND GIRLS CLUBS OF COLUMBUS…Anthony Munoz Foundation: $449,000 · OtherBethany House Services Inc: $500,000 · OtherCISE: $445,000 · OtherHands Together Inc: $400,000 · Other+49 more: $4,388,287 · Other+49 moreXAVIER UNIVERSITY: $2,600,000 · EducationXAVIER UNIVER…MAIN STREET VENTURES: $333,333 · EducationMAIN STREET V…MOUNT ST JOSEPH UNIVERSITY: $300,000 · EducationMOUNT ST JOSE…OHIO STATE UNIVERSITY FOUNDATION: $250,000 · EducationOHIO STATE UN…Optim-All Services: $230,500 · EducationOptim-All Ser…OHIO VALLEY VOICES: $150,000 · Education+6 more: $410,000 · Education+6 moreLiving Arrangements for the Developmentally Disabled Inc: $460,000 · Human ServicesLiving Ar…Cincinnati Association for the Blind and Visually Impaired: $450,000 · Human ServicesCincinnat…LIGHTHOUSE YOUTH SERVICES: $302,500 · Human ServicesLIGHTHOUS…KEN ANDERSON ALLIANCE: $298,710 · Human ServicesKEN ANDER…SANTA MARIA COMMUNITY SERVICES INC: $250,000 · Human ServicesSANTA MAR…STEPPING STONES INC: $238,807 · Human ServicesSTEPPING …FOUNDATION FOR TALBERT HOUSE: $175,000 · Human ServicesFOUNDATIO…Wesley Community Services Organization: $166,667 · Human ServicesST VINCENT DE PAUL COMMUNITY PHARMACY OF CINCINNATI: $150,000 · Human ServicesBEECH ACRES: $137,500 · Human ServicesCINCINNATI WORKS: $122,500 · Human Services+10 more: $463,500 · Human Services+10 moreTHE UNIVERSITY OF CINCINNATI FOUNDATION: $1,000,000 · PhilanthropyCCPRO FOUNDATION: $475,000 · PhilanthropyMagnified Giving: $250,000 · PhilanthropySTAR HOUSE: $200,142 · PhilanthropyTHE GREATER CINCINNATI FOUNDATION: $197,500 · PhilanthropySETON EDUCATION PARTNERS: $100,000 · PhilanthropyCOLUMBUS FOUNDATION: $100,000 · Philanthropy+1 more: $10,000 · PhilanthropyZOOLOGICAL SOCIETY OF CINCINNATI: $2,250,000 · Animals
Arts & Culture$8,111,122Health$6,307,000Other$10,502,745Education$4,273,833Human Services$3,215,184Philanthropy$2,332,642Animals$2,250,000

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 budgetCINCINNATI SYMPHONY ORCHESTRA: $3,900,000 over 5y, 4.0% of budgetXAVIER UNIVERSITY: $2,600,000 over 4y, 0.5% of budgetZOOLOGICAL SOCIETY OF CINCINNATI: $2,250,000 over 5y, 0.9% of budgetThe Christ Hospital Foundation: $2,040,000 over 3y, 19% of budgetCraig and Frances Lindner Center of Hope: $1,500,000 over 3y, 1.3% of budgetBOB WOODRUFF FAMILY FOUNDATION INC: $1,250,000 over 5y, 2.5% of budgetThe Children's Theatre of Cincinnati: $1,222,000 over 5y, 3.0% of budgetTHE UNIVERSITY OF CINCINNATI FOUNDATION: $1,000,000 over 1y, 0.7% of budgetACCELERATE GREAT SCHOOLS: $1,000,000 over 1y, 2.2% of budgetCINCINNATI MUSEUM CENTER: $874,122 over 5y, 0.7% of budgetBOYS AND GIRLS CLUBS OF COLUMBUS INC: $650,000 over 2y, 5.1% of budgetCINCINNATI CANCER FOUNDATION INC: $635,000 over 4y, 9.0% of budgetCincinnati Playhouse in the Park: $500,000 over 4y, 1.4% of budgetBethany House Services Inc: $500,000 over 3y, 1.6% of budgetBOYS & GIRLS CLUBS OF GREATER CINCINNATI: $500,000 over 1y, 2.6% of budgetCCPRO FOUNDATION: $475,000 over 5y, 5.4% of budgetLiving Arrangements for the Developmentally Disabled Inc: $460,000 over 2y, 2.8% of budgetCincinnati Association for the Blind and Visually Impaired: $450,000 over 2y, 2.1% of budgetAnthony Munoz Foundation: $449,000 over 5y, 17% of budgetCISE: $445,000 over 5y, 5.1% of budgetGOOD SAMARITAN HOSPITAL FREE CLINIC: $416,000 over 2y, 24% of budgetHands Together Inc: $400,000 over 2y, 6.7% of budgetCINCINNATI MUSEUM ASSOCIATION: $400,000 over 4y, 0.4% of budgetDOWN SYNDROME ASSOCIATION OF GREATER CINCINNATI: $400,000 over 1y, 14% of budgetMAIN STREET VENTURES: $333,333 over 2y, 14% of budgetLIGHTHOUSE YOUTH SERVICES: $302,500 over 3y, 1.0% of budgetGREEN UMBRELLA: $300,000 over 1y, 4.9% of budgetMOUNT ST JOSEPH UNIVERSITY: $300,000 over 3y, 0.2% of budgetFREESTORE FOODBANK INC: $300,000 over 4y, 0.1% of budgetKEN ANDERSON ALLIANCE: $298,710 over 5y, 6.1% of budgetProKids: $261,328 over 4y, 1.2% of budgetTAFT MUSEUM OF ART: $260,000 over 2y, 2.6% of budgetOHIO STATE UNIVERSITY FOUNDATION: $250,000 over 1y, 0.1% of budgetVALLEY VIEW FOUNDATION: $250,000 over 1y, 48% of budgetMagnified Giving: $250,000 over 1y, 38% of budgetSANTA MARIA COMMUNITY SERVICES INC: $250,000 over 1y, 3.3% of budgetSTEPPING STONES INC: $238,807 over 1y, 4.6% of budgetOptim-All Services: $230,500 over 3y, 8.2% of budgetSTAR HOUSE: $200,142 over 2y, 3.0% of budgetEmergency Shelter of Northern KY Inc: $200,000 over 1y, 11% of budgetThe Center for Holocaust and Humanity Education: $200,000 over 5y, 4.7% of budgetTHE GREATER CINCINNATI FOUNDATION: $197,500 over 4y, 0.1% of budgetCINCINNATI BASEBALL MUSEUM: $195,000 over 3y, 10% of budgetFOUNDATION FOR TALBERT HOUSE: $175,000 over 4y, 4.5% of budgetWesley Community Services Organization: $166,667 over 1y, 0.8% of budgetOHIO VALLEY VOICES: $150,000 over 3y, 1.5% of budgetCATHOLIC LEADERSHIP INSTITUTE: $150,000 over 2y, 1.0% of budgetAmerican Heart Association Inc: $150,000 over 2y, 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.

The Greater Cincinnat…Johnson Charitable Gi…Carol Ann and Ralph V…Charles H Dater Found…L & L Nippert Charita…Farmer Family Foundat…The Thomas J Emery Me…Elsa M Heisel Sule Ch…The James J and Joan …Robert H & Susan F Ca…John a Schroth Family…Louise Taft Semple Fo…
The Greater Cincinnati FoundationOH100.6× affinity66 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Greater Cincinnati Foundation · Johnson Charitable Gift Fund · Carol Ann and Ralph V Haile Jr Foundation · Charles H Dater Foundation Inc · L & L Nippert Charitable Foundation Inc Attn Carter F Randolph Phd · Farmer Family Foundation · The Thomas J Emery Memorial · Elsa M Heisel Sule Charitable Trust 2005 · The James J and Joan a Gardner Family Foundation · Robert H & Susan F Castellini Foundation · John a Schroth Family Char Tr · Louise Taft Semple 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 Hcs Foundation funds: left to right is the share of its income from government, bottom to top the share from Hcs Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%3%13%28%50%funder's share of their income ↑0%13%25%38%50%share of the org’s income from government →
    no gov moneyreceives it· size = income
    2get no government money at all
    35report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–50%
    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 Hcs Foundation?

    Find your warmest path to Hcs 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 132 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 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Hcs’ 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