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Larsen Fund at a glance

· Private foundation

Larsen Fund

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.

$1.1M
Granted FY2025still arriving
143
Grants FY2025still arriving
20
States reached
$75k
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, FY2019 to 2024.

Education$1.6MArts & Culture$1.2MEnvironment$974kRecreation & Sports$391kAnimals$366kHealth$348kYouth Development$218kHuman Services$161kOther$0
02FY2025 · 143 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k103 grants · $432k
  • $10k–50k38 grants · $578k
  • $50k–250k2 grants · $125k
$5,000
Median grant
20
States reached
$23M
Total assets
Largest grants
RecipientAmount
MINNESOTA ZOO$75,000
HOSPITALITY HOUSE YOUTH DEVELOPMENT$50,000
NORTHSIDE ACHIEVEMENT ZONE$32,500
COLGATE UNIVERSITY$30,000
HOTCHKISS SCHOOL$30,000
RETRO REPORT INC$30,000
NORTH BRANCH NATURE CENTER$30,000
LITERACY PARTNERS INC$30,000
THE CHILDREN'S THEATRE COMPANY$25,000
Individual grant recipient$20,000
COLORADO ROCKY MOUNTAIN SCHOOL$20,000
FLIGHT EXPERIENCES FOR YOUTH$20,000
CENTRAL VERMONT HOME HEALTH & HOSPICE$15,500
CENTER FOR NORTHERN WOODLANDS$15,000
SUN VALLEY SKI EDUCATION FOUNDATION$15,000
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 (FY19–25, $281k) land where the poverty rate runs at 9%, against an area that typically sits at 10%. 15% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 10%WILD GIFT: $10k → 7%GREATER MINNEAPOLIS CRISIS NURSERY: $5k → 11%ATLAS CULTURAL FOUNDATION: $10k → 10%WISH OF A LIFETIME: $4k → 12%GREATER MINNEAPOLIS CRISIS NURSERY: $4k → 11%ATLAS CULTURAL FOUNDATION: $5k → 10%GREATER MINNEAPOLIS CRISIS NURSERY: $4k → 11%WILD GIFT FUND INC: $6k → 7%GREATER MINNEAPOLIS CRISIS NURSERY: $4k → 11%WILD GIFT FUND INC: $6k → 7%GREATER MINNEAPOLIS CRISIS NURSERY: $4k → 11%WILD GIFT FUND INC: $6k → 7%GREATER MINNEAPOLIS CRISIS NURSERY: $3k → 11%SUN VALLEY INSTITUTE FOR RESILIENCE: $6k → 7%GREATER MINNEAPOLIS CRISIS NURSERY: $3k → 11%GREATER MINNEAPOLIS CRISIS NURSERY: $3k → 11%GREATER MINNEAPOLIS CRISIS NURSERY: $2k → 11%GREATER MINNEAPOLIS CRISIS NURSERY: $1k → 11%GREATER MINNEAPOLIS CRISIS NURSERY: $1k → 11%WILD GIFT FUND INC: $5k → 7%SUN VALLEY INSTITUTE FOR RESILIENCE: $5k → 7%SUN VALLEY INSTITUTE FOR RESILIENCE: $5k → 7%SUN VALLEY INSTITUTE FOR RESILIENCE: $5k → 7%WILD GIFT FUND INC: $5k → 7%SUN VALLEY INSTITUTE FOR RESILIENCE: $10k → 7%SUN VALLEY INSTITUTE FOR RESILIENCE: $10k → 7%SUN VALLEY INSTITUTE FOR RESILIENCE: $10k → 7%CENTRAL VERMONT HOME HEALTH & HOSPICE: $16k → 9%CENTRAL VERMONT HOME HEALTH & HOSPICE: $16k → 9%CENTRAL VERMONT HOME HEALTH & HOSPICE: $9k → 9%CENTRAL VERMONT HOME HEALTH & HOSPICE: $9k → 9%CENTRAL VERMONT HOME HEALTH & HOSPICE: $8k → 9%CAPSTONE COMMUNITY ACTION: $6k → 9%WILD GIFT FUND INC: $5k → 7%CAPSTONE COMMUNITY ACTION: $6k → 9%CENTRAL VERMONT HOME HEALTH & HOSPICE: $6k → 9%CAPSTONE COMMUNITY ACTION: $5k → 9%CAPSTONE COMMUNITY ACTION: $5k → 9%CENTRAL VERMONT HOME HEALTH & HOSPICE: $5k → 9%CAPSTONE COMMUNITY ACTION: $5k → 9%CAPSTONE COMMUNITY ACTION: $5k → 9%CENTRAL VERMONT HOME HEALTH & HOSPICE: $2k → 9%VERMONT RIVER CONSERVANCY INC: $5k → 9%VERMONT RIVER CONSERVANCY INC: $5k → 9%VERMONT RIVER CONSERVANCY INC: $5k → 9%VERMONT RIVER CONSERVANCY INC: $5k → 9%VERMONT RIVER CONSERVANCY INC: $2k → 9%VERMONT RIVER CONSERVANCY INC: $2k → 9%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

ME
VT
NH
WA
ID
MT
MN
IL
WI
NY
MA
OH
CT
CA
UT
CO
MO
NC
DC
GA
TX
FL
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.

94%of every dollar goes to organizations it has funded before.
$6.5M · 137 repeat orgs$439k to everyone else

Grantees it renews have grown median revenue +33% since the first grant, against +21% for those funded once.

137 repeat relationships: 103 still active in FY2025, 34 since wound down; 12 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

137
41

Total granted

$6.5M
$358k

Median revenue growth · since first grant

+33%
+21%

Still filing today

81%
59%

New vs renewed · share of each year

In FY2025, 93% of grant dollars renewed an existing relationship; $82k went to new ones.

50%100%’19’20’21’22’23’24’25
RenewedFirst-time

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

’19’20’21’22’23’24’25
EducationArts & CultureEnvironmentRecreation & SportsHuman 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

  • TH
    THE HOTCHKISS SCHOOL
    7× · 2019–2025 · $254k · revenue +52%
  • CT
    Children's Theatre Company and School
    7× · 2019–2025 · $213k · revenue +7%
  • HS
    HARTFORD STAGE COMPANY INC
    3× · 2019–2021 · $210k · revenue +23%

Funded once

  • RA
    REAL ART WAYS INC
    one grant, 2021 · $100k · revenue +16%
  • RR
    RIVERFRONT RECAPTURE INC
    one grant, 2021 · $40k · revenue -9%
  • TN
    THE NATURE CONSERVANCY OF VERMONT
    one grant, 2019 · $24k
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
Vermont Public Co

Vermont public informs, educates, and entertains through public service journalism and enlightening content rooted in vermont. our storytelling enriches lives and fosters community connection and understanding.

Arts & Culture
2
The Vermont Community Foundation

The vermont community foundation helps to build philanthropic resources to sustain healthy and vital vermont communities. the foundation connects and mobilizes people through giving to multiply the impact of philanthropy.

Philanthropy
3
Native Plant Trust Inc

The organization's mission is to conserve and promote new england's native plants to ensure healthy, biologically diverse landscapes.

Environment
4
Wheaton College

Wheaton college provides a transformative liberal arts education, combining theory and practice, for intellectually curious students within a collaborative and vibrant extended community and network that values and strives to create an…

Education
5
President and Trustees of Bates College

Bates is a college of the liberal arts and sciences, and is a coeducational, nonsectarian, residential college with special commitments to academic rigor, and to assuring in all of its efforts the dignity of each individual, and access to…

Education
6
Saint Anselm College

Saint anselm is a catholic, benedictine college providing all of its students a distinctive liberal arts education that incorporates opportunities for professional and career preparation. it does so in a learning community that encourages…

Education
7
Vermont Woodlands Association

Vermont woodlands association's (vwa) mission is to educate and advocate for the practices of productive stewardship, use, and enjoyment of vermont's woodlands. we achieve this mission by delivering educational programs and technical…

Environment
8
The Vermont Center for Ecostudies Inc

The vermont center for ecostudies advances the conservation of wildlife across the americas through research, monitoring, and citizen engagement.

Environment
9
Minnesota Land Trust

The minnesota land trust protects and restores minnesota's most vital natural lands in order to provide wildlife habitat, clean water, outdoor experiences and scenic beauty for generations to come.

Environment
10
University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education
11
Bartlett Arboretum Association Inc

To cultivate and develop an expansive collection of trees, gardens, and plants for all to explore, enjoy and study; and to provide through education and stewardship, a greener, healthier, more beautiful environment.

Environment
12
Association of Washington Cities

The association of washington cities builds connections between our state's diverse cities and towns, while providing our members with the support needed to thrive through delivery of data-driven education, nationally recognized pooling…

—
How this is measured
The grantee most central to the portfolio’s shape is Children's Health Care Foundation; the most unlike its peers is Retro Report Inc. 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

146 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. 146 of the 191 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)
34
Early backer (in before they grew)
143/146
Grantees still filing
110/146
Grew since first funded

Where the money sits, by cause and then by grantee

STERLING COLLEGE: $450,000 · EducationSTERLING COLLEGETHE HOTCHKISS SCHOOL: $254,000 · EducationTHE HOTCHKISS SCHOOLCOLGATE UNIVERSITY: $197,500 · EducationCOLGATE UNIVERSITYTHE UNIVERSITY OF PUGET SOUND: $190,000 · EducationTHE UNIVERSITY OF PUGET SOUNDLiteracy Partners Inc: $160,000 · EducationLiteracy Partners IncTHE BLAKE SCHOOL: $80,000 · EducationCOLORADO ROCKY MOUNTAIN SCHOOL INC: $70,000 · Education+20 more: $435,750 · Education+20 moreMINNESOTA ZOO: $400,000 · OtherMINNESOTA ZOOSUN VALLEY SKI EDUCATION FOUNDATION INC: $91,500 · OtherTHE GREEN MOUNTAIN CLUB INC DEBONIS: $82,000 · OtherPlanned Parenthood of Northern New England Inc: $87,000 · OtherNORTHSIDE ACHIEVEMENT ZONE: $113,000 · Other+89 more: $1,480,083 · Other+89 moreChildren's Theatre Company and School: $213,000 · Arts & CultureChildren's Theatre C…HARTFORD STAGE COMPANY INC: $210,000 · Arts & CultureHARTFORD STAGE COMPA…RETRO REPORT INC: $105,000 · Arts & CultureRETRO REPORT INCREAL ART WAYS INC: $100,000 · Arts & CultureREAL ART WAYS INCReal News Project Inc: $80,000 · Arts & CultureReal News Project In…MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS: $70,000 · Arts & CultureMINNEAPOLIS SOCIETY …THE PLAYWRIGHTS' CENTER INC: $68,500 · Arts & CultureTHE PLAYWRIGHTS' CEN…HARTFORD SYMPHONY ORCHESTRA INC: $65,000 · Arts & CultureGUTHRIE THEATER FOUNDATION: $56,000 · Arts & CultureHILL-STEAD MUSEUM: $44,500 · Arts & Culture+16 more: $268,000 · Arts & Culture+16 moreNORTH BRANCH NATURE CENTER INC: $199,500 · EnvironmentNORTH BRAN…NANTUCKET CONSERVATION FOUNDATION INC: $90,000 · EnvironmentNANTUCKET …VERMONT LAND TRUST INC: $80,000 · EnvironmentVERMONT LA…VERMONT NATURAL RESOURCES COUNCIL INC: $49,750 · EnvironmentVERMONT NA…Lake George Land Conservancy Inc: $39,000 · EnvironmentLake Georg…FRIENDS OF THE MAD RIVER: $38,250 · EnvironmentFRIENDS OF…WOOD RIVER LAND TRUST CO: $35,000 · EnvironmentWOOD RIVER…NORTH FLORIDA LAND TRUST INC: $29,000 · Environment+7 more: $76,500 · Environment+7 moreST DAVID'S CENTER: $183,000 · Youth DevelopmentCAMP RAINBOW GOLD INC: $78,000 · Youth DevelopmentHOSPITALITY HOUSE YOUTH DEVELOPMENT: $74,500 · Youth DevelopmentLET'S GROW KIDS INC: $31,000 · Youth DevelopmentCOMMUNITY PASSAGEWAYS: $31,000 · Youth Development+1 more: $5,000 · Youth DevelopmentCentral Vermont Home Health & Hospice Inc: $72,000 · Human ServicesSUN VALLEY INSTITUTE FOR RESILIENCE: $51,000 · Human ServicesTHE WILD FUND INC: $43,000 · Human ServicesGREATER MINNEAPOLIS CRISIS NURSERY: $37,500 · Human ServicesCAPSTONE COMMUNITY ACTION INC: $33,500 · Human ServicesTHE VERMONT RIVER CONSERVANCY INC: $24,000 · Human ServicesCENTRAL VERMONT REFUGEE ACTION NETWORK INC: $19,000 · Human ServicesPeople's Harm Reduction Alliance: $19,000 · Human ServicesATLAS CULTURAL FOUNDATION: $15,000 · Human Services+2 more: $5,000 · Human ServicesFLIGHT EXPERIENCE FOR YOUTH: $80,000 · Recreation & SportsRIVERFRONT RECAPTURE INC: $40,000 · Recreation & SportsFARM AND WILDERNESS FOUNDATION INC: $25,000 · Recreation & SportsTHE LOPPET FOUNDATION INC: $17,000 · Recreation & SportsTHE ALOHA FOUNDATION INC: $10,500 · Recreation & Sports+7 more: $37,500 · Recreation & Sports
Education$1,837,250Other$2,253,583Arts & Culture$1,280,000Environment$637,000Youth Development$402,500Human Services$319,000Recreation & Sports$210,000

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 budgetSTERLING COLLEGE: $450,000 over 6y, 1.0% of budgetTHE HOTCHKISS SCHOOL: $254,000 over 7y, 0.1% of budgetChildren's Theatre Company and School: $213,000 over 7y, 0.5% of budgetHARTFORD STAGE COMPANY INC: $210,000 over 3y, 2.2% of budgetNORTH BRANCH NATURE CENTER INC: $199,500 over 7y, 3.0% of budgetCOLGATE UNIVERSITY: $197,500 over 7y, 0.0% of budgetTHE UNIVERSITY OF PUGET SOUND: $190,000 over 7y, 0.0% of budgetST DAVID'S CENTER: $183,000 over 7y, 0.1% of budgetLiteracy Partners Inc: $160,000 over 7y, 1.1% of budgetNORTHSIDE ACHIEVEMENT ZONE: $113,000 over 7y, 0.4% of budgetRETRO REPORT INC: $105,000 over 4y, 0.4% of budgetREAL ART WAYS INC: $100,000 over 1y, 4.2% of budgetSUN VALLEY SKI EDUCATION FOUNDATION INC: $91,500 over 7y, 0.5% of budgetNANTUCKET CONSERVATION FOUNDATION INC: $90,000 over 7y, 0.4% of budgetPlanned Parenthood of Northern New England Inc: $87,000 over 7y, 0.1% of budgetTHE GREEN MOUNTAIN CLUB INC DEBONIS: $82,000 over 7y, 0.8% of budgetTHE BLAKE SCHOOL: $80,000 over 7y, 0.0% of budgetFLIGHT EXPERIENCE FOR YOUTH: $80,000 over 7y, 25% of budgetReal News Project Inc: $80,000 over 4y, 7.5% of budgetVERMONT LAND TRUST INC: $80,000 over 7y, 0.1% of budgetCAMP RAINBOW GOLD INC: $78,000 over 7y, 6.1% of budgetHOSPITALITY HOUSE YOUTH DEVELOPMENT: $74,500 over 2y, 1.2% of budgetCentral Vermont Home Health & Hospice Inc: $72,000 over 7y, 0.1% of budgetCOLORADO ROCKY MOUNTAIN SCHOOL INC: $70,000 over 6y, 0.1% of budgetMINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS: $70,000 over 7y, 0.0% of budgetVERMONT WORKS FOR WOMEN INC: $69,500 over 7y, 1.1% of budgetTHE PLAYWRIGHTS' CENTER INC: $68,500 over 7y, 0.9% of budgetHARTFORD SYMPHONY ORCHESTRA INC: $65,000 over 3y, 0.7% of budgetWAYZATA SAILING FOUNDATION: $60,000 over 7y, 2.1% of budgetCENTER FOR NORTHERN WOODLANDS EDUCATION INC: $60,000 over 4y, 1.9% of budgetBreck School: $59,500 over 7y, 0.0% of budgetCHILDREN'S HEALTH CARE FOUNDATION: $58,000 over 4y, 0.1% of budgetGUTHRIE THEATER FOUNDATION: $56,000 over 7y, 0.1% of budgetSUN VALLEY INSTITUTE FOR RESILIENCE: $51,000 over 7y, 1.5% of budgetWASHINGTON UNIVERSITY: $50,000 over 7y, 0.0% of budgetVERMONT NATURAL RESOURCES COUNCIL INC: $49,750 over 7y, 0.4% of budgetJUNIOR LEAGUE OF MINNEAPOLIS INC: $49,000 over 7y, 3.7% of budgetKELLOGG-HUBBARD LIBRARY: $47,000 over 7y, 1.3% of budgetIDAHO CONSERVATION LEAGUE INC: $45,000 over 7y, 0.3% of budgetHILL-STEAD MUSEUM: $44,500 over 2y, 2.3% of budgetTHE WILD FUND INC: $43,000 over 7y, 6.7% of budgetAFRICA CLASSROOM CONNECTION: $40,000 over 6y, 7.3% of budgetRIVERFRONT RECAPTURE INC: $40,000 over 1y, 0.8% of budgetLake George Land Conservancy Inc: $39,000 over 7y, 0.2% of budgetFRIENDS OF THE MAD RIVER: $38,250 over 6y, 4.3% of budgetGREATER MINNEAPOLIS CRISIS NURSERY: $37,500 over 7y, 0.2% of budgetThe Lake George Association Inc: $35,000 over 7y, 0.3% of budgetWOOD RIVER LAND TRUST CO: $35,000 over 7y, 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.

  • Who funds STERLING COLLEGE ↗
  • Who funds THE HOTCHKISS SCHOOL ↗
  • Who funds Children's Theatre Company and School ↗
  • Who funds HARTFORD STAGE COMPANY INC ↗
  • Who funds NORTH BRANCH NATURE CENTER INC ↗
  • Who funds COLGATE UNIVERSITY ↗
  • Who funds THE UNIVERSITY OF PUGET SOUND ↗
  • Who funds ST DAVID'S CENTER ↗
  • Who funds Literacy Partners Inc ↗
  • Who funds NORTHSIDE ACHIEVEMENT ZONE ↗
  • Who funds RETRO REPORT INC ↗
  • Who funds REAL ART WAYS INC ↗
  • Who funds SUN VALLEY SKI EDUCATION FOUNDATION INC ↗
  • Who funds NANTUCKET CONSERVATION FOUNDATION INC ↗
  • Who funds Planned Parenthood of Northern New England Inc ↗
  • Who funds THE GREEN MOUNTAIN CLUB INC DEBONIS ↗
  • Who funds THE BLAKE SCHOOL ↗
  • Who funds FLIGHT EXPERIENCE FOR YOUTH ↗
  • Who funds Real News Project Inc ↗
  • Who funds VERMONT LAND TRUST INC ↗
  • Who funds CAMP RAINBOW GOLD INC ↗
  • Who funds HOSPITALITY HOUSE YOUTH DEVELOPMENT ↗
  • Who funds Central Vermont Home Health & Hospice Inc ↗
  • Who funds COLORADO ROCKY MOUNTAIN SCHOOL INC ↗
  • Who funds MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS ↗
  • Who funds VERMONT WORKS FOR WOMEN INC ↗
  • Who funds THE PLAYWRIGHTS' CENTER INC ↗
  • Who funds HARTFORD SYMPHONY ORCHESTRA INC ↗
  • Who funds WAYZATA SAILING FOUNDATION ↗
  • Who funds CENTER FOR NORTHERN WOODLANDS EDUCATION INC ↗
  • Who funds Breck School ↗
  • Who funds CHILDREN'S HEALTH CARE FOUNDATION ↗
  • Who funds GUTHRIE THEATER FOUNDATION ↗
  • Who funds SUN VALLEY INSTITUTE FOR RESILIENCE ↗
  • Who funds WASHINGTON UNIVERSITY ↗

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 loosely connected circle, clustered around a few shared anchors.

The Vermont Community…National Life Group C…Lintilhac Foundation …Ben & Jerry's Foundat…The Windham Foundatio…Spur Community Founda…The Zachs Family Foun…Oakland Foundation IncVermont Council on th…Ibm International Fou…Boswell Family Founda…Edward C & Ann T Robe…
The Vermont Community FoundationVT55.6× affinity33 shared granteesties to 9 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Vermont Community Foundation · National Life Group Charitable Foundation Inc · Lintilhac Foundation Inc · Ben & Jerry's Foundation Inc · The Windham Foundation Inc · Spur Community Foundation Inc · The Zachs Family Foundation Inc · Oakland Foundation Inc · Vermont Council on the Arts Inc · Ibm International Foundation · Boswell Family Foundation · Edward C & Ann T Roberts 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 Larsen Fund funds: left to right is the share of its income from government, bottom to top the share from Larsen Fund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 180%3%13%28%50%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 10%
  • Capstone Community Action Inc: 84% of income from government
  • North Florida Land Trust Inc: 81% of income from government
  • Central Vermont Adult Basic Education Inc: 75% of income from government
  • Central Vermont Council On Aging Inc: 74% of income from government
  • Vermont Humanities Council: 67% of income from government
  • Vermont Works for Women Inc: 52% of income from government
  • Vermont Land Trust Inc: 42% of income from government
  • Real Art Ways Inc: 38% of income from government
  • Vermont Natural Resources Council Inc: 30% of income from government
  • The Vermont River Conservancy Inc: 21% of income from government
  • The Green Mountain Club Inc Debonis: 17% of income from government
  • Kingdom Trail Association Inc: 14% of income from government
  • Friends of the Mad River: 12% of income from government
  • Orchard Valley Waldorf School Inc: 10% of income from government
  • Catamount Trail Association: 10% of income from government
  • Sterling College: 10% of income from government
  • Kellogg-Hubbard Library: 10% of income from government
  • Hill-Stead Museum: 7% of income from government
  • Wadsworth Atheneum Museum of Art: 5% of income from government
  • Nantucket Conservation Foundation Inc: 4% of income from government
  • North Branch Nature Center Inc: 4% of income from government
  • Theaterworks Inc: 3% of income from government
  • Central Vermont Home Health & Hospice Inc: 3% of income from government
  • Hartford Stage Company Inc: 3% of income from government
  • Planned Parenthood of Northern New England Inc: 2% of income from government
  • Riverfront Recapture Inc: 2% of income from government
  • People's Health and Wellness Clinic: 2% of income from government
  • Vermont Studio Center Inc: 2% of income from government
  • The Bottom Line Inc: 0% of income from government
  • Hartford Hospital: 0% of income from government
  • Hartford Symphony Orchestra Inc: 0% of income from government
  • Farm and Wilderness Foundation Inc: 0% of income from government
  • Vermont Journalism Trust Ltd: 0% of income from government
  • Artists Association of Nantucket Inc: 0% of income from government
no gov moneyreceives it· size = income
18get no government money at all
31report government grants on their 990 we could not trace to a source (not plotted)
6rely 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 Larsen Fund?

Find your warmest path to Larsen Fund 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 191 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 Larsen’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