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Lightning Foundation at a glanceAlso receives grants: funding profile →

· Public charity

Lightning Foundation

The LIGHTNING FOUNDATION is dedicated to investing its resources and leadership for the enrichment of the people of tampa bay, focusing on meeting basic human needs and enhancing lives.

$3.6M
Granted FY2025still arriving
45
Grants FY2025still arriving
4
States reached
$560k
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.

Education$2.2MHealth$1.4MPublic Safety & Disaster$1.0MHousing & Shelter$811kHuman Services$715kAnimals$264kArts & Culture$254kRecreation & Sports$250kOther$0
02FY2025 · 45 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 45 grants below total $3,445,547, the rows itemized in this filing. The $3,635,942 headline is the total grant expense on the return; the other $190,395 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • $10k–50k23 grants · $426k
  • $50k–250k19 grants · $1.8M
  • $250k+3 grants · $1.2M
$45,115
Median grant
4
States reached
$5.7M
Total assets
Largest grants
RecipientAmount
HILLSBOROUGH EDUCATION FUND$560,000
HEROES OF THE ST PETE POLICE AND FIRE RESCUE INC$360,000
SCHOOL BOARD OF HILLSBOROUGH COUNTY$250,000
TAMPA METRO AREA YMCA INC$225,397
PINELLAS EDUCATION FOUNDATION$200,000
HILLSBOROUGH COUNTY FIREFIGHTERS CHARITIES INC$160,000
LYNN SOWERS MEMORIAL FOUNDATION INC$150,000
PASCO EDUCATION FOUNDATION INC$140,000
PINELLAS COUNTY SHERIFFS OFFICE FOUNDATION INC$120,000
PASCO SHERIFF'S CHARITIES$110,000
USF FOUNDATION$104,600
PINELLAS COMMUNITY FOUNDATION$100,000
FEEDING TAMPA BAY$80,000
RONALD MCDONALD HOUSE$60,000
CALVARY COMMUNITY CLINIC INC$50,000
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, $671k) land where the poverty rate runs at 13%, against an area that typically sits at 10%. 90% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%SOUTHEASTERN GUIDE DOGS: $50k → 10%SOUTHEASTERN GUIDE DOGS: $10k → 10%READY FOR LIFE INC: $50k → 12%SOUTHEASTERN GUIDE DOGS: $10k → 10%CAMELOT COMMUNITY CENTER: $50k → 12%TAMPA METRO AREA YMCA INC: $225k → 13%METROPOLITAN MINISTRIES: $65k → 13%METROPOLITAN MINISTRIES: $50k → 13%METROPOLITAN MINISTRIES: $12k → 13%METROPOLITAN MINISTRIES: $10k → 13%A KID'S PLACE OF TAMPA BAY: $50k → 13%A KID'S PLACE OF TAMPA BAY: $15k → 13%HISPANIC SERVICES COUNCIL: $6k → 13%BULLARD FAMILY FOUNDATION: $8k → 13%MACDONALD TRAINING CENTER: $50k → 13%AMERICAN RED CROSS: $10k → 13%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

NY
MA
IA
IN
PA
CT
CA
UT
CO
VA
TN
NC
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.

45%of every dollar goes to organizations it has funded before.
$3.4M · 36 repeat orgs$4.1M to everyone else

Grantees it renews have grown median revenue +54% since the first grant, against +8% for those funded once.

36 repeat relationships: 18 still active in FY2025, 18 since wound down; 25 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

36
61

Total granted

$3.4M
$1.9M

Median revenue growth · since first grant

+54%
+8%

Still filing today

97%
82%

New vs renewed · share of each year

In FY2025, 22% of grant dollars renewed an existing relationship; $2.2M went to new ones.

50%100%’17’18’19’21’22’23’24’25
RenewedFirst-time

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

’17’18’19’21’22’23’24’25
HealthEducationHuman ServicesArts & CultureYouth DevelopmentHousing & ShelterOther
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

  • AH
    American Heart Association Inc
    6× · 2017–2023 · $269k · revenue +33%
  • TV
    THE V FOUNDATION
    5× · 2018–2024 · $230k · revenue +54%
  • HL
    H LEE MOFFITT CANCER CENTER & RESEARCH INSTITUTE FOUNDATION INC
    4× · 2017–2024 · $138k · revenue +102%

Funded once

  • HF
    Habitat for Humanity of Florida Inc
    one grant, 2023 · $500k · revenue -65%
  • UH
    USA HOCKEY FOUNDATIONgraduated
    one grant, 2022 · $100k · revenue +35%
  • University of South Florida Foundation Incgraduated
    one grant, 2017 · $80k · revenue +132%
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
Florida Chamber of Commerce Foundation Inc

Working in partnership with state business leaders to secure florida's future.

—
2
Orlando Health Foundation Inc

The mission of the orlando health foundation is to support the strategic priorities of orlando health through philanthropy. this is accomplished through special events and annual major and planned gift fundraising efforts.

Health
3
The Florida Center for Early Childhood Inc

The florida center supports the healthy development of young children, specializing in those with delays, disabilities or mental health challenges. our mission- "to help build and foster strong families and expand the potential of young…

Human Services
4
Tampa Bay Partnership Inc

The tampa bay partnership is a privately funded, ceo-driven regional advocacy organization, committed to creating a unified, competitive and prosperous tampa bay.

—
5
Orlando Health Inc

Orlando health is a trusted leader inspiring hope through the advancement of health. our mission as a community-owned organization is to improve the health and quality of life of the individuals and communities we serve.

Health
6
H Lee Moffitt Cancer Center and Research Institute Hospital Inc

The primary purpose of the h. lee moffitt cancer center and research institute hospital, inc. ("hospital") is to contribute to the prevention and cure of cancer.

Health
7
Society for the Prevention of Cruelty to Animals Tampa Bay Florida Inc

Spca tampa bay is a 501(c)(3) nonprofit organization that operates pinellas county's only nonprofit for-all animal shelter assisting all animals in need, regardless of species or circumstance, at its 10-acre campus in largo. (continued on…

Animals
8
St Joseph's Hospital of Tampa Foundation Inc

St. joseph's hospitals foundation secures, manages and stewards philanthropic support to benefit the health care mission of st. joseph's hospital, st. joseph's women's hospital, st. joseph's children's hospital of tampa, st. joseph's…

Health
9
Miami Children's Health System Inc

Nicklaus Children's Health System is the region's only healthcare system exclusively for children. Our mission is to inspire hope and promote lifelong health by providing the best care to every child. TO PERFORM THE FUNCTIONS OF, OR TO…

Health
10
Usf Research Foundation Inc

To promote, encourage and enhance research activities at the university of south florida.

Education
11
Variety Children's Hospital

To inspire hope and promote lifelong health by providing the best care to every child.

Health
12
Florida Health Sciences Center Inc

As the region's leading safety net hospital, tampa general hospital is committed to providing area residents with excellent and compassionate health care ranging from the simplest to the most complex medical services. our shared purpose:…

Health
How this is measured
The grantee most central to the portfolio’s shape is Community Foundation of Tampa Bay Inc; the most unlike its peers is Nhl Foundation Us 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

111 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. 111 of the 125 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.

4
Load-bearing (≥25% of a budget)
19
Early backer (in before they grew)
110/111
Grantees still filing
61/111
Grew since first funded

Where the money sits, by cause and then by grantee

UNIVERSITY OF SOUTH FLORIDA: $772,750 · OtherUNIVERSITY OF SOUTH FLORIDASCHOOL DISTRICT OF HILLSBOROUGH COUNTY: $250,000 · OtherSCHOOL DISTRICT OF HILLSBOROUGH COUNTYLYNN SOWERS MEMORIAL FOUNDATION INC: $150,000 · OtherFEEDING AMERICA TAMPA BAY INC: $112,500 · OtherPINELLAS COUNTY SHERIFFS OFFICE FOUNDATION INC: $120,000 · Other+57 more: $1,802,668 · Other+57 moreAmerican Heart Association Inc: $268,500 · HealthAmerican Heart Ass…THE V FOUNDATION: $230,000 · HealthTHE V FOUNDATIONH LEE MOFFITT CANCER CENTER & RESEARCH INSTITUTE FOUNDATION INC: $137,500 · HealthH LEE MOFFITT CANC…Pasco Sheriff's Charities Inc: $110,000 · HealthPasco Sheriff's Ch…RONALD MCDONALD HOUSE CHARITIES OF TAMPA BAY INC: $81,000 · HealthRONALD MCDONALD HO…THE CRISIS CENTER OF TAMPA BAY INC: $75,000 · HealthTHE CRISIS CENTER …TAMPA BAY THRIVES INC: $70,000 · HealthCALVARY COMMUNITY CLINIC INC: $50,000 · HealthTHE FAMILY HEALTHCARE FOUNDATION INC: $50,000 · Health+17 more: $263,450 · Health+17 moreHillsborough Education Foundation Inc: $592,296 · EducationHillsborough Ed…PINELLAS COUNTY EDUCATION FOUNDATION INC: $200,000 · EducationPINELLAS COUNTY…University of South Florida Foundation Inc: $80,000 · EducationUniversity of S…LEARNING INDEPENDENCE FOR TOMORROW INC: $57,500 · EducationSPECIAL OPERATIONS WARRIOR FOUNDATION: $50,000 · EducationPOSITIVE COACHING ALLIANCE: $43,500 · Education+6 more: $135,810 · Education+6 moreHeroes of the St Pete Police and Fire Resue Inc: $360,000 · Public Safety & DisasterHeroes of…TEAM RUBICON INC: $300,000 · Public Safety & DisasterTEAM RUBI…RISE TAMPA OUR POLICE FOUNDATION INC: $45,000 · Public Safety & DisasterRISE TAMP…TAMPA METROPOLITAN AREA YOUNG MEN'S CHRISTIAN ASSOCIATION INC: $225,397 · Human ServicesTAMPA MET…METROPOLITAN MINISTRIES INC: $137,000 · Human ServicesMETROPOLI…Southeastern Guide Dogs Inc: $70,000 · Human ServicesSoutheast…A KID'S PLACE OF TAMPA BAY INC: $65,000 · Human ServicesA KID'S P…CAMELOT COMMUNITY CARE INC: $50,000 · Human ServicesCAMELOT C…READY FOR LIFE INC: $50,000 · Human ServicesREADY FOR…MACDONALD TRAINING CENTER INC: $50,000 · Human ServicesMACDONALD…+3 more: $23,600 · Human ServicesHabitat for Humanity of Florida Inc: $500,000 · Housing & ShelterWARRICK DUNN CHARITIES INC: $50,000 · Housing & ShelterHOMES FOR OUR TROOPS INC: $50,000 · Housing & ShelterHABITAT FOR HUMANITY OF HILLSBOROUGH COUNTY FLORIDA: $50,000 · Housing & Shelter+1 more: $10,000 · Housing & ShelterHILLSBOROUGH COUNTY FIREFIGHTER CHARITIES INC: $160,000 · PhilanthropyPASCO EDUCATION FOUNDATION INC: $140,000 · PhilanthropyPINELLAS COMMUNITY FOUNDATION: $100,000 · PhilanthropyCOMMUNITY FOUNDATION OF TAMPA BAY INC: $88,500 · PhilanthropySUPPORT THE TROOPS INC: $50,000 · PhilanthropyDEBARTOLO FAMILY FOUNDATION INC: $25,000 · PhilanthropyTAMPA FIREFIGHTERS CHARITY FUND INC: $20,000 · Philanthropy
Other$3,207,918Health$1,335,450Education$1,159,106Public Safety & Disaster$705,000Human Services$670,997Housing & Shelter$660,000Philanthropy$583,500

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 budgetHillsborough Education Foundation Inc: $592,296 over 3y, 4.8% of budgetHabitat for Humanity of Florida Inc: $500,000 over 1y, 13% of budgetHeroes of the St Pete Police and Fire Resue Inc: $360,000 over 1y, 100% of budgetTEAM RUBICON INC: $300,000 over 2y, 0.5% of budgetAmerican Heart Association Inc: $268,500 over 6y, 0.0% of budgetTHE V FOUNDATION: $230,000 over 5y, 0.1% of budgetTAMPA METROPOLITAN AREA YOUNG MEN'S CHRISTIAN ASSOCIATION INC: $225,397 over 1y, 0.4% of budgetPINELLAS COUNTY EDUCATION FOUNDATION INC: $200,000 over 1y, 2.2% of budgetLYNN SOWERS MEMORIAL FOUNDATION INC: $150,000 over 1y, 66% of budgetPASCO EDUCATION FOUNDATION INC: $140,000 over 1y, 6.6% of budgetH LEE MOFFITT CANCER CENTER & RESEARCH INSTITUTE FOUNDATION INC: $137,500 over 4y, 0.2% of budgetMETROPOLITAN MINISTRIES INC: $137,000 over 4y, 0.1% of budgetPINELLAS COUNTY SHERIFFS OFFICE FOUNDATION INC: $120,000 over 1y, 33% of budgetFEEDING AMERICA TAMPA BAY INC: $112,500 over 3y, 0.0% of budgetJUNIOR ACHIEVEMENT OF TAMPA BAY INC: $104,843 over 6y, 0.5% of budgetUSA HOCKEY FOUNDATION: $100,000 over 1y, 0.5% of budgetHumane Society of Tampa Bay Inc: $91,500 over 5y, 0.1% of budgetCOMMUNITY FOUNDATION OF TAMPA BAY INC: $88,500 over 4y, 0.1% of budgetTHE TAMPA BAY HISTORY CENTER: $87,500 over 5y, 0.9% of budgetRONALD MCDONALD HOUSE CHARITIES OF TAMPA BAY INC: $81,000 over 4y, 0.5% of budgetUniversity of South Florida Foundation Inc: $80,000 over 1y, 0.1% of budgetGULF COAST JEWISH FAMILY AND COMMUNITY SERVICES INC: $77,500 over 2y, 0.1% of budgetLowry Park Zoological Society of Tampa Inc: $77,500 over 4y, 0.2% of budgetTHE CRISIS CENTER OF TAMPA BAY INC: $75,000 over 3y, 0.2% of budgetTAMPA BAY THRIVES INC: $70,000 over 2y, 2.6% of budgetSoutheastern Guide Dogs Inc: $70,000 over 3y, 0.2% of budgetHabitat for Humanity of Pinellas County Inc & Subsidiaries: $69,250 over 3y, 0.1% of budgetA KID'S PLACE OF TAMPA BAY INC: $65,000 over 2y, 0.6% of budgetMUSEUM OF SCIENCE & INDUSTRY INC: $61,550 over 4y, 0.6% of budgetMeals on Wheels of Tampa Inc: $60,000 over 2y, 0.8% of budgetLEARNING INDEPENDENCE FOR TOMORROW INC: $57,500 over 2y, 1.0% of budgetGREATER TAMPA CHAMBER OF COMMERCE INC: $53,250 over 5y, 0.5% of budgetEND 68 HOURS OF HUNGER: $50,000 over 1y, 2.4% of budgetWARRICK DUNN CHARITIES INC: $50,000 over 1y, 5.4% of budgetCAMELOT COMMUNITY CARE INC: $50,000 over 1y, 0.0% of budgetREADY FOR LIFE INC: $50,000 over 1y, 4.7% of budgetHOMES FOR OUR TROOPS INC: $50,000 over 1y, 0.1% of budgetSPECIAL OPERATIONS WARRIOR FOUNDATION: $50,000 over 1y, 0.1% of budgetTHE ARC NATURE COAST INC: $50,000 over 1y, 0.7% of budgetHABITAT FOR HUMANITY OF HILLSBOROUGH COUNTY FLORIDA: $50,000 over 1y, 0.5% of budgetCORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC: $50,000 over 1y, 0.5% of budgetPOLICE ATHLETIC LEAGUE OF TAMPA INC: $50,000 over 1y, 65% of budgetRISE TAMPA OUR POLICE FOUNDATION INC: $45,000 over 2y, 5.9% of budgetPOSITIVE COACHING ALLIANCE: $43,500 over 1y, 0.5% of budgetBLOOD CANCER UNITED INC: $42,500 over 4y, 0.0% of budgetAMERICAN CANCER SOCIETY INC: $40,000 over 2y, 0.0% of budgetTHE TAMPA THEATRE INC A/K/A TAMPA THEATRE FOUNDATION: $39,100 over 4y, 0.3% of budgetIDEA Public Schools: $30,000 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Vinik Family Foundati…Community Foundation …Suncoast Credit Union…Rays Baseball Foundat…Debartolo Family Foun…Publix Super Markets …Pinellas Community Fo…Blue Cross Blue Shiel…The Florida Medical C…Frank E Duckwall Foun…The Spurlino Foundati…United Way Suncoast I…
Vinik Family FoundationFL89.2× affinity42 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Vinik Family Foundation · Community Foundation of Tampa Bay Inc · Suncoast Credit Union Foundation · Rays Baseball Foundation Inc · Debartolo Family Foundation Inc · Publix Super Markets Charities Inc · Pinellas Community Foundation · Blue Cross Blue Shield of Florida Foundation · The Florida Medical Clinic Foundation of Caring Inc · Frank E Duckwall Foundation · The Spurlino Foundation · United Way Suncoast 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 Lightning Foundation funds: left to right is the share of its income from government, bottom to top the share from Lightning Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 410%5%19%42%75%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 1%
  • University Area Community Development Corporation Inc: 100% of income from government
  • Corporation to Develop Communities of Tampa Inc: 37% of income from government
  • The Spring of Tampa Bay Inc: 33% of income from government
  • Gulf Coast Jewish Family and Community Services Inc: 15% of income from government
  • Greater Tampa Bay Area Council Inc Boy Scouts of America: 8% of income from government
  • New Life Village Inc: 7% of income from government
  • The Crisis Center of Tampa Bay Inc: 6% of income from government
  • Tampa Metropolitan Area Young Men's Christian Association Inc: 4% of income from government
  • Academy Prep Center of Tampa Inc: 3% of income from government
  • Feeding America Tampa Bay Inc: 2% of income from government
  • The Poynter Institute for Media Studies Inc: 1% of income from government
  • Lowry Park Zoological Society of Tampa Inc: 0% of income from government
  • Southeastern Guide Dogs Inc: 0% of income from government
  • Metropolitan Ministries Inc: 0% of income from government
  • Camelot Community Care Inc: 0% of income from government
  • Pasco Education Foundation Inc: 0% of income from government
  • Junior Achievement of Tampa Bay Inc: 0% of income from government
  • Tampa Museum of Art Inc: 0% of income from government
  • The Arc Nature Coast Inc: 0% of income from government
  • Macdonald Training Center Inc: 0% of income from government
  • The Florida Aquarium Inc: 0% of income from government
no gov moneyreceives it· size = income
41get no government money at all
23report government grants on their 990 we could not trace to a source (not plotted)
1rely 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 Lightning Foundation?

Find your warmest path to Lightning 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 125 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Lightning’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