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Nextfifty Initiative D/B/A Next50 at a glance

· Private foundation

Nextfifty Initiative D/B/A Next50

Its FY2025 filing reports that it accepted unsolicited grant applications.

$9.7M
Granted FY2025still arriving
134
Grants FY2025still arriving
20
States reached
$260k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
0199% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Human Services$17MHealth$12MEducation$5.2MHousing & Shelter$4.3MCommunity Improvement$3.7MFood & Nutrition$2.1MPhilanthropy$1.9MArts & Culture$1.8MOther$0
02FY2025 · 134 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k22 grants · $101k
  • $10k–50k23 grants · $569k
  • $50k–250k86 grants · $8.2M
  • $250k+3 grants · $760k
$50,000
Median grant
20
States reached
$291M
Total assets
Largest grants
RecipientAmount
GRANTMAKERS IN AGING$260,000
ROCKY MOUNTAIN EMPLOYEE OWNERSHIP CENTER$250,000
COLORADO DEPARTMENT OF PUBLIC HEALTH AND ENVIRONMENT$250,000
JUSTICE AND MERCY LEGAL AID CENTER$212,500
ALMOST HOME INC$200,000
HOPE RENOVATIONS$180,000
THE BELL POLICY CENTER$170,800
TREEHOUSE FOUNDATION$165,000
APPALACHIAN VOICES$150,000
DENVER INDIAN CENTER$150,000
GRAND COUNTY RURAL HEALTH NETWORK$150,000
CENTER FOR EMPLOYMENT OPPORTUNITIES INC$150,000
ENERGY RESOURCE CENTER$150,000
VIVEWELLNESS$150,000
ITNAMERICA$150,000
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, $14.1M) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 78% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%TREEHOUSE FOUNDATION: $165k → 12%JEWISH FAMILY AND CHILDRENS SERVICE OF GREATER PHILADELPHIA: $260k → 22%DOWNTOWN WOMEN'S CENTER: $100k → 14%FRESNO ECONOMIC OPPORTUNITIES COMMISSION: $100k → 19%SENIOR'S RESOURCE CENTER: $1.2M → 12%GENPRIDE: $115k → 9%PENINSULA AGENCY ON AGING INC: $100k → 17%LORI'S HANDS: $92k → 10%INTERCULTURAL SENIOR CENTER: $100k → 12%SENIOR'S RESOURCE CENTER: $1.2M → 12%PUEBLO COOPERATIVE CARE CENTER: $110k → 15%FSL PROGRAMS: $250k → 11%HUDSON GUILD: $150k → 17%CAPITOL HILL VILLAGE: $150k → 14%SENIOR'S RESOURCE CENTER: $120k → 12%JEWISH FAMILY SERVICE SEATTLE: $100k → 9%GRANTMAKERS IN AGING: $260k → 7%AMERICAN SOCIETY ON AGING: $600k → 10%CENTER FOR INDEPENDENCE: $130k → 11%HOMEWARD ALLIANCE: $150k → 11%LA ALIANZA HISPANA INC: $100k → 16%SHALOM PARK: $100k → 8%SISTER CARMEN COMMUNITY CENTER: $100k → 12%DENVER INDIAN CENTER: $150k → 12%LA ALIANZA HISPANA INC: $100k → 16%HARTLEY HOUSE: $100k → 17%DENVER INDIAN CENTER: $150k → 12%SSAI - CENTER FOR WORKFORCE INCLUSION: $150k → 8%LA ALIANZA HISPANA INC: $100k → 16%COMMUNITY CONNECTIONS: $150k → 12%DENVER INDIAN CENTER: $150k → 12%SOUTHWEST IMPROVEMENT COUNCIL: $100k → 12%LENOX HILL NEIGHBORHOOD HOUSE: $150k → 17%PROJECT WORTHMORE: $149k → 8%PROJECT WORTHMORE: $100k → 8%ASIAN PACIFIC DEVELOPMENT CENTER: $98k → 8%SECOND CHANCE CENTER INC: $229k → 10%SECOND CHANCE CENTER: $150k → 10%SECOND CHANCE CENTER: $125k → 10%CENTER FOR PEOPLE WITH DISABILITIES: $125k → 12%SPRINGS RESCUE MISSION: $136k → 9%FOCUS POINTS FAMILY RESOURCE CENTER: $200k → 12%SPRINGS RESCUE MISSION: $100k → 9%SILVER KEY SENIOR SERVICES: $150k → 9%SILVER KEY SENIOR SERVICES: $100k → 9%SENIOR SUPPORT SERVICES: $100k → 12%SILVER KEY SENIOR SERVICES: $90k → 9%A LITTLE HELP: $175k → 12%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
NH
WA
ID
MN
IL
WI
MI
NY
MA
OR
NV
WY
IA
OH
PA
NJ
CT
CA
UT
CO
NE
MO
VA
MD
DE
AZ
NM
KS
TN
NC
SC
DC
HI
OK
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.

60%of every dollar goes to organizations it has funded before.
$38M · 208 repeat orgs$26M to everyone else

Grantees it renews have grown median revenue +26% since the first grant, against +16% for those funded once.

208 repeat relationships: 68 still active in FY2025, 140 since wound down; 65 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

208
373

Total granted

$38M
$21M

Median revenue growth · since first grant

+26%
+16%

Still filing today

82%
57%

New vs renewed · share of each year

In FY2025, 52% of grant dollars renewed an existing relationship; $4.6M went to new ones.

50%100%’17’19’20’21’22’23’24’25
RenewedFirst-time

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

’17’19’20’21’22’23’24’25
Human ServicesHealthArts & CultureCommunity ImprovementEducationHousing & 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

  • OA
    Older Adults Technology Services
    2× · 2019–2021 · $1.2M · revenue +183%
  • I
    ITNAMERICA
    4× · 2022–2025 · $700k · revenue +4%
  • ER
    ENERGY RESOURCE CENTER
    3× · 2020–2025 · $667k · revenue +76%

Funded once

  • OF
    ONE FAMILY FOUNDATION
    one grant, 2024 · $500k
  • CC
    CATHOLIC CHARITIES AND COMMUNITY SERVICES
    one grant, 2024 · $300k
  • UA
    UCCS AGING CENTER
    one grant, 2019 · $290k
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
Colorado Springs Independence Center

We work with people with disabilities, their families and the community to create independence so that all may thrive.

Human Services
2
Leadingage Colorado

The mission of leadingage colorado is to foster a collaborative network that leads, advocates, and shares knowledge to promote a healthy business environment for members.

Community Improvement
3
Council of Preventive & Supportive Services for Aging Inc

To provide nutrition services for the benefit of elderly in southern colorado.

—
4
Connections for Independent Living

To promote the full inclusion and integration of people with all types of disabilities into all levels of society.

—
5
San Juan Basin Area Agency On Aging Incorporated

San juan basin area agency on aging is dedicated to serving elderly residents (over age 60) throughout southwest colorado in accordance with the administration on aging, providing advocacy, and planning and delivering essential services,…

—
6
Adult Care Management Inc

The mission of adult care management, inc. (acmi) is to enable the elderly, the chronically ill and persons with disabilities to maintain their lifestyle and dignity through care management. acmi provides functional evaluations of…

Human Services
7
Mesa County Rsvp Inc

Serving the community by utilizing the skills of senior volunteers and placing them in rewarding opportunities.

Philanthropy
8
Summit Community Care Clinic Inc

Provide exceptional, integrated, patient-centered health care services designed to meet the needs of all patients, particularly those who experience barriers to accessing care, regardless of their ability to pay.

Health
9
Healthier Colorado

Healthier colorado is a nonpartisan, nonprofit organization dedicated to raising the voices of coloradans in the public policy process to improve the health of our state's residents. we believe that every coloradan should have a fair…

Health
10
Aia Colorado

AIA Colorado,is the voice of the architecture profession in Colorado. Through advocacy, leadership development, education and resources for architects, the organization supports architecture professionals in designing a better world where…

—
11
Colorado Nonprofit Association

Colorado nonprofit association strengthens colorado's nonprofits through education, connection and advocacy.

Community Improvement
12
Hospice of Metro Denver Inc

To encircle those facing advanced illness with unprecedented levels of comfort, compassion, and expertise.

Human Services
How this is measured
The grantee most central to the portfolio’s shape is Northwest Colorado Visiting Nurse Association; the most unlike its peers is Lets Dance Activities. 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

429 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. 429 of the 652 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.

21
Load-bearing (≥25% of a budget)
99
Early backer (in before they grew)
419/429
Grantees still filing
277/429
Grew since first funded

Where the money sits, by cause and then by grantee

THE BELL POLICY CENTER: $832,446 · Other+101 more: $21,284,138 · Other+101 moreSENIORS' RESOURCE CENTER INC: $2,520,000 · Human ServicesSENIORS' RESOURCE CENTER I…AMERICAN SOCIETY ON AGING: $610,000 · Human ServicesAMERICAN SOCIETY ON AGINGSecond Chance Center Inc: $503,900 · Human ServicesDENVER INDIAN CENTER INC: $459,495 · Human ServicesA LITTLE HELP: $442,483 · Human ServicesHOMEWARD ALLIANCE INC: $387,500 · Human ServicesTHE CENTER FOR PEOPLE WITH DISABILITIES: $368,000 · Human Services+33 more: $5,705,195 · Human Services+33 moreGRAND COUNTY RURAL HEALTH NETWORK INC: $300,000 · HealthCOLORADO RURAL HEALTH CENTER: $269,402 · HealthMENTAL HEALTH ASSOCIATION OF MARYLAND INC: $250,000 · HealthMAB COMMUNITY SERVICES INC: $250,000 · HealthVISITING ANCILLARY SERVICES INC: $235,000 · HealthCOLORADO HEALTH NETWORK INC: $211,085 · HealthDOMINICAN HOME HEALTH AGENCY INC: $194,088 · HealthBOULDER COUNTY AIDS PROJECT: $185,000 · HealthDENTAL LIFELINE NETWORK: $183,000 · HealthNORTHWEST COLORADO VISITING NURSE ASSOCIATION: $161,628 · HealthPARKINSON ASSOCIATION OF THE ROCKIES: $155,000 · HealthPROJECT ANGEL FOOD: $150,000 · HealthNATIONAL ACADEMY OF SOCIAL INSURANCE: $150,000 · HealthVISITING NURSE SERVICES IN WESTCHESTER INC: $135,000 · HealthHIV CARE LINK: $123,000 · Health+7 more: $728,049 · HealthOlder Adults Technology Services: $1,185,000 · EducationITNAMERICA: $700,000 · EducationUNIVERSITY OF DENVER: $306,893 · EducationBENEFITS DATA TRUST: $250,000 · EducationNorthwest Colorado Center for Independence Inc: $237,500 · EducationTrustees of Tufts College: $190,000 · EducationDENVER PUBLIC LIBRARY FRIENDS FOUNDATION: $187,595 · EducationMOUNT SAINT MARY'S UNIVERSITY: $150,000 · EducationUNIVERSITY OF COLORADO FOUNDATION: $143,750 · EducationUNIVERSIDAD DEL SAGRADO CORAZON INC: $116,042 · EducationENERGY RESOURCE CENTER: $667,455 · Housing & ShelterBROTHERS REDEVELOPMENT INC: $562,000 · Housing & ShelterAlmost Home Inc: $400,000 · Housing & ShelterHOMEWARD BOUND OF THE GRAND VALLEY: $302,965 · Housing & ShelterLEADINGAGE INC: $250,000 · Housing & ShelterLA VETA VILLAGE INC: $185,000 · Housing & ShelterPOSADA: $150,000 · Housing & ShelterFUEL FUND OF MARYLAND INC: $150,000 · Housing & ShelterINDIA HOME INC: $141,400 · Housing & ShelterSouthwest Center for Independence Inc: $120,000 · Housing & ShelterNATIONAL CIVIC LEAGUE: $390,059 · Community ImprovementCenter for African American Health: $345,000 · Community ImprovementMISSION ST LOUIS: $338,117 · Community ImprovementTHE COLORADO NONPROFIT DEVELOPMENT CENTER: $329,863 · Community ImprovementROCKY MOUNTAIN EMPLOYEE OWNERSHIP CENTER: $250,000 · Community ImprovementMOUNTAIN RESOURCE CENTER: $182,679 · Community ImprovementSAFE AND HEALTHY COMMUNITIES: $177,800 · Community ImprovementPROJECT ANGEL HEART: $173,175 · Community ImprovementCONSUMER TECHNOLOGY ASSOCIATION FOUNDATION: $160,000 · Community ImprovementTHE LADIES OF HOPE MINISTRIES INC: $140,000 · Community ImprovementTOWN OF BRISTOL IMPROVEMENTS BOARD: $100,000 · Community ImprovementCWI LABS INC: $562,500 · EmploymentBAYAUD ENTERPRISES INC: $196,225 · EmploymentHOPE RENOVATIONS SPENCER: $180,000 · EmploymentCENTER FOR EMPLOYMENT OPPORTUNITIES INC: $150,000 · EmploymentCOLORADO CENTER FOR NURSING EXCELLE: $136,415 · Employment
Other$22,116,584Human Services$10,996,573Health$3,680,252Education$3,466,780Housing & Shelter$2,928,820Community Improvement$2,586,693Employment$1,225,140

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%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetSENIORS' RESOURCE CENTER INC: $2,520,000 over 2y, 18% of budgetOlder Adults Technology Services: $1,185,000 over 2y, 13% of budgetTHE BELL POLICY CENTER: $832,446 over 6y, 14% of budgetITNAMERICA: $700,000 over 4y, 15% of budgetCOLORADO GERONTOLOGICAL SOCIETY: $685,180 over 6y, 12% of budgetENERGY RESOURCE CENTER: $667,455 over 3y, 1.9% of budgetAMERICAN SOCIETY ON AGING: $610,000 over 2y, 13% of budgetColorado Latino Leadership Advocacy & Research Organization: $595,000 over 3y, 23% of budgetBROTHERS REDEVELOPMENT INC: $562,000 over 6y, 1.0% of budgetCOLORADO CROSS DISABILITY COALITION: $550,000 over 4y, 11% of budgetSecond Chance Center Inc: $503,900 over 3y, 2.6% of budgetVive: $500,000 over 4y, 11% of budgetCOLORADO CONSUMER HEALTH INITIATIVE: $498,545 over 4y, 11% of budgetDENVER INDIAN CENTER INC: $459,495 over 4y, 6.6% of budgetA LITTLE HELP: $442,483 over 5y, 17% of budgetRose Community Foundation: $425,000 over 2y, 1.4% of budgetJUSTICE AND MERCY LEGAL AID CENTER: $412,500 over 3y, 8.6% of budgetAlmost Home Inc: $400,000 over 2y, 3.9% of budgetNATIONAL CIVIC LEAGUE: $390,059 over 2y, 24% of budgetHOMEWARD ALLIANCE INC: $387,500 over 4y, 3.4% of budgetMOUNT EVANS HOSPICE INC DBA MOUNT EVANS HOME HEALTH CARE AND HOS: $375,000 over 5y, 1.4% of budgetTHE CENTER FOR PEOPLE WITH DISABILITIES: $368,000 over 5y, 3.5% of budgetSILVER KEY SENIOR SERVICES INC: $365,000 over 3y, 2.5% of budgetCenter for African American Health: $345,000 over 4y, 3.3% of budgetINTERFAITH WORKS OF CENTRAL NEW YORK: $344,759 over 3y, 2.3% of budgetMISSION ST LOUIS: $338,117 over 2y, 3.5% of budgetTHE COLORADO NONPROFIT DEVELOPMENT CENTER: $329,863 over 2y, 1.0% of budgetPROJECT WORTHMORE: $313,427 over 4y, 4.1% of budgetUNIVERSITY OF DENVER: $306,893 over 2y, 0.0% of budgetHOMEWARD BOUND OF THE GRAND VALLEY: $302,965 over 4y, 4.1% of budgetSPRING INSTITUTE FOR INTERCULTURAL LEARNING: $301,193 over 4y, 3.0% of budgetLA ALIANZA HISPANA INC: $300,000 over 3y, 5.4% of budgetGRAND COUNTY RURAL HEALTH NETWORK INC: $300,000 over 4y, 10% of budgetTHE SENIOR HUB INC: $293,900 over 3y, 7.5% of budgetGRANTMAKERS IN AGING INC: $290,000 over 2y, 1.9% of budgetUSAGING: $272,023 over 2y, 0.5% of budgetCOLORADO RURAL HEALTH CENTER: $269,402 over 2y, 8.9% of budgetJEWISH FAMILY & CHILDREN'S SERVICE OF GREATER PHILADELPHIA: $260,000 over 1y, 2.2% of budgetBOULDER FOOD RESCUE: $252,875 over 4y, 4.7% of budgetNATIONAL ACADEMY OF SCIENCES: $250,000 over 1y, 0.1% of budgetROCKY MOUNTAIN EMPLOYEE OWNERSHIP CENTER: $250,000 over 1y, 16% of budgetFSL PROGRAMS: $250,000 over 1y, 1.6% of budgetBENEFITS DATA TRUST: $250,000 over 1y, 0.9% of budgetMENTAL HEALTH ASSOCIATION OF MARYLAND INC: $250,000 over 2y, 5.4% of budgetLEADINGAGE INC: $250,000 over 2y, 0.6% of budgetMAB COMMUNITY SERVICES INC: $250,000 over 1y, 0.8% of budgetNorthwest Colorado Center for Independence Inc: $237,500 over 4y, 6.2% of budgetTHE SPRINGS RESCUE MISSION: $236,000 over 2y, 0.9% 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.

Anschutz Family Found…The Colorado Health F…El Pomar FoundationColorado Gives Founda…Caring for Colorado F…Rose Community Founda…Rocky Mountain Health…The Colorado TrustThe Denver FoundationDaniels FundTrailhead InstituteCaring for Colorado C…
Anschutz Family FoundationCO136.4× affinity92 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Anschutz Family Foundation · The Colorado Health Foundation · El Pomar Foundation · Colorado Gives Foundation · Caring for Colorado Foundation · Rose Community Foundation · Rocky Mountain Health Foundation · The Colorado Trust · The Denver Foundation · Daniels Fund · Trailhead Institute · Caring for Colorado Centennial Fund

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 Nextfifty Initiative D/B/A Next50 funds: left to right is the share of its income from government, bottom to top the share from Nextfifty Initiative D/B/A Next50. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 30%6%25%56%100%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 41%
  • Cwi Works Inc: 100% of income from government
  • Easter Seals of Oregon: 77% of income from government
  • Mab Community Services Inc: 69% of income from government
  • La Alianza Hispana Inc: 41% of income from government
  • Partners in Care Maryland Inc: 40% of income from government
  • Trustees of Tufts College: 13% of income from government
  • Lori's Hands Inc: 1% of income from government
no gov moneyreceives it· size = income
3get no government money at all
98report government grants on their 990 we could not trace to a source (not plotted)
3rely 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 Nextfifty Initiative D/B/A Next50?

Find your warmest path to Nextfifty Initiative D/B/A Next50 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 652 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 Nextfifty Initiative D/B/A Next50’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