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Nonprofit Finance Fund at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

Nonprofit Finance Fund

NONPROFIT FINANCE FUND is a nonprofit lender, consultant, and advocate.

$1.1M
Granted FY2024still arriving
26
Grants FY2024still arriving
2
States reached
$100k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
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 2024.

Community Improvement$4.1MHealth$1.6MHuman Services$1.2MHousing & Shelter$1.1MPublic Benefit$1.1MEmployment$962kArts & Culture$943kFood & Nutrition$685kOther$0
02FY2024 · 26 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • $10k–50k15 grants · $375k
  • $50k–250k11 grants · $700k
$25,000
Median grant
2
States reached
$260M
Total assets
Largest grants
RecipientAmount
RUTGERS THE STATE U-FEB 2024$100,000
PLASHAN MCCUNE$100,000
THE ROAD CALLED STRATE$100,000
NEWARK TRUST FOR EDUCATION INC$50,000
UNITED WAY OF GREATER NEWARK$50,000
BURMESE ROHINGYA ASSOCIATION USA$50,000
NEWARK ARTS COUNCIL$50,000
YOUTHBUILD NEWARK INC$50,000
MOYO NGUVU CULTUREAL ARTS CENTER$50,000
JUNTOS COMMUNITY$50,000
NEWARK ALLIANCE INC$50,000
BREANN DONNELLY$25,000
EL CENTRO AMISTAD$25,000
FULL CIRCLE RESTORATIVE JUSTICE$25,000
MUTUAL AID PARTNERS$25,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–24, $2.6M) land where the poverty rate runs at 14%, against an area that typically sits at 10%. 67% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%ALONG THE WAY INC: $30k → 7%THERESA PETTAWAY: $30k → 10%INTERFACE CHILDREN AND FAMILY SERVICES: $105k → 10%THE ILLUMINATION FOUNDATION: $10k → 10%OCEAN PARK COMMUNITY CENTER DBA THE PEOPLE CONCERN: $13k → 14%AFRICAN REFUGE INC: $13k → 11%MEKONG INC: $13k → 28%ENDING COMMUNITY HOMELESSNNESS COALITION: $235k → 10%WISCONSIN ALLIANCE FOR INFANT MENTAL HEALTH INC: $10k → 10%PLASHAN MCCUNE: $100k → 8%EL CENTRO AMISTAD: $25k → 12%LA CASA DE DON PEDRO: $105k → 16%THOMAS JEFFERSON AREA COALITION FOR THE HOMELESS: $83k → 8%MACC ALLIANCE OF CONNECTED COMMUNITIES: $83k → 11%INTERFACE CHILDREN AND FAMILY SERVICES: $85k → 10%ENDING COMMUNITY HOMELESSNNESS COALITION: $85k → 10%PLASHAN MCCUNE: $50k → 8%EL CENTRO AMISTAD: $25k → 12%LA CASA DE DON PEDRO: $85k → 16%THOMAS JEFFERSON AREA COALITION FOR THE HOMELESS: $40k → 8%METROPOLITAN ALLIANCE OF CONNECTED COMMUNITES: $40k → 11%PROJECT HOME: $197k → 22%UNA MANO UNA ESPERANZA: $25k → 12%SOCIAL FINANCE INC: $113k → 16%FOSTERING CHANGE FOR CHILDREN: $13k → 20%UNA MANO UNA ESPERANZA: $25k → 12%LA CASA DE DON PEDRO INC: $55k → 16%SOCIAL FINANCE INC: $100k → 16%PROJECT HOME: $28k → 22%BROADWAY ADVOCACY COALITION: $19k → 17%URBAN LEAGUE OF ESSEX COUNTY: $110k → 16%EL GRUPO VIDA INC: $25k → 12%URBAN LEAGUE OF ESSEX COUNTY: $55k → 16%SPECIAL SERVICE FOR GROUPS INC (SSG): $13k → 14%UNIFIED VAILSBURG SERVICES ORGANIZATION: $135k → 16%EL GRUPO VIDA INC: $25k → 12%UNIFIED VAILSBURG SERVICES ORGANIZATION: $77k → 16%UNIFIED VAILSBURG SERVICES ORGANIZATION: $55k → 16%NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE INC: $125k → 16%ADVOCATES FOR CHILDREN OF NEW JERSEY: $105k → 16%NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE INC: $35k → 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

AK
WA
MN
IL
WI
MI
NY
MA
PA
NJ
RI
CA
UT
CO
KY
VA
MD
AZ
TN
SC
OK
AL
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.

74%of every dollar goes to organizations it has funded before.
$10M · 59 repeat orgs$3.5M to everyone else

Grantees it renews have grown median revenue +67% since the first grant, against +32% for those funded once.

59 repeat relationships: 25 still active in FY2024, 34 since wound down; 1 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

59
78

Total granted

$10M
$3.5M

Median revenue growth · since first grant

+67%
+32%

Still filing today

88%
79%

New vs renewed · share of each year

In FY2024, 95% of grant dollars renewed an existing relationship; $50k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

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

’17’18’19’20’21’22’23’24
Human ServicesCommunity ImprovementEducationHealthArts & CultureYouth DevelopmentOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • TS
    THIRD SECTOR CAPITAL PARTNERS INC
    2× · 2017–2018 · $1.4M · revenue +72%
  • BME NETWORKS INC
    3× · 2019–2022 · $765k · revenue +35%
  • MO
    MEALS ON WHEELS AMERICA
    2× · 2017–2018 · $493k · revenue +329%

Funded once

  • AN
    AMERICAN NONPROFITS INCgraduated
    one grant, 2021 · $332k · revenue +80% · 94% of their budget
  • CV
    COMMUNITY VISION CAPITAL & CONSULTING
    one grant, 2021 · $233k · revenue +19%
  • AN
    ARS NOVA WORKSHOP INCgraduated
    one grant, 2017 · $180k · revenue +32%
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
Mid-City Community Advocacy Network

Mid-city community advocacy network works to build a safe, productive, and healthy community for the residents of city heights and greater san diego through collaboration, advocacy, and organizing.

Community Improvement
2
Jobs with Justice San Francisco

A long-term, strategic alliance of labor, community, faith-based, and student organizations working together to build greater economic power for workers and community members through employee rights at work and access to good jobs,…

Employment
3
African Com Public Health Coalition

To improve personal and community health and wellness within the african community by increasing the availability of culturally relevant physical and mental health services.

Health
4
Cityworks Dc

Our mission is to dramatically improve the early career outcomes of dc youth and young adults of color by creating innovative programs and by mobilizing employers, educators, and city leaders to create a local, diverse talent pipeline. our…

Education
5
Children's Council of San Francisco

By advocating for quality early care and education, empowering families with information and financial support, and building the capabilities of educators, Children's Council of San Francisco ensures that every child in San Francisco has…

Human Services
6
Coop Careers Inc

Building a movement of diverse, upwardly mobile college grads overcoming underemployment through digital skills and peer connections.

Education
7
Los Angeles Black Worker Center

The mission of the Los Angeles Black Worker Center is to increase access to quality jobs, reduce employment discrimination, and improve industries that employ black workers through action and unionization.

Employment
8
Inclusive Communities Project

Promote fair and affordable housing for low income families, free from the vestiges of segregation and discrimination.

Housing & Shelter
9
United Way of Greater Philadelphia and Southern New Jersey

United way's mission is to end intergenerational poverty in our region by harnessing, leveraging and strategically investing the collective power of donors, advocates and volunteers, to help individuals and families break the cycle of…

Philanthropy
10
CommonHealth Action

CommonHealth ACTION develops people and organizations to produce health through equitable policies, programs, and practices.

Health
11
Alternatives Inc

Alternatives, inc.'s mission is to facilitate personal development,strengthen family relationships and enhance the community's well being. serving over 3,000 youth and families annually, the organization offers a range of counseling and…

Health
12
Initiative for a Competitive Inner City Inc

Icic drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.

Housing & Shelter
How this is measured
The grantee most central to the portfolio’s shape is South Ward Alliance; the most unlike its peers is Belmont Alliance Civic Association. 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

119 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 119 of the 139 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.

5
Load-bearing (≥25% of a budget)
42
Early backer (in before they grew)
116/119
Grantees still filing
88/119
Grew since first funded

Where the money sits, by cause and then by grantee

Ending Community Homelessness Coalition Inc: $320,362 · Human ServicesEnding Community Home…UNIFIED VAILSBURG SERVICES ORGANIZATION: $266,500 · Human ServicesUNIFIED VAILSBURG SER…La Casa De Don Pedro Inc: $245,000 · Human ServicesLa Casa De Don Pedro …PROJECT HOME: $225,000 · Human ServicesPROJECT HOMESocial Finance Inc: $213,366 · Human ServicesSocial Finance IncInterface Children Family Services: $190,407 · Human ServicesInterface Children Fa…URBAN LEAGUE OF ESSEX COUNTY: $165,000 · Human ServicesURBAN LEAGUE OF ESSEX…THE NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE INC: $160,000 · Human ServicesTHE NEW JERSEY INSTIT…HIGHER LEARNING U INC: $150,000 · Human ServicesHIGHER LEARNING U INCBLUE RIDGE AREA COALITION FOR THE HOMELESS: $123,333 · Human ServicesMetropolitan Alliance of Connected Communities: $123,333 · Human ServicesADVOCATES FOR CHILDREN OF NEW JERSEY: $105,000 · Human Services+14 more: $364,666 · Human Services+14 moreSLCO PFS 1 INC: $250,000 · OtherSLCO PFS 1 INCNEWARK ARTS COUNCIL: $241,500 · OtherAlameda County Board of Supervisors: $220,567 · OtherRUTGERS THE STATE UNIVERSITY: $201,500 · OtherGREEN AND HEALTHY HOMES INITATIVE: $181,098 · OtherCOUNTY OF VENTURA-AUDITOR: $170,504 · OtherNewark Trust for Education Inc: $163,500 · OtherAMERICAN NONPROFITS INC: $332,133 · OtherAMERICAN NONPROFITS INCTHE BOYS & GIRLS CLUBS OF NEWARK INC: $201,500 · OtherABODE SERVICES: $245,000 · OtherINSTITUTE FOR CHILD SUCCESS INC: $238,802 · OtherCENTER FOR EMPLOYMENT OPPORTUNITIES INC: $230,000 · Other+58 more: $1,978,421 · Other+58 moreBME NETWORKS INC: $765,000 · Community ImprovementBME NETWORKS INCCOMMUNITY VISION CAPITAL & CONSULTING: $232,533 · Community ImprovementCOMMUNITY VISION CA…GREATER NEWARK ENTERPRISES CORP: $205,000 · Community ImprovementGREATER NEWARK ENTE…HISPANIC FEDERATION INC: $180,000 · Community ImprovementHISPANIC FEDERATION…CITIZENS COMMITTEE FOR NEW YORK CITY INC: $180,000 · Community ImprovementCITIZENS COMMITTEE …LINCOLN PARK COAST CULTURAL DISTRICT INC: $165,000 · Community ImprovementLINCOLN PARK COAST …COMMUNITY REINVESTMENT FUND INC: $130,000 · Community ImprovementCOMMUNITY REINVESTM…CALVERT IMPACT CAPITAL INC: $130,000 · Community ImprovementCALVERT IMPACT CAPI…COMMUNITY PARTNERS: $105,665 · Community Improvement+7 more: $280,160 · Community Improvement+7 moreTHIRD SECTOR CAPITAL PARTNERS INC: $1,358,383 · Public BenefitTHIRD SECTOR CAP…CAPITAL IMPACT PARTNERS: $400,000 · Public BenefitCAPITAL IMPACT P…Leadership Newark Inc: $201,700 · Public BenefitLeadership Newar…+2 more: $79,441 · Public BenefitNEWARK PERFORMING ARTS CORPORATION: $186,500 · Arts & CultureNEWARK PUBLIC RADIO INC: $186,500 · Arts & CultureARS NOVA WORKSHOP INC: $180,429 · Arts & CultureTHE NEWARK MUSEUM ASSOCIATION: $135,000 · Arts & CultureMOYO NGUVU CULTURAL ART CENTER INC: $100,000 · Arts & CultureKIDS AT THEIR BEST INC: $50,000 · Arts & Culture+3 more: $40,500 · Arts & CultureMEALS ON WHEELS AMERICA: $492,604 · Food & NutritionCommunity Food Bank Of New Jersey Inc: $105,000 · Food & NutritionCALIFORNIA STATE UNIVERSITY LOS ANGELES AUXILIARY SERVICES INC: $122,030 · EducationBUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS: $120,000 · EducationVictory Project-based Academics & Competency: $50,000 · EducationFULL CIRCLE RESTORATIVE JUSTICE: $50,000 · EducationRed Wind Consulting Inc: $50,000 · EducationTREE HOUSE BOOKS: $40,000 · EducationMIGHTY WRITERS: $30,000 · Education+4 more: $39,400 · Education
Human Services$2,651,967Other$4,654,525Community Improvement$2,373,358Public Benefit$2,039,524Arts & Culture$878,929Food & Nutrition$597,604Education$501,430

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 budgetTHIRD SECTOR CAPITAL PARTNERS INC: $1,358,383 over 2y, 10% of budgetBME NETWORKS INC: $765,000 over 3y, 11% of budgetMEALS ON WHEELS AMERICA: $492,604 over 2y, 2.1% of budgetCAPITAL IMPACT PARTNERS: $400,000 over 3y, 0.4% of budgetAMERICAN NONPROFITS INC: $332,133 over 1y, 94% of budgetEnding Community Homelessness Coalition Inc: $320,362 over 2y, 7.1% of budgetUNIFIED VAILSBURG SERVICES ORGANIZATION: $266,500 over 3y, 1.5% of budgetLa Casa De Don Pedro Inc: $245,000 over 3y, 0.5% of budgetABODE SERVICES: $245,000 over 2y, 0.4% of budgetNEWARK ARTS COUNCIL: $241,500 over 4y, 9.9% of budgetINSTITUTE FOR CHILD SUCCESS INC: $238,802 over 2y, 11% of budgetCOMMUNITY VISION CAPITAL & CONSULTING: $232,533 over 1y, 1.1% of budgetCENTER FOR EMPLOYMENT OPPORTUNITIES INC: $230,000 over 2y, 0.7% of budgetPROJECT HOME: $225,000 over 2y, 0.4% of budgetSocial Finance Inc: $213,366 over 2y, 1.2% of budgetGREATER NEWARK ENTERPRISES CORP: $205,000 over 2y, 13% of budgetLeadership Newark Inc: $201,700 over 3y, 26% of budgetTHE BOYS & GIRLS CLUBS OF NEWARK INC: $201,500 over 2y, 5.2% of budgetInterface Children Family Services: $190,407 over 2y, 1.3% of budgetNEWARK PUBLIC RADIO INC: $186,500 over 2y, 2.1% of budgetHISPANIC FEDERATION INC: $180,000 over 1y, 0.4% of budgetCITIZENS COMMITTEE FOR NEW YORK CITY INC: $180,000 over 1y, 5.4% of budgetLINCOLN PARK COAST CULTURAL DISTRICT INC: $165,000 over 3y, 6.6% of budgetURBAN LEAGUE OF ESSEX COUNTY: $165,000 over 2y, 0.7% of budgetNewark Trust for Education Inc: $163,500 over 3y, 23% of budgetTHE NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE INC: $160,000 over 2y, 8.1% of budgetHIGHER LEARNING U INC: $150,000 over 2y, 66% of budgetThe Road Called Strate: $150,000 over 2y, 11% of budgetTHE NEWARK MUSEUM ASSOCIATION: $135,000 over 1y, 0.8% of budgetCOMMUNITY REINVESTMENT FUND INC: $130,000 over 1y, 0.2% of budgetCALVERT IMPACT CAPITAL INC: $130,000 over 1y, 0.6% of budgetBLUE RIDGE AREA COALITION FOR THE HOMELESS: $123,333 over 2y, 8.8% of budgetMetropolitan Alliance of Connected Communities: $123,333 over 2y, 1.7% of budgetCALIFORNIA STATE UNIVERSITY LOS ANGELES AUXILIARY SERVICES INC: $122,030 over 1y, 0.4% of budgetBUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS: $120,000 over 2y, 6.9% of budgetCOMMUNITY PARTNERS: $105,665 over 2y, 0.1% of budgetCommunity Food Bank Of New Jersey Inc: $105,000 over 1y, 0.1% of budgetADVOCATES FOR CHILDREN OF NEW JERSEY: $105,000 over 1y, 5.8% of budgetBURMESE ROHINGYA ASSOCIATION USA: $100,000 over 2y, 20% of budgetMOYO NGUVU CULTURAL ART CENTER INC: $100,000 over 2y, 41% of budgetUNITED WAY OF ESSEX & WEST HUDSON D/B/A UNITED WAY OF GREATER NEWARK: $65,000 over 2y, 3.5% of budgetYouthBuild Newark Inc: $65,000 over 2y, 0.9% of budgetNewark Alliance INC: $65,000 over 2y, 0.6% of budgetIronbound Community Corporation: $55,000 over 1y, 0.6% of budgetNew Community Corporation: $55,000 over 1y, 0.3% of budgetSOUTH WARD ALLIANCE: $55,000 over 1y, 0.9% of budgetLOCAL INITIATIVES SUPPORT CORPORATION: $55,000 over 1y, 0.0% of budgetSAN LUIS VALLEY GREAT OUTDOORS: $50,000 over 2y, 2.8% 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 Prudential Founda…Victoria Foundation I…The Colorado Health F…Community Foundation …The McJ Amelior Found…Columbia Bank Foundat…Geraldine R Dodge Fou…Pseg Foundation IncLatino Community Foun…Schumann Fund for New…Turrell FundThe Denver Foundation
The Prudential FoundationNJ57.1× affinity26 shared granteesties to 10 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Prudential Foundation · Victoria Foundation Inc · The Colorado Health Foundation · Community Foundation of New Jersey · The McJ Amelior Foundation · Columbia Bank Foundation · Geraldine R Dodge Foundation Inc · Pseg Foundation Inc · Latino Community Foundation of Colorado Inc · Schumann Fund for New Jersey Inc · Turrell Fund · The Denver 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 Nonprofit Finance Fund funds: left to right is the share of its income from government, bottom to top the share from Nonprofit Finance Fund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 80%6%25%56%100%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 20%
  • Ironbound Community Corporation: 100% of income from government
  • La Casa De Don Pedro Inc: 58% of income from government
  • South Ward Alliance: 57% of income from government
  • Newark Public Radio Inc: 51% of income from government
  • YouthBuild Newark Inc: 27% of income from government
  • Urban League of Essex County: 20% of income from government
  • Third Sector Capital Partners Inc: 16% of income from government
  • Newark Arts Council: 16% of income from government
  • Social Finance Inc: 12% of income from government
  • Newark Alliance Inc: 6% of income from government
  • New Community Corporation: 4% of income from government
  • United Way of Essex & West Hudson D/B/a United Way of Greater Newark: 2% of income from government
no gov moneyreceives it· size = income
8get no government money at all
43report government grants on their 990 we could not trace to a source (not plotted)
4rely 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.

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 139 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 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Nonprofit Finance’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