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Phillip & Edith Leonian Foundation at a glance

· Private foundation

Phillip & Edith Leonian Foundation

Its FY2025 filing reports that it accepted unsolicited grant applications.

$693k
Granted FY2025still arriving
54
Grants FY2025still arriving
13
States reached
$50k
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 2025.

Arts & Culture$4.1MYouth Development$250kCivil Rights$76kInternational$50kEnvironment$40kCommunity Improvement$40kEducation$23kPhilanthropy$18kOther$0
02FY2025 · 54 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k19 grants · $116k
  • $10k–50k34 grants · $526k
  • $50k–250k1 grant · $50k
$10,000
Median grant
13
States reached
$3.4M
Total assets
Largest grants
RecipientAmount
BRONX DOCUMENTARY CENTER$50,000
NYC SALT$30,000
FOTOFEST INTERNATIONAL$30,000
UNITED PHOTO INDUSTRIES$25,000
CENTER FOR PHOTOGRAPHY AT WOODSTOCK$25,000
WILLIAM EUGENE SMITH MEMORIAL FUND CO INTERNATIONAL CENTER FOR PHOTOGRAPHY$25,000
OREGON CENTER FOR THE PHOTOGRAPHIC ARTS-DBA BLUE SKY GALLERY$25,000
MUSEUM OF CONTEMPORARY PHOTOGRAPHY$25,000
EDDIE ADAMS WORKSHOP ORGANIZATION INC$25,000
INTERNATIONAL CENTER FOR PHOTOGRAPHY$25,000
SMITHSONIAN NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY & CULTURE$20,000
PENUMBRA FOUNDATION$15,000
STUDIO MUSEUM IN HARLEM$15,000
VISUAL STUDIES WORKSHOP$15,000
THE VII 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:

Dollar for dollar, its grants (FY17–25) land where the poverty rate runs at 17%, against an area that typically sits at 12%. 94% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 12%LIGHT WORK: $30k → 14%VISUAL STUDIES WORKSHOP: $36k → 14%CENTER FOR PHOTOGRAPHY AT WOODSTOCK: $25k → 16%EDDIE ADAMS WORKSHOP ORGANIZATION INC: $30k → 16%BRONX DOCUMENTARY CENTER: $75k → 28%OREGON CENTER FOR THE PHOTOGRAPHIC ARTS-DBA BLUE SKY GALLERY: $25k → 12%MUSEUM OF CONTEMPORARY PHOTOGRAPHY: $25k → 14%VIRGINIA CENTER FOR CREATIVE ARTS: $50k → 13%EDDIE ADAMS WORKSHOP ORGANIZATION INC: $25k → 16%BRONX DOCUMENTARY CENTER: $60k → 28%HOUSTON CENTER FOR PHOTOGRAPHY: $57k → 16%BLUE SKY: $25k → 12%MUSEUM OF CONTEMPORARY PHOTOGRAPHY: $25k → 14%CENTER FOR PHOTOGRAPHY AT WOODSTOCK: $52k → 16%EDDIE ADAMS WORKSHOP ORGANIZATION INC: $25k → 16%BRONX DOCUMENTARY CENTER: $60k → 28%HOUSTON CENTER FOR PHOTOGRAPHY: $54k → 16%SMITHSONIAN NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY & CULTURE: $46k → 14%OREGON CENTER FOR THE PHOTOGRAPHIC ARTS-DBA BLUE SKY GALLERY: $25k → 12%MUSEUM OF CONTEMPORARY PHOTOGRAPHY: $25k → 14%CENTER FOR PHOTOGRAPHY AT WOODSTOCK: $43k → 16%BROOKLYN ARTS COUNCIL: $30k → 20%BRONX DOCUMENTARY CENTER: $50k → 28%HOUSTON CENTER FOR PHOTOGRAPHY: $52k → 16%CENTER FOR PHOTOGRAPHY AT WOODSTOCK: $33k → 16%UNITED PHOTO INDUSTRIES: $30k → 20%BRONX DOCUMENTARY CENTER: $50k → 28%BRONX DOCUMENTARY CENTER: $50k → 28%BRONX DOCUMENTARY CENTER: $50k → 28%BRONX DOCUMENTARY CENTER: $50k → 28%BRONX DOCUMENTARY CENTER: $48k → 28%FOTOFEST INTERNATIONAL: $50k → 16%ART INSTITUTE OF CHICAGO: $35k → 14%FOTOFEST INTERNATIONAL: $30k → 16%FOTOFEST INTERNATIONAL: $30k → 16%FOTOFEST INTERNATIONAL: $30k → 16%FOTOFEST INTERNATIONAL: $30k → 16%NATIONAL MUSEUM OF MEXICAN ART: $25k → 14%FOTOFEST INTERNATIONAL: $30k → 16%FOTOFEST INTERNATIONAL: $30k → 16%NYC SALT: $35k → 17%NYC SALT: $30k → 17%NYC SALT: $30k → 17%NYC SALT: $30k → 17%NYC SALT: $30k → 17%WILLIAM EUGENE SMITH MEMORIAL FUND CO INTERNATIONAL CENTER FOR PHOTOGRAPHY: $35k → 17%INTERNATIONAL CENTER FOR PHOTOGRAPH: $33k → 17%MUSEUM OF THE CITY OF NEW YORK: $30k → 17%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
WA
MN
IL
WI
NY
MA
OR
IN
OH
PA
NJ
CT
CA
CO
MO
KY
VA
MD
DE
NM
TN
DC
LA
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.

86%of every dollar goes to organizations it has funded before.
$4.0M · 52 repeat orgs$661k to everyone else

Grantees it renews have grown median revenue +42% since the first grant, against +14% for those funded once.

52 repeat relationships: 35 still active in FY2025, 17 since wound down; 17 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

52
43

Total granted

$4.0M
$509k

Median revenue growth · since first grant

+42%
+14%

Still filing today

62%
47%

New vs renewed · share of each year

In FY2025, 77% of grant dollars renewed an existing relationship; $152k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

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

’17’18’19’20’21’22’23’24’25
Arts & CultureEducationYouth DevelopmentHealthInternationalSocial ScienceOther
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

  • TB
    THE BRONX DOCUMENTARY CENTER
    9× · 2017–2025 · $493k · revenue +84%
  • NS
    NYC SALT INC
    8× · 2018–2025 · $220k · revenue +48%
  • CF
    CENTER FOR PHOTOGRAPHY AT WOODSTOCK
    8× · 2017–2025 · $201k · revenue +297%

Funded once

  • VC
    VIRGINIA CENTER FOR THE CREATIVE ARTS
    one grant, 2020 · $50k · revenue -55%
  • IG
    Individual grant recipient
    one grant, 2018 · $30k
  • TJ
    THE JEWISH MUSEUMgraduated
    one grant, 2019 · $25k · revenue +30%
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
Kadist Collection Manager Inc
Arts & Culture
2
The Neue Galerie New York
Arts & Culture
3
Berggruen Institute
Education
4
Maine Museum of Photographic Arts

The mission of the Maine Museum of Photographic Arts is to inspire, engage and educate through the exhibition, preservation and collection of photographic works. The Museums programs address contemporary, historical, cultural and…

Arts & Culture
5
Art Explorium
—
6
San Diego Museum of Art

To inspire, educate and cultivate curiosity through great works of art.

Arts & Culture
7
California Institute of Contemporary Art
—
8
Munson-Williams-Proctor Arts Institute

Munson-williams-proctor arts institute (mwpai) is a fine arts center dedicated to serving diverse audiences by advancing the appreciation, understanding, and enjoyment of the arts. the art institute aims to promote interest and…

Arts & Culture
9
San Francisco Camerawork Inc

SF Camerawork provokes discovery, experimentation, and exchange through exhibitions and experiences for all who value new ideas in photography.

Arts & Culture
10
Clyfford Still Museum

Home to the art and legacy of the american painter clyfford still, we invite all to explore the potential of individual creative endeavor.

Arts & Culture
11
The Phillips Collection

The phillips collection is the oldest museum of modern and contemporary art in the u.s. in addition to presentation of works from the permanent collection and special exhibitions, the museum maintains active educational, academic,…

Arts & Culture
12
Walther Family Foundation
Philanthropy
How this is measured
The grantee most central to the portfolio’s shape is The Print Center; the most unlike its peers is Penumbra Foundation. 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

71 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. 71 of the 114 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)
18
Early backer (in before they grew)
69/71
Grantees still filing
40/71
Grew since first funded

Where the money sits, by cause and then by grantee

THE BRONX DOCUMENTARY CENTER: $493,000 · Arts & CultureTHE BRONX DOCUMENTARY CENTERFotofest Inc: $230,000 · Arts & CultureFotofest IncHouston Center for Photography Inc: $209,852 · Arts & CultureHouston Center for Photography IncCENTER FOR PHOTOGRAPHY AT WOODSTOCK: $201,000 · Arts & CultureCENTER FOR PHOTOGRAPHY AT WOODSTOCKUnited Photo Industries Inc: $168,000 · Arts & CultureUnited Photo Industries IncNATIONAL MUSEUM OF MEXICAN ART FKA MEXICAN FINE ARTS CENTER MUSEUM: $84,700 · Arts & Culture+45 more: $1,064,579 · Arts & Culture+45 moreOREGON CENTER FOR THE PHOTOGRAPHIC ARTS-DBA BLUE SKY GALLERY: $185,750 · OtherOREGON CENTER FOR THE PHOTOGRAPHIC AR…WILLIAM EUGENE SMITH MEMORIAL FUND CO INTERNATIONAL CENTER FOR PHOTOGRAPHY: $155,000 · OtherWILLIAM EUGENE SMITH MEMORIAL FUND CO…MUSEUM OF CONTEMPORARY PHOTOGRAPHY: $154,000 · OtherMUSEUM OF CONTEMPORARY PHOTOGRAPHYINTERNATIONAL CENTER FOR PHOTOGRAPH: $102,500 · OtherINTERNATIONAL CENTER FOR PHOTOGRAPHEN FOCO INC: $95,000 · OtherEN FOCO INCSMITHSONIAN NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY & CULTURE: $65,500 · Other+49 more: $794,737 · Other+49 moreNYC SALT INC: $220,000 · Youth Development+1 more: $5,000 · Youth DevelopmentEDDIE ADAMS WORKSHOP ORGANIZATION INC: $155,000 · EducationTHE ART INSTITUTE OF CHICAGO: $70,000 · EducationVISUAL STUDIES WORKSHOP INC: $103,000 · HealthPROOF MEDIA FOR SOCIAL JUSTICE INC: $65,800 · InternationalMYRIAD USA INC: $10,000 · InternationalTIDES CENTER: $17,500 · Human Services
Arts & Culture$2,451,131Other$1,552,487Youth Development$225,000Education$225,000Health$103,000International$75,800Human Services$17,500

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 budgetTHE BRONX DOCUMENTARY CENTER: $493,000 over 9y, 10% of budgetFotofest Inc: $230,000 over 7y, 3.0% of budgetNYC SALT INC: $220,000 over 8y, 6.4% of budgetHouston Center for Photography Inc: $209,852 over 7y, 7.5% of budgetCENTER FOR PHOTOGRAPHY AT WOODSTOCK: $201,000 over 8y, 9.5% of budgetUnited Photo Industries Inc: $168,000 over 8y, 2.0% of budgetEDDIE ADAMS WORKSHOP ORGANIZATION INC: $155,000 over 6y, 12% of budgetVISUAL STUDIES WORKSHOP INC: $103,000 over 6y, 7.2% of budgetEN FOCO INC: $95,000 over 6y, 8.9% of budgetNATIONAL MUSEUM OF MEXICAN ART FKA MEXICAN FINE ARTS CENTER MUSEUM: $84,700 over 5y, 0.7% of budgetEVANSTON ART CENTER: $80,027 over 9y, 1.2% of budgetPENUMBRA FOUNDATION: $79,000 over 6y, 2.1% of budgetBROOKLYN ARTS COUNCIL INC: $75,000 over 4y, 1.1% of budgetBethel Woods Center for the Arts Inc: $72,000 over 7y, 0.2% of budgetTHE ART INSTITUTE OF CHICAGO: $70,000 over 3y, 0.0% of budgetPROOF MEDIA FOR SOCIAL JUSTICE INC: $65,800 over 5y, 37% of budgetPHOTOGRAPHY COLLECTIONS PRESERVATION PROJECT INCORPORATED: $61,702 over 4y, 25% of budgetMUSEUM OF THE CITY OF NEW YORK: $55,000 over 3y, 0.2% of budgetTHE MUSEUM OF FINE ARTS HOUSTON: $52,050 over 4y, 0.0% of budgetVIRGINIA CENTER FOR THE CREATIVE ARTS: $50,000 over 1y, 1.2% of budgetTHE STUDIO MUSEUM IN HARLEM: $45,000 over 3y, 0.0% of budgetCase Art Fund Inc: $40,000 over 3y, 56% of budgetJOSEPHINE HERRICK PROJECT INC: $40,000 over 3y, 7.3% of budgetAPERTURE FOUNDATION INC: $30,000 over 2y, 0.2% of budgetMUSEUM OF PHOTOGRAPHIC ARTS: $30,000 over 2y, 1.1% of budgetSILVER EYE CENTER FOR PHOTOGRAPHY: $27,500 over 3y, 3.1% of budgetWHITNEY MUSEUM OF AMERICAN ART: $25,000 over 2y, 0.0% of budgetTHE JEWISH MUSEUM: $25,000 over 1y, 0.1% of budgetPHOTO LEGACY FOUNDATION INC: $25,000 over 5y, 32% of budgetINTERNATIONAL CENTER OF PHOTOGRAPHY: $25,000 over 1y, 0.3% of budgetThe Halide Project: $24,100 over 4y, 8.0% of budgetMAGNUM CULTURAL FOUNDATION: $22,000 over 2y, 0.8% of budget4YOUTH PRODUCTIONS INC: $20,000 over 2y, 9.9% of budgetFIELD MUSEUM OF NATURAL HISTORY: $20,000 over 1y, 0.0% of budgetCARNEGIE INSTITUTE: $20,000 over 1y, 0.0% of budgetGEORGE EASTMAN MUSEUM: $20,000 over 2y, 0.1% of budgetTILT INSTITUTE FOR THE CONTEMPORARY IMAGE: $20,000 over 2y, 1.3% of budgetTHE PRINT CENTER: $17,500 over 3y, 1.1% of budgetTIDES CENTER: $17,500 over 2y, 0.0% of budgetNational Gallery of Art: $15,000 over 1y, 0.0% of budgetTHE AMISTAD CENTER FOR ART & CULTURE INC: $10,000 over 1y, 3.1% of budgetMILWAUKEE ART MUSEUM INC: $10,000 over 1y, 0.1% of budgetSAN FRANCISCO MUSEUM OF MODERN ART: $10,000 over 1y, 0.0% of budgetMemphis Brooks Museum of Art Inc: $10,000 over 1y, 0.0% of budgetCOLORADO PHOTOGRAPHIC ARTS CENTER INC: $10,000 over 1y, 1.6% of budgetSOCIETY FOR PHOTOGRAPHIC EDUCATION: $10,000 over 1y, 1.6% of budgetFlower City Arts Center Inc: $10,000 over 2y, 0.5% of budgetARTSPACE INC: $10,000 over 1y, 1.9% 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.

  • Who funds THE BRONX DOCUMENTARY CENTER ↗
  • Who funds Fotofest Inc ↗
  • Who funds NYC SALT INC ↗
  • Who funds Houston Center for Photography Inc ↗
  • Who funds CENTER FOR PHOTOGRAPHY AT WOODSTOCK ↗
  • Who funds United Photo Industries Inc ↗
  • Who funds EDDIE ADAMS WORKSHOP ORGANIZATION INC ↗
  • Who funds VISUAL STUDIES WORKSHOP INC ↗
  • Who funds EN FOCO INC ↗
  • Who funds NATIONAL MUSEUM OF MEXICAN ART FKA MEXICAN FINE ARTS CENTER MUSEUM ↗
  • Who funds EVANSTON ART CENTER ↗
  • Who funds PENUMBRA FOUNDATION ↗
  • Who funds BROOKLYN ARTS COUNCIL INC ↗
  • Who funds Bethel Woods Center for the Arts Inc ↗
  • Who funds THE ART INSTITUTE OF CHICAGO ↗
  • Who funds PROOF MEDIA FOR SOCIAL JUSTICE INC ↗
  • Who funds PHOTOGRAPHY COLLECTIONS PRESERVATION PROJECT INCORPORATED ↗
  • Who funds MUSEUM OF THE CITY OF NEW YORK ↗
  • Who funds THE MUSEUM OF FINE ARTS HOUSTON ↗
  • Who funds VIRGINIA CENTER FOR THE CREATIVE ARTS ↗
  • Who funds THE STUDIO MUSEUM IN HARLEM ↗
  • Who funds Case Art Fund Inc ↗
  • Who funds JOSEPHINE HERRICK PROJECT INC ↗
  • Who funds APERTURE FOUNDATION INC ↗
  • Who funds MUSEUM OF PHOTOGRAPHIC ARTS ↗
  • Who funds SILVER EYE CENTER FOR PHOTOGRAPHY ↗
  • Who funds WHITNEY MUSEUM OF AMERICAN ART ↗
  • Who funds THE JEWISH MUSEUM ↗

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.

Joy of Giving Somethi…Hillman Family Founda…The Andy Warhol Found…The Ford FoundationThe Hyde and Watson F…Charina Foundation In…The New York Communit…Jacques and Natasha G…The Murthynayak Found…Henry Nias Foundation…The Honickman Foundat…Shelley & Donald Rubi…
Joy of Giving Something IncNY34.7× affinity14 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Joy of Giving Something Inc · Hillman Family Foundations · The Andy Warhol Foundation for the Visual Arts Inc · The Ford Foundation · The Hyde and Watson Foundation · Charina Foundation Inc Richard Menschel · The New York Community Trust · Jacques and Natasha Gelman Foundation · The Murthynayak Foundation Inc · Henry Nias Foundation Inc · The Honickman Foundation · Shelley & Donald Rubin 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 Phillip & Edith Leonian Foundation funds: left to right is the share of its income from government, bottom to top the share from Phillip & Edith Leonian Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%6%25%56%100%funder's share of their income ↑0%23%45%68%90%share of the org’s income from government →median 5%
  • 4YOUTH Productions Inc: 21% of income from government
  • The Amistad Center for Art & Culture Inc: 18% of income from government
  • The Griffin Museum of Photography Inc: 5% of income from government
  • Neskowin Coast Foundation: 2% of income from government
  • Brattleboro Museum & Art Centerinc: 1% of income from government
no gov moneyreceives it· size = income
2get no government money at all
20report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–90%
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 Phillip & Edith Leonian Foundation?

Find your warmest path to Phillip & Edith Leonian 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 114 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 Phillip & Edith Leonian’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