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· Private foundation

Pipe Dreams Foundation Inc

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$458k
Granted FY2024still arriving
11
Grants FY2024still arriving
5
States reached
$170k
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2022 to 2024.

Recreation & Sports$253kYouth Development$170kEducation$130kHousing & Shelter$50kHealth$31kCommunity Improvement$23kPublic Safety & Disaster$500Human Services$100
02FY2024 · 11 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k3 grants · $3k
  • $10k–50k5 grants · $110k
  • $50k–250k3 grants · $345k
$20,000
Median grant
5
States reached
$12M
Total assets
Largest grants
RecipientAmount
JUSTIN THOMAS FOUNDATION$170,000
MIAMI UNIVERSITY FOUNDATION$100,000
FIRST TEE FOUNDATION$75,000
IMPACT GOLF FOUNDATION$35,000
ST VINCENT DE PAUL LOUISVILLE$25,000
NORTON CHILDREN HOSPITAL FOUNDATION$20,000
AWESOME CENTER FOR ENTREPRENEURSHIP$20,000
KIDS CANCER ALLIANCE$10,000
LOST TREE FOUNDATION$2,500
NAMI LOUISVILLE$500
CATHOLIC SERVICE APPEAL$100
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 (FY22–24) land where the poverty rate runs at 14%, against an area that typically sits at 13%. 82% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 13%IMPACT GOLF FOUNDATION: $35k → 18%RICE UNIVERSITY: $15k → 16%JUSTIN THOMAS FOUNDATION: $170k → 14%LOST TREE FOUNDATION: $3k → 11%MIAMI UNIVERSITY FOUNDATION: $100k → 12%CATHOLIC SERVICE APPEAL: $100 → 15%EVANS SCHOLARS FOUNDATION: $10k → 14%KENTUCKY STATE TREASURER TEAM EASTERN KENTUCKY FLOOD RELIEF FUND: $500 → 14%AWESOME CENTER FOR ENTREPRENEURSHIP: $20k → 15%KENTUCKY GOLF FOUNDATION: $140k → 15%EVANS SCHOLARS FOUNDATION: $5k → 14%KENTUCKY GOLF FOUNDATION: $3k → 15%NORTON CHILDREN HOSPITAL FOUNDATION: $20k → 15%KIDS CANCER ALLIANCE: $10k → 15%ST VINCENT DE PAUL LOUISVILLE: $25k → 15%ST VINCENT DE PAUL LOUISVILLE: $25k → 15%NAMI LOUISVILLE: $500 → 15%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.
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.

32%of every dollar goes to organizations it has funded before.
$208k · 3 repeat orgs$449k to everyone else

Grantees it renews have grown median revenue +128% since the first grant, against +19% for those funded once.

3 repeat relationships: 1 still active in FY2024, 2 since wound down; 10 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

3
2

Total granted

$208k
$16k

Median revenue growth · since first grant

+128%
+19%

Still filing today

67%
50%

New vs renewed · share of each year

In FY2024, 5% of grant dollars renewed an existing relationship; $433k went to new ones.

50%100%’22’23’24
RenewedFirst-time

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

’22’23’24
EducationArts & CulturePhilanthropyPublic BenefitHealthHousing & 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

  • KG
    KENTUCKY GOLF FOUNDATION INC
    2× · 2022–2023 · $143k · revenue +128%
  • SO
    SOCIETY OF ST VINCENT DE PAUL COUNCIL OF LOUISVILLE INC
    2× · 2023–2024 · $50k · revenue +11%
  • ES
    EVANS SCHOLARS FOUNDATION
    2× · 2022–2023 · $15k

Funded once

  • WM
    William Marsh Rice University
    one grant, 2022 · $15k · revenue +19%
  • KS
    KENTUCKY STATE TREASURER TEAM EASTERN KENTUCKY FLOOD RELIEF FUND
    one grant, 2022 · $500
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
Kentucky Golf Association Inc

To foster, promote and advance the interests and the true spirit of the game of golf throughout the commonwealth of kentucky, and in conjunction therewith to lend its cooperation and assistance to the united states golf association, and to…

Recreation & Sports
2
Virginia Commonwealth University Intellectual Property Foundation

The foundation determines the patentability and obtains patents on virginia commonwealth university (vcu) inventions and markets and licenses such inventions to commerical entities. the foundation's activities promote research efforts at…

Health
3
Forty First Foundation

The forty first foundation supports and advances the university of texas at austin in its pursuit of excellence. we work closely with the office of the president to identify, fund, and implement strategic initiatives that enhance the…

Education
4
University of Miami

See Form 990, Part I, Line 1, Description of Organization Mission.

Education
5
Northern Kentucky University Foundation Inc

The mission of northern kentucky university foundation is to secure, invest, steward, and distribute private resources in support of northern kentucky university, to advocate for the university's best interests, and to build lasting…

Education
6
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
7
Kentucky Junior Golf Foundation

To promote interest in junior golf.

—
8
DePauw University

Depauw university develops leaders the world needs through an uncommon commitment to the liberal arts. depauw's diverse and inclusive learning and living experience, distinctive in its rigorous intellectual engagement and its global and…

Education
9
Kentucky State University Foundation Inc

Administering the collection and disbursements of scholarship funds to eligible students and providing monetary support for the academic programs and activities of kentucky state university.

Education
10
The Educational Foundation of the Kentucky Society of Cpas Inc

The educational foundation of the kentucky society of certified public accountants (educational foundation), founded in 1961, is a not-for-profit organization dedicated to enhancing the number of college degrees in kentucky, expanding the…

Education
11
Jack Harlow Foundation Inc

Making louisville a better place

Philanthropy
12
University of Kentucky Varsity Lettermans Association Inc

Aid and assist the university of kentucky in raising funds to further the education, religious, charitable, and athletic programs at the university and other campus activities

Recreation & Sports
How this is measured
The grantee most central to the portfolio’s shape is The Justin Thomas Foundation Inc; the most unlike its peers is William Marsh Rice University. 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

8 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. 8 of the 15 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.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
8/8
Grantees still filing
5/8
Grew since first funded

Where the money sits, by cause and then by grantee

THE JUSTIN THOMAS FOUNDATION INC: $170,000 · PhilanthropyTHE JUSTIN THOMAS FOUNDATION …KENTUCKY GOLF FOUNDATION INC: $143,000 · Arts & CultureKENTUCKY GOLF FOUNDATION INCAWESOME CENTER FOR ENTREPRENEURSHIP INC: $20,000 · Arts & CultureAWESOME CENTER FOR ENTREPREN…FIRST TEE FOUNDATION: $75,000 · OtherFIRST TEE FOUNDATIONIMPACT GOLF FOUNDATION: $35,000 · OtherIMPACT GOLF FOUNDATIONNORTON CHILDREN HOSPITAL FOUNDATION: $20,000 · OtherNORTON CHILDREN HOSPITAL …EVANS SCHOLARS FOUNDATION: $15,000 · OtherEVANS SCHOLARS FOUNDATION+3 more: $3,100 · OtherMiami University Foundation: $100,000 · EducationMiami University Fo…William Marsh Rice University: $15,000 · EducationWilliam Marsh Rice …SOCIETY OF ST VINCENT DE PAUL COUNCIL OF LOUISVILLE INC: $50,000 · Housing & ShelterKIDS CANCER ALLIANCE INC: $10,000 · Public BenefitNAMI LOUISVILLE INC: $500 · Health
Philanthropy$170,000Arts & Culture$163,000Other$148,100Education$115,000Housing & Shelter$50,000Public Benefit$10,000Health$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 budgetTHE JUSTIN THOMAS FOUNDATION INC: $170,000 over 1y, 9.2% of budgetKENTUCKY GOLF FOUNDATION INC: $143,000 over 2y, 15% of budgetMiami University Foundation: $100,000 over 1y, 0.2% of budgetSOCIETY OF ST VINCENT DE PAUL COUNCIL OF LOUISVILLE INC: $50,000 over 2y, 0.3% of budgetAWESOME CENTER FOR ENTREPRENEURSHIP INC: $20,000 over 1y, 2.1% of budgetWilliam Marsh Rice University: $15,000 over 1y, 0.0% of budgetKIDS CANCER ALLIANCE INC: $10,000 over 1y, 0.5% of budgetNAMI LOUISVILLE INC: $500 over 1y, 0.1% 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 Community Foundation of Louisville IncKY15.5× affinity5 shared granteesties to 4 of 4Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Community Foundation of Louisville Inc · The Community Foundation of Louisville Corporate Depository Inc · Morgan Stanley Global Impact Funding Trust Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile 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 Pipe Dreams Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from Pipe Dreams Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%1%5%11%20%funder's share of their income ↑0%10%20%30%40%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    1report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–40%
    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 Pipe Dreams Foundation Inc?

    Find your warmest path to Pipe Dreams Foundation Inc 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 15 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 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Pipe Dreams’ filings →

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