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Rivendell Foundation Inc at a glance

· Private foundation

Rivendell Foundation Inc

Its FY2025 filing reports that it accepted unsolicited grant applications.

$279k
Granted FY2025still arriving
25
Grants FY2025still arriving
6
States reached
$40k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0196% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Human Services$538kRecreation & Sports$196kHealth$167kFood & Nutrition$164kEnvironment$137kEmployment$121kYouth Development$98kInternational$92kOther$0
02FY2025 · 25 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k16 grants · $65k
  • $10k–50k9 grants · $213k
$5,000
Median grant
6
States reached
$2.6M
Total assets
Largest grants
RecipientAmount
HAVEN$40,000
MAGICIANS WITHOUT BORDERS$37,940
HUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX INC$30,000
VERMONT WORKS FOR WOMEN$30,000
EASTERSEALS OF DELAWARE AND MARYLAND'S EASTERN SHORE$25,000
THE TRUST FOR PUBLIC LAND$16,500
WHYY$14,000
GIRLS ON THE RUN VERMONT$10,000
BRIDGERCARE$10,000
VERMONT FOODBANK$7,500
BOYS & GIRLS CLUBS OF PHILADELPHIA$5,000
SPECTRUM YOUTH & FAMILY SERVICES$5,000
PHILABUNDANCE$5,000
HIMALAYAN CATARACT PROJECT$5,000
KIND TO KIDS FOUNDATION$5,000
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 (FY17–25, $434k) land where the poverty rate runs at 9%, against an area that typically sits at 11%. 17% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 11%KIND TO KIDS FOUNDATION: $5k → 10%HUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX INC: $30k → 10%CANINE PARTNERS FOR LIFE: $10k → 6%THE BRIGID PROJECT: $15k → 14%SAN MIGUEL RESOURCE CENTER: $22k → 7%GREATER WAKEFIELD RESOURCE CENTER: $3k → 9%HUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX INC: $20k → 10%CANINE PARTNERS FOR LIFE: $10k → 6%THE BRIGID PROJECT: $8k → 14%SAN MIGUEL RESOURCE CENTER: $22k → 7%SHELBURNE FOOD SHELF: $3k → 10%KIND TO KIDS FOUNDATION: $5k → 10%THE BRIGID PROJECT: $8k → 14%SAN MIGUEL RESOURCE CENTER: $22k → 7%CRADLES TO CRAYONS: $5k → 22%THE BRIGID PROJECT: $8k → 14%SAN MIGUEL RESOURCE CENTER: $20k → 7%CRADLES TO CRAYONS: $5k → 22%THE BRIGID PROJECT: $7k → 14%SAN MIGUEL RESOURCE CENTER: $18k → 7%CRADLES TO CRAYONS: $4k → 22%THE BRIGID PROJECT: $7k → 14%SAN MIGUEL RESOURCE CENTER: $17k → 7%THE BRIGID PROJECT: $5k → 14%SAN MIGUEL RESOURCE CENTER: $12k → 7%SPECTRUM YOUTH & FAMILY SERVICES: $7k → 10%THE BRIGID PROJECT: $3k → 14%KIND TO KIDS FOUNDATION: $3k → 10%SPECTRUM YOUTH & FAMILY SERVICES: $7k → 10%MAGICIANS WITHOUT BORDERS: $38k → 9%SPECTRUM YOUTH & FAMILY SERVICES: $5k → 10%MAGICIANS WITHOUT BORDERS: $33k → 9%SPECTRUM YOUTH & FAMILY SERVICES: $4k → 10%KIND TO KIDS FOUNDATION: $3k → 10%MAGICIANS WITHOUT BORDERS: $5k → 9%SPECTRUM YOUTH & FAMILY SERVICES: $4k → 10%KIND TO KIDS FOUNDATION: $3k → 10%MAGICIANS WITHOUT BORDERS: $4k → 9%SPECTRUM YOUTH & FAMILY SERVICES: $4k → 10%KIND TO KIDS FOUNDATION: $2k → 10%MAGICIANS WITHOUT BORDERS: $1k → 9%SPECTRUM YOUTH & FAMILY SERVICES: $3k → 10%CAMP POSSIBILITIES: $5k → 10%MAGICIANS WITHOUT BORDERS: $1k → 9%SPECTRUM YOUTH & FAMILY SERVICES: $3k → 10%CAMP POSSIBILITIES: $4k → 10%CAMP POSSIBILITIES: $4k → 10%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

VT
NH
MT
IL
NY
PA
CA
CO
VA
MD
DE
DC
TX
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.

95%of every dollar goes to organizations it has funded before.
$1.6M · 41 repeat orgs$89k to everyone else

Grantees it renews have grown median revenue +54% since the first grant, against +35% for those funded once.

41 repeat relationships: 23 still active in FY2025, 18 since wound down; 2 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

41
12

Total granted

$1.6M
$50k

Median revenue growth · since first grant

+54%
+35%

Still filing today

80%
83%

New vs renewed · share of each year

In FY2025, 86% of grant dollars renewed an existing relationship; $39k 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
Human ServicesHealthFood & NutritionInternationalYouth DevelopmentAnimalsOther
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

  • THE TRUST FOR PUBLIC LAND
    9× · 2017–2025 · $137k · revenue +109%
  • SM
    SAN MIGUEL RESOURCE CENTER
    7× · 2017–2023 · $133k · revenue +124%
  • VW
    VERMONT WORKS FOR WOMEN INC
    9× · 2017–2025 · $121k · revenue +54%

Funded once

  • PP
    Planned Parenthood of Northern New England Incgraduated
    one grant, 2021 · $12k · revenue +27%
  • PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    one grant, 2024 · $7k · revenue +5%
  • IG
    Individual grant recipient
    one grant, 2022 · $5k
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
Vermont Public Co

Vermont public informs, educates, and entertains through public service journalism and enlightening content rooted in vermont. our storytelling enriches lives and fosters community connection and understanding.

Arts & Culture
2
Southwestern Vermont Medical Center

Southwestern vermont health care exists to provide exceptional health care and comfort to the people we serve. see schedule o for additional details.

Health
3
The Vermont Community Foundation

The vermont community foundation helps to build philanthropic resources to sustain healthy and vital vermont communities. the foundation connects and mobilizes people through giving to multiply the impact of philanthropy.

Philanthropy
4
Vermont Network Against Domestic an Sexual Violence Inc

The vermont network aims to uproot the causes of domestic and sexual violence in vermont and create a world free of oppression where actions, beliefs and systems support all people to thrive. we accomplish this through our key programs…

Human Services
5
All Brains Belong Vt Inc

All brains belong vt, inc. builds healthier communities for people with all types of brains through neurodiversity-affirming medical care, social connection, employment support, and community education.

Human Services
6
Bridgton Hospital

To provide exceptional healthcare services in a safe and trustfulenvironment through the expertise, commitment, and compassion ofour family of caregivers.

Health
7
Champlain Valley Physicians Hospital Medical Center

Cvph medical center's mission is to provide quality health care for the north country region in upstate new york.

Health
8
Vermont Businesses for Social Responsibility Inc

To leverage the power of business for positive social and environmental impact.

—
9
Central Pennsylvania Food Bank

Our mission is to solve hunger in central pennsylvania by ensuring that everyone struggling with hunger has access to enough wholesome food every day. we will achieve this bold goal with the help of our generous donors, volunteers and…

Food & Nutrition
10
United Children's Services of Bennington County Inc

Children's services

Human Services
11
Connecticut Foodshare Inc

The mission of the connecticut foodshare is to deliver an informed and equitable response to hunger by mobilizing community partners, volunteers, and supporters.

—
12
Southwestern Vermont Health Care Corporation

To care for and comfort our patients, residents, and their loved ones and to improve the health status of the communities we serve. the purpose of the organization is also to promote and support the development and maintenance of a highly…

Health
How this is measured
The grantee most central to the portfolio’s shape is Cradles to Crayons Inc; the most unlike its peers is Brigid Project 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

46 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. 46 of the 55 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.

1
Load-bearing (≥25% of a budget)
16
Early backer (in before they grew)
45/46
Grantees still filing
35/46
Grew since first funded

Where the money sits, by cause and then by grantee

THE GREEN MOUNTAIN CLUB INC DEBONIS: $120,330 · OtherTHE GREEN MOUNTAIN CLUB INC DEBONISHAVEN: $75,000 · OtherHAVENSARA M HOLBROOK COMMUNITY CENTER INC: $53,250 · OtherSARA M HOLBROOK COMMUNITY CENTER INCNEW COMMUNITY PROJECT: $51,500 · OtherNEW COMMUNITY PROJECTIndividual grant recipient: $30,000 · OtherBRIDGERCARE: $27,200 · OtherTELLURIDE ANGEL BASKETS INC: $26,500 · OtherIndividual grant recipient: $25,000 · OtherCRANE MOUNTAIN VALLEY HORSE RESCUE INC: $71,500 · OtherCRANE MOUNTAIN VALLEY HORSE RESCUE INCEASTER SEALS DELAWARE & MARYLAND'S EASTERN SHORE INC: $25,000 · OtherSUPPORTING KIDDS INC: $24,950 · Other+22 more: $155,510 · Other+22 moreSAN MIGUEL RESOURCE CENTER (SMRC): $133,160 · Human ServicesSAN MIGUEL RESOURCE CENTER (…MAGICIANS WITHOUT BORDERS INC: $82,140 · Human ServicesMAGICIANS WITHOUT BORDERS IN…BRIGID PROJECT INC: $60,760 · Human ServicesBRIGID PROJECT INCHUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX INC: $50,000 · Human ServicesHUMAN RESOURCE DEVELOPMENT C…SPECTRUM YOUTH AND FAMILY SERVICES INC: $35,950 · Human ServicesSPECTRUM YOUTH AND FAMILY SE…KIND TO KIDS FOUNDATION: $20,710 · Human ServicesCANINE PARTNERS FOR LIFE: $20,000 · Human Services+4 more: $31,300 · Human Services+4 moreVERMONT FOODBANK: $91,500 · Food & NutritionVERMONT FO…Meals on Wheels Delaware Inc: $31,150 · Food & NutritionMeals on W…FOOD BANK OF DELAWARE INC: $26,250 · Food & NutritionFOOD BANK …Philabundance: $13,080 · Food & NutritionPhilabunda…THE TRUST FOR PUBLIC LAND: $136,500 · EnvironmentVERMONT WORKS FOR WOMEN INC: $120,985 · Community ImprovementDIRECT RELIEF: $43,900 · InternationalHIMALAYAN CATARACT PROJECT INC: $36,500 · InternationalMEDECINS SANS FRONTIERES USA INC: $12,000 · InternationalGIRLS ON THE RUN OF VERMONT INC: $83,031 · Youth DevelopmentBOYS AND GIRLS CLUBS OF PHILADELPHIA INC: $8,650 · Youth Development
Other$685,740Human Services$434,020Food & Nutrition$161,980Environment$136,500Community Improvement$120,985International$92,400Youth Development$91,681

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 TRUST FOR PUBLIC LAND: $136,500 over 9y, 0.0% of budgetSAN MIGUEL RESOURCE CENTER (SMRC): $133,160 over 7y, 3.8% of budgetVERMONT WORKS FOR WOMEN INC: $120,985 over 9y, 3.6% of budgetTHE GREEN MOUNTAIN CLUB INC DEBONIS: $120,330 over 8y, 1.3% of budgetVERMONT FOODBANK: $91,500 over 7y, 0.1% of budgetGIRLS ON THE RUN OF VERMONT INC: $83,031 over 9y, 4.8% of budgetMAGICIANS WITHOUT BORDERS INC: $82,140 over 6y, 24% of budgetHAVEN: $75,000 over 4y, 2.1% of budgetCRANE MOUNTAIN VALLEY HORSE RESCUE INC: $71,500 over 9y, 15% of budgetBRIGID PROJECT INC: $60,760 over 8y, 55% of budgetSARA M HOLBROOK COMMUNITY CENTER INC: $53,250 over 4y, 3.6% of budgetHUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX INC: $50,000 over 2y, 0.1% of budgetDIRECT RELIEF: $43,900 over 7y, 0.0% of budgetHIMALAYAN CATARACT PROJECT INC: $36,500 over 7y, 0.2% of budgetSPECTRUM YOUTH AND FAMILY SERVICES INC: $35,950 over 8y, 0.2% of budgetMeals on Wheels Delaware Inc: $31,150 over 8y, 0.8% of budgetBRIDGERCARE: $27,200 over 3y, 0.1% of budgetFOOD BANK OF DELAWARE INC: $26,250 over 6y, 0.0% of budgetEASTER SEALS DELAWARE & MARYLAND'S EASTERN SHORE INC: $25,000 over 1y, 0.1% of budgetSUPPORTING KIDDS INC: $24,950 over 8y, 1.0% of budgetKIND TO KIDS FOUNDATION: $20,710 over 6y, 0.7% of budgetCATAMOUNT TRAIL ASSOCIATION: $17,000 over 6y, 0.8% of budgetWHYY INC: $14,000 over 1y, 0.0% of budgetSAIL BEYOND CANCER VT INC: $14,000 over 3y, 4.1% of budgetCRADLES TO CRAYONS INC: $13,500 over 3y, 0.0% of budgetPhilabundance: $13,080 over 3y, 0.0% of budgetCAMP POSSIBILITIES FOUNDATION: $12,300 over 3y, 2.7% of budgetMEDECINS SANS FRONTIERES USA INC: $12,000 over 2y, 0.0% of budgetPlanned Parenthood of Northern New England Inc: $12,000 over 1y, 0.1% of budgetCOMMITTEE ON TEMPORARY SHELTER INC: $10,000 over 8y, 0.1% of budgetBOYS AND GIRLS CLUBS OF PHILADELPHIA INC: $8,650 over 2y, 0.0% of budgetPLANNED PARENTHOOD FEDERATION OF AMERICA INC: $7,000 over 1y, 0.0% of budgetSECOND CHANCE HUMANE SOCIETY INC: $6,000 over 3y, 0.2% of budgetAMERICAN FOUNDATION FOR SUICIDE PREVENTION: $5,000 over 2y, 0.0% of budgetRESTLESS LEGS SYNDROME FOUNDATION: $5,000 over 1y, 0.6% of budgetSAIL BEYOND CANCER USA INC: $4,000 over 1y, 3.7% of budgetPREVENTION POINT PHILADELPHIA INC: $3,500 over 1y, 0.0% of budgetGOVERNOR'S INSTITUTES OF VERMONT: $3,250 over 4y, 0.1% of budgetTHE DANCE COLECTIVE: $3,000 over 3y, 6.5% of budgetGREATER WAKEFIELD RESOURCE CENTER: $3,000 over 1y, 2.8% of budgetSHELBURNE FOOD SHELF INC: $2,500 over 1y, 0.8% of budgetTANNERY POND CENTER INC: $2,300 over 1y, 1.1% of budgetAMYOTROPHIC LATERAL SCLEROSIS ASSN: $2,000 over 1y, 0.0% of budgetKISMET ROCK FOUNDATION: $1,500 over 2y, 0.5% of budgetDONATE LIFE AMERICA: $1,150 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.

  • Who funds THE TRUST FOR PUBLIC LAND ↗
  • Who funds SAN MIGUEL RESOURCE CENTER (SMRC) ↗
  • Who funds VERMONT WORKS FOR WOMEN INC ↗
  • Who funds THE GREEN MOUNTAIN CLUB INC DEBONIS ↗
  • Who funds VERMONT FOODBANK ↗
  • Who funds GIRLS ON THE RUN OF VERMONT INC ↗
  • Who funds MAGICIANS WITHOUT BORDERS INC ↗
  • Who funds HAVEN ↗
  • Who funds CRANE MOUNTAIN VALLEY HORSE RESCUE INC ↗
  • Who funds BRIGID PROJECT INC ↗
  • Who funds SARA M HOLBROOK COMMUNITY CENTER INC ↗
  • Who funds HUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX INC ↗
  • Who funds DIRECT RELIEF ↗
  • Who funds HIMALAYAN CATARACT PROJECT INC ↗
  • Who funds SPECTRUM YOUTH AND FAMILY SERVICES INC ↗
  • Who funds Meals on Wheels Delaware Inc ↗
  • Who funds BRIDGERCARE ↗
  • Who funds FOOD BANK OF DELAWARE INC ↗
  • Who funds EASTER SEALS DELAWARE & MARYLAND'S EASTERN SHORE INC ↗
  • Who funds SUPPORTING KIDDS INC ↗
  • Who funds KIND TO KIDS FOUNDATION ↗
  • Who funds CANINE PARTNERS FOR LIFE ↗
  • Who funds CATAMOUNT TRAIL ASSOCIATION ↗
  • Who funds WHYY INC ↗
  • Who funds SAIL BEYOND CANCER VT INC ↗
  • Who funds CRADLES TO CRAYONS INC ↗
  • Who funds Philabundance ↗
  • Who funds CAMP POSSIBILITIES FOUNDATION ↗
  • Who funds MEDECINS SANS FRONTIERES USA INC ↗
  • Who funds Planned Parenthood of Northern New England Inc ↗
  • Who funds COMMITTEE ON TEMPORARY SHELTER INC ↗
  • Who funds BOYS AND GIRLS CLUBS OF PHILADELPHIA INC ↗
  • Who funds PLANNED PARENTHOOD FEDERATION OF AMERICA INC ↗

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 Vermont Community…Agilent Technologies …National Life Group C…Delaware Community Fo…Cleveland H Dodge Fou…Adirondack FoundationAgnes M Lindsay TrustOakland Foundation IncGeorge W Mergens Foun…Longwood Foundation I…Wsfs Cares FoundationJpmorgan Chase Founda…
The Vermont Community FoundationVT18.3× affinity7 shared granteesties to 9 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Vermont Community Foundation · Agilent Technologies Foundation · National Life Group Charitable Foundation Inc · Delaware Community Foundation Inc · Cleveland H Dodge Foundation Inc · Adirondack Foundation · Agnes M Lindsay Trust · Oakland Foundation Inc · George W Mergens Foundation · Longwood Foundation Inc · Wsfs Cares Foundation · Jpmorgan Chase 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 Rivendell Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from Rivendell Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 60%3%13%28%50%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →median 17%
  • Kind to Kids Foundation: 69% of income from government
  • Vermont Works for Women Inc: 52% of income from government
  • Committee On Temporary Shelter Inc: 52% of income from government
  • Supporting Kidds Inc: 41% of income from government
  • Food Bank of Delaware Inc: 26% of income from government
  • The Green Mountain Club Inc Debonis: 17% of income from government
  • Governor's Institutes of Vermont: 15% of income from government
  • Vermont Foodbank: 13% of income from government
  • Catamount Trail Association: 10% of income from government
  • Cradles to Crayons Inc: 2% of income from government
  • Planned Parenthood of Northern New England Inc: 2% of income from government
no gov moneyreceives it· size = income
6get no government money at all
9report government grants on their 990 we could not trace to a source (not plotted)
3rely on government for over half their income
⤢ axis zoomed · 0–75%
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 55 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 Rivendell’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