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The Cadenza Charitable Trust at a glance

· Private foundation

The Cadenza Charitable Trust

Its FY2019 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$10M
Granted FY2019
2
Grants FY2019
1
States reached
$6.8M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0198% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2019.

Education$54MArts & Culture$10MPublic Benefit$8.7MHealth$3.3MAnimals$500kPhilanthropy$426kInternational$425kHuman Services$275kOther$0
02FY2019 · 2 grants

Where the money goes

Grants by size, and the largest recipients.

$6,798,797
Median grant
1
States reached
$0
Total assets
Largest grants
RecipientAmount
UNIVERSITY OF NORTH CAROLINA$6,798,797
NORTH CAROLINA COMMUNITY FND$3,218,013
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 (FY17–19) land where the poverty rate runs at 11%, against an area that typically sits at 8%. 75% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 8%TRUSTEES OF TUFTS UNIVERSITY: $250k → 8%RONALD MCDONALD HOUSE CHARITIES: $25k → 17%VILLAGE ENTERPRISE FUND: $75k → 7%LIVING GOODS: $75k → 10%COMMUNITY PARTNERS DINNER PARTY: $25k → 14%CARITAS OF PORT CHESTER INC: $50k → 9%KIND: $25k → 17%NEW HOUR FOR WOMEN & CHILDREN: $25k → 10%THE HOTCHKISS SCHOOL: $25k → 9%YALE UNIVERSITY: $25k → 12%NORTH CAROLINA SYMPHONY: $10.0M → 8%HOLY TRINITY GREEK OTHODOX CHURCH: $100k → 10%DUKE UNIVERSITY: $9.8M → 11%UNIVERSITY OF NORTH CAROLINA: $14.0M → 13%BROWN UNIVERSITY: $25k → 14%ONE ACRE FUND: $75k → 8%ANGLO-AMERICAN CHARITABLE FOUNDATION: $325k → 8%ST BENEDICTS PREPARATORY SCHOOL: $50k → 16%KIMBALL UNION ACADEMY ENDOWMENT FD: $23.0M → 10%TRUSTEES OF TUFTS UNIVERSITY: $250k → 8%VILLAGE ENTERPRISE FUND: $50k → 7%LIVING GOODS: $50k → 10%THE BEREAVEMENT CENTER: $200k → 9%FRIENDS OF AUSTRALIAN WILDLIFE: $250k → 17%NORTH CAROLINA COMMUNITY FND: $5.5M → 8%UNIVERSITY OF NORTH CAROLINA: $6.8M → 13%ONE ACRE FUND: $75k → 8%ANGLO-AMERICAN CHARITABLE FOUNDATION: $100k → 8%ST BENEDICTS PREPARATORY SCHOOL: $50k → 16%THE BEREAVEMENT CENTER: $25k → 9%FRIENDS OF AUSTRALIAN WILDLIFE: $250k → 17%NORTH CAROLINA COMMUNITY FND: $3.2M → 8%MEDICAL FOUNDATION OF: $3.0M → 13%RYE COUNTRY DAY SCHOOL: $100k → 9%HARLEM ACADEMY: $50k → 17%HARLEM ACADEMY: $50k → 17%FRED HOLLOWS FOUNDATION: $75k → 17%FRED HOLLOWS FOUNDATION: $75k → 17%CENTER FOR EMPLOYMENT OPPORTUNITIES: $50k → 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

NH
IL
NY
MA
NJ
CT
RI
CA
NC
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.

41%of every dollar goes to organizations it has funded before.
$32M · 12 repeat orgs$46M to everyone else

Grantees it renews have grown median revenue +258% since the first grant, against +41% for those funded once.

12 repeat relationships: 2 still active in FY2019, 10 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

12
14

Total granted

$32M
$46M

Median revenue growth · since first grant

+258%
+41%

Still filing today

42%
43%

New vs renewed · share of each year

In FY2019, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’17’18’19
RenewedFirst-time

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

’17’18’19
EducationInternationalArts & CultureFood & NutritionHealthEmploymentOther
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
    ONE ACRE FUND
    2× · 2017–2018 · $150k · revenue +258%
  • TF
    THE FRED HOLLOWS FOUNDATION
    2× · 2017–2018 · $150k · revenue ×44
  • LG
    LIVING GOODS
    2× · 2017–2018 · $125k · revenue +59%

Funded once

  • KU
    KIMBALL UNION ACADEMY ENDOWMENT FD
    one grant, 2018 · $23M
  • NC
    NORTH CAROLINA SYMPHONY SOCIETY INCgraduated
    one grant, 2018 · $10M · revenue +25% · 67% of their budget
  • DUKE UNIVERSITYgraduated
    one grant, 2018 · $9.8M · revenue +41%
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
Lehigh University

The university's goal in the coming decade is to advance learning through the integration of teaching, research and service to others. the core of this goal is to prepare graduates to engage with the world and lead lives of meaning. to do…

Education
2
University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education
3
Furman University

The primary mission of furman as a liberal arts institution is to provide a distinctive education in fine arts, humanities, social sciences, mathematics and the sciences, as well as selected professional disciplines.

Education
4
University of Hartford

Dedicated to learning, personal growth, knowledge creation, and the betterment of society. the university engages students in aquiring the knowledge, skills, and values necessary to thrive in and contribute to a pluralistic, complex world.

Education
5
President and Fellows of Harvard College

Undergraduate, graduate, and professional education and research across a broad array of academic domains.

Education
6
The Common Application Inc

The common application is a not-for-profit membership organization of over 1,100 colleges and universities across the globe committed to access, equity, and integrity in the college admission process. every year, over 1.5 million students…

Education
7
Northeast College of Health Sciences

Northeast college of health sciences (the college) is committed to academic excellence, leadership, and professional best practices in the health sciences.

Education
8
Manhattanville University

To educate students to be ethical and socially responsible leaders in a global community.

Education
9
University of Virginia Investment Management Company

The university of virginia investment management company (uvimco) is organized to invest funds on behalf of the rector and visitors of the university of virginia (the university or uva) and university-associated organizations (uaos).

Education
10
The York School

York school is an award-winning, private, coed college-prep school for grades 8-12, that develops confident and authentic leaders. we offer an academically challenging experiential program for bright, kind, and driven students in an…

Education
11
Boston Architectural College

The bac is committed to provide excellence in design education grounded in practice and accessible to diverse communities.

—
12
United Nations International School

Under the auspices of the united nations and guided by its ideals, the united nations international school (unis) provides an inclusive and diverse learning environment in which rigorous international programs foster academic excellence,…

Education
How this is measured
The grantee most central to the portfolio’s shape is Rye Country Day School; the most unlike its peers is Center for Employment Opportunities 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

13 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. 13 of the 28 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)
4
Early backer (in before they grew)
13/13
Grantees still filing
13/13
Grew since first funded

Where the money sits, by cause and then by grantee

KIMBALL UNION ACADEMY ENDOWMENT FD: $23,000,000 · OtherKIMBALL UNION ACADEMY ENDOWMENT FDUNIVERSITY OF NORTH CAROLINA: $20,798,797 · OtherUNIVERSITY OF NORTH CAROLINANORTH CAROLINA COMMUNITY FND: $8,718,013 · OtherNORTH CAROLINA COMMUNITY FNDMEDICAL FOUNDATION OF: $3,000,000 · Other+13 more: $1,825,000 · OtherNORTH CAROLINA SYMPHONY SOCIETY INC: $10,000,000 · Arts & CultureNORTH CAROLINA…DUKE UNIVERSITY: $9,750,000 · EducationDUKE UNIVERSIT…+3 more: $225,000 · EducationANGLO-AMERICAN CHARITABLE FOUNDATION LTD: $425,500 · PhilanthropyONE ACRE FUND: $150,000 · InternationalLIVING GOODS: $125,000 · InternationalVILLAGE ENTERPRISE FUND: $125,000 · InternationalTHE FRED HOLLOWS FOUNDATION: $150,000 · HealthCENTER FOR EMPLOYMENT OPPORTUNITIES INC: $50,000 · Employment
Other$57,341,810Arts & Culture$10,000,000Education$9,975,000Philanthropy$425,500International$400,000Health$150,000Employment$50,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetNORTH CAROLINA SYMPHONY SOCIETY INC: $10,000,000 over 1y, 67% of budgetDUKE UNIVERSITY: $9,750,000 over 1y, 0.3% of budgetONE ACRE FUND: $150,000 over 2y, 0.1% of budgetTHE FRED HOLLOWS FOUNDATION: $150,000 over 2y, 20% of budgetLIVING GOODS: $125,000 over 2y, 0.5% of budgetVILLAGE ENTERPRISE FUND: $125,000 over 2y, 2.1% of budgetHARLEM ACADEMY: $100,000 over 2y, 1.0% of budgetRYE COUNTRY DAY SCHOOL: $100,000 over 1y, 0.2% of budgetCENTER FOR EMPLOYMENT OPPORTUNITIES INC: $50,000 over 1y, 0.2% of budgetCARITAS OF PORT CHESTER INC: $50,000 over 1y, 2.7% of budgetTHE HOTCHKISS SCHOOL: $25,000 over 1y, 0.0% of budgetBROWN UNIVERSITY: $25,000 over 1y, 0.0% 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 NORTH CAROLINA SYMPHONY SOCIETY INC ↗
  • Who funds DUKE UNIVERSITY ↗
  • Who funds ANGLO-AMERICAN CHARITABLE FOUNDATION LTD ↗
  • Who funds ONE ACRE FUND ↗
  • Who funds THE FRED HOLLOWS FOUNDATION ↗
  • Who funds LIVING GOODS ↗
  • Who funds VILLAGE ENTERPRISE FUND ↗
  • Who funds HARLEM ACADEMY ↗
  • Who funds RYE COUNTRY DAY SCHOOL ↗
  • Who funds CENTER FOR EMPLOYMENT OPPORTUNITIES INC ↗
  • Who funds CARITAS OF PORT CHESTER INC ↗
  • Who funds THE HOTCHKISS SCHOOL ↗
  • Who funds BROWN UNIVERSITY ↗

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.

Vanguard Charitable E…National Philanthropi…American Online Givin…Donor Advised Charita…Fidelity Investments …Amazonsmile Foundation
Vanguard Charitable Endowment ProgramPA11.6× affinity6 shared granteesties to 5 of 5Hover any node to trace its alignments.Compare side by side →

Open a dossier: Vanguard Charitable Endowment Program · National Philanthropic Trust · American Online Giving Foundation Inc · Donor Advised Charitable Giving 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 The Cadenza Charitable Trust funds: left to right is the share of its income from government, bottom to top the share from The Cadenza Charitable Trust. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%0%1%3%5%funder's share of their income ↑0%8%15%22%30%share of the org’s income from government →
    no gov moneyreceives it· size = income
    1get no government money at all
    4report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–30%
    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 28 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 2019, released 2019. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Cadenza’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