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The Pierce Family Charitable Foundation at a glance

· Private foundation

The Pierce Family Charitable Foundation

Its FY2023 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$678k
Granted FY2023
79
Grants FY2023
12
States reached
$50k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2023.

Housing & Shelter$1.5MCommunity Improvement$389kHuman Services$366kPhilanthropy$236kHealth$221kReligion$145kArts & Culture$135kYouth Development$54kOther$0
02FY2023 · 79 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2023

  • Under $10k49 grants · $110k
  • $10k–50k29 grants · $517k
  • $50k–250k1 grant · $50k
$5,000
Median grant
12
States reached
$0
Total assets
Largest grants
RecipientAmount
CHICAGO CARES INC$50,000
CROSSROADS FUND$40,000
MICHAEL REESE HEALTH TRUST$40,000
CHICAGO RELIGIOUS LEADERSHIP NETWORK ON LATIN AMER$30,000
COVENANT HOUSE ILLINOIS INC$25,000
MICHAEL REESE HEALTH TRUST$25,000
CONNECTIONS FOR THE HOMELESS INC$20,500
THE BOULEVARD OF CHICAGO INC$20,000
MARGARETS VILLAGE$20,000
IGNITE ORG$20,000
MATTHEW HOUSE$20,000
NEW MOMS INC$20,000
CHICAGO COALITION FOR THE HOMELESS$20,000
GOOD NEWS PARTNERS$20,000
LYTE COLLECTIVE$20,000
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 (FY20–23, $717k) land where the poverty rate runs at 14%, against an area that typically sits at 10%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%INVISIBLE PEOPLE: $5k → 14%METROPOLITAN FAMILY SERVICES: $8k → 14%NIGHT MINISTRY: $25k → 14%NIGHT MINISTRY: $20k → 14%NIGHT MINISTRY: $15k → 14%NIGHT MINISTRY: $10k → 14%NIGHT MINISTRY: $5k → 14%NIGHT MINISTRY: $5k → 14%NIGHT MINISTRY: $5k → 14%COVENANT HOUSE ILLINOIS INC: $6k → 14%INTERFAITH COMMUNITY FOR DETAINED IMMIGRANTS: $6k → 14%NEW MOMS INC: $31k → 14%NEW MOMS INC: $20k → 14%NEW MOMS INC: $20k → 14%NEW MOMS INC: $15k → 14%NEW MOMS INC: $10k → 14%NEW MOMS INC: $10k → 14%CONNECTIONS FOR ABUSED WOMEN AND THEIR CHILDREN: $10k → 14%NEW MOMS INC: $5k → 14%NEW MOMS INC: $5k → 14%NEW MOMS INC: $5k → 14%INTERFAITH COMMUNITY FOR DETAINED IMMIGRANTS: $6k → 14%NORTHWEST SIDE HOUSING CENTER: $25k → 14%LYTE COLLECTIVE: $20k → 14%NORTHWEST SIDE HOUSING CENTER: $20k → 14%NORTHWEST SIDE HOUSING CENTER: $15k → 14%LYTE COLLECTIVE: $10k → 14%NORTHWEST SIDE HOUSING CENTER: $10k → 14%NORTHWEST SIDE HOUSING CENTER: $10k → 14%LYTE COLLECTIVE: $10k → 14%LYTE COLLECTIVE: $10k → 14%NORTHWEST SIDE HOUSING CENTER: $7k → 14%IGNITE ORG: $20k → 14%IGNITE ORG: $15k → 14%IGNITE ORG: $10k → 14%IGNITE ORG: $10k → 14%IGNITE ORG: $10k → 14%IGNITE ORG: $6k → 14%INTERFAITH COMMUNITY FOR DETAINED IMMIGRANTS: $6k → 14%ILLINOIS COMMUNITY FOR DISPLACED IMMIGRANTS: $6k → 14%FACING FORWARD TO END HOMELESSNESS: $30k → 14%COVENANT HOUSE ILLINOIS INC: $25k → 14%COVENANT HOUSE ILLINOIS INC: $25k → 14%COVENANT HOUSE ILLINOIS INC: $25k → 14%FACING FORWARD TO END HOMELESSNESS: $20k → 14%FACING FORWARD TO END HOMELESSNESS: $20k → 14%FACING FORWARD TO END HOMELESSNESS: $15k → 14%RENAISSANCE SOCIAL SERVICES INC: $10k → 14%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
MN
IL
WI
MI
NY
MA
OR
IA
PA
NJ
CT
CA
MD
AZ
TN
NC
DC
HI
LA
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.
04

Where the work is directed

The same grants placed two ways: where each recipient sits, and where its stated purpose sends the money.

About 6% of The Pierce Family Charitable Foundation’s grant dollars are earmarked for a different county than the recipient’s own address.

The Pierce Family Charitable Foundationlessmore of its giving
Placed by recipient address
How this is measured
Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the funder’s own 990 grant descriptions.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

91%of every dollar goes to organizations it has funded before.
$2.9M · 98 repeat orgs$283k to everyone else

Grantees it renews have grown median revenue +38% since the first grant, against +38% for those funded once.

98 repeat relationships: 55 still active in FY2023, 43 since wound down; 12 grantees were first funded in FY2023 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

98
80

Total granted

$2.9M
$261k

Median revenue growth · since first grant

+38%
+38%

Still filing today

87%
88%

New vs renewed · share of each year

In FY2023, 97% of grant dollars renewed an existing relationship; $22k went to new ones.

50%100%’20’21’22’23
RenewedFirst-time

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

’20’21’22’23
Human ServicesHousing & ShelterArts & CultureEducationHealthCommunity ImprovementOther
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

  • MR
    MICHAEL REESE HEALTH TRUST
    4× · 2020–2023 · $190k · revenue +4%
  • CF
    CROSSROADS FUND INC
    4× · 2020–2023 · $147k · revenue +167%
  • NM
    NEW MOMS INC
    4× · 2020–2023 · $123k · revenue +72%

Funded once

  • GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS
    one grant, 2021 · $25k · revenue +1%
  • MH
    MERCY HOUSING LAKEFRONTgraduated
    one grant, 2022 · $15k · revenue +42%
  • RF
    ROCKFORD FAMILY PLANNING FOUNDATION INC
    one grant, 2022 · $13k · revenue -84%
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
Chicago United for Equity

Connecting and amplifying the power of individuals to build a just, equitable, and inclusive city.

Civil Rights
2
Live Free Chicago

Live Free Illinois is a statewide organization partnering with over 120 congregations and directly impacted individuals to build safer more equitable communities across Illinois. Operating at the intersection of criminal justice reform and…

—
3
Chicago Refugee Coalition

The Chicago Refugee Coalition is a 501c3 non-profit organization dedicated ot the alleviation of human suffering through innovative partnerships, advocacy and community empowerment.

Human Services
4
A Better Chicago

A better chicago is changing how chicago fights poverty by investing in bold ideas that create opportunity for our youth.

Human Services
5
The Network Advocating Against Domestic Violence

The Network is a group of 40+ member organizations dedicated to improving the lives of those impacted by gender-based violence through education, public policy and advocacy, and connecting community members with direct service providers.…

Human Services
6
Latino Union of Chicago

Latino Union works to defend the rights and dignity of contingent workers, including the right to immigrate, work, live free of oppression and violence, and provide for oneself and one's family.

Human Services
7
Chicago Workers' Collaborative Nfp

Chicago Workers' Collaborative's mission is to promote full employment and equality for the lowest wage-earners, primarily temporary staffing workers, in the Chicago region through leadership and skills training, critical assistance and…

Education
8
Center for Housing and Health

Chh honors every person's right to a home and health care, by bridging the housing and health care systems, to improve the lives of chicagoans experiencing homelessness.

Housing & Shelter
9
Chicago Heightening Opportunity and Potential for

Providing academic support to children experiencing homelessness in Chicago and providing resources and services to families experiencing homelessness in Chicago.

Education
10
Law Center for Better Housing

To promote the rights of renters to safe, accessible, and affordable housing on a non-discriminatory basis through education, outreach, supportive services, advocacy, and legal representation.

Crime & Legal
11
Collective Chicago

To disrupt cycles of poverty with dignified transitional housing that hoslistically connects young men to opportunities that create and sustain personal, professional and relational growth.

Housing & Shelter
12
Ampt Advancing Nonprofits

Advancing Nonprofits is committed to strengthening the organizational health and support long-term development of small nonprofits on Chicagos west and south sides while prioritizing Black- and Latine-led community organizations.…

Community Improvement
How this is measured
The grantee most central to the portfolio’s shape is Connections for the Homeless Inc; the most unlike its peers is The American Society for the Prevention of Cruelty to Animals. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
05the grantee network

173 grantees tracked through their own filings, 2017–2026.

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 2026, not grant rows in a single year, so this will not match the grant count on the cover. 173 of the 195 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)
59
Early backer (in before they grew)
168/173
Grantees still filing
120/173
Grew since first funded

Where the money sits, by cause and then by grantee

Center for Changing Lives: $104,250 · Housing & ShelterCenter for Changing LivesMATTHEW HOUSE INC: $103,900 · Housing & ShelterMATTHEW HOUSE INCALL CHICAGO MAKING HOMELESSNESS HISTORY: $95,880 · Housing & ShelterALL CHICAGO MAKING HOMELESSNES…THE BOULEVARD OF CHICAGO INC: $84,325 · Housing & ShelterTHE BOULEVARD OF CHICAGO INCLA CASA NORTE: $77,895 · Housing & ShelterLA CASA NORTEGOOD NEWS PARTNERS: $69,520 · Housing & ShelterGOOD NEWS PARTNERSSARAH'S CIRCLE: $64,520 · Housing & ShelterSARAH'S CIRCLECONNECTIONS FOR THE HOMELESS INC: $58,600 · Housing & ShelterCONNECTIONS FOR THE HOMELESS I…HOUSING OPPORTUNITIES FOR WOMEN INC: $55,100 · Housing & ShelterHOUSING OPPORTUNITIES FOR WOME…SPANISH COALITION FOR HOUSING: $50,113 · Housing & ShelterSPANISH COALITION FOR HOUSINGDEBORAH'S PLACE: $45,000 · Housing & ShelterCHICAGO COALITION TO END HOMELESSNESS: $32,200 · Housing & Shelter+7 more: $32,395 · Housing & ShelterNEW MOMS INC: $122,500 · Human ServicesNEW MOMS INCNORTHWEST SIDE HOUSING CENTER: $104,000 · Human ServicesNORTHWEST SIDE HOUSING C…FACING FORWARD TO END HOMELESSNESS: $100,000 · Human ServicesFACING FORWARD TO END HO…THE NIGHT MINISTRY: $87,000 · Human ServicesTHE NIGHT MINISTRYCOVENANT HOUSE ILLINOIS INC: $80,500 · Human ServicesCOVENANT HOUSE ILLINOIS …IGNITE: $76,200 · Human ServicesIGNITETHE LYTE COLLECTIVE: $50,000 · Human ServicesTHE LYTE COLLECTIVEIllinois Community for Displaced Immigrants: $24,100 · Human Services+20 more: $72,650 · Human Services+20 moreCROSSROADS FUND INC: $147,040 · OtherCROSSROADS FUND INCCHICAGO RELIGIOUS LEADERSHIP NETWORK ON LATIN AMER: $115,000 · OtherCHICAGO RELIGIOUS LEADERSHIP N…CHICAGO COMMUNITY FOUNDATION: $70,000 · OtherCHICAGO COMMUNITY FOUNDATIONCHICAGO FOUNDATION FOR WOMEN: $49,000 · OtherCHICAGO FOUNDATION FOR WOMENMARGARETS VILLAGE: $90,021 · OtherMARGARETS VILLAGE+95 more: $415,695 · Other+95 moreCHICAGO CARES INC: $202,500 · Community ImprovementCHICAGO CAR…THE RENAISSANCE COLLABORATIVE INC: $113,250 · Community ImprovementTHE RENAISS…+7 more: $14,750 · Community ImprovementMICHAEL REESE HEALTH TRUST: $190,000 · HealthCHICAGO HOUSE & SOCIAL SERVICE AGENCY: $40,000 · HealthROCKFORD FAMILY PLANNING FOUNDATION INC: $12,500 · Health+7 more: $8,300 · HealthLatinos Progresando: $50,000 · Arts & CultureCHICAGO VIDEO PROJECT: $20,000 · Arts & CultureThe National Public Housing Museum: $10,000 · Arts & CulturePiven Theatre Workshop: $7,500 · Arts & CultureCrosshatch Center for Art & Ecology: $7,000 · Arts & CultureSkyArt NFP: $6,000 · Arts & Culture+13 more: $17,750 · Arts & CultureFOREFRONT: $49,500 · PhilanthropyGRANTMAKERS FOR EFFECTIVE ORGANIZATIONS: $25,000 · PhilanthropyUNITED WAY OF METROPOLITAN CHICAGO INC: $10,000 · PhilanthropyROCKEFELLER PHILANTHROPY ADVISORS INC: $9,500 · PhilanthropyROBERT R MCCORMICK FOUNDATION: $5,000 · PhilanthropyAmalgamated Charitable Foundation Inc: $5,000 · PhilanthropyINTERFAITH ACTION OF EVANSTON: $4,000 · Philanthropy+3 more: $3,200 · Philanthropy
Housing & Shelter$873,698Human Services$716,950Other$886,756Community Improvement$330,500Health$250,800Arts & Culture$118,250Philanthropy$111,200

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 budgetCHICAGO CARES INC: $202,500 over 4y, 1.2% of budgetMICHAEL REESE HEALTH TRUST: $190,000 over 4y, 1.0% of budgetCROSSROADS FUND INC: $147,040 over 4y, 0.6% of budgetNEW MOMS INC: $122,500 over 4y, 0.7% of budgetTHE RENAISSANCE COLLABORATIVE INC: $113,250 over 4y, 1.8% of budgetCenter for Changing Lives: $104,250 over 4y, 3.2% of budgetNORTHWEST SIDE HOUSING CENTER: $104,000 over 4y, 1.2% of budgetMATTHEW HOUSE INC: $103,900 over 4y, 2.3% of budgetFACING FORWARD TO END HOMELESSNESS: $100,000 over 4y, 0.7% of budgetALL CHICAGO MAKING HOMELESSNESS HISTORY: $95,880 over 4y, 0.1% of budgetMARGARETS VILLAGE: $90,021 over 4y, 1.7% of budgetTHE NIGHT MINISTRY: $87,000 over 4y, 0.3% of budgetTHE BOULEVARD OF CHICAGO INC: $84,325 over 4y, 0.7% of budgetCOVENANT HOUSE ILLINOIS INC: $80,500 over 4y, 0.5% of budgetLA CASA NORTE: $77,895 over 4y, 0.4% of budgetIGNITE: $76,200 over 4y, 0.7% of budgetGOOD NEWS PARTNERS: $69,520 over 4y, 1.5% of budgetSARAH'S CIRCLE: $64,520 over 4y, 0.3% of budgetCONNECTIONS FOR THE HOMELESS INC: $58,600 over 4y, 0.2% of budgetHOUSING OPPORTUNITIES FOR WOMEN INC: $55,100 over 4y, 0.2% of budgetSPANISH COALITION FOR HOUSING: $50,113 over 4y, 0.8% of budgetTHE LYTE COLLECTIVE: $50,000 over 4y, 2.6% of budgetLatinos Progresando: $50,000 over 2y, 0.7% of budgetFOREFRONT: $49,500 over 4y, 0.2% of budgetCHICAGO FOUNDATION FOR WOMEN: $49,000 over 4y, 0.3% of budgetDEBORAH'S PLACE: $45,000 over 4y, 0.3% of budgetCHICAGO HOUSE & SOCIAL SERVICE AGENCY: $40,000 over 4y, 0.1% of budgetCHICAGO COALITION TO END HOMELESSNESS: $32,200 over 4y, 0.4% of budgetGRANTMAKERS FOR EFFECTIVE ORGANIZATIONS: $25,000 over 1y, 0.3% of budgetCenter for Impact Research: $25,000 over 2y, 4.1% of budgetIllinois Community for Displaced Immigrants: $24,100 over 4y, 1.0% of budgetHeartland Alliance for Human Needs and Rights: $21,000 over 4y, 0.0% of budgetThe Cara Program: $20,900 over 4y, 0.1% of budgetCHICAGO VIDEO PROJECT: $20,000 over 2y, 19% of budgetNISGUA: $20,000 over 3y, 2.5% of budgetLATIN AMERICA WORKING GROUP EDUCATION FUND: $18,000 over 4y, 5.8% of budgetUniversity of Chicago: $17,500 over 2y, 0.0% of budgetMERCY HOUSING LAKEFRONT: $15,000 over 1y, 0.1% of budgetROCKFORD FAMILY PLANNING FOUNDATION INC: $12,500 over 1y, 1.5% of budgetNON-PROFIT TECHNOLOGY ENTERPRISE NETWORK DBA NTEN: $12,000 over 4y, 0.1% of budgetFCNL EDUCATION FUND: $11,000 over 4y, 0.1% of budgetLATINO POLICY FORUM: $10,500 over 4y, 0.1% of budgetRenaissance Social Services Inc: $10,000 over 1y, 0.2% of budgetUNITED WAY OF METROPOLITAN CHICAGO INC: $10,000 over 1y, 0.0% of budgetTitle Track: $10,000 over 4y, 1.4% of budgetCONNECTIONS FOR ABUSED WOMEN AND THEIR CHILDREN: $10,000 over 1y, 0.2% of budgetGROUNDWORK CENTER FOR RESILIENT COMMUNITIES INC: $10,000 over 1y, 0.4% of budgetBRIGHT PROMISES FOUNDATION: $10,000 over 1y, 0.9% 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.

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.

Polk Bros Foundation …Cuore e Mani Foundati…United Way of Metropo…Field Foundation of I…John D and Catherine …Arie and Ida Crown Me…The Chicago Community…Circle of Service Fou…All Chicago Making Ho…Lloyd a Fry FoundationForefrontChicago Foundation fo…
Polk Bros Foundation IncIL107.4× affinity56 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Polk Bros Foundation Inc · Cuore e Mani Foundation · United Way of Metropolitan Chicago Inc · Field Foundation of Illinois · John D and Catherine T Macarthur Foundation · Arie and Ida Crown Memorial · The Chicago Community Trust · Circle of Service Foundation · All Chicago Making Homelessness History · Lloyd a Fry Foundation · Forefront · Chicago Foundation for Women

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 Pierce Family Charitable Foundation funds: left to right is the share of its income from government, bottom to top the share from The Pierce Family Charitable Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 40%1%5%11%20%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    4get no government money at all
    55report government grants on their 990 we could not trace to a source (not plotted)
    0rely 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.
    05Through Plinth

    Warm introductions · Powered by PlinthPlus

    How do I get to The Pierce Family Charitable Foundation?

    Find your warmest path to The Pierce Family Charitable 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 195 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 2023, released 2023. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Pierce Family’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