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Thoroughbred Charities of America Inc at a glanceAlso receives grants: funding profile →

· Public charity

Thoroughbred Charities of America Inc

TCA's mission is to fund and facilitate the support of Thoroughbreds and the people who care for them.

$1.2M
Granted FY2025still arriving
72
Grants FY2025still arriving
21
States reached
$85k
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 2024.

Animals$2.8MReligion$695kRecreation & Sports$661kHuman Services$388kEmployment$300kHealth$179kPhilanthropy$149kEducation$134kOther$0
02FY2025 · 72 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 72 grants below total $1,080,870, the rows itemized in this filing. The $1,191,398 headline is the total grant expense on the return; the other $110,528 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • Under $10k22 grants · $161k
  • $10k–50k49 grants · $835k
  • $50k–250k1 grant · $85k
$10,000
Median grant
21
States reached
$1.3M
Total assets
Largest grants
RecipientAmount
RETIRED RACEHORSE PROJECT$85,000
BACKSTRETCH EMPLOYEE SERVICE$40,000
BACKSIDE LEARNING CENTER$35,000
EQUINE ENCORE FOUNDATION$35,000
BEYOND THE WIRE$35,000
THROUGHBRED INCENTIVE PROGRAM$32,500
TAKE2 SECOND CAREER THOROUGHB$32,500
RACE TRACK CHAPLAINCY OF AMER$31,800
BLUEGRASS FARMS CHARITIES$30,000
KY RACE TRACK CHAPLAINCY$27,500
RACE TRACK CHAPLAINCY OF AMER$25,500
RACING INDUSTRY CHARITABLE FO$23,000
BELMONT CHILD CARE ASSOC$23,000
RACE TRACK CHAPLAINCY OF AMER$23,000
DELAWARE HORSEMENS ASSISTANC$22,500
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, $381k) land where the poverty rate runs at 6%, against an area that typically sits at 9%. 0% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 9%THIS OLD HORSE: $8k → 6%RACE TRACK CHAPLAINCY OF AMER: $32k → 6%RACE FOR EDUCATION: $15k → 7%THIS OLD HORSE: $7k → 6%RACE TRACK CHAPLAINCY OF AMER: $23k → 6%RACE FOR EDUCATION: $10k → 7%THIS OLD HORSE: $7k → 6%RACE TRACK CHAPLAINCY OF AMER: $23k → 6%RACE FOR EDUCATION: $10k → 7%LIFEWORKS COMM ACTION: $11k → 7%RACE TRACK CHAPLAINCY OF AMER: $18k → 6%RACE FOR EDUCATION: $9k → 7%LIFEWORKS COMM ACTION: $10k → 7%RACE TRACK CHAPLAINCY OF AMER: $16k → 6%RACE FOR EDUCATION: $7k → 7%RACE TRACK CHAPLAINCY OF AMER: $15k → 6%RACE TRACK CHAPLAINCY OF AMER: $8k → 6%BELMONT CHILD CARE ASSOC: $23k → 6%BELMONT CHILD CARE ASSOC: $23k → 6%BELMONT CHILD CARE ASSOC: $20k → 6%BELMONT CHILD CARE ASSOC: $18k → 6%BELMONT CHILD CARE ASSOC: $17k → 6%BELMONT CHILD CARE ASSOC: $16k → 6%BELMONT CHILD CARE ASSOC: $16k → 6%BELMONT CHILD CARE ASSOC: $12k → 6%BELMONT CHILD CARE ASSOC: $9k → 6%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

WA
MN
IL
MI
NY
WY
IA
IN
OH
PA
NJ
CA
KY
WV
VA
MD
DE
AZ
NM
NC
SC
OK
LA
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.

96%of every dollar goes to organizations it has funded before.
$6.3M · 79 repeat orgs$261k to everyone else

Grantees it renews have grown median revenue +34% since the first grant, against -20% for those funded once.

79 repeat relationships: 63 still active in FY2025, 16 since wound down; 9 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

79
18

Total granted

$6.3M
$166k

Median revenue growth · since first grant

+34%
-20%

Still filing today

92%
39%

New vs renewed · share of each year

In FY2025, 91% of grant dollars renewed an existing relationship; $95k 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
AnimalsEducationReligionHuman ServicesRecreation & SportsEmploymentOther
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

  • RR
    RETIRED RACEHORSE PROJECT LTD
    9× · 2017–2025 · $639k · revenue +1%
  • RT
    RACE TRACK CHAPLAINCY OF AMERICA INC
    9× · 2017–2025 · $252k · revenue +37%
  • RT
    RACE TRACK CHAPLAINCY OF AMERICA METROPOLITAN NEW YORK DIVISION
    7× · 2017–2025 · $217k · revenue +143%

Funded once

  • RT
    Race Track Chaplaincy of California
    one grant, 2024 · $15k · revenue -20%
  • OT
    OKLAHOMA THOROUGHBRED RETIREMENT PROGRAM LTD
    one grant, 2020 · $14k · revenue 0% · 35% of their budget
  • TT
    TAKE2 THOROUGHBRED PROGRAM
    one grant, 2019 · $13k
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
Platte Ranch Forever Home Sanctuary
Animals
2
New Hope Farm Inc

Rescue and sanctuary for horses, donkeys, and mules.

—
3
Thomas Foundation Second Chance Horse Rescue
Animals
4
Maryland a Haven for Horses

To provide a safe and dignified retirement for standardbred racehorses that no longer race.

—
5
Horse Rescue

To rescue, rehab and re-home Thoroughbred horses off the track.

Animals
6
Athelets 4 Life Racehorse Retirement Rehabilitation

Rescue former racehorses, provide retraining, provide rehabilitation and rehoming.

Animals
7
Red Bucket Equine Rescue
Animals
8
Lillies of the Field Equine Rescue
Animals
9
Thoroughbred Retirement Network of Louisiana

TRNL is dedicated to rescuing, rehabilitating, retraining, retiring and rehoming thoroughbred ex-racehorses.

Animals
10
Pastures of Point Lookout Inc
Animals
11
Epona Equine Rescue & Rehab
Animals
12
Hooves of My Heart Equine Rescue Ltd
Animals
How this is measured
The grantee most central to the portfolio’s shape is Hope After Racing Thoroughbreds; the most unlike its peers is Lifeworks Community Action 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

86 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. 86 of the 106 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)
28
Early backer (in before they grew)
85/86
Grantees still filing
51/86
Grew since first funded

Where the money sits, by cause and then by grantee

RETIRED RACEHORSE PROJECT LTD: $638,600 · AnimalsRETIRED RACEHORSE PROJECT LTDNEW VOCATIONS RACEHORSE ADOPTION: $179,955 · AnimalsNEW VOCATIONS RACEHORSE ADOPTIONTAKE 2 SECOND CAREER THOROUGHBRED PROGRAM INC: $131,070 · AnimalsOld Friends Inc: $105,596 · AnimalsMIDATLANTIC HORSE RESCUE INC: $99,765 · Animals+46 more: $1,832,873 · Animals+46 moreRACE TRACK CHAPLAINCY OF AMERICA INC: $252,345 · OtherRACE TRACK CHAPLAINCY OF AME…THE BACKSIDE LEARNING CENTER INC: $131,000 · OtherTHE BACKSIDE LEARNING CENTER…CENTRAL KENTUCKY RIDING FOR HOPE INC: $128,172 · OtherCENTRAL KENTUCKY RIDING FOR …DELAWARE HORSEMEN'S ASSISTANCE FUND INC: $118,000 · OtherDELAWARE HORSEMEN'S ASSISTAN…RACING INDUSTRY CHARITABLE FOUNDATION INC: $117,200 · OtherRACING INDUSTRY CHARITABLE F…LONGRUN THOROUGHBRED RET SVCS: $63,750 · OtherSECOND STRIDE INC: $96,015 · OtherSECOND STRIDE INCMARYLAND STANDARDBRED HORSEMEN'S ASSISTANCE FUND INC: $79,800 · OtherCALIFORNIA THOROUGHBRED HORSEMEN'S FOUNDATION INC: $88,025 · OtherCALIFORNIA THOROUGHBRED HORS…AKINDALE REHABILITATION & LAND CONSERVATION FUND: $87,550 · OtherAKINDALE REHABILITATION & LA…SQUARE PEG FOUNDATION: $72,000 · Other+24 more: $392,047 · Other+24 moreRACE TRACK CHAPLAINCY OF AMERICA METROPOLITAN NEW YORK DIVISION: $217,106 · ReligionRACE TRAC…BLUE GRASS FARMS CHARITIES INC: $162,806 · ReligionBLUE GRAS…Kentucky Race Track Chaplaincy Inc: $149,000 · ReligionKentucky …OCALA FARM MINISTRY INC: $37,500 · ReligionOCALA FAR…RACE TRACK CHAPLANICY OF AMERICA PA DIVISION INC: $185,062 · Human ServicesBelmont Child Care Association Inc: $153,386 · Human ServicesTHIS OLD HORSE INC: $21,700 · Human ServicesLIFEWORKS COMMUNITY ACTION INC: $21,000 · Human ServicesBACKSTRETCH EMPLOYEE SERVICE TEAM OF NEW YORK INC: $306,194 · EmploymentGLEN ELLEN VOCATIONAL ACADEMY INC: $40,300 · EmploymentThe Jockey Club: $248,086 · Recreation & SportsSECRETARIAT CENTER INC: $58,500 · Recreation & SportsKENTUCKY HORSE PARK FOUNDATION INC: $14,434 · Recreation & SportsKENTUCKY EQUINE MANAGEMENT INTERNSHIP PROGRAM INC: $140,615 · EducationElite Program Inc: $49,000 · EducationHORSE FARM WORKERS' EDUCATIONAL ASSISTANCE FUND INC: $40,117 · EducationTHE RACE FOR EDUCATION INC: $34,000 · EducationAMPLIFY HORSE RACING: $30,000 · EducationBLUEGRASS COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC: $16,000 · Education+1 more: $10,000 · Education
Animals$2,987,859Other$1,625,904Religion$566,412Human Services$381,148Employment$346,494Recreation & Sports$321,020Education$319,732

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

25%50%75%100%$100k$1.0M$10Mgrantee revenue →↑ funder's share of their budgetRETIRED RACEHORSE PROJECT LTD: $638,600 over 9y, 12% of budgetBACKSTRETCH EMPLOYEE SERVICE TEAM OF NEW YORK INC: $306,194 over 9y, 2.8% of budgetRACE TRACK CHAPLAINCY OF AMERICA INC: $252,345 over 9y, 18% of budgetThe Jockey Club: $248,086 over 8y, 0.3% of budgetRACE TRACK CHAPLAINCY OF AMERICA METROPOLITAN NEW YORK DIVISION: $217,106 over 7y, 5.0% of budgetRACE TRACK CHAPLANICY OF AMERICA PA DIVISION INC: $185,062 over 8y, 21% of budgetNEW VOCATIONS RACEHORSE ADOPTION: $179,955 over 9y, 1.0% of budgetBLUE GRASS FARMS CHARITIES INC: $162,806 over 8y, 6.7% of budgetBelmont Child Care Association Inc: $153,386 over 9y, 1.7% of budgetKentucky Race Track Chaplaincy Inc: $149,000 over 8y, 4.7% of budgetKENTUCKY EQUINE MANAGEMENT INTERNSHIP PROGRAM INC: $140,615 over 6y, 22% of budgetTAKE 2 SECOND CAREER THOROUGHBRED PROGRAM INC: $131,070 over 7y, 4.0% of budgetTHE BACKSIDE LEARNING CENTER INC: $131,000 over 5y, 9.4% of budgetCENTRAL KENTUCKY RIDING FOR HOPE INC: $128,172 over 9y, 2.9% of budgetDELAWARE HORSEMEN'S ASSISTANCE FUND INC: $118,000 over 7y, 9.5% of budgetRACING INDUSTRY CHARITABLE FOUNDATION INC: $117,200 over 7y, 3.0% of budgetOld Friends Inc: $105,596 over 9y, 0.8% of budgetMIDATLANTIC HORSE RESCUE INC: $99,765 over 9y, 4.2% of budgetRERUN INC: $96,433 over 9y, 3.1% of budgetSECOND STRIDE INC: $96,015 over 9y, 4.5% of budgetDown the Stretch Ranch: $93,800 over 8y, 9.2% of budgetBROOK HILL RETIREMENT CENTER FOR HORSES INC: $91,800 over 8y, 3.2% of budgetCALIFORNIA THOROUGHBRED HORSEMEN'S FOUNDATION INC: $88,025 over 6y, 0.9% of budgetTHE EXCELLER FUND INC: $87,550 over 9y, 10% of budgetAKINDALE REHABILITATION & LAND CONSERVATION FUND: $87,550 over 9y, 3.0% of budgetAFTER THE RACES INC: $86,350 over 8y, 5.2% of budgetMARYLAND STANDARDBRED HORSEMEN'S ASSISTANCE FUND INC: $79,800 over 5y, 56% of budgetEquine Encore Performance at Charles Town Inc: $77,800 over 5y, 18% of budgetBEYOND THE WIRE INC: $75,300 over 3y, 5.6% of budgetHORSE & HOUND RESCUE FOUNDATION: $75,050 over 7y, 9.1% of budgetSQUARE PEG FOUNDATION: $72,000 over 6y, 2.1% of budgetFinger Lakes Thoroughbred Adoption Program Inc: $68,210 over 7y, 6.5% of budgetCOMMUNICATION ALLIANCE TO NETWORK THOROGHBRED EX-RACEHORSES: $66,900 over 7y, 93% of budgetTHOROUGHBRED PLACEMENT RESOURCES INC: $61,600 over 7y, 7.1% of budgetSECRETARIAT CENTER INC: $58,500 over 6y, 3.6% of budgetDale and Patti Shirley Equine Encore Foundation: $58,250 over 4y, 76% of budgetFRIENDS OF FERDINAND INDIANA INC: $57,600 over 6y, 14% of budgetCALIFORNIA RETIREMENT MANAGEMENT ACCOUNT: $50,500 over 3y, 2.6% of budgetUNITED PEGASUS FOUNDATION: $49,300 over 6y, 2.1% of budgetElite Program Inc: $49,000 over 6y, 15% of budgetHOPE AFTER RACING THOROUGHBREDS: $47,300 over 5y, 8.3% of budgetLonestar Outreach to Place Ex-Racers: $47,300 over 5y, 14% of budgetHARMONY AND HOPE HORSE HAVEN INC: $44,800 over 6y, 7.3% of budgetSECOND CALL THOROUGHBRED ADOPTION AND PLACEMENT IN: $42,300 over 5y, 5.4% of budgetGALLOPING OUT: $40,800 over 4y, 6.7% of budgetGLEN ELLEN VOCATIONAL ACADEMY INC: $40,300 over 6y, 5.0% of budgetHORSE FARM WORKERS' EDUCATIONAL ASSISTANCE FUND INC: $40,117 over 3y, 18% of budgetCANTER KENTUCKY: $39,800 over 5y, 20% 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 RETIRED RACEHORSE PROJECT LTD ↗
  • Who funds BACKSTRETCH EMPLOYEE SERVICE TEAM OF NEW YORK INC ↗
  • Who funds RACE TRACK CHAPLAINCY OF AMERICA INC ↗
  • Who funds The Jockey Club ↗
  • Who funds RACE TRACK CHAPLAINCY OF AMERICA METROPOLITAN NEW YORK DIVISION ↗
  • Who funds RACE TRACK CHAPLANICY OF AMERICA PA DIVISION INC ↗
  • Who funds NEW VOCATIONS RACEHORSE ADOPTION ↗
  • Who funds BLUE GRASS FARMS CHARITIES INC ↗
  • Who funds Belmont Child Care Association Inc ↗
  • Who funds Kentucky Race Track Chaplaincy Inc ↗
  • Who funds KENTUCKY EQUINE MANAGEMENT INTERNSHIP PROGRAM INC ↗
  • Who funds TAKE 2 SECOND CAREER THOROUGHBRED PROGRAM INC ↗
  • Who funds THE BACKSIDE LEARNING CENTER INC ↗
  • Who funds CENTRAL KENTUCKY RIDING FOR HOPE INC ↗
  • Who funds DELAWARE HORSEMEN'S ASSISTANCE FUND INC ↗
  • Who funds RACING INDUSTRY CHARITABLE FOUNDATION INC ↗
  • Who funds Old Friends Inc ↗
  • Who funds MIDATLANTIC HORSE RESCUE INC ↗
  • Who funds RERUN INC ↗
  • Who funds SECOND STRIDE INC ↗
  • Who funds Down the Stretch Ranch ↗
  • Who funds BROOK HILL RETIREMENT CENTER FOR HORSES INC ↗
  • Who funds CALIFORNIA THOROUGHBRED HORSEMEN'S FOUNDATION INC ↗
  • Who funds THE EXCELLER FUND INC ↗
  • Who funds AKINDALE REHABILITATION & LAND CONSERVATION FUND ↗
  • Who funds AFTER THE RACES INC ↗
  • Who funds MARYLAND STANDARDBRED HORSEMEN'S ASSISTANCE FUND INC ↗
  • Who funds Equine Encore Performance at Charles Town Inc ↗
  • Who funds BEYOND THE WIRE INC ↗
  • Who funds HORSE & HOUND RESCUE FOUNDATION ↗
  • Who funds SQUARE PEG FOUNDATION ↗
  • Who funds Finger Lakes Thoroughbred Adoption Program Inc ↗
  • Who funds COMMUNICATION ALLIANCE TO NETWORK THOROGHBRED EX-RACEHORSES ↗
  • Who funds THOROUGHBRED PLACEMENT RESOURCES INC ↗
  • Who funds SECRETARIAT CENTER INC ↗
  • Who funds Dale and Patti Shirley Equine Encore Foundation ↗
  • Who funds FRIENDS OF FERDINAND INDIANA INC ↗
  • Who funds CALIFORNIA RETIREMENT MANAGEMENT ACCOUNT ↗
  • Who funds UNITED PEGASUS FOUNDATION ↗

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.

Thoroughbred Aftercar…Churchill Downs Incor…The American Society …Greater Good CharitiesCalifornia Retirement…Middleground Capital …The Charles and Mary …W L Lyons Brown Found…Nafzger Family Founda…Equus Foundation IncThe Jockey Club Safet…Limestone Family Foun…
Thoroughbred Aftercare Alliance Foundati Dba Thoroughbred Aftercare AllianceKY109.5× affinity50 shared granteesties to 10 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Thoroughbred Aftercare Alliance Foundati Dba Thoroughbred Aftercare Alliance · Churchill Downs Incorporated Foundation · The American Society for the Prevention of Cruelty to Animals · Greater Good Charities · California Retirement Management Account · Middleground Capital Charitable Foundation · The Charles and Mary Heider Family Foundation · W L Lyons Brown Foundation · Nafzger Family Foundation · Equus Foundation Inc · The Jockey Club Safety Net Foundation · Limestone Family Foundation Inc

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 Thoroughbred Charities of America Inc funds: left to right is the share of its income from government, bottom to top the share from Thoroughbred Charities of America Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 110%6%25%56%100%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →
    no gov moneyreceives it· size = income
    11get no government money at all
    9report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–75%
    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 106 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 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 Thoroughbred Charities of America’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