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Two or More Foundation at a glance

· Private foundation

Two or More Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$217k
Granted FY2025still arriving
15
Grants FY2025still arriving
11
States reached
$25k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

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

Health$278kEducation$275kInternational$249kHuman Services$125kPublic Safety & Disaster$25kReligion$18kYouth Development$15kEmployment$15kOther$0
02FY2025 · 15 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k5 grants · $27k
  • $10k–50k10 grants · $190k
$10,000
Median grant
11
States reached
$1.3M
Total assets
Largest grants
RecipientAmount
SEMPER FI & AMERICAS FUND$25,000
MEDECINS SANS FRONTIERES USA INC$25,000
WORLD CENTRAL KITCHEN INCORPORATED$25,000
ZACHARY AND ELIZABETH M FISHER CENTER FOR ALZHEIME$25,000
THE CARTER CENTER INC$25,000
EAST BAY AGENCY FOR CHILDREN$20,000
HEIGHTS PHILADELPHIA$15,000
CASA OF PHILADELPHIA COUNTY$10,000
THE BARACK OBAMA FOUNDATION$10,000
CURE RARE DISEASE INC$10,000
WISH THEM WELL$8,500
WILLIAM AND MARY ATHLETIC EDUCATIONAL FOUNDATION$5,000
DRAVET SYNDROME FOUNDATION INC$5,000
CURE AHC FOUNDATION$5,000
CHARLIE LANDERS FOUNDATION$3,000
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 (FY18–25, $35k) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 43% of those dollars go to grantees based in above-average-need neighborhoods. Its grants spread fairly evenly across need levels.

area typical 10%SOCIETY ST VINCENT DE PAUL ALAMEDA: $5k → 10%FREEDOM SERVICE DOGS INC: $10k → 8%FREEDOM SERVICE DOGS INC: $10k → 8%CASA OF PHILADELPHIA COUNTY: $10k → 22%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

IL
NY
MA
PA
NJ
CT
CA
CO
VA
MD
NC
DC
GA
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.

84%of every dollar goes to organizations it has funded before.
$856k · 13 repeat orgs$164k to everyone else

13 repeat relationships: 7 still active in FY2025, 6 since wound down; 8 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

13
7

Total granted

$856k
$55k

Median revenue growth · since first grant

+38%
+39%

Still filing today

92%
100%

New vs renewed · share of each year

In FY2025, 50% of grant dollars renewed an existing relationship; $109k 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
HealthInternationalEducationHuman ServicesYouth DevelopmentPhilanthropyOther
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

  • TC
    THE CARTER CENTER INC
    9× · 2017–2025 · $205k · revenue +38%
  • CS
    CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA
    4× · 2017–2020 · $175k · revenue +28%
  • HP
    HEIGHTS PHILADELPHIA
    3× · 2019–2025 · $90k · revenue +261%

Funded once

  • GARY SINISE FOUNDATIONgraduated
    one grant, 2022 · $10k · revenue +39%
  • BW
    BOB WOODRUFF FAMILY FOUNDATION INCgraduated
    one grant, 2017 · $10k · revenue +236%
  • WY
    Wilderness Youth Project Incgraduated
    one grant, 2020 · $10k · revenue +86%
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
Samuel Waxman Cancer Research Foundation

The samuel waxman cancer research foundation (the "foundation") funds innovative research to bring faster cures to patients. in addition to supporting ongoing collaborative research in specific cancers, our scientists are investigating the…

—
2
Elizabeth Glaser Pediatric Aids Foundation

The elizabeth glaser pediatric aids foundation (egpaf) is a proven leader in the fight against pediatric hiv/aids and has reached over 33 million pregnant women with services to prevent transmission of hiv to their babies. to date, egpaf…

Health
3
Foundation for Sarcoidosis Research

The foundation for sarcoidosis research (fsr) is the leading international organization dedicated to finding a cure for sarcoidosis and improving care for sarcoidosis patients through research, education, and support. since its…

Philanthropy
4
The Water Research Foundation

The purpose of the water research foundation (wrf) is a definitive research organization to advance the science of all things water to better meet the evolving needs of its subscribers and the water sector. to engage exclusively in…

Environment
5
Afe Foundation

We are committed to identifying the cause, diagnosis, prevention, and treatment of amniotic fluid embolism and bring our information and resources to healthcare providers and impacted families through our education and support programs.We…

Health
6
Global Down Syndrome Foundation

To significantly improve the lives of people with down syndrome through research, medical care, education and advocacy. an important part of this mission is to support the global affiliate organizations that we helped establish and…

Health
7
Dana-Farber Cancer Institute Inc

The mission of dfci is to provide expert, compassionate, and equitable care to children, adults, and their families, while advancing the understanding, diagnosis, treatment, cure, and prevention of cancer and related diseases. we train new…

Health
8
Curesearch for Children's Cancer

Curesearch's mission is to fund & support targeted & innovative cancer research with measurable results, & to be the authoritative source of information & resources for all those affected by children's cancer. see schedule o for…

Health
9
The George Washington University

The mission of the george washington university (gw) is to educate individuals in liberal arts, languages, sciences, learned professions, and other courses and subjects of study, and to conduct scholarly research and publish the findings…

Education
10
Gavi Alliance

To save lives and protect people's health by increasing equitable and sustainable use of vaccines.

International
11
Cystic Fibrosis Foundation

To cure cf and provide all people with cf the opportunity to lead long, fulfilling lives by funding research and drug development, partnering with the cf community, and advancing high-quality, specialized care.

Health
12
Arc Research Institute

Our mission is to accelerate scientific progress, understand the root causes of disease, and narrow the gap between discoveries and impact on patients.

Health
How this is measured
The grantee most central to the portfolio’s shape is Bob Woodruff Family Foundation Inc; the most unlike its peers is Cure Ahc 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

27 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. 27 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.

0
Load-bearing (≥25% of a budget)
6
Early backer (in before they grew)
27/27
Grantees still filing
19/27
Grew since first funded

Where the money sits, by cause and then by grantee

RICHARD J CARON FOUNDATION: $85,000 · HealthRICHARD J CARON FOUNDATIONTHE ZACHARY & ELIZABETH M FISHER CENTER FOR ALZHEIMER'S RESEARCH FOUNDATION: $70,000 · HealthTHE ZACHARY & ELIZABETH M FISHER CENTE…CURE RARE DISEASE INC: $65,000 · HealthCURE RARE DISEASE INCSEMPER FI & AMERICA'S FUND: $50,000 · HealthSEMPER FI & AMERICA'S FUNDKISSES FOR KYLE FOUNDATION: $29,000 · HealthKISSES FOR KYLE FOUNDATIONEast Bay Agency for Children: $20,000 · HealthEast Bay Agency for Children+3 more: $25,777 · Health+3 moreCHILDREN'S SCHOLARSHIP FUND PHILADELPHIA: $175,000 · EducationCHILDREN'S SCHOLARSHIP FUND PHIL…HEIGHTS PHILADELPHIA: $90,000 · EducationHEIGHTS PHILADELPHIAINTERNATIONAL CHRISTIAN HIGH SCHOOL: $25,000 · EducationINTERNATIONAL CHRISTIAN HIGH SCH…THE CARTER CENTER INC: $205,000 · InternationalTHE CARTER CENTER INCMEDECINS SANS FRONTIERES USA INC: $25,000 · InternationalMEDECINS SANS FRONTIERES USA …WORLD CENTRAL KITCHEN INC: $25,000 · InternationalWORLD CENTRAL KITCHEN INCInternational Rescue Committee INC: $10,000 · InternationalFREEDOM SERVICE DOGS INC: $20,000 · Human ServicesCASA OF PHILADELPHIA COUNTY: $10,000 · Human ServicesSOCIETY OF STVINCENT DE PAUL District Council of Alameda County: $5,000 · Human ServicesGRACE PRESBYTERIAN CHURCH: $18,000 · OtherWILLIAM & MARY ATHLETIC EDUCATIONAL FOUNDATION: $5,000 · OtherTHE BARACK OBAMA FOUNDATION: $10,000 · OtherWISH THEM WELL: $8,500 · OtherDRAVET SYNDROME FOUNDATION INC: $13,000 · PhilanthropyGARY SINISE FOUNDATION: $10,000 · PhilanthropyWilderness Youth Project Inc: $10,000 · Youth DevelopmentPLAYWORKS EDUCATION ENERGIZED: $5,000 · Youth DevelopmentWORLD YOUTH CLUBS INC: $5,000 · Youth Development
Health$344,777Education$290,000International$265,000Human Services$35,000Other$41,500Philanthropy$23,000Youth Development$20,000

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 CARTER CENTER INC: $205,000 over 9y, 0.1% of budgetCHILDREN'S SCHOLARSHIP FUND PHILADELPHIA: $175,000 over 4y, 0.6% of budgetHEIGHTS PHILADELPHIA: $90,000 over 3y, 1.4% of budgetRICHARD J CARON FOUNDATION: $85,000 over 6y, 0.0% of budgetTHE ZACHARY & ELIZABETH M FISHER CENTER FOR ALZHEIMER'S RESEARCH FOUNDATION: $70,000 over 4y, 0.2% of budgetCURE RARE DISEASE INC: $65,000 over 5y, 1.1% of budgetSEMPER FI & AMERICA'S FUND: $50,000 over 4y, 0.0% of budgetKISSES FOR KYLE FOUNDATION: $29,000 over 2y, 5.6% of budgetINTERNATIONAL CHRISTIAN HIGH SCHOOL: $25,000 over 3y, 1.3% of budgetFREEDOM SERVICE DOGS INC: $20,000 over 2y, 0.2% of budgetEast Bay Agency for Children: $20,000 over 1y, 0.1% of budgetDRAVET SYNDROME FOUNDATION INC: $13,000 over 2y, 0.2% of budgetTHE CHARLIE LANDERS FOUNDATION: $10,777 over 2y, 1.4% of budgetGARY SINISE FOUNDATION: $10,000 over 1y, 0.0% of budgetBOB WOODRUFF FAMILY FOUNDATION INC: $10,000 over 1y, 0.1% of budgetWilderness Youth Project Inc: $10,000 over 1y, 0.3% of budgetInternational Rescue Committee INC: $10,000 over 1y, 0.0% of budgetCASA OF PHILADELPHIA COUNTY: $10,000 over 1y, 1.1% of budgetWISH THEM WELL: $8,500 over 1y, 16% of budgetPLAYWORKS EDUCATION ENERGIZED: $5,000 over 1y, 0.0% of budgetWORLD YOUTH CLUBS INC: $5,000 over 1y, 0.3% of budgetWILLIAM & MARY ATHLETIC EDUCATIONAL FOUNDATION: $5,000 over 1y, 0.1% of budgetSOCIETY OF STVINCENT DE PAUL District Council of Alameda County: $5,000 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 Blackbaud Giving …Morgan Stanley Global…Baird Foundation IncJpmorgan Chase Founda…The Pfizer Foundation…Vanguard Charitable E…American Endowment Fo…Network for GoodCharities Aid Foundat…National Philanthropi…American Online Givin…Donor Advised Charita…
The Blackbaud Giving FundSC12.5× affinity7 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Blackbaud Giving Fund · Morgan Stanley Global Impact Funding Trust Inc · Baird Foundation Inc · Jpmorgan Chase Foundation · The Pfizer Foundation Inc · Vanguard Charitable Endowment Program · American Endowment Foundation · Network for Good · Charities Aid Foundation America · National Philanthropic Trust · American Online Giving Foundation Inc · Donor Advised Charitable Giving 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 Two or More Foundation funds: left to right is the share of its income from government, bottom to top the share from Two or More Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 30%1%5%11%20%funder's share of their income ↑0%23%45%68%90%share of the org’s income from government →
    no gov moneyreceives it· size = income
    3get no government money at all
    8report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–90%
    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 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Two or More’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