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United States Tennis Association Incorporated at a glanceAlso receives grants: funding profile →

· Public charity

United States Tennis Association Incorporated

The usta mission is growing tennis to inspire healthier people and communities everywhere.usta is the national governing body for the sport of tennis and the recognized leader in promoting and developing the sport's growth on every level in the united states, from local communities to the crown jewel of the professional game, the us…

$80M
Granted FY2024still arriving
139
Grants FY2024still arriving
—
States reached
$13M
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 2024.

Recreation & Sports$507MYouth Development$2.7MEducation$2.6MHealth$1.3MPublic Benefit$1.2MCommunity Improvement$835kHuman Services$769kPhilanthropy$174kOther$0
02FY2024 · 139 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 139 grants below total $65,056,085, the rows itemized in this filing. The $80,128,199 headline is the total grant expense on the return; the other $15,072,114 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 · FY2024

  • Under $10k25 grants · $207k
  • $10k–50k81 grants · $1.9M
  • $50k–250k14 grants · $1.0M
  • $250k+19 grants · $62M
$25,000
Median grant
—
States reached
$909M
Total assets
Largest grants
RecipientAmount
USTASOUTHERN SECTION$13,305,839
USTAMIDWEST SECTION$6,573,336
USTATEXAS TENNIS ASSOCIATION$4,176,323
USTAEASTERN$3,996,626
USTANORTHERN CALIFORNIA$3,894,878
USTAFLORIDA SECTION$3,742,745
USTASOUTHERN CALIFORNIA$3,589,387
USTAINTERMOUNTAIN TENNIS SEC$3,393,789
USTAMID-ATLANTIC SECTION INC$3,231,165
USTAMIDDLE STATES$3,039,484
USTA NEW ENGLAND$2,635,799
USTAMISSOURI VALLEY SECTION$2,365,467
USTAPACIFIC NORTHWEST$2,197,950
USTANORTHERN SECTION$1,661,623
USTASOUTHWEST SECTION$1,631,357
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 (FY17–23, $10.4M) land where the poverty rate runs at 8%, against an area that typically sits at 10%. 40% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 10%SOUTH SHORE YMCA: $7k → 7%USTANORTHERN SECTION: $1.8M → 6%USTANORTHERN SECTION: $1.4M → 11%YMCA of Reading and Berks County: $8k → 11%THE STONEWALL IN GIVES BACK INITIATIVE: $10k → 17%Stonington Community Center Inc: $17k → 9%SPORTABLE SPORTS AND RECREATION INC: $8k → 22%SOUTH SHORE YMCA: $5k → 7%USTANORTHERN SECTION: $1.6M → 6%USTANorthern Section: $1.3M → 11%SPORTABLE SPORTS AND RECREATION INC: $6k → 22%USTANORTHERN SECTION: $1.4M → 6%PHIT AMERICA: $100k → 8%USTANorthern Section: $1.3M → 11%PHIT AMERICA: $50k → 8%ABILITY360 INC: $10k → 11%USTANORTHERN SECTION: $1.2M → 6%YMCA of The Capital Area: $70k → 19%PHIT AMERICA: $50k → 8%YMCA OF GREATER KALAMAZOO: $12k → 12%YMCA of Greater New York: $13k → 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

ME
VT
NH
WA
ID
MT
ND
MN
IL
WI
MI
NY
MA
OR
NV
WY
SD
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
NE
MO
KY
WV
VA
MD
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
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.

98%of every dollar goes to organizations it has funded before.
$507M · 141 repeat orgs$10M to everyone else

Grantees it renews have grown median revenue +38% since the first grant, against +20% for those funded once.

141 repeat relationships: 66 still active in FY2024, 75 since wound down; 73 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

141
337

Total granted

$507M
$8.1M

Median revenue growth · since first grant

+38%
+20%

Still filing today

55%
40%

New vs renewed · share of each year

In FY2024, 97% of grant dollars renewed an existing relationship; $2.0M went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

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

’17’18’19’20’21’22’23’24
EducationRecreation & SportsHuman ServicesHealthPhilanthropyYouth DevelopmentOther
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

  • ST
    SOUTHERN TENNIS ASSOCIATION INC
    8× · 2017–2024 · $96M · revenue +22% · 96% of their budget
  • US
    UNITED STATES TENNIS ASSOCIATION INC
    8× · 2017–2024 · $46M · revenue +18% · 68% of their budget
  • UT
    USTA TEXAS SECTION
    8× · 2017–2024 · $30M · revenue +38% · 66% of their budget

Funded once

  • LP
    LULU'S PLACE INC
    one grant, 2023 · $2.4M · revenue +15%
  • EC
    EYE COACH LLC
    one grant, 2021 · $100k
  • CO
    CITY OF ZEPHYRHILLS
    one grant, 2021 · $85k
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
United States Tennis Association Incorporated

The usta mission is growing tennis to inspire healthier people and communities everywhere.usta is the national governing body for the sport of tennis and the recognized leader in promoting and developing the sport's growth on every level…

—
2
South Carolina Tennis Association Inc

To develop, maintain, and promote the game of tennis.

—
3
National Collegiate Athletic Association

Provide a world-class athletics and academic experience for student-athletes that fosters lifelong well-being.

Recreation & Sports
4
United States Racquetball Association

Usa racquetball, recognized by the united states olympic committee as the national governing body for the sport, is committed to our members and the growth of racquetball from recreational play to international competition.

Recreation & Sports
5
Atp Tour Inc

To serve men's professional tennis worldwide by showcasing the greatest players at the best tournaments, to entertain millions of fans around the globe, and inspire the next generation of fans and players.

—
6
United States Tennis Association Inc

We offer many diverse programs for all ages to work toward our mission to promote develop grow and service the game of tennis.

—
7
Western Athletic Conference

The conference is committed to providing student-athletes an exemplary university experience - both on and off the field of play. with high standards of integrity at the core of our athletic and academic excellences, our goal is to unlock…

Recreation & Sports
8
Robinson Tennis Academy
Youth Development
9
Boeing Employees' Tennis Club

Boeing employees' tennis club (betc) is a service provider for a low-cost, safe, and fully-programmed tennis and racquetball facility. our mission is to help members discover, share, and play to their full potential the sport of tennis,…

—
10
Princeton Tennis Program

The Princeton Tennis Program (PTP) is a nonprofit, year-round community tennis association serving youth and adults of the greater central New Jersey region. PTPs mission is growing the game of tennis by offering high quality group…

Recreation & Sports
11
Atlanta Community Tennis Association

The mission of usta atlanta (the atlanta community tennis association) is to promote and develop the growth of tennis in metro atlanta. usta atlanta oversees the largest usta leagues and usta jr. team tennis league programs in the country.

—
12
United States Tennis Association Inc

Guided by the belief that lives can be transformed through the game of tennis USTA Chicago a District of the USTA Midwest Section creates sustains and grows enthusiasm for the game of tennis throughout Chicagoland. As the governing body…

—
How this is measured
The grantee most central to the portfolio’s shape is Usta Foundation Incorporated; the most unlike its peers is Nobility Foundation. 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

247 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. 247 of the 554 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.

26
Load-bearing (≥25% of a budget)
53
Early backer (in before they grew)
240/247
Grantees still filing
176/247
Grew since first funded

Where the money sits, by cause and then by grantee

SOUTHERN TENNIS ASSOCIATION INC: $96,122,776 · OtherSOUTHERN TENNIS ASSOCIATION INCUNITED STATES TENNIS ASSOCIATION INC: $46,365,613 · OtherUNITED STATES TENNIS ASSOCIATION INCUSTA TEXAS SECTION: $30,441,783 · OtherUSTA TEXAS SECTIONUSTA EASTERN INC: $29,118,768 · OtherUSTA EASTERN INCUSTA NORTHERN CALIFORNIA: $27,858,475 · OtherUSTA NORTHERN CALIFORNIAUnited States Tennis Association Florida Section Inc: $26,649,791 · OtherUnited States Tennis Association Florida Section IncINTERMOUNTAIN TENNIS ASSOCIATION: $24,815,102 · OtherINTERMOUNTAIN TENNIS ASSOCIATIONUnited States Tennis Association- Middle States Section: $20,457,328 · OtherUSTA NEW ENGLAND INC: $19,316,657 · OtherUNITED STATES TENNIS ASSOCIATION MISSOURI VALLEY SECTION: $17,220,962 · OtherUSTA-PACIFIC NORTHWEST SECTION: $16,038,970 · Other+122 more: $29,889,690 · Other+122 moreUSTA PLAYER DEVELOPMENT INCORPORATED: $52,448,601 · Recreation & SportsUSTA PLAYER DEVELOPMENT I…SOUTHERN CALIFORNIA TENNIS ASSOCIATION: $26,458,315 · Recreation & SportsSOUTHERN CALIFORNIA TENNI…USTAMid-Atlantic Foundation: $22,351,883 · Recreation & SportsUSTAMid-Atlantic Foundati…USTA HAWAII PACIFIC INC: $4,803,825 · Recreation & Sports+33 more: $8,138,212 · Recreation & Sports+33 moreUSTA Northern: $11,667,867 · Human Services+2 more: $270,000 · Human ServicesKALAMAZOO COLLEGE: $128,000 · EducationNANCY LIEBERMAN CHARITIES: $108,500 · EducationFRIENDS OF WHITNEY M YOUNG HIGH SCHOOL: $70,000 · EducationWAKE FOREST UNIVERSITY: $65,000 · EducationTHE UNIVERSITY OF FLORIDA FOUNDATION INC: $55,000 · EducationBILLIE JEAN KING FOUNDATION: $50,000 · EducationHISPANIC ASSOCIATION OF COLLEGES & UNIVERSITIES: $46,000 · EducationFordham University: $43,000 · EducationUNIVERSITY OF MINNESOTA FOUNDATION: $37,819 · EducationWOMEN IN SPORTS AND EVENTS INC: $34,250 · EducationUniversity of Idaho Foundation Inc: $30,000 · EducationOklahoma State University Foundation: $30,000 · Education+3 more: $75,000 · EducationDON'T EVER GIVE UP INC: $325,000 · HealthLAKE NONA INSTITUTE INC: $140,000 · HealthMARCH OF DIMES INC: $117,500 · HealthARTHUR ASHE INSTITUTE FOR URBAN HEALTH INC: $85,616 · HealthLAKESHORE FOUNDATION: $63,950 · HealthMARY FREE BED REHABILITATION HOSPITAL: $37,375 · HealthDriving Force Group Inc: $65,000 · PhilanthropyWTA FOUNDATION INC: $50,000 · PhilanthropySOUTHERN CALIFORNIA TENNIS ASSOCIATION FOUNDATION: $37,000 · PhilanthropyCOURT SPORTS FOR LIFE FOUNDATION: $35,000 · PhilanthropyNOBILITY FOUNDATION: $35,000 · PhilanthropyPHIT WORLD FOUNDATION INC: $50,000 · Food & Nutrition
Other$384,295,915Recreation & Sports$114,200,836Human Services$11,937,867Education$772,569Health$769,441Philanthropy$222,000Food & Nutrition$50,000

Showing the 200 largest grantees by grant value.

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 budgetSOUTHERN TENNIS ASSOCIATION INC: $96,122,776 over 8y, 96% of budgetUSTA PLAYER DEVELOPMENT INCORPORATED: $52,448,601 over 4y, 99% of budgetUNITED STATES TENNIS ASSOCIATION INC: $46,365,613 over 8y, 68% of budgetUSTA TEXAS SECTION: $30,441,783 over 8y, 66% of budgetUSTA EASTERN INC: $29,118,768 over 8y, 78% of budgetUSTA NORTHERN CALIFORNIA: $27,858,475 over 8y, 76% of budgetUnited States Tennis Association Florida Section Inc: $26,649,791 over 8y, 70% of budgetSOUTHERN CALIFORNIA TENNIS ASSOCIATION: $26,458,315 over 8y, 72% of budgetINTERMOUNTAIN TENNIS ASSOCIATION: $24,815,102 over 8y, 99% of budgetUSTAMid-Atlantic Foundation: $22,351,883 over 8y, 51% of budgetUnited States Tennis Association- Middle States Section: $20,457,328 over 8y, 87% of budgetUSTA NEW ENGLAND INC: $19,316,657 over 8y, 81% of budgetUNITED STATES TENNIS ASSOCIATION MISSOURI VALLEY SECTION: $17,220,962 over 8y, 67% of budgetUSTA-PACIFIC NORTHWEST SECTION: $16,038,970 over 8y, 47% of budgetUSTA Northern: $11,667,867 over 8y, 76% of budgetUNITED STATES TENNIS ASSOCIATION SOUTHWEST SECTION INC: $10,659,355 over 8y, 76% of budgetUSTA HAWAII PACIFIC INC: $4,803,825 over 5y, 61% of budgetUSTA HAWAII PACIFIC SECTION: $2,851,657 over 4y, 57% of budgetRACQUET INDUSTRY RESEARCH GROUP: $2,839,500 over 7y, 64% of budgetLULU'S PLACE INC: $2,375,000 over 1y, 11% of budgetUSTA FOUNDATION INCORPORATED: $1,945,939 over 7y, 8.0% of budgetIntercollegiate Tennis Association Inc: $1,030,000 over 4y, 15% of budgetPROFESSIONAL TENNIS REGISTRY: $641,200 over 7y, 7.4% of budgetINTERNATIONAL TENNIS HALL OF FAME INCORPORATED: $572,550 over 8y, 0.7% of budgetRacquet Sports Professionals Association inc: $483,750 over 5y, 3.3% of budgetDON'T EVER GIVE UP INC: $325,000 over 7y, 0.4% of budgetJUNIOR TENNIS CHAMPIONS CENTER INC: $299,583 over 7y, 1.1% of budgetFIRST SERVE-NM INC: $270,000 over 1y, 2.8% of budgetYOUTH TENNIS SAN DIEGO: $187,920 over 5y, 5.3% of budgetTHE GATEWAY CONFLUENCE WHEELCHAIR SPORTS FOUNDATION: $179,875 over 4y, 100% of budgetNIRSA FOUNDATION: $171,070 over 5y, 23% of budgetWomens Sports Foundation: $142,500 over 6y, 0.5% of budgetLAKE NONA INSTITUTE INC: $140,000 over 4y, 2.9% of budgetKALAMAZOO COLLEGE: $128,000 over 4y, 0.1% of budgetMARCH OF DIMES INC: $117,500 over 6y, 0.0% of budgetTHE RECREATION WITH LIST COMMITTEE OF WASHINGTON DC: $110,000 over 3y, 4.9% of budgetNANCY LIEBERMAN CHARITIES: $108,500 over 3y, 3.7% of budgetRoss Initiative in Sports for Equality: $100,000 over 3y, 0.9% of budgetFRED WELLS TENNIS AND EDUCATION CENTER INC: $95,000 over 2y, 4.2% of budgetARTHUR ASHE INSTITUTE FOR URBAN HEALTH INC: $85,616 over 6y, 0.9% of budgetBATON ROUGE WHEELCHAIR TENNIS ASSOCIATION: $83,578 over 4y, 32% of budgetMOBILE AREA TENNIS ASSOCIATION INC: $73,500 over 6y, 3.8% of budgetTHE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE CAPITAL AREA: $70,000 over 1y, 0.7% of budgetHARLEM JUNIOR TENNIS AND EDUCATION PROGRAM INC: $70,000 over 4y, 5.0% of budgetTHE ADVERTISING COUNCIL INC: $70,000 over 2y, 0.1% of budgetFRIENDS OF WHITNEY M YOUNG HIGH SCHOOL: $70,000 over 1y, 16% of budgetWAKE FOREST UNIVERSITY: $65,000 over 2y, 0.0% of budgetDriving Force Group Inc: $65,000 over 2y, 3.9% 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.

  • Who funds SOUTHERN TENNIS ASSOCIATION INC ↗
  • Who funds USTA PLAYER DEVELOPMENT INCORPORATED ↗
  • Who funds UNITED STATES TENNIS ASSOCIATION INC ↗
  • Who funds USTA TEXAS SECTION ↗
  • Who funds USTA EASTERN INC ↗
  • Who funds USTA NORTHERN CALIFORNIA ↗
  • Who funds United States Tennis Association Florida Section Inc ↗
  • Who funds SOUTHERN CALIFORNIA TENNIS ASSOCIATION ↗
  • Who funds INTERMOUNTAIN TENNIS ASSOCIATION ↗
  • Who funds USTAMid-Atlantic Foundation ↗
  • Who funds United States Tennis Association- Middle States Section ↗
  • Who funds USTA NEW ENGLAND INC ↗
  • Who funds UNITED STATES TENNIS ASSOCIATION MISSOURI VALLEY SECTION ↗
  • Who funds USTA-PACIFIC NORTHWEST SECTION ↗
  • Who funds USTA Northern ↗
  • Who funds UNITED STATES TENNIS ASSOCIATION SOUTHWEST SECTION INC ↗
  • Who funds USTA HAWAII PACIFIC INC ↗
  • Who funds USTA HAWAII PACIFIC SECTION ↗
  • Who funds RACQUET INDUSTRY RESEARCH GROUP ↗
  • Who funds LULU'S PLACE INC ↗
  • Who funds USTA FOUNDATION INCORPORATED ↗
  • Who funds Intercollegiate Tennis Association Inc ↗
  • Who funds PROFESSIONAL TENNIS REGISTRY ↗
  • Who funds INTERNATIONAL TENNIS HALL OF FAME INCORPORATED ↗
  • Who funds Racquet Sports Professionals Association inc ↗
  • Who funds DON'T EVER GIVE UP INC ↗
  • Who funds JUNIOR TENNIS CHAMPIONS CENTER INC ↗
  • Who funds FIRST SERVE-NM INC ↗
  • Who funds PHIT AMERICA ↗
  • Who funds YOUTH TENNIS SAN DIEGO ↗
  • Who funds THE GATEWAY CONFLUENCE WHEELCHAIR SPORTS FOUNDATION ↗
  • Who funds NIRSA FOUNDATION ↗
  • Who funds Womens Sports Foundation ↗
  • Who funds LAKE NONA INSTITUTE INC ↗
  • Who funds KALAMAZOO COLLEGE ↗
  • Who funds MARCH OF DIMES 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.

Southern Tennis Assoc…Usta Foundation Incor…National Collegiate A…Usta Player Developme…National Recreation a…Folds of Honor Founda…American Chemical Soc…Usta Texas SectionUSTA NorthernWomens Sports Foundat…Move UnitedAmerican Council of L…
Southern Tennis Association IncGA93.1× affinity47 shared granteesties to 7 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Southern Tennis Association Inc · Usta Foundation Incorporated · National Collegiate Athletic Association · Usta Player Development Incorporated · National Recreation and Park Association · Folds of Honor Foundation · American Chemical Society · Usta Texas Section · USTA Northern · Womens Sports Foundation · Move United · American Council of Learned Societies

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 United States Tennis Association Incorporated funds: left to right is the share of its income from government, bottom to top the share from United States Tennis Association Incorporated. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 150%6%25%56%100%funder's share of their income ↑0%13%25%38%50%share of the org’s income from government →
    no gov moneyreceives it· size = income
    15get no government money at all
    21report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–50%
    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 554 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 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on United States Tennis Association’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