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Wallace H Coulter Trust at a glanceAlso receives grants: funding profile →

· Private foundation

Wallace H Coulter Trust

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$16M
Granted FY2024still arriving
90
Grants FY2024still arriving
27
States reached
$1.0M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
0199% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.

Civil Rights$19MPublic Benefit$15MPhilanthropy$3.9MArts & Culture$3.2MCommunity Improvement$3.1MHuman Services$3.0MEducation$1.4MCrime & Legal$953kOther$0
02FY2024 · 90 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k33 grants · $31k
  • $50k–250k23 grants · $3.0M
  • $250k+34 grants · $13M
$125,000
Median grant
27
States reached
$0
Total assets
Largest grants
RecipientAmount
Asian & Pacific Islander American Vote$1,001,300
Anti-Defamation League$1,000,000
America Votes Education Fund$750,000
Asian Community Development Council$515,500
Asian American Community Fund of PennsylvaniaCenter for Empowered Politics$501,450
Center for Empowered Politics Education Fund$501,000
Asian American Power Network Education FundCenter for Empowered Politics Ed$500,750
New Virginia Majority Education Fund$500,000
Drexel University$500,000
North Carolina Asian Americans Together$500,000
Freedom Inc$451,250
Asian American Education Project$350,750
National Partnership for New Americans$303,750
Center on Civic Engagement$301,400
Neo Philanthropy Inc$301,260
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 (FY20–24, $7.3M) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 77% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%Minkwon Center for Community Action Inc: $151k → 13%Naeva: $250k → 14%Freedom Inc: $451k → 10%Asian Americans Advancing Justice-Atlanta: $301k → 9%Asian Services in Action Inc: $200k → 13%Asian Counseling and Referral Service: $300k → 9%Sacred Pipe Resource Center: $100k → 10%Minkwon Center for Community Action Inc: $100k → 13%NAEVA: $250k → 14%Freedom Inc: $450k → 10%Asian Americans Advancing Justice-Atlanta: $300k → 9%Asian Services in Action Inc: $150k → 13%Asian Counseling and Referral Service: $150k → 9%Sacred Pipe Resource Center: $100k → 10%Freedom Inc: $150k → 10%Asian Americans Advancing Justice-Atlanta: $200k → 9%Asian Counseling and Referral Service: $91k → 9%National Partnership for New Americans: $304k → 14%Korean Resource Center: $234k → 14%Freedom Inc: $100k → 10%Asian Americans Advancing Justice-Atlanta: $100k → 9%Asian Counseling and Referral Services: $550 → 9%National Partnership for New Americans: $300k → 14%National Partnership for New Americans: $300k → 14%Southeast Asian Mutual Assistance Associations Coalition Inc: $251k → 22%Indian American Impact Project: $500k → 14%Southeast Asian Mutual Assistance Associations Coalition: $150k → 22%Indian American Impact Project: $350k → 14%Immigrant Legal Resource Center: $1k → 10%Tides Center: $250k → 10%Asian American Federation: $850 → 17%Institute for Asian Pacific American Leadership & Advancement: $500k → 14%Institute for Asian Pacific American Leadership & Advancement: $250k → 14%IAPALA: $350 → 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

AK
WA
MT
ND
MN
IL
WI
MI
NY
MA
OR
NV
OH
PA
CA
UT
CO
VA
MD
AZ
NM
AR
TN
NC
DC
HI
LA
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.

83%of every dollar goes to organizations it has funded before.
$43M · 59 repeat orgs$8.7M to everyone else

Grantees it renews have grown median revenue +8% since the first grant, against -15% for those funded once.

59 repeat relationships: 49 still active in FY2024, 10 since wound down; 34 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

59
21

Total granted

$43M
$4.9M

Median revenue growth · since first grant

+8%
-15%

Still filing today

86%
43%

New vs renewed · share of each year

In FY2024, 76% of grant dollars renewed an existing relationship; $3.8M went to new ones.

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

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

’20’21’22’23’24
Civil RightsHuman ServicesEducationArts & CultureHealthPhilanthropyOther
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

  • NEO Philanthropy Inc
    2× · 2020–2024 · $2.4M · revenue +27%
  • AC
    ASIAN COMMUNITY DEVELOPMENT COUNCIL
    4× · 2021–2024 · $1.6M · revenue +131%
  • NC
    NORTH CAROLINA ASIAN AMERICANS TOGETHER
    3× · 2022–2024 · $1.6M · revenue +62%

Funded once

  • GW
    GREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INCgraduated
    one grant, 2020 · $500k · revenue +30%
  • AA
    Asian American Community FundCenter for Empowered Politics Education Fund
    one grant, 2023 · $500k
  • PC
    POWER COALITION FOR EQUITY AND JUSTICEgraduated
    one grant, 2023 · $300k · revenue +760%
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
Asian Americans Advancing Justice Southern California

Ajsocal is a social justice organization that protects and strengthens the rights and dignity of asian american and pacific islander (aapi) communities, especially those that are most disadvantaged.

Crime & Legal
2
Asian Pacific Islander American Public Affairs - Community Education Foundation

Advancing the AANHPI communities through increased leadership and civic engagement.

Civil Rights
3
Aapi Equity Alliance

Aapi equity alliance is a coalition of community-based organizations that advocates for the rights and needs of the asian and pacific islander (api) community in the greater los angeles area, with particular focus on low-income, immigrant,…

Human Services
4
Asian Pacific American Legal

To advance the legal and civil rights of Asian Pacific Americans through direct services, education and advocacy.

Crime & Legal
5
Asian American Advocacy Alliance
Community Improvement
6
Asians for Collective Action

Asians for Collective Action (ACA) harnesses the strenghts of Asians and Asian Americans to drive systemic change to create a just, healthy, and thriving community for all.

Public Benefit
7
National Coalition for Asian Pacific American Community Development

National CAPACD advances equity and creates vibrant, healthy neighborhoods by mobilizing and strengthening a powerful coalition of community-based organizations working in low-income Asian American, Native Hawaiian, and Pacific Islander…

Community Improvement
8
Asian American Legal Defense and Education Fund

The asian american legal defense and education fund (aaldef), founded in 1974, is a national organization that protects and promotes the civil rights of asian americans through litigation, advocacy, education, and organizing.

—
9
Asian Immigrant Women Advocates Inc

Asian Immigrant Women Advocates empowers low-income, limited English speaking immigrant women and youth through education, leadership development and civic participation programs.

Human Services
10
Asian American Lead

To empower AAPI youth in underserved communities through culturally responsive programming and advocacy.AALEAD envisions a United States in which all youth are supported, empowered, and celebrated within equitable, abundant and thriving…

Human Services
11
Ncaat in Action

Ncaat in action is committed to supporting equity and justic for all by building political power among aapis (asian american pacific islanders) and allies in north carolina through voter education, progressive advocacy and leadership…

Human Services
12
Coalition of Asian American Leaders

The Coalition of Asian American Leaders (CAAL) is a network organization of Asian Minnesotan leaders harnessing our collective power to improve the lives of community.

Arts & Culture
How this is measured
The grantee most central to the portfolio’s shape is Asian Americans Advancing Justice - Aajc Inc; the most unlike its peers is Drexel University. 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

83 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. 83 of the 117 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.

7
Load-bearing (≥25% of a budget)
11
Early backer (in before they grew)
82/83
Grantees still filing
40/83
Grew since first funded

Where the money sits, by cause and then by grantee

Asian & Pacific Islander American Vote: $3,401,300 · Civil RightsAsian & Pacific Islander American Vot…NORTH CAROLINA ASIAN AMERICANS TOGETHER: $1,550,000 · Civil RightsNORTH CAROLINA ASIAN AMERICANS TOGETH…CENTER FOR EMPOWERED POLITICS EDUCATION FUND: $1,501,000 · Civil RightsCENTER FOR EMPOWERED POLITICS EDUCATI…ASIAN AND PACIFIC ISLANDER AMERICAN VOTE - MICHIGAN: $1,500,000 · Civil RightsASIAN AND PACIFIC ISLANDER AMERICAN V…TENNESSEE IMMIGRANT AND REFUGEE RIGHTS COALITION: $1,100,700 · Civil RightsTENNESSEE IMMIGRANT AND REFUGEE RIGHT…CENTER ON CIVIC ENGAGEMENT: $1,051,400 · Civil RightsCENTER ON CIVIC ENGAGEMENTANTI-DEFAMATION LEAGUE: $1,000,000 · Civil RightsANTI-DEFAMATION LEAGUESTATE VOICES: $1,000,000 · Civil RightsSTATE VOICESAmerica Votes Education Fund: $850,000 · Civil RightsNATIVE AMERICAN RIGHTS FUND INC: $825,000 · Civil RightsILLINOIS COALITION FOR IMMIGRANT AND REFUGEE RIGHTS: $701,750 · Civil RightsSikh American Legal Defense & Education: $650,900 · Civil Rights+10 more: $2,268,350 · Civil Rights+10 moreAsian American Power Network Education FundCenter for Empowered Politics: $1,000,000 · OtherAsian American Power Network Educati…ORGANIZATION OF CHINESE AMERICANS OF GREATER HOUSTON: $900,000 · OtherORGANIZATION OF CHINESE AMERICANS OF…National Council of Asian Pacific Americans Tides Center: $800,000 · OtherA Healthier Democracy Inc DBA Vot-ER: $750,350 · OtherWESTERN NATIVE VOICE EDUCATION PROJECT: $750,000 · OtherNEW YORK IMMIGRATION COALITION INC: $700,850 · OtherNATIONAL TONGAN AMERICAN SOCIETY: $624,610 · OtherChinatown Progressive Association aka Chinese Progressive Association Bosto: $602,000 · OtherAPANO COMMUNITIES UNITED FUND: $601,250 · OtherACCESS PHILANTHROPY CHARITIES: $675,000 · OtherCAPI USA: $924,853 · OtherCAPI USA+50 more: $8,257,180 · Other+50 moreFREEDOM INC: $1,151,250 · Human ServicesFREEDOM INCNATIONAL PARTNERSHIP FOR NEW AMERICANS: $903,750 · Human ServicesNATIONAL PARTNE…ASIAN AMERICANS ADVANCING JUSTICE ATLANTA INC: $900,650 · Human ServicesASIAN AMERICANS…Indian American Impact Project: $850,000 · Human ServicesIndian American…INSTITUTE FOR ASIAN PACIFIC AMERICAN LEADERSHIP AND ADVANCEMENT: $750,350 · Human ServicesINSTITUTE FOR A…ASIAN COUNSELING AND REFERRAL SERVICE: $541,550 · Human ServicesASIAN COUNSELIN…NAEVA: $500,000 · Human ServicesNAEVASOUTHEAST ASIAN MUTUAL ASSISTANCE ASSOCIATIONS COALITION INC: $401,250 · Human ServicesSOUTHEAST ASIAN…ASIAN SERVICES IN ACTION INC: $350,000 · Human ServicesMINKWON CENTER FOR COMMUNITY ACTION INC: $251,150 · Human ServicesTIDES CENTER: $250,000 · Human Services+4 more: $435,950 · Human Services+4 moreNATIONAL URBAN INDIAN FAMILY COALITION: $1,350,000 · Arts & CultureASIAN AMERICAN JOURNALISTS ASSOCIATION: $650,400 · Arts & CultureGREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC: $500,000 · Arts & CultureCenter for Asian American Media: $450,650 · Arts & CultureASIAN PACIFIC INSTITUTE ON GENDER-BASED VIOLENCE: $201,450 · Arts & CultureNEO Philanthropy Inc: $2,401,260 · Public BenefitProgress Michigan Education Inc: $150,000 · Public BenefitOHIO VOICE: $150,000 · Public BenefitVIRGINIA NEW MAJORITY EDUCATION FUND: $1,000,000 · EducationDREXEL UNIVERSITY: $500,000 · EducationTHE ASIAN AMERICAN EDUCATION PROJECT: $350,750 · EducationNEW AMERICAN LEADERS INC: $300,500 · EducationCLARKSON UNIVERSITY: $250,000 · EducationCOUNCIL FOR NATIVE HAWAIIAN ADVANCEMENT: $103,000 · Education+1 more: $1,750 · EducationASIAN COMMUNITY DEVELOPMENT COUNCIL: $1,565,500 · Community ImprovementCOMMUNITY PARTNERS: $250,550 · Community ImprovementWESTERN ORGANIZATION OF RESOURCE COUNCILS EDUCATION PROJECT: $250,000 · Community ImprovementFIRST ALASKANS INSTITUTE: $200,000 · Community Improvement
Civil Rights$17,400,400Other$16,586,093Human Services$7,285,900Arts & Culture$3,152,500Public Benefit$2,701,260Education$2,506,000Community Improvement$2,266,050

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

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetAsian & Pacific Islander American Vote: $3,401,300 over 3y, 19% of budgetNEO Philanthropy Inc: $2,401,260 over 2y, 1.6% of budgetASIAN COMMUNITY DEVELOPMENT COUNCIL: $1,565,500 over 4y, 9.7% of budgetNORTH CAROLINA ASIAN AMERICANS TOGETHER: $1,550,000 over 3y, 21% of budgetCENTER FOR EMPOWERED POLITICS EDUCATION FUND: $1,501,000 over 3y, 4.8% of budgetASIAN AND PACIFIC ISLANDER AMERICAN VOTE - MICHIGAN: $1,500,000 over 3y, 43% of budgetNATIONAL URBAN INDIAN FAMILY COALITION: $1,350,000 over 2y, 25% of budgetFREEDOM INC: $1,151,250 over 4y, 11% of budgetTENNESSEE IMMIGRANT AND REFUGEE RIGHTS COALITION: $1,100,700 over 3y, 16% of budgetCENTER ON CIVIC ENGAGEMENT: $1,051,400 over 4y, 79% of budgetANTI-DEFAMATION LEAGUE: $1,000,000 over 1y, 0.6% of budgetVIRGINIA NEW MAJORITY EDUCATION FUND: $1,000,000 over 2y, 8.2% of budgetSTATE VOICES: $1,000,000 over 3y, 2.5% of budgetCAPI USA: $924,853 over 4y, 7.1% of budgetNATIONAL PARTNERSHIP FOR NEW AMERICANS: $903,750 over 3y, 7.3% of budgetASIAN AMERICANS ADVANCING JUSTICE ATLANTA INC: $900,650 over 3y, 5.8% of budgetORGANIZATION OF CHINESE AMERICANS OF GREATER HOUSTON: $900,000 over 3y, 20% of budgetIndian American Impact Project: $850,000 over 2y, 47% of budgetAmerica Votes Education Fund: $850,000 over 2y, 9.1% of budgetNATIVE AMERICAN RIGHTS FUND INC: $825,000 over 3y, 1.8% of budgetINSTITUTE FOR ASIAN PACIFIC AMERICAN LEADERSHIP AND ADVANCEMENT: $750,350 over 3y, 59% of budgetWESTERN NATIVE VOICE EDUCATION PROJECT: $750,000 over 2y, 24% of budgetILLINOIS COALITION FOR IMMIGRANT AND REFUGEE RIGHTS: $701,750 over 2y, 0.7% of budgetNEW YORK IMMIGRATION COALITION INC: $700,850 over 3y, 3.7% of budgetACCESS PHILANTHROPY CHARITIES: $675,000 over 3y, 18% of budgetSikh American Legal Defense & Education: $650,900 over 3y, 21% of budgetASIAN AMERICAN JOURNALISTS ASSOCIATION: $650,400 over 3y, 18% of budgetNATIONAL TONGAN AMERICAN SOCIETY: $624,610 over 4y, 11% of budgetAPANO COMMUNITIES UNITED FUND: $601,250 over 3y, 4.2% of budgetASIAN COUNSELING AND REFERRAL SERVICE: $541,550 over 4y, 0.7% of budgetDREXEL UNIVERSITY: $500,000 over 1y, 0.0% of budgetNAEVA: $500,000 over 2y, 17% of budgetGREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC: $500,000 over 1y, 0.4% of budgetNATIONAL CONGRESS OF AMERICAN INDIANS FUND: $500,000 over 2y, 2.8% of budgetONE ARIZONA: $450,750 over 2y, 2.5% of budgetCenter for Asian American Media: $450,650 over 2y, 5.0% of budgetASIAN AMERICANS UNITED INC: $450,300 over 2y, 49% of budgetORANGE COUNTY ASIAN AND PACIFIC ISLANDER: $401,500 over 3y, 1.9% of budgetSOUTHEAST ASIAN MUTUAL ASSISTANCE ASSOCIATIONS COALITION INC: $401,250 over 2y, 9.0% of budgetASIAN AMERICANS ADVANCING JUSTICE - CHICAGO: $351,200 over 2y, 4.4% of budgetTHE ASIAN AMERICAN EDUCATION PROJECT: $350,750 over 1y, 22% of budgetASIAN SERVICES IN ACTION INC: $350,000 over 2y, 2.6% of budgetEvery Voice Texas dba Asian Texans for Justice: $301,000 over 1y, 19% of budgetNEW AMERICAN LEADERS INC: $300,500 over 3y, 11% of budgetSANTA CLARA COUNTY ASIAN LAW ALLIANCE: $300,500 over 3y, 3.2% of budgetSouth Asian Americans Leading Together: $300,000 over 2y, 65% of budgetAsian Pacific Amer InstitCongressional: $300,000 over 2y, 4.1% of budgetMINKWON CENTER FOR COMMUNITY ACTION INC: $251,150 over 2y, 5.4% 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.

Wallace H Coulter Fou…NEO Philanthropy IncNew Venture FundTides FoundationGofundmeorgAsian Americans Advan…Amalgamated Charitabl…Asian & Pacific Islan…Asian & Pacific Islan…Proteus Fund IncMarguerite Casey Foun…Silicon Valley Commun…
Wallace H Coulter FoundationFL85× affinity38 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Wallace H Coulter Foundation · NEO Philanthropy Inc · New Venture Fund · Tides Foundation · Gofundmeorg · Asian Americans Advancing Justice - Aajc Inc · Amalgamated Charitable Foundation Inc · Asian & Pacific Islander American Vote · Asian & Pacific Islander American Health Forum · Proteus Fund Inc · Marguerite Casey Foundation · Silicon Valley Community 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 Wallace H Coulter Trust funds: left to right is the share of its income from government, bottom to top the share from Wallace H Coulter Trust. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 60%6%23%51%90%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
    6get no government money at all
    24report 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 Wallace H Coulter Trust?

    Find your warmest path to Wallace H Coulter Trust 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 117 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 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Wallace H Coulter’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