Pass-through
A grant to an organization that regrants it, so the recorded recipient is not the final one.
When a funder grants to a donor-advised fund sponsor, a fiscal sponsor or an intermediary, the filing records that body as the recipient. The money then moves again, and the organization that ultimately does the work never appears in the first funder's return.
This is why totals by cause or by place understate some flows: the recorded destination is an account or an intermediary rather than an operating charity. Where a recipient is a known regranter, the grant is better read as money in transit than as money delivered.
See it in the data
Related terms
Questions and answers
- What is a pass-through?
- A grant to an organization that regrants it, so the recorded recipient is not the final one. When a funder grants to a donor-advised fund sponsor, a fiscal sponsor or an intermediary, the filing records that body as the recipient. The money then moves again, and the organization that ultimately does the work never appears in the first funder's return.
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