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Following the Money An Analysis of Foundation Grantmaking for Community and Economic Development The Federal Reserve Banks of Philadelphia and Atlanta recently investigated the way in which grants to support community and economic development activities were distributed across 366 metropolitan areas in the U.S. The research relied on data provided by the Foundation Center that captured grants of at least $10,000 made by the 1,000 largest foundations between 2008 and 2013. Here’s what we found. TOTAL GRANTMAKING VARIATION ACROSS METRO AREAS Nearly 169,000 grants to support local community and economic development efforts were made by the largest foundations during the study period. These grants totaled almost $15 billion. The typical metro area received roughly $3.3 million in community and economic development grant capital during the study period, or about $12.35 for every resident. In 18 metro areas, this figure fell below $1.00 per capita, while in another 18, it exceeded $100 per capita. 169,000 TOTAL GRANTS $15 billion PER CAPITA RANKINGS TOP 10 ACTIVITIES FUNDED Grants were directed to a wide variety of activities to promote community and economic development, enhance human capital, and improve residents’ quality of life. Educational activities accounted for roughly 30 cents of every dollar granted. Core Community and Economic Development 29% Education BOTTOM 10 Battle Creek, MI ......................................................... $392.59 San Francisco–Oakland–Fremont, CA ........................ $216.79 Omaha–Council Bluffs, NE–IA ................................... $214.78 Jonesboro, AR ............................................................ $157.80 Pittsburgh, PA ............................................................ $157.13 Flint, MI ..................................................................... $150.75 New Orleans–Metairie–Kenner, LA............................. $144.63 Washington–Arlington–Alexandria, DC–VA–MD–WV.. $142.64 Durham–Chapel Hill, NC ............................................ $140.81 Memphis, TN–MS–AR................................................ $132.68 357 358 359 360 361 362 363 364 365 366 Monroe, MI............................................................ $0.56 Mansfield, OH ....................................................... $0.49 Lebanon, PA .......................................................... $0.47 Warner Robins, GA ................................................ $0.32 Kankakee–Bradley, IL ............................................ $0.32 Sandusky, OH........................................................ $0.31 Longview, TX ......................................................... $0.24 Williamsport, PA .................................................... $0.18 Hattiesburg, MS..................................................... $0.17 Lake Havasu City–Kingman, AZ............................. $0.17 WHAT ATTRACTS GRANT CAPITAL? Human Services 18% 10% 30% 1 2 3 4 5 6 7 8 9 10 Our research shows that metro areas that received a greater level of per capita grant support: Health 13% 250K Other are home to a large foundation have a dense nonprofit sector Dollar amounts are inflation-adjusted to 2013. For more information, read “Following the Money: An Analysis of Foundation Grantmaking for Community and Economic Development,” written by Keith Wardrip, Will Lambe, and Mels de Zeeuw and published by The Foundation Review (2016, forthcoming). An interactive tool to explore the results of this research can be found at https://www.frbatlanta.org/followingthemoney. The views expressed here are those of the authors and do not necessarily represent the views of the Federal Reserve Banks of Philadelphia or Atlanta or the Federal Reserve System. have 250,000 residents or more are more impoverished are located in the West
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