Grants for economic development organizations

Name: Top 25 grants made to economic development organizations
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

1,851 economic development organizations received at least $207.6 million in grants for the most recent fiscal year. This includes 871 grants made from 651 grantmaking organizations, with a median grant amount of $2,500. Of these 651 foundations, 86% made just a single grant to economic devel orgs, and 2% made grants to four or more economic devel orgs. This analysis is based on grantmakers that e-file their Form 990s, and likely is an undercount of grants.

$207,573,554

Total grant dollars given to economic development organizations

871

Number of grants made annually to economic development organizations

651

Number of grantmakers funding economic development organizations

$2,500

Median grant size to economic development organizations

Foundations that support economic development organizations

Out of all grants made to economic development organizations, 63% came from small foundations with less than $10 million in assets. The top 10 grantmakers accounted for 90% of the dollar-value of grants to economic devel orgs. Foundations funding economic devel orgs also made grants to multiservice human service organizations, youth development programs, scholarship organizations, educational service providers, and community development corporations.

Foundation size

Foundation size	Number of grantmakers
Small	412
Medium	98
Large	141

Small foundations have <$10M in assets. Medium foundations have $10M to $50M in assets. Large foundations have >$50M in assets.

Foundation type

Foundation type	Number of grantmakers
Community	39
Private	437
Corporate	55
Other	120

Grants made

Grants made to economic devel orgs	Number of grantmakers
1	561
2-3	72
4-10	15
11+	3

Top 10 foundations supporting economic development organizations

Grantmaker	State	Geographic focus	Percent of grant dollars to economic devel orgs	Number of grants made to economic devel orgs	Median grant size
JP Morgan Chase Foundation	NY	National	8.4%	31	$250
Chubb Charitable Foundation	PA	National	0.0%	27	$31
Arkansas Community Foundation	AR	State	0.1%	12	$1,000
The Rhode Island Foundation	RI	Metro	0.1%	10	$1,769
Carmax Foundation	VA	National	0.1%	7	$1,000
Abbvie Foundation	IL	National	0.0%	7	$40
The Columbus Foundation	OH	State	0.0%	6	$5,000
Land O'Lakes Foundation	MN	National	0.1%	6	$1,485
Greater Green Bay Community Foundation (GGBCF)	WI	State	0.2%	5	$5,000
The Boston Foundation (TBF)	MA	Metro	0.0%	5	$2,500

See all grantmaking to economic development organizations

Economic development organizations grantees

Economic development organizations with more than $5 million in total revenues received 78% of all grant dollars. These larger organizations accounted for 15% of all economic devel orgs.

Grant amounts

Size of grant	Number of grants
<$10k	848
$10k-$25k	0
$25k-$100k	0
$100k+	23

Grant amount by grantee size

Grantee annual revenue	Median grant size
<$100k	$2,000
$100k-$500k	$2,000
$500k-$1M	$2,350
$1M-$5M	$2,500
>$5M	$3,013

Grantee states

State of grantee	Number of grants
New York	78
Pennsylvania	68
Virginia	61
Ohio	59
Other	605

Grantee metros

Metro area of grantee	Number of grants
New York City	55
Boston	32
Virginia Beach	31
Chicago	31
Other	595

Top 25 grants made to economic development organizations

Grantee	Grant size	Purpose	Grantmaker
San Diego Tourism Authority / San Diego Convention and Tourist Bureau	$35,614,292	Psa 1	San Diego Tourism Marketing District (SDTMD)
Self-Help Ventures Fund	$29,149,282	Cost	Center for Community Self-Help
North Carolina Rural Center	$20,227,608	See Part Iv	Golden LEAF Foundation
Self-Help Ventures Fund	$12,720,675	Highest Balance in 2019	Center for Community Self-Help
Local Initiatives Support Corporation	$12,500,000	Support Community Development	National Equity Fund
Citywide Development Corporation	$11,977,086	Community Development	Miami Valley Hospital
Mission Asset Fund (MAF)	$9,000,000	To Provide Covid-19 Support	Blue Meridian Partners
Community First Capital Corporation	$8,806,260	Amt Due on Note-Yr End	Community First Fund
Community First Capital Corporation	$8,806,260	Amt Due on Note-Yr End	Community First Fund
JobsOhio	$7,235,270	Revenue	JobsOhio
JobsOhio	$7,235,270	Revenue	JobsOhio
Bridgeway Development Corporation	$6,760,000	Guarantee	Bridgeway Capital
Local Initiatives Support Corporation	$4,624,000	Community Preservation and Development	Enterprise Community Partners
The national Development council	$4,000,000	Support General Operations	NDC HOUSING and ECONOMIC DEVELOPMENT corporation
Mission Economic Development Agency (MEDA)	$3,840,000	In Support of Neighborhood Revitalization	JP Morgan Chase Foundation
The Real Estate Council Community Fund	$3,500,000	In Support of Neighborhood Revitalization	JP Morgan Chase Foundation
Pittsburgh Regional Alliance	$3,336,896	Cash	Allegheny Conference on Community Development
Hope Enterprise Corporation	$3,175,000	Community Development	Silicon Valley Community Foundation (SVCF)
Pittsburgh Regional Alliance	$2,904,239	Operating Support	Allegheny Conference on Community Development
Ohio Capital Finance Corporation	$2,500,000	In Support of Neighborhood Revitalization	JP Morgan Chase Foundation
Local Initiatives Support Corporation	$2,500,000	In Support of Neighborhood Revitalization	JP Morgan Chase Foundation
Cinnaire Lending Corporation	$2,500,000	In Support of Neighborhood Revitalization	JP Morgan Chase Foundation
Cleveland Development Advisors Community Reinvestment Fund	$2,500,000	In Support of Neighborhood Revitalization	JP Morgan Chase Foundation
Junior Achievement of Greater Hampton Roads	$5,000	Donation	Monarch Charities
Tulsa Dream Center	$5,000	Outreach To Families in Need	Openness Foundation

See all grants to economic development organizations

Methodology: To determine grants and grantees, Cause IQ analyzes electronically-filed Form 990, Form 990-EZ, and Form 990-PF financial disclosure documents, matching grantees to specific organizations using EINs and fuzzy matching logic. The "Economic development organizations" category for this page is determined by the "S30: Economic Development" National Taxonomy of Exempt Entities (NTEE) code. Cause IQ determines NTEEs for organizations by its own internally-developed secret-sauce algorithms.