Grantmaking Foundations
Key Figures
Figures are published for NAICS 813211 directly.
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Official definition
This U.S. industry comprises establishments known as grantmaking foundations or charitable trusts. Establishments in this industry award grants from trust funds based on a competitive selection process or the preferences of the foundation managers and grantors; or fund a single entity, such as a museum or university.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Illustrative examples
- Community foundations
- Philanthropic trusts
- Corporate foundations, awarding grants
- Scholarship trusts
- Grantmaking foundations
Which code does this activity belong in?
Grantmaking foundations award grants from accumulated trust funds to selected recipients based on competitive processes or foundation preferences, distinguishing them from fundraising organizations. Establishments in this industry may fund a single entity such as a museum or university, or distribute grants across multiple beneficiaries. This differs from voluntary health organizations in 813212, which primarily raise funds specifically for health-related research and services rather than distributing from endowed trusts. It also differs from other grantmaking and giving services in 813219, which raise funds for diverse social welfare causes but do not operate as grant-awarding foundations with trust-based resources.