Grantmaking Foundations

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. Illustrative Examples: Community foundations Philanthropic trusts Corporate foundations, awarding grants Scholarship trusts Grantmaking foundations

Community chest fundraising organizations are classified in U.S. Industry 813219, Other Grantmaking and Giving Services; and Establishments primarily engaged in providing trust management or administration services for others are classified in Industry Group 5239, Other Financial Investment Activities.