We recently wrote a two-part blog on the top federal funding agencies and federal funding trends. (See Part 1 here.) In that article, we stressed that federal dollars are not the only place to get funding; in fact, we expect federal grant dollars to become even less abundant.
It is our expectation that private foundations, as well as corporations (see our recent article on some corporate funders here), will become more of a factor in funding for nonprofit groups and other organizations. The following is a list of the top 10 foundations by total giving, which includes grants, scholarships, employee matching gifts, and other monies, as listed on the Foundation Center website. Each has a short description of the foundation’s areas of interest. (Keep in mind that this list is different than a list of top 10 foundations by total assets.)
1. Bill & Melinda Gates Foundation
Washington ($3,239,412,884 given as of 12/31/2011)
The Bill & Melinda Gates Foundation focuses on three major initiatives: 1) Global Development, which includes poverty, agricultural development, access to technology, water/sanitation, etc. ; 2) Global Health, which includes initiatives for controlling or eliminating AIDS and malaria, issues related to nutrition, tobacco, and polio and other diseases; and 3) United States, which includes community grants, libraries, and learning.
2. Abbot Patient Assistance Foundation
Illinois ($594,182,250 given as of 12/31/2011)
The Abbot Patient Assistance Foundation provides assistance in the form of Abbot medications, medical nutritionals, and diabetes care products to those who are economically disadvantaged or lack prescription drug coverage.
3. Pfizer Patient Assistance Foundation, Inc.
New York ($569,495,443 given as of 12/31/2010)
The Pfizer Patient Assistance Foundation supplies Pfizer medications to uninsured, underinsured, and economically disadvantaged patients through health centers, hospitals, and healthcare providers.
4. GlaxoSmithKline Patient Access Programs Foundation
North Carolina ($555,867,032 given as of 12/31/2010)
The GlaxoSmithKline Patient Access Programs Foundation supplies non-oncology prescription medication to those who are economically disadvantaged and do not have prescription drug benefits.
5. Genentech Access to Care Foundation
California ($553,352,278 given as of 12/31/2011)
The Genentech Access to Care Foundation provides prescription medication to people who are economically disadvantaged.
6. Lilly Cares Foundation, Inc.
Indiana ($504,948,121 given as of 12/31/2011)
The Lilly Cares Foundation supplies pharmaceutical medications to economically disadvantaged patients who fall below the poverty level and are not eligible for third-party medication assistance.
7. Sanofi Foundation for North America
New Jersey ($497,491,467 given as of 12/31/2011)
The Sanofi Foundation for North America provides medication for patients who are below the federal poverty level and are not eligible for other third-party payments towards medication.
8. Johnson & Johnson Patient Assistance Foundation, Inc.
New Jersey ($496,523,981 given as of 12/13/2011)
The Johnson & Johnson Patient Assistance Foundation provides medical products to persons of need who lack prescription drug coverage.
9. Walton Family Foundation, Inc.
Arkansas ($487,795,351 given as of 12/31/2011)
The Walton Family Foundation focuses its funding in four areas: 1) reform of primary education, K-12; 2) the environment, specifically marine and freshwater conservation efforts; 3) the delta region of Arkansas and Mississippi; and 4) northwest Arkansas.
10. Ford Foundation
New York ($478,286,000 given as of 9/30/2012)
The Ford Foundation supports social change worldwide. It has eight different focuses: 1) human rights; 2) democratic and accountable government; 3) educational opportunity and scholarship; 4) economic fairness; 5) metropolitan opportunity; 6) sustainable development; 7) freedom of expression; and 8) sexuality and reproductive health and rights.
After reviewing this list of the top 10 most giving foundations, one will notice that seven of the ten foundations provide medication assistance to patients who are economically disadvantaged or do not have prescription drug coverage. The others have a variety of interests, one of which partially limited to certain geographical areas. For a list of the top 100 foundations, which have a much broader range of interests, see the Foundation Center’s “Top 100 U.S. Foundations by Total Giving.”
Current trends in grant funding and future projections emphasize the need for many organizations to depend less on federal funding. While many of the foundations on this top ten list might not suite your needs, we have the tools and resources necessary to help you find the foundations that are right for you. Please contact us today if you have any questions or would like to speak to a grant expert. Our initial consultations are always free.
Image credit: rweait-osm