Local community and economic development depends on a combination of public and private funding. Grant dollars are an important source of funding for initiatives that create better-paying jobs and infrastructure to support revitalization, affordable housing, or improved systems for education or health care.
The updated Following the Money tool from the Federal Reserve allows users to explore data on grant funding for community and economic development from a variety of sources. In addition to the original research—which relied on data provided by the Foundation Center that captured grants of at least $10,000 made by the 1,000 largest foundations between 2009 and 2014—the tool brings in two new data sources on grantors: the U.S. Department of Housing and Urban Development (HUD) and intermediary grantors. From HUD, the tool incorporates data on grants to entitlement communities from three of its largest community development programs: HOME Investment Partnership Program, Neighborhood Stabilization Program, and Community Development Block Grant. The tool also brings in an exciting new data set on the activities of national re-grantors, also known as intermediary grantors, which are nonprofits that distribute funds to community development entities nationwide. Check out the interactive data tool and instructional videos on the Following the Money web page.