NAICS UNIVERSITY · Free research for insurance agents
Grantmaking Foundations
NAICS 813211 · United States · 2022 edition
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.
Activities described by this code
- Community foundations
- OTHER SERVICES (EXCEPT PUBLIC ADMINISTRATION) 581
- Corporate foundations, awarding grants
- Scholarship trusts
- Philanthropic trusts
- Grantmaking foundations
Other activities to examine
Census classification reference
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Compare another operationInsurance operations research — draft
Grantmaking foundations receive, manage, and disburse funds to qualifying individuals, nonprofits, or institutions through a competitive or discretionary process. Day-to-day activity typically involves reviewing grant applications, conducting due diligence on applicants, managing investment portfolios or endowment assets, and maintaining compliance with IRS rules for charitable organizations. Staff may include program officers, finance personnel, and administrative support, with a board of directors or trustees overseeing governance.
Questions to investigate
- What is the foundation's total asset size and approximate annual grant disbursement volume?
- How many board members and employees does the foundation currently have?
- Does the foundation manage an investment portfolio, endowment, or employee benefit plan subject to fiduciary oversight?
- Are grant decisions made by staff, the board, or an outside committee — and is the selection process formally documented?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.