What was the total of Beldon’s grant making?
We began our grant making in 1998 with assets of $100 million. After our first two years, annual grant making fluctuated between $9.5 and $15 million, three to four times more than is typical of foundations with similar asset size that have been set up to exist in perpetuity. In ten years we spent nearly $120 million in grants and foundation-directed projects.
