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ANALYSIS & RESULTS 44 4.1 METHODOLOGY To begin to understand the role that philanthropies are playing in carbon removal today, we analyzed a database of grants compiled by the Foundation Center. Once we had this data, we then interviewed dozens of key stakeholders in the philanthropic and climate change communities to get a better picture of what philanthropies thought about funding car- bon removal solutions. FOUNDATION CENTER DATA COLLECTION A more in depth explanation of our data methodology can be found in Appendix C. This report relies on data compiled from the Foundation Center Directory to understand how much and what type of funding philanthropies are providing to the carbon removal field today. The directory includes information on every grant dis- closed in IRS information returns (Forms 990 and 990-PF) from 2008 to 2014.41 The center also com- piles information from foundation websites, annual reports, and other sources to provide a grant-maker name, recipient name, amount, year given, and a description for each grant whenever possible. The Foundation Center database “tags” each grant with a broad category and allows users to search each grant using user-defined keywords. For this report, we relied on a subset of the database com- posed of grants tagged with the phrase “climate change” and a number of keywords related to carbon removal. Because the Foundation Center database does not explicitly code for “carbon removal” (and be- cause carbon removal can go by so many different names), we used a handful of definitions to esti- mate the likely range of funding for carbon remov- al solutions today. The first definition, labeled as “dedicated,” was the most narrow and only counted grants that were tagged with the specific carbon removal technologies (listed in Section 2.3) and focused clearly on carbon sequestration (i.e. were not focused on the non-sequestration co-benefits offered by many approaches).PDF Image | Philanthropy Final Report
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