8132 - Grantmaking and Giving Services
Grantmaking and Giving Services play a crucial role in fostering philanthropy and social impact across the United States. If your organization is involved in distributing funds or managing charitable donations, understanding NAICS code 8132 is essential. This NAICS classification helps businesses identify and navigate the federal contracting and social assistance landscapes effectively.
What is NAICS Code 8132?
NAICS code 8132 covers organizations primarily engaged in grantmaking and giving services. These entities focus on making grants to individuals, organizations, or other entities for charitable, educational, or other social purposes. They typically oversee the management of funds and the distribution of resources that support various philanthropic and nonprofit activities.
Sector: Social Assistance
NAICS 8132 falls under the broader Social Assistance sector, highlighting its vital link to improving community welfare and advancing public good.
Definition and Scope of NAICS Code 8132
Organizations classified under NAICS code 8132 are actively involved in:
- Making grants to individuals, nonprofit organizations, or institutions.
- Managing endowment funds.
- Supporting educational, charitable, cultural, and social initiatives through financial contributions.
- Facilitating philanthropic activities by acting as intermediaries between donors and recipients.
Typical Business Types and Activities
Here are some common types of organizations and activities included under NAICS 8132:
- Private Foundations: Organizations that manage their own funds and distribute grants based on their mission.
- Community Foundations: Local entities pooling donations to give back to regional causes.
- Charitable Trusts: Trusts created to hold and manage assets for charitable purposes.
- Grantmaking operations related to cultural, educational, religious, or social programs.
Size Standards for NAICS Code 8132
Understanding the size standards is crucial for federal contracting and eligibility for small business programs:
| NAICS Code | Industry Title | Size Standard (Employees) |
|---|---|---|
| 8132 | Grantmaking and Giving Services | $30 million (average annual receipts) |
- The size standard is based on average annual receipts, indicating that firms with receipts up to $30 million qualify as small businesses under this code.
NAICS Code 8132 - Detailed Code Table
| Attribute | Details |
|---|---|
| NAICS Code | 8132 |
| Title | Grantmaking and Giving Services |
| Sector | Social Assistance |
| Description | Organizations primarily engaged in making grants to individuals or organizations for charitable, educational, or other social purposes. |
| Typical Business Types | Private foundations, community foundations, charitable trusts |
| Size Standard | $30 million (average annual receipts) |
Why NAICS Code 8132 Matters in Social Assistance
Grantmaking organizations are vital components of the social assistance sector, as they:
- Provide funding and support for essential community programs.
- Empower nonprofit initiatives and educational projects.
- Facilitate targeted giving strategies aligned with donor interests.
- Help bridge gaps in public funding for social causes.
Frequently Asked Questions (FAQ)
What kinds of organizations use NAICS code 8132?
Primarily, private foundations, community foundations, and charitable trusts use this code to classify their grantmaking and philanthropic activities.
Does NAICS 8132 include organizations that directly provide social services?
No. NAICS 8132 focuses on grantmaking and giving services—not direct service provision. Organizations providing direct social assistance fall under different NAICS classifications within social services.
How is the size standard for this NAICS code determined?
The size standard is based on average annual receipts, with a cutoff at $30 million. This determines eligibility for small business programs in government contracting.
Can businesses outside of nonprofits qualify under NAICS 8132?
Grantmaking entities are typically nonprofit organizations or charitable trusts, but private foundations can be associated with individuals or corporations. The key is the primary activity of grantmaking.
By understanding the scope and details of NAICS code 8132 - Grantmaking and Giving Services, organizations can better navigate regulatory requirements, identify contracting opportunities, and effectively participate in the philanthropic ecosystem. Whether you're managing a community foundation or overseeing a charitable trust, this NAICS classification provides a roadmap for your operational and strategic planning.
