This report represents the third and final year of this three-year research effort. CEP invited the more than 1,900 organizations listed on Scott’s Yield Giving website that had received a gift between 2020 and early 2024 to complete the year three survey. This final year of research has included a deeper focus on the effects of these gifts as well as the implications of these gifts on the financial health of recipient organizations. It has also included a broader effort than in previous years to understand foundation leaders’ beliefs and practices as they relate to the provision of large, unrestricted grants with few time limits on when the funds need to be spent.