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We examine segmentation in the CMO philanthropy field. In particular, we assess the relationship between grantmaking and network position in shared funder and shared grantee networks. We explore whether centrally located foundations are more likely to fund centrally located grantees. Similarly, we explore whether peripheral foundations tend to fund peripheral grantees. We do so by employing social network and regression-based analyses. We find evidence to support our hypotheses. By bringing an understanding to the extent and nature of segmentation in the CMO philanthropy field, our study contributes to the burgeoning scholarship on education philanthropy in the United States.