JENKINTOWN, Pa.--(BUSINESS WIRE)--National Philanthropic Trust (NPT), the largest national, independent donor-advised fund sponsor in the US, issued 26,168 donor-recommended grants totaling more than $626 million in mission-critical funding to charities in fiscal year 2016.
“NPT and our donors have been supporting charities of all sizes and missions for 20 years,” said Eileen Heisman, president and CEO of National Philanthropic Trust, which marked its 20th anniversary on July 10, 2016. “Over the past fiscal year, our donors recommended grants that furthered pediatric cancer research, supported employment opportunities for our nation’s veterans, built a no-kill animal shelter and improved access to clean water in developing countries. We are proud to partner with inspiring and innovative donors, their families, corporations and others to tackle major challenges around the globe.”
From July 1, 2015 to June 30, 2016, NPT donors supported 10,897 US and internationally-based charities with 26,168 grants totaling $626 million.
NPT ranks as one of the Top 25 largest grantmaking institutions in the US and accepts a wide range of assets as charitable donations. In the last 20 years, NPT has raised more than $6.2 billion in liquid and illiquid asset charitable contributions and has made more than 148,000 grants exceeding $3.6 billion to charities.
About National Philanthropic Trust
Founded in 1996, NPT is the largest national, independent charitable sponsor of donor-advised funds and ranks as one of the Top 25 largest grantmaking institutions in the US. NPT currently manages $2.9 billion in charitable assets. NPT is the trustee of NPT Charitable Asset Trust which specializes in converting illiquid donations like appreciated securities, real estate and art into mission critical charitable funding; NPTCAT.org. Every November, NPT publishes the Donor-Advised Fund Report, the industry’s authority on the state of DAF giving. Earlier in 2016, NPT launched HistoryofGiving.org, the most comprehensive digital exhibition detailing the last 500 years in philanthropy. Visit NPTrust.org for more.