JENKINTOWN, Pa.--(BUSINESS WIRE)--National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAF), granted $4.64 billion to qualified charitable organizations in the U.S. and 57 other countries on behalf of its donors in Fiscal Year 2023 (July 1, 2022 to June 30, 2023). NPT donors recommended a historic 107,464 grants to over 36,000 charitable organizations in the latest completed fiscal year.
Fiscal Year 2018 to Fiscal Year 2023, the total value of NPT grants to charitable organizations increased 362% from $1.01 billion to $4.46 billion, the number of grants increased 162% from 41,025 to 107,464, and the number of charities receiving grants increased 118% from 16,746 to 36,535.
“The data highlights how actively and reliably our DAF donors are supporting charitable organizations during global economic uncertainty,” said Eileen Heisman, CEO of National Philanthropic Trust. “During the Great Recession and the height of the COVID-19 pandemic, DAF grantmaking grew at historic rates. Now, charities are facing the impact that inflation and high interest rates are having on their operating budgets and missions. Consistent unrestricted giving, the most common grants that DAF donors recommend, helps charities to further their respective missions in the U.S. and around the world.”
Heisman continued, “NPT’s total dollar value of international grantmaking increased 6% in Fiscal Year 2023. These grants provide more mission-critical funding for charitable organizations to address critical humanitarian needs globally. NPT donors are engaged philanthropists and often quickly recommend grants in response to natural disasters or other pressing needs.”
NPT Fiscal Year 2023
- $4.64 billion in donor-recommended grants, a 362% increase compared to five-year benchmark, Fiscal Year 2018
- 107,464 grants to every state and the District of Columbia and 57 international charities, representing a 4% increase from Fiscal Year 2022 and a 162% increase from Fiscal Year 2018
- 36,535 charitable organizations received donor-recommended grants, a 5% increase from Fiscal Year 2022 and a 118% increase from Fiscal Year 2018
“We have some donors who choose to designate funds specifically to the dog-related component of our program and others specific to the reentry or social services provided to the program participants,” said Kyrie Palan, former Director of Community Outreach at New Leash on Life USA. “The majority of our DAF grants are unrestricted, which helps us keep the momentum of our mission going. Since our founding, we have helped almost 500 individuals improve the welfare of companion animals in our community. We are so grateful to our DAF donors.”
About National Philanthropic Trust
Founded in 1996, National Philanthropic Trust (NPT) is the largest national, independent public charity that manages donor-advised funds and one of the leading grantmaking institutions in the U.S. Since its founding, NPT has raised more than $49.8 billion in charitable funding and has made more than 640,000 grants exceeding $25.7 billion to nonprofits around the world. NPT annually publishes the Donor-Advised Fund Report, the sector’s authority on the state of DAF philanthropy. Visit NPT’s resource library to learn what you can do with a DAF and about NPT’s impact investing options. More at NPTrust.org and NPTGivingPoint.org.