Press release via NPT
JENKINTOWN, Pa.--(BUSINESS WIRE)--National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAF), granted $5.53 billion on behalf of its donors during Fiscal Year 2022, representing a 303% increase of dollars granted compared to pre-pandemic giving in Fiscal Year 2019.
For the first time in NPT’s 26-year history, the number of grants to charities exceeded 100,000 (102,745) in Fiscal Year 2022, representing an increase of 17% compared to Fiscal Year 2021 and 98% increase compared to prepandemic Fiscal Year 2019. The number of charities that received grants also grew 14% in Fiscal Year 2022 and 67% compared to Fiscal Year 2019.
“More than ever, we are facing challenges broader than the communities where we live and work. NPT donors are responding to these challenges by recommending grants to U.S. and internationally based charitable organizations,” said Eileen Heisman, CEO of National Philanthropic Trust. “Donor grant recommendations to charitable areas 'health' 'international' and 'environment' represent the three most significant increases in both value and volume of NPT’s grants in Fiscal Year 2022. NPT donors continued to recommend unrestricted grants to causes important to them, thereby enabling charities to allocate funds where they are needed most. Our donors remained loyal to the charities they supported in the past while furthering their grantmaking in response to critical needs created by the war in Ukraine and the pandemic.”
Heisman continued, “NPT’s donors are engaged, active and dedicated. Our donors’ increased generosity has been incredibly rewarding for the NPT team to be a part of. We are gratified to be their partner and facilitate their charitable goodwill.”
NPT Fiscal Year 2022
- $5.53 billion in donor-recommended grants, representing an increase of 303% compared to prepandemic Fiscal Year 2019
- 102,745 grants to every state and the District of Columbia and international charities, representing an increase of 17% compared to Fiscal Year 2021 and a 98% increase from pre-pandemic giving in Fiscal Year 2019
- 34,000 charities received donor-recommended grants, representing an increase of 14% compared to Fiscal Year 2021 and a 67% increase from pre-pandemic giving Fiscal Year 2019
Donor interest in NPT’s impact investing pools continued to rise, with many citing an interest in aligning their investments and philanthropic objectives, a potential for “double bottom-line return,” as the catalyst.
Highlights of donor-recommended grants in Fiscal Year 2022 include gifts to transform the lives of the visually impaired through partnerships with service dogs, support building of mind and body of at-risk youth, repair vital infrastructure and support health facilities in Ukraine, provide resources that create sustainable change for women and their families, empower people of color with computer programming and technology skills, fund water sanitation programs around the world, and preserve U.S. parks.
NPT affiliates, NPT UK and NPT Transatlantic, also saw increases in volume of grantmaking in Fiscal Year 2022.
About National Philanthropic Trust
Founded in 1996, National Philanthropic Trust (NPT) marked its 25th Anniversary in 2021 as 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 $40.5 billion in charitable funding and has made more than 541,000 grants exceeding $21.0 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.