AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

National Philanthropic Trust Donors Recommend Record 46,000+ Grants Exceeding $1 Billion in 2018

February 14, 2019

JENKINTOWN, Pa.--(BUSINESS WIRE)--Feb 14, 2019--National Philanthropic Trust (NPT), the largest national, independent donor-advised fund (DAF) sponsor issued a record 46,452 grants to charities on behalf of its donors, representing more than $1 billion in 2018.

“The number of grants from NPT donors grew 28 percent. For the first time, the value of NPT’s grants exceeded $1.0 billion in 2018, reaffirming DAF donors’ heightened engagement and commitment to charitable giving,” said Eileen Heisman, CEO of NPT. “New tax laws fueled interest in donor-advised funds. We expect grantmaking will continue to grow as new donors harness the power and flexibility of their donor-advised funds to support their favorite causes.”

2018 NPT Year in Review, Jan. 1 to Dec. 31:

- $1.0 billion in grants (12% increase from $914.8 million in 2017)

- 46,452 grants to US and international charities (28% increase from 36,406 in 2017)

- $2.6 billion in charitable contributions (8% increase from $2.4 billion in 2017)

- 7,956 donor-advised fund accounts (24% increase from 6,430 in 2017)

In 2018, NPT donors recommended grants to thousands of charities in the US and internationally. NPT’s donors supported a wide range of charities, including those that assisted victims of the California wildfires, tackled social justice issues in Chicago and promoted children’s health in Beijing. View a map of NPT grants here.

NPT’s UK affiliate, NPT UK, also saw record grants last year. The London-based charity made 394 grants totaling £12.5M, a 37% and 74% increase over 2017, respectively.

About National Philanthropic Trust

Founded in 1996, NPT is the largest, national, independent donor-advised fund sponsor and has raised nearly $13 billion in charitable contributions. NPT currently manages $7.4 billion in charitable assets and has made more than 246,000 grants totaling $5.9 billion to charities around the world. NPT ranks among the 25 largest grantmaking institutions in the United States. NPT annually publishes the Donor-Advised Fund Report, the industry’s authority on the state of DAF giving. In 2016, NPT launched HistoryofGiving.org, the world’s first, most comprehensive digital narrative of the last 500 years in philanthropy. More at NPTrust.org.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190214005149/en/

CONTACT: For National Philanthropic Trust

Richard Virgilio, 973-879-9080

richard@virgilio.media

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PHILANTHROPY PROFESSIONAL SERVICES ACCOUNTING BANKING CONSULTING FINANCE LEGAL OTHER PHILANTHROPY FOUNDATION FUND RAISING

SOURCE: National Philanthropic Trust

Copyright Business Wire 2019.

PUB: 02/14/2019 09:00 AM/DISC: 02/14/2019 09:01 AM

http://www.businesswire.com/news/home/20190214005149/en