The National Philanthropic Trust has announced that its donor-advised funds awarded $2.11 billion in fiscal year 2020, a 54 percent increase from the $1.39 billion awarded in 2019.
Between July 1, 2019, and June 30, 2020, the donor-advised fund sponsor disbursed nearly seventy-four thousand grants to 25,845 organizations across the United States and globally, with the number of grants made in March, April, May, and June 2020 up 69 percent on average, indicating a significant response by donors to the COVID-19 pandemic. Among other things, NPT donors provided support for COVID-19 vaccine research at a virology lab in Boston, animal welfare organizations in Chicago, food assistance for the elderly in Knoxville, child care for first-responders in New York City, and efforts to help small business owners and community members in San Francisco.
"NPT donors responded with generosity during this unprecedented time, both to emerging and established charities around the world," said NPT chief executive Eileen Heisman. "In the second half of fiscal year 2020, donors identified urgent needs that the coronavirus pandemic created and responded swiftly to support charities in most every philanthropic sector, including public society benefit, human services, international affairs, and education."