The National Philanthropic Trust has announced that it awarded a record $1.39 billion from its donor-advised funds in fiscal year 2019, a 39 percent year-over-year increase from 2018.
NPT awarded 51,968 grants between July 2018 and June 2019 — 28 percent more than in FY2018 — to charities in all fifty states and around the world. Earlier this year, the independent DAF sponsor announced that it awarded grants totaling more than $1 billion during calendar year 2018, up 12 percent from 2017, and that the number of DAF accounts it administers increased 24 percent. According to NPT, continuing trends in the current fiscal year include a growing interest on the part of its donors in impact investing as well as in the legal ins and outs of donating complex assets to a donor-advised fund.
"Despite concerns over tax reform and the global economic climate, our DAF donors continued to show unwavering commitment to supporting the nonprofit organizations and causes that matter most to them," said NPT chief executive Eileen Heisman. "NPT donors recommended a record number of grants to charities in fields ranging from the arts and education to the environment and human services. In the wake of disasters like the California wildfires, our donors didn’t hesitate to respond swiftly. We're profoundly grateful that with NPT's support, our donors are helping communities of all sizes throughout the country."