The National Philanthropic Trust, a public charity that provides philanthropic expertise to donors, foundations, and financial institutions, has announced that it awarded more than $1.67 billion in grants from its donor-advised funds in 2019, an increase of 62 percent from the $1.03 billion it awarded in 2018.
The independent DAF sponsor made 62,858 grants in 2019 — up 35 percent from 2018 — in support of a variety of charities and causes, including women's rights in Atlanta, literacy programming in Denver, wildfire relief in Australia, and efforts to reduce infant mortality in Morocco. In addition, the organization's affiliate in the United Kingdom, NPT Transatlantic, made a record number of grants in 2019, awarding more than $29.1 million (£22.8 million) to nonprofits and charitable causes, an increase of 75 percent over 2018.
In its summary, the organization noted that in addition to cash contributions, many donors contributed less liquid assets to their DAF accounts such as appreciated stock, stakes in various businesses, real estate, and art and cryptocurrency.
"NPT was founded almost twenty-five years ago when no one knew what a DAF was," said NPT chief executive Eileen Heisman. "Since then, DAFs have become the fastest-growing giving vehicle because of their extreme flexibility and ease of use. Every demographic utilizes DAFs, from millennials to baby boomers. While our donors have diverse philanthropic values and goals, they share a tremendous dedication to charitable giving."