JENKINTOWN, Pa.--(BUSINESS WIRE)--National Philanthropic Trust (NPT), the largest independent charity to offer donor-advised funds in the US, made a total of 10,584 grants in the first six months of 2015 on behalf of its donors, representing more than $335 million in mission-critical funding to charities. The total number of grants in the first half of 2015 compared to the same period in 2014 is a 24.5 percent increase while the total dollar value of grants to charities increased 49.5 percent.
“Donor-advised funds make it easier for donors to give and our recent grantmaking numbers are a sign that DAF donors are actively supporting their favorite charities.,” said Eileen Heisman, CEO of National Philanthropic Trust. “NPT is proud to be trusted with our donors’ charitable intentions and to help them meet their philanthropic goals.”
From January 1 to June 30, 2015, NPT donors directed 10,584 grants with a total value of $335 million to charities around the globe. NPT donors contributed more than $216 million to their donor-advised funds in the first half of 2015. For the same six-month time period in 2014, NPT donors directed 8,497 grants with a total value of $224 million; donors contributed $210 million to their donor-advised funds.
Since its founding in 1996, NPT has raised more than $5.2 billion in liquid and illiquid asset charitable contributions and has made more than 121,000 grants totaling almost $3 billion to charities around the world.
About National Philanthropic Trust
Founded in 1996, NPT is the largest independent Donor-Advised Fund provider and overall ranks as one of the Top 25 largest Donor-Advised Fund administrators in the US. NPT currently manages over $2.6 billion in charitable assets. NPT annually publishes the Donor-Advised Fund Report, the industry’s authority on the state of DAF giving. More at NPTrust.org.