Philanthropy thrives on connection—between people, between ideas, and between a donor’s intention and the world’s greatest needs. At National Philanthropic Trust (NPT), that sense of connection powered a remarkable year of generosity.
In Fiscal Year 2024, NPT granted $5.62 billion to qualified charitable organizations in the U.S. and 57 other countries on behalf of its donors. These donors recommended more than 130,000 individual grants from their donor advised funds (DAFs) to more than 41,000 charitable organizations, an increase of 21% and 13% respectively. The impact was felt globally, with the value of international grantmaking growing by 22%.
These numbers underscore the critical importance of DAFs as a primary giving vehicle, but also the trust that so many—donors, advisors, financial partners and others—have put in NPT.
Behind the numbers, of course, are everyday people whose care and imagination are reshaping communities and strengthening institutions worldwide.
NPT donors were there in Maui when a series of fatal wildfires devastated the island. Through DAFs, these donors provided critical supplies and services to help Hawaiians recover and rebuild. NPT donors were there when Gold Star Families needed help with tuition, school expenses, and housing. They were there when communities worldwide needed prevention and treatment for endemic diseases. They were there to support theater programs and wildlife sanctuaries.
In short, our donors are part of the fabric of philanthropic life, meeting the challenges of economic uncertainty, rising costs, humanitarian crises, and everyday needs with both urgency and intention. Nearly half of all grants were unrestricted, a powerful act of trust that gives nonprofit leaders the freedom to direct funds where they are needed most
Since our founding in 1996, NPT has been a trusted steward of charitable capital and a leader in donor-advised fund philanthropy. Today, we are building on that legacy by deepening partnerships with donors, advisors, and institutions who see philanthropy as a long-term strategy for good.
We are investing in our platform of services, insights, and partnerships that make giving more accessible, efficient, and responsive. We are also strengthening our alignment with the wealth management community, so that charitable planning is an integral part of every conversation about legacy, family, and impact. Just as importantly, we are working with philanthropic organizations to boost their profiles and provide counsel on how to connect with prospective donors.
As I mark just over a year leading NPT, I’m energized by the talent and passion that drive this organization and the donors we serve. Together, we are defining what modern philanthropy can be—dynamic, inclusive, and globally connected. Philanthropy’s promise has never been greater—and neither has our collective responsibility to fulfill it.
Thank you for trusting NPT to be your partner on that journey.
Holly Welch Stubbing
President & CEO
Executive Summary
Since 1996, National Philanthropic Trust has helped individuals, families, foundations, and corporations reach their philanthropic goals and maximize their charitable giving. Today, we are the nation’s largest independent public charity that manages donor-advised funds (DAFs). Since NPT’s inception, our donors have recommended more than 779,000 grants totaling over $31.2 billion to charitable organizations globally.
Our 2024 fiscal year, reflected in this report, began July 1, 2023, and ended June 30, 2024.
NPT granted $5.62 billion on behalf of our donors during FY24.
NPT grants supported 41,879 unique nonprofit organizations.
Grantmaking Fields of Interest
The IRS uses “major group” categories to classify U.S. charitable organizations by field of interest. NPT’s donors supported organizations working in education, human services, and public and societal benefit at prominent levels. Those sectors represented over 70% of all grantmaking by grant value and 50% of grant volume, respectively.
TOTAL VALUE ($) OF GRANTS BY AREA OF INTEREST FY24
TOTAL VOLUME of GRANTS FY20 – FY24
2024 Grantmaking Impact Stories
In FY24, our donors recommended grants to nonprofits large and small, newly established organizations and legacy institutions. The nonprofit organizations collected here represent a small sample of our donors’ total grantmaking recommendations but demonstrate the breadth of their charitable commitments.
Rebuilding After a Natural Disaster
Hawaii Community Foundation: On August 8, 2023, a series of wildfires devastated the island of Maui, leaving behind a trail of destruction and more than 100 lives lost. Relief efforts for the region, particularly the area of Lahaina, were conducted well into 2024, and NPT donors stepped up to help Hawaii rebuild and restore.
One donor recommended a $10,000 grant to Hawaii Community Foundation, which provided critical supplies and services in the wake of the wildfires, including food, diapers, shelter, clothing, first aid, animal care, grief support, and boat transportation.
Providing Necessities to Children in Need
Operation Warm: Millions of children face daily challenges that include food insecurity, housing insecurity, and even clothing insecurity. Going without essentials like a warm winter coat or a properly fitting pair of shoes can have negative effects on children, especially in their earliest years.
Philanthropic support, like a $250 grant recommendation from an NPT donor, allows Operation Warm to connect kids and families in under-resourced communities with vital necessities. Since its inception in 1998, the nonprofit has served over six million children throughout the United States and around the world.
Making College Attainable
Children of Fallen Patriots Foundation: With DAF support from a grant totaling $209,000 the nonprofit was able to provide scholarships and educational counseling to military children who lost a parent in the line of duty.
Thanks to their mission to help and honor Gold Star families, the Children of Fallen Patriots Foundation provides, on average, $25,000 to students to cover tuition, application fees, books, housing, and other related expenses. The organization’s programming reaches teenagers from all over the United States, averaging 1,225 students yearly, with 33% of their scholarship recipients identifying with racial and ethnic minority groups.
Eliminating Neglected Tropical Diseases
THE END FUND: A $200,000 grant helps hundreds of millions of people across Africa by mobilizing resources and delivering treatments for NTDs, including river blindness, schistosomiasis and lymphatic filariasis.
Empowering Women to See Their Potential
DRESS FOR SUCCESS HOUSTON: A $5,000 grant provides a network of supportive programs, professional attire, and development tools for Houston-area women who are seeking to navigate the working world and achieve financial independence.
Taking the Field Trip of a Lifetime
THE EXPLORATORIUM: A $3,000 grant supports this science, technology, and arts museum, which is home to over 700 interactive exhibits geared towards sparking a love of learning for visitors of all ages.
Making Theater Accessible
DEAF WEST THEATER COMPANY: Non-speaking shows using ASL (American Sign Language) and hybrid productions take center stage at this uniquely inclusive theater, made possible, in part, with the support of a $25,000 grant.
Rescuing and Rehabilitating Animals
WORLD BIRD SANCTUARY: This St. Louis-based wildlife sanctuary and hospital is home to over 600 birds of prey. A $1,750 grant aids in caring for sick and injured animals, while inspiring visitors through educational conservation programming.
Healing Mentally, Emotionally, and Physically
LIVING BEYOND BREAST CANCER: By serving an estimated 600,000 people each year through online and in-person resources, Living Beyond Breast Cancer helps survivors to make vital connections that include support groups and financial assistance. A $10,000 grant supports this critical effort.
How Our Donors Fund Their Philanthropy
NPT’s donors funded their philanthropy through contributions of cash, appreciated securities, and complex assets. Donors use their DAF accounts to support philanthropic missions today, to make sustaining, multi-year recurring grant recommendations, and to grow assets for future transformational gifts.
CHARITABLE ASSETS UNDER MANAGEMENT FY20 – FY24
NPT'S TOTAL ASSETS UNDER MANAGEMENT AS OF JUNE 30, 2024
Consolidated Statements
Leadership
Board of Trustees (at time of publication)
Linda K. Myers – CHAIR
Jeffrey Armbrister
Lindy Benton-Moreno
Joram Borenstein
Peter Carlson
Connie Collingsworth
Ann Dugan
Julius Green, CPA, JD
Stephen Hopkins
Lisa Pattis
Eric Reeves
Diana L. Sands
Manish Shah
Holly Welch Stubbing
Warren Thaler
Tamara Watts
David Wezdenko
Suzanne Yoon
NPT Leadership Team (at time of publication)
Holly Welch Stubbing – President and Chief Executive Officer
Christopher Adams – Chief Information Officer
Christopher Blume – Chief Operating Officer
Tom Brilli – Chief Product Officer
Patty Boutiette – Senior Vice President of Relationship Management
Lindsay Burns – Executive, Philanthropic Consulting
Jay Donato – Senior Vice President of Investments
Joseph Gajewski – Executive, Family Office and Private Client Relationships
Katie Galeone – Senior Vice President of Enterprise Compliance
Oren Gershon – Senior Vice President, Strategic Transformation
Janet Gessner Alford – Executive, Strategy
Amy Gianficaro – Senior Vice President of Marketing
Jeff Gerold, CFP, CEPA – Senior Vice President, Advisor Engagement Development
Christina Hack – Chief Financial Officer and Treasurer
Andrew W. Hastings – Executive, Family Office and Private Client Development
Elizabeth Monahan – Chief Human Resources Officer
Jenna Mulhall-Brereton – Chief Philanthropy Officer
Gil A. Nusbaum – Chief Administrative and Legal Officer
Matthew B. Rovi – Chief Growth Officer
Andrea Rush – Senior Vice President, Philanthropic Solutions
Mark Russell — Senior Vice President, Marketing and Communications
Eric Ziegler – Chief Technology Officer
NPT is not affiliated with any of the organizations described herein, and the inclusion of any organization in this material should not be considered an endorsement by NPT of such organization, or its services or products.
Photographs courtesy of the respective highlighted organizations.