An international corporation wanted to make charitable grants across six continents, so that staff members at their various locations could make gifts to meet local needs. They considered creating an internal private foundation but that involved expense, administrative responsibilities, and the complexity of making international charitable grants.
The corporation established a donor-advised fund with NPT. From this, they recommend individual grants to meet needs around the world. NPT takes care of all due diligence and compliance issues for the grants. We ensure that each recipient is a legitimate charitable organization, meets IRS and Treasury Department standards and complies with the U.S. Patriot Act’s anti-terrorism regulations.