National Philanthropic Tr
- Assets
- $16.0b
- Revenue
- $9.5b
- Investments
- $2.9b
- Employees
- 147
- Location
- Jenkintown, PA
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 23-7825575
Organization Overview
National Philanthropic Tr is located in Jenkintown, PA. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, National Philanthropic Tr employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Philanthropic Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, National Philanthropic Tr generated $9.5b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $6.5b during the year ending 06/2021. While expenses have increased by 48.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Philanthropic Tr has awarded 64,290 individual grants totaling $14,225,362,422. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL PHILANTHROPIC TRUST IS A PUBLIC CHARITY DEDICATED TO INCREASING PHILANTHROPY (SEE SCHED. O) IN SOCIETY. NPT IS AN INDEPENDENT, NATIONALLY RECOGNIZED, PUBLIC CHARITY. NPT'S MISSION IS TO INCREASE PHILANTHROPY IN SOCIETY. TO ACCOMPLISH THIS MISSION, NPT OFFERS A VARIETY OF GIVING VEHICLES INCLUDING DONOR-ADVISED FUNDS, DESIGNATED FUNDS, FISCAL SPONSORSHIP, SUPPORTING ORGANIZATIONS AND SPECIALIZED FIELD OF INTEREST FUNDS. THE ORGANIZATION ALSO OFFERS PHILANTHROPIC GUIDANCE AND SERVICES THAT HELP BOTH INDIVIDUAL DONORS AND THEIR ADVISORS MAXIMIZE THEIR CHARITABLE IMPACT ACROSS THE WORLD. BY REMOVING ADMINISTRATIVE BURDENS AND INCREASING OVERALL AWARENESS OF CHARITABLE GIVING NEEDS AND STRATEGIES, NPT HELPS ENABLE INDIVIDUALS, FAMILIES AND COMPANIES BETTER PURSUE THEIR PHILANTHROPIC INTERESTS. NPT ALSO PROVIDES INFORMATION TO THE GENERAL PUBLIC REGARDING PHILANTHROPIC ISSUES AND TRENDS.
Describe the Organization's Program Activity:
NATIONAL PHILANTHROPIC TRUST AWARDED APPROXIMATELY 88,000 GRANTS TOTALING APPROXIMATELY $6.39 BILLION TO CHARITABLE ORGANIZATIONS AND PROGRAMS IN TAX YEAR 2020. THE ORGANIZATION SERVED MORE THAN 12,000 INDIVIDUAL DONORS IN 2020. (SEE SCHED. O).SINCE INCEPTION IN 1996, NPT HAS MADE MORE THAN $15.5 BILLION IN GRANTS TO QUALIFIED CHARITIES IN MORE THAN 70 COUNTRIES. IN 2020, NPT SUBSTANTIALLY ENHANCED OFFERINGS AND SERVICES TO DONORS AND ADVISORS. THESE IMPROVEMENTS INCLUDED INTRODUCING NEW IMPACT INVESTMENTS, WHICH GAVE DONORS THE ABILITY TO ALIGN THEIR INVESTMENTS WITH THEIR GRANTMAKING GOALS, AND IMPROVING THE GRANT PROCESS, ENABLING GRANTS TO REACH RECIPIENT CHARITIES MORE QUICKLY. NPT ALSO ADDED ENHANCED PHILANTHROPIC SERVICES TO BETTER MEET THE NEEDS OF DONORS AND ADVISORS, AND IMPROVED THE ONLINE EXPERIENCE FOR DONORS AND ADVISORS AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen R Heisman Trustee, President & CEO | OfficerTrustee | 40 | $724,982 |
Rene J Paradis Treasurer & COO | Officer | 40 | $420,963 |
Andrew W Hastings Chief Development Officer | Officer | 40 | $358,821 |
William M Webster Chief Marketing Officer (thru 8/4/2020) | 40 | $343,931 | |
Gil A Nusbaum General Counsel | Officer | 40 | $331,222 |
Jennifer Mulhall-Brereton Chief Philanthropic Services Officer | 40 | $323,141 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Office Environments Inc Office Design | 6/29/21 | $308,843 |
Rsm Us Llp Audit, Tax And Consulting | 6/29/21 | $272,801 |
Wespo Inc Cea Consulting Consulting | 6/29/21 | $220,779 |
Pienta Anthony S Ap Advisory Llc Consulting | 6/29/21 | $261,737 |
Riess Consulting Llc Consulting | 6/29/21 | $214,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,632,556,025 |
| Noncash contributions included in lines 1a–1f | $6,869,730,112 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,632,556,025 |
| Total Program Service Revenue | $0 |
| Investment income | $158,101,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $655,902,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,451,775,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,228,893,992 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $164,172,543 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,776,655 |
| Compensation of current officers, directors, key employees. | $1,110,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,962,882 |
| Pension plan accruals and contributions | $679,560 |
| Other employee benefits | $1,622,936 |
| Payroll taxes | $966,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $494,098 |
| Fees for services: Accounting | $150,575 |
| Fees for services: Lobbying | $225,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,915,751 |
| Fees for services: Other | $2,546,808 |
| Advertising and promotion | $270,069 |
| Office expenses | $608,852 |
| Information technology | $2,246,126 |
| Royalties | $0 |
| Occupancy | $1,186,969 |
| Travel | $8,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134,335 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $663,817 |
| Insurance | $324,627 |
| All other expenses | $637,848 |
| Total functional expenses | $6,452,766,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594 |
| Savings and temporary cash investments | $3,347,467,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,654,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $400,641 |
| Net Land, buildings, and equipment | $2,451,245 |
| Investments—publicly traded securities | $9,688,528,420 |
| Investments—other securities | $2,944,573,629 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,989,076,969 |
| Accounts payable and accrued expenses | $5,257,126 |
| Grants payable | $329,810,988 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $335,068,114 |
| Net assets without donor restrictions | $15,654,008,855 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,989,076,969 |
Grants Awarded
Over the last fiscal year, National Philanthropic Tr has awarded $6,197,904,406 in support to 12,485 organizations.
| Grant Recipient | Amount |
|---|---|
Mountain View, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $610,886,332 |
Los Angeles, CA PURPOSE: CULTURE & ARTS | $200,000,000 |
Washington, DC PURPOSE: PUBLIC, SOCIETAL BENEFIT | $81,850,552 |
CITY UNIVERSITY OF NEW YORK PURPOSE: EDUCATION | $60,000,000 |
Hudson, OH PURPOSE: PUBLIC, SOCIETAL BENEFIT | $54,709,554 |
Santa Barbara, CA PURPOSE: HUMAN SERVICES | $51,202,500 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that National Philanthropic Tr has recieved totaling $566,272.
| Awarding Organization | Amount |
|---|---|
Csp Family Foundation Summit, NJ PURPOSE: GENERAL | $331,038 |
Seeding The Future Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $170,000 |
Csp Family Foundation Summit, NJ PURPOSE: GENERAL | $41,734 |
Chambers Family Foundation Inc Annapolis, MD PURPOSE: TO PROVIDE PHILANTHROPIC EXPERTISE TO DONORS, FOUNDATIONS AND FINACIAL INSTITUTIONS, ENABLING THEM TO REALIZE THEIR PHILANTHROPIC ASPIRATIONS. | $20,000 |
Charles A Micale Foundation 01-01-98 Cheyenne, WY PURPOSE: GENERAL USE | $1,500 |
Pirzada Family Foundation Fremont, CA PURPOSE: UBS OPTIMUS FOUNDATION FUND (FLOOD RELIEF) | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY | $702,327,991 | $539,225,309 |
New Partners Inc New York, NY | $113,955,337 | $235,496,964 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Ohio Shared Information Services Inc Cincinnati, OH | $9,673,672 | $26,206,516 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |