The National Philanthropic Trust (NPT) has announced that it awarded $5.49 billion in grants through donor-advised funds (DAFs) during fiscal year 2024, representing an 18 percent year-over-year increase, and a 297 percent increase since FY2019.

NPT donors recommended 129,560 grants from their DAFs to nonprofits in every state and the District of Columbia as well as to organizations in 57 other countries. The grantmaking represents a year-over-year increase of 21 percent, and a 149 percent increase since FY2019. In all, 41,217 charitable organizations received donor-recommended grants, representing a 13 percent year-over-year increase and a 101 percent increase since FY2019.

“Inflation and higher interest rates continued to play a role in all sectors of the U.S. economy, including the nonprofit sector, in fiscal year 2024,” said NPT chief executive Holly Welch Stubbing. “NPT DAF donors responded to the growing needs of charitable organizations by increasing their generosity. Unrestricted grants grew to account for almost half of all NPT grantmaking, enabling charitable organizations to use grants where they are needed most. As well, NPT DAF donors remained reliable philanthropists at home and abroad, with the value of international grantmaking growing 22 percent.”

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