National Philanthropic Trust reports sizeable growth in DAF awards

The latest data from the National Philanthropic Trust (NPT) shows that grantmaking done via its donor‐advised funds (DAFs) to charitable organizations increased 18% in its 2024 Fiscal Year, which ended June 30, compared to the same period last year. All told, the NPT said, its DAF accounts awarded $5.49 billion to qualified charitable organizations in the U.S. and 57 other countries on behalf of its donors. Those funds were delivered through more than 129,000 individual grants from their DAFs to over 41,000 charitable organizations in the latest completed fiscal year, representing an increase of 21% and 13% respectively, the group said.