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National Philanthropic Trust
National Philanthropic Trust (NPT) is an American independent public charity that provides philanthropic expertise to donors, foundations and financial institutions. NPT ranks among the largest grantmaking institutions in the United States. NPT specializes in offering donor-advised funds. They also offer charitable giving vehicles and platforms such as fiscal sponsorships, Type 1 supporting organizations, designated funds, and field-of-interest funds. Organizational overview NPT was founded out of a family office in 1996 in Jenkintown, Pennsylvania. In 2000, they began partnering with financial institutions to provide donor-advised funds to institutional clients. Contributions from donors broke the $1 billion mark in 2005. In 2011, NPT began accepting contributions of illiquid assets like closely held stock, real estate, hedge fund interest, and more. NPT launched their first global affiliate in 2013. In 2016, NPT launched "A History of Modern Philanthropy", a digital resour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donor-advised Fund
In the United States, a donor-advised fund (commonly called a DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities. Details A donor-advised fund is an account at a sponsoring organization, generally a public charity, where an individual can make a charitable gift to enjoy an immediate tax benefit and retain advisory privileges to disburse charitable gifts over time. The contribution a donor makes to their donor-advised fund is 100% irrevocable and destined for a final 501(c)(3) organization. Donor-advised funds provide a flexible way for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Sponsorship
Fiscal sponsorship refers to the practice of non-profit organizations offering their legal and tax-exempt status to groups—typically projects—engaged in activities related to the sponsoring organization's mission. It typically involves a fee-based contractual arrangement between a project and an established non-profit. Advantages of fiscal sponsorship Fiscal sponsorship can enable projects to share a common administrative platform with a larger organization, thus increasing efficiency. In addition to legal status, sponsors can provide payroll A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks pe ..., employee benefits, office space, publicity, fundraising assistance, and training services, sparing projects the necessity of developing these resources and allowing them to focus on pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supporting Organization (charity)
A supporting organization, in the United States, is a public charity that operates under the U.S. Internal Revenue Code i26 USCA 509(a)(3) A supporting organization either makes grants to, or performs the operations of, a public charity similar to a private foundation. However, unlike donations to a private foundation, donations to a supporting organization garner the same higher deduction rate as donations to public charities. However, supporting organizations allow less control over the organization to the founders than private foundations. The Internal Revenue Code calls a public charity that relies on a supporting organization a "supported organization". History The Tax Reform Act of 1969 created private foundations and imposed greater restrictions on this classification, including excise taxes and lower donor deductions for contributions. This Act created supporting organizations as an exception to private foundations—because they are organized, operated, and controlled i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jenkintown, Pennsylvania
Jenkintown is a borough in Montgomery County, Pennsylvania. It is approximately 10 miles (16 km) north of Center City Philadelphia. History The community was named for William Jenkins, a Welsh pioneer settler. Jenkintown is located just outside Philadelphia along the Route 611 corridor between Abington and Cheltenham Townships. The Borough was settled in about 1697 and incorporated on December 8, 1874 when approximately was taken from Abington Township. Today, the Borough is approximately 0.58 square miles and is home to 4,500 residents. The borough is a mostly residential community that is separated into East and West by the Business District that runs along and surrounds Old York Road (Route 611) corridor. On the east side of Old York Road, residential development is predominantly characterized by larger detached single-family homes on lots larger than the Borough average. On the southeast side of York Road, there is a small mixed concentration of row homes, duplex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Foundation
A private foundation is a tax-exempt organization not relying on broad public support and generally claiming to serve humanitarian purposes. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets.National Center for Charitable Statistics Most private foundations are much smaller. Out of the 84,000 private foundations that filed with the IRS in 2008, approximately 66% have less than $1 million in assets, and 93% have less than $10 million in assets. In aggregate, private foundations in the U.S. control over $628 billion in assets and made more than $44 billion in charitable contributions in 2007. Unlike a charitable foundation, a private foundation does not generally solicit funds from the public or have the legal requirements and reporting responsibilities of a registered, non-profit or charitable foundation. Not all foundations engage in philanthropy: some private foundations are used for estate planning purposes. Desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philanthropic Organizations Based In The United States
Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors, which are public initiatives for public good, notably focusing on provision of public services. A person who practices philanthropy is a philanthropist. Etymology The word ''philanthropy'' comes , from ''phil''- "love, fond of" and ''anthrōpos'' "humankind, mankind". In the second century AD, Plutarch used the Greek concept of ''philanthrôpía'' to describe superior human beings. During the Middle Ages, ''philanthrôpía'' was superseded in Europe by the Christian virtue of ''charity'' (Latin: ''caritas''); selfless love, valued for salvation and escape from purgatory. Thomas Aquinas held that "the habit of charity extends not only to the love of God, but also to the love of our neighbor". Philanth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizations Established In 1996
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
