In addition to offering donor-advised funds and supporting organizations, we provide other ways to give and further our mission of increasing philanthropy in society.
NPT Transatlantic
NPT Transatlantic is NPT’s international affiliate. It was founded in 2013 in London and shares the mission of providing philanthropic expertise to donors, financial institutions, foundations and charities, enabling them to realize their philanthropic aspirations. NPT Transatlantic is an independent UK registered charity and is a U.S. public charity, recognized by the IRS as a disregarded entity of National Philanthropic Trust. As a dual-qualified charity, NPT Transatlantic offers donors who pay taxes in both countries the ability to claim UK tax relief and receive a tax deduction in the U.S. Learn more about NPT Transatlantic—and its partner organization NPT UK, a donor-advised fund service for global donors who wish to base their giving in the UK—at www.nptuk.org.
Supporting Organizations
A Type 1 supporting organization is a popular choice for philanthropists who want more control over grantmaking and investments than a donor-advised fund, but are looking for something less expensive and with less administrative burden than a private foundation. Supporting organizations strike this balance and offer the same tax benefits as a donor-advised fund. NPT’s expert staff can help the board of a supporting organization execute specialized grants, including research grants with benchmarks for funding, endowed chairs at universities and other institutions, or naming rights to a building.
Designated Funds
A designated fund is similar to a donor-advised fund (DAF), except that it is established to support one specific charitable organization. NPT offers designated funds for individual, corporate or foundation donors who wish to make either a single charitable gift, or recurring gifts to a particular charity. Nonprofit organizations can also establish designated funds at NPT; NPT can then accept charitable donations on their behalf, including illiquid gifts. Designated funds are also useful for eligible individuals who wish to make a charitable IRA rollover contribution, which is not permissible into a DAF.
Field of Interest Funds
A field of interest fund (FOIF) allows a donor to support a charitable area of interest, such as a specific population, geographic region or area of research. Field of interest funds operate as a component fund of NPT, with each having an appointed committee responsible for determining the grants made by the fund. The committee is composed of both NPT staff and outside experts in the field of interest. NPT currently manages field of interest funds dedicated to supporting breast cancer research, survivors of the September 11th terrorist attacks and their families, education initiatives and other charitable causes.
Corporate- or Foundation-Advised Funds
For groups looking for a simple, cost-effective way to pool their contributions and make grants to qualified charitable organizations, advised funds are an excellent option. Similar to donor-advised funds for individuals, corporate-advised funds and foundation-advised funds are tax-efficient, neutral giving vehicles that allow multiple parties to come together to support a cause. Groups appoint primary advisors to direct grantmaking based on the charitable focus area, leaving ample opportunity for other participants to stay involved. As the charitable sponsor, NPT handles all of the administration, including accepting contributions, providing gift receipts, managing investments, recordkeeping, tax filing and grantmaking.
NPT Charitable Asset Trust
For donors who wish to contribute shares of S-corporations, limited liability companies or other entities that generate unrelated business taxable income (UBTI), NPT offers an affiliate: NPT Charitable Asset Trust (NPT CAT). As a public charity in the trust form, NPT CAT is generally taxed at a lower effective rate on UBTI than NPT, which is a nonprofit corporation. Before accepting a contribution, NPT evaluates which entity would be most tax-efficient for the gift. Once an asset is liquidated by NPT CAT, the donor may recommend a grant of the proceeds to an NPT donor-advised fund, which allows the donors to recommend investments and grants to their favorite charities over time.
For more information on these alternative giving vehicles, please contact our Philanthropic Services team at philanthropicservices@nptrust.org or (888) 878-7900.
