NPT can facilitate a Type 1 supporting organization, which offers the same tax advantage as a donor-advised fund. Supporting organizations are a popular choice for philanthropists who want more control over grantmaking and investments than a donor-advised fund, but less expense and administrative burden than a private foundation.
Many supporting organizations are created with a specific issue area in mind. To achieve those goals, NPT’s expert staff can execute specialized grants, including research grants with benchmarks for funding, endowed chairs at universities and other institutions, or naming rights to a building. NPT facilitates several supporting organizations, including:
Overview
The Saint Agatha Foundation—founded by Laurie Mezzalingua, pictured above—is dedicated to providing financial assistance to breast cancer patients in Central New York State to cover a range of costs for treatment and recovery. NPT can be your guide in creating a valuable charitable giving vehicle that helps you pursue your philanthropic interests meaningfully and effectively. NPT offers supporting organizations a variety of services.
Benefits
