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National Philanthropic Trust

Jenkintown, PA · EIN 23-7825575 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

National Philanthropic Trust reported $17.79 billion in revenue and $6.58 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.29 went to program services, $0.51 to management and general costs and $0.20 to fundraising. Its largest source of revenue was contributions and grants: 85.2% of the total. The highest compensation it reported for one person was $1,063,757 (FORMER PRESIDENT & CEO). 77 people received more than $100,000 in reportable compensation. Revenue rose 232% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $6.58B

Program services$99.29 $6.53B
Management & general$0.51 $34M
Fundraising$0.20 $13M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $17.8B

Contributions & grants (non-government)$85.16 $15.2B
Investment income$14.82 $2.64B
Other revenue$0.02 $3.0M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	99.3%	90.2%
Management & general Part IX 25(C) ÷ 25(A)	0.5%	6.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.2%	1.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.02
Contributions & grants share of revenue Part VIII 1h ÷ 12	85.2%	79.9%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	0.0%	0.0%
Highest reported compensation Part VII-A, columns D–F	$1,063,757	$325,675
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.02%	1.56%
People paid over $100,000 Part VII, line 2	77	3
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	101.8	56.6
Independent voting board members Part VI 1a–1b	17 of 18	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$6.53B expenses · 100.0% of program spending · grants $6.42B · revenue $2.9M

Npt granted $6.42 billion to qualified charitable organizations in the U.S. And 67 other countries on behalf of its donors in the tax year ending june 30, 2025. Npt donors recommended more than 161,000 grants from their dafs to over 48,000 charitable organizations during the tax year. Additionally, npt continued enhancing donor online experiences, philanthropic service offerings, investment options, and grantmaking capabilities

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
FORMER PRESIDENT & CEO Former, 0.00 hrs/week	$1,035,821	$0	$27,936	$1,063,757
PRESIDENT & CEO (AS OF 2/26/25) Director/trustee, officer, 40.00 hrs/week	$781,583	$0	$19,724	$801,307
CHIEF INFORMATION OFFICER Highest compensated employee, 40.00 hrs/week	$612,147	$0	$21,503	$633,650
CEO - NPT UK AND NPT TRANSATLANTIC Key employee, 40.00 hrs/week	$547,400	$0	$42,325	$589,725
CHIEF ADMINISTRATIVE & LEGAL OFFICER Key employee, 40.00 hrs/week	$516,967	$0	$53,140	$570,107
CHIEF PHILANTHROPY OFFICER Key employee, 40.00 hrs/week	$515,764	$0	$20,700	$536,464
CHIEF HUMAN RESOURCES OFFICER Highest compensated employee, 40.00 hrs/week	$433,233	$0	$47,774	$481,007
FAMILY OFFICE & PRIVATE CLIENT DEV. Key employee, 40.00 hrs/week	$436,536	$0	$37,185	$473,721

77 people received more than $100,000 in reportable compensation from National Philanthropic Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.5M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$17.8B	$6.58B	99.3%	$55.8B	$1,063,757
FY2024 ⓘ	$15.9B	$5.70B	99.3%	$41.9B	$939,995
FY2023 ⓘ	$10.0B	$4.55B	99.2%	$27.9B	$990,974
FY2022 ⓘ	$14.4B	$5.64B	99.4%	$21.2B	$838,856
FY2021 ⓘ	$9.45B	$6.45B	99.6%	$15.7B	$769,560
FY2020 ⓘ	$5.36B	$2.34B	99.1%	$10.5B	$773,565

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b18 · 17 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2Yes
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aYes
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4Yes
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bYes
Employees Part I, line 5310
Volunteers Part I, line 617

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

ICONIQ CAPITAL LLC Consulting	$2,860,300
RSM US LLP Audit, tax and consulting	$942,249
RIESS CONSULTING LLC Consulting	$260,130
DISCIPLINA CAPITAL MANAGEMENT Consulting	$253,426
PATTERSON BELKNAP WEBB & TYLER LLP Legal	$220,927

Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.

Private foundation grants it received

181 private foundations reported grants to National Philanthropic Trust totaling $483M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from National Philanthropic Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for National Philanthropic Trust, you can publish a response that is linked from this page.

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Similar-sized charities in this cause

Donor Advised Charitable Giving
Lone Tree, CO · revenue $11.7B · programs 99.7% · FY2025
Vanguard Charitable Endowment Program
Southeastern, PA · revenue $6.67B · programs 99.6% · FY2025
Gs Donor Advised Philanthropy Fund
New York, NY · revenue $6.59B · programs 99.1% · 2024
Silicon Valley Community Foundation
Mountain View, CA · revenue $4.89B · programs 98.3% · 2024
Natl Christian Charitable Fdn
Alpharetta, GA · revenue $3.30B · programs 96.6% · 2024

All philanthropy, voluntarism & grantmaking charities · Largest charities in Pennsylvania

Questions people ask

How much of National Philanthropic Trust's spending goes to programs?

In the fiscal year ending June 30, 2025, National Philanthropic Trust reported that 99.3% of its $6.58 billion in expenses went to program services, 0.5% to management and general and 0.2% to fundraising (Form 990, Part IX).

How much does National Philanthropic Trust pay its top executive?

The largest total compensation National Philanthropic Trust reported for one person in the fiscal year ending June 30, 2025 was $1,063,757, for the role of FORMER PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does National Philanthropic Trust get its money?

Of $17.79 billion in revenue in the fiscal year ending June 30, 2025, 85.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is National Philanthropic Trust a registered charity?

The IRS lists EIN 23-7825575 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601289349302480 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349301311 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431429349301368 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349313966 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349309863 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121459349300307 · read the filing

All filings for EIN 23-7825575: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.