National Philanthropic Trust
NATIONAL PHILANTHROPIC TRUST IS A PUBLIC CHARITY DEDICATED TO INCREASING PHILANTHROPY IN SOCIETY.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$15.9B
Total Expenses
$5.7B
Net Assets
$41.9B
Employees
286
Volunteers
16
Grants Paid
$5.6B
Program Expense Ratio
99.3%
Fundraising Efficiency
122582.0%
This nonprofit profile presents IRS Form 990 tax filing data for National Philanthropic Trust (EIN: 23-7825575), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
Chat with National Philanthropic Trust's data & any nonprofit
Coming SoonCompare organizations, analyze trends, and ask questions about National Philanthropic Trust's finances, compensation, and programs — or any other nonprofit — using our AI-powered research assistant.
Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
National Philanthropic Trust is a 501(c)(3) nonprofit headquartered in JENKINTOWN, PA, founded in 1996. The organization has held tax-exempt status since 1996. In its 2023 filing, the organization reported $15.9B in total revenue, a 58.0% increase from the prior year, and $5.7B in total expenses. The organization employed 286 people and engaged 16 volunteers. EILEEN R HEISMAN, TRUSTEE, PRESIDENT & CEO, is the highest-compensated individual at $939,995. The organization runs 1 program, totaling $5.7B in program expenses. 5 of 6 recommended governance policies are in place. Executive benefits include companion travel.
National Philanthropic Trust is classified under NTEE code T500. Its foundation type is 15.
Programs(Tax Year 2023)
1 record
National Philanthropic Trust operates 1 program, with total program expenses of $5.7B. National Philanthropic Trust's largest program accounts for 100% of total program spending.
NPT GRANTED $5.56 BILLION TO QUALIFIED CHARITABLE ORGANIZATIONS IN THE U.S. AND 57 OTHER COUNTRIES ON BEHALF OF ITS DONORS IN THE TAX YEAR ENDING JUNE 30, 2024. NPT DONORS RECOMMENDED MORE THAN 129,000 GRANTS FROM THEIR DAFS TO OVER 41,000 CHARITABLE ORGANIZATIONS DURING THE TAX YEAR. ADDITIONALLY, NPT CONTINUED ITS ENHANCEMENTS OF DONOR EXPERIENCES, PHILANTHROPIC SERVICES OFFERINGS, INVESTMENT OPTIONS, AND GRANTMAKING CAPABILITIES. THIS INCLUDED A CONTINUED PARTNERSHIP WITH AN INDEPENDENT THIRD PARTY TO INCREASE THE EFFICIENCY WITH WHICH CHARITIES RECEIVE GRANT FUNDING. NPT ALSO CONTINUED ITS IMPROVEMENT OF THE DONOR ONLINE EXPERIENCE.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, National Philanthropic Trust's revenue has grown from $5.4B to $15.9B, a 196.2% increase. Program expenses represent 99% of total spending.
Revenue increased 58.0% year-over-year, while expenses grew 25.2%. net assets rose to $41.9B, up 50.0% from the prior year. the organization added 58 employees.
National Philanthropic Trust derives 91% from contributions and grants, with 9% from investment income.
Revenue is heavily concentrated: 91% comes from contributions and grants, indicating limited diversification.
National Philanthropic Trust allocates 99% to programs, 1% to management and general, 0% to fundraising.
Revenue grew by 58.0% while expenses grew by only 25.2%, suggesting improving operational efficiency.
National Philanthropic Trust distributed $5.6B in grants to other organizations and individuals, representing 98% of total expenses.
Over 5 filings from 2019–2023, National Philanthropic Trust grew revenue from $5.4B to $15.9B (+196.2%) while maintaining a program expense ratio of 99%. During this period, the organization grew from 147 to 286 employees.
National Philanthropic Trust holds $42.2B in total assets against $345.5M in liabilities (debt-to-asset ratio of 1%). The organization has 88.2 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $15.9B | $14.5B | $0 | $0 | $1.3B |
| 2022 | $10.0B | $9.2B | $0 | $0 | $834.7M |
| 2021 | $14.4B | $13.2B | $0 | $0 | $1.2B |
| 2020 | $9.5B | $8.6B | $0 | $0 | $814.0M |
| 2019 | $5.4B | $5.0B | $0 | $0 | $395.5M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $5.7B | $5.7B | $30.8M | $11.8M | $5.6B |
| 2022 | $4.6B | $4.5B | $27.6M | $10.2M | $4.4B |
| 2021 | $5.6B | $5.6B | $27.9M | $8.3M | $5.6B |
| 2020 | $6.5B | $6.4B | $18.6M | $5.6M | $6.4B |
| 2019 | $2.3B | $2.3B | $16.2M | $5.1M | $2.3B |
Program Expense Ratio
99.3%
Admin Expense Ratio
0.5%
Fundraising Efficiency
122582.0%
Operating Reserve
88.2 mo
People & Compensation(Tax Year 2023)
35 records
National Philanthropic Trust reported compensation for 35 officers and key employees. Total officer compensation was $6.3M, representing 0.1% of total expenses. 2 individuals received total compensation exceeding $500,000.
National Philanthropic Trust's highest-compensated individual received $940K in total compensation. Total officer compensation of $6.3M represents 0.1% of total expenses. 2 individuals received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| EILEEN R HEISMAN | TRUSTEE, PRESIDENT & CEO | OfficerDirector | 40.00 | $895,670 | $0 | $939,995 |
| JOHN CANADY | CEO NPT-UK & NPT-TRANSATLANTIC | Key Employee | 40.00 | $486,850 | $0 | $504,284 |
| CHRISTOPHER ADAMS | CHIEF INFORMATION OFFICER | Highest Comp | 40.00 | $452,805 | $0 | $498,060 |
| JAIDIP CHANDA THRU 101824 | CHIEF DEVELOPMENT OFFICER | Key Employee | 40.00 | $475,587 | $0 | $487,939 |
| GIL A NUSBAUM | GENERAL COUNSEL | Key Employee | 40.00 | $411,156 | $0 | $461,288 |
| JENNIFER MULHALL-BRERETON | CHIEF PHILANTHROPIC SERVICES OFFICER | Key Employee | 40.00 | $385,959 | $0 | $404,621 |
| ANDREW W HASTINGS | CHIEF ENTERPRISE OFFICER | Key Employee | 40.00 | $348,050 | $0 | $384,066 |
| JOSEPH C GAJEWSKI | EVP, PREMIER DONOR SERVICES | Highest Comp | 40.00 | $313,052 | $0 | $358,140 |
| ELIZABETH MONAHAN | CHIEF HUMAN RESOURCES OFFICER | Highest Comp | 40.00 | $303,037 | $0 | $347,957 |
| JEFFREY C GEROLD | VP OF ADVISOR ENGAGEMENT DEVELOPMENT | Highest Comp | 40.00 | $268,216 | $0 | $310,400 |
| ANDREA RUSH ASST SECRETARY | SVP OF PHILANTHROPIC SERVICES | Officer | 40.00 | $236,557 | $0 | $280,983 |
| DEBRA FALK | DEPUTY GENERAL COUNSEL & SECRETARY | Officer | 40.00 | $226,487 | $0 | $266,345 |
| ELLEN M MCGUINN | FORMER TREASURER/CFO | Former | — | $237,495 | $0 | $261,549 |
| LISA BARR | SENIOR DIRECTOR REGIONAL DEVELOPMENT | Highest Comp | 40.00 | $242,603 | $0 | $254,628 |
| JEREMY SCHWARTZ | VP OF FINANCE, ASST. TREASURER | Officer | 40.00 | $193,794 | $0 | $235,484 |
| ANDREA KATZ THRU 62524 | CONTROLLER, ASST. TREASURER | Officer | 40.00 | $139,481 | $0 | $175,405 |
| QUINN ROWAN | PARALEGAL & ASST. SECRETARY | Officer | 40.00 | $86,712 | $0 | $119,249 |
| CHRISTINA HACK | CFO, TREASURER | Officer | 40.00 | $48,450 | $0 | $50,561 |
| PAUL SCHREIBER | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| DIANA SANDS | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| ERIC REEVES | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| LISA PATTIS | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| LINDY MORENO | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| DIRK JUNGE | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| STEPHEN HOPKINS | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| JULIUS GREEN | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| ANN DUGAN | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| CONNIE COLLINGSWORTH | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| JORAM BORENSTEIN | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| MANISH SHAH | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| JEFFREY ARMBRISTER | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| DAVID WEZDENKO | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| KELLY WILLIAMS | TRUSTEE | Director | 2.00 | $0 | $0 | $0 |
| SUZANNE YOON | TRUSTEE, CHAIR | OfficerDirector | 4.00 | $0 | $0 | $0 |
| LINDA MYERS | TRUSTEE, VICE CHAIR | OfficerDirector | 2.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
EILEEN R HEISMAN
Base Salary
$595,575
Bonus
$225,000
Other Reportable
$75,095
Retirement/Deferred
$19,800
Nontaxable Benefits
$24,525
Executive Perks
JOHN CANADY
Base Salary
$370,000
Bonus
$72,150
Other Reportable
$44,700
Retirement/Deferred
—
Nontaxable Benefits
$17,434
Executive Perks
CHRISTOPHER ADAMS
Base Salary
$365,002
Bonus
$65,033
Other Reportable
$22,770
Retirement/Deferred
$13,582
Nontaxable Benefits
$31,673
Executive Perks
JAIDIP CHANDA THRU 101824
Base Salary
$369,604
Bonus
$82,793
Other Reportable
$23,190
Retirement/Deferred
$12,352
Nontaxable Benefits
—
Executive Perks
GIL A NUSBAUM
Base Salary
$317,717
Bonus
$70,639
Other Reportable
$22,800
Retirement/Deferred
$19,345
Nontaxable Benefits
$30,787
Executive Perks
JENNIFER MULHALL-BRERETON
Base Salary
$297,976
Bonus
$65,033
Other Reportable
$22,950
Retirement/Deferred
$18,662
Nontaxable Benefits
—
Executive Perks
ANDREW W HASTINGS
Base Salary
$291,183
Bonus
$33,077
Other Reportable
$23,790
Retirement/Deferred
$12,992
Nontaxable Benefits
$23,024
Executive Perks
JOSEPH C GAJEWSKI
Base Salary
$244,340
Bonus
$45,522
Other Reportable
$23,190
Retirement/Deferred
$15,660
Nontaxable Benefits
$29,428
Executive Perks
ELIZABETH MONAHAN
Base Salary
$234,247
Bonus
$45,000
Other Reportable
$23,790
Retirement/Deferred
$14,550
Nontaxable Benefits
$30,370
Executive Perks
JEFFREY C GEROLD
Base Salary
$222,278
Bonus
$45,248
Other Reportable
$690
Retirement/Deferred
$14,661
Nontaxable Benefits
$27,523
Executive Perks
ANDREA RUSH ASST SECRETARY
Base Salary
$195,782
Bonus
$40,085
Other Reportable
$690
Retirement/Deferred
$14,389
Nontaxable Benefits
$30,037
Executive Perks
DEBRA FALK
Base Salary
$196,257
Bonus
$29,930
Other Reportable
$300
Retirement/Deferred
$9,821
Nontaxable Benefits
$30,037
Executive Perks
ELLEN M MCGUINN
Base Salary
$157,637
Bonus
$68,700
Other Reportable
$11,158
Retirement/Deferred
$12,985
Nontaxable Benefits
$11,069
Executive Perks
LISA BARR
Base Salary
$205,270
Bonus
$37,033
Other Reportable
$300
Retirement/Deferred
$2,012
Nontaxable Benefits
$10,013
Executive Perks
JEREMY SCHWARTZ
Base Salary
$185,815
Bonus
$7,709
Other Reportable
$270
Retirement/Deferred
$9,337
Nontaxable Benefits
$32,353
Executive Perks
ANDREA KATZ THRU 62524
Base Salary
$122,060
Bonus
$16,352
Other Reportable
$1,069
Retirement/Deferred
$5,429
Nontaxable Benefits
$30,495
Executive Perks
Top Contractors(Tax Year 2023)
5 records
National Philanthropic Trust reported 5 contractors receiving over $100,000, with total contractor payments of $3.6M.
| Name | Service | Compensation |
|---|---|---|
| ICONIQ CAPITAL LLC | CONSULTING | $2,003,350 |
| PATTERSON BELKNAP WEBB & TYLER LLP | LEGAL | $509,894 |
| RSM US LLP | AUDIT, TAX AND CONSULTING | $367,604 |
| VALOR ADVISORS LLC | CONSULTING | $360,000 |
| AP ADVISORS LLC | CONSULTING | $345,954 |
Governance & Compliance(Tax Year 2023)
National Philanthropic Trust has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 17 members, 16 of whom are independent.
National Philanthropic Trust's financial statements are audited, an audit committee oversees the process.
National Philanthropic Trust has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
18583 records
National Philanthropic Trust awarded $5.1B across 18583 grants to organizations. Top recipients include SILICON VALLEY COMMUNITY FOUNDATION (MOUNTAIN VIEW, CA) — $366.4M for public, societal benefit; FIDELITY INVESTMENTS CHARITABLE GIFT FUND (DURHAM, NC) — $242.5M for public, societal benefit; RENAISSANCE CHARITABLE FOUNDATION INC (INDIANAPOLIS, IN) — $232.2M for education.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| SILICON VALLEY COMMUNITY FOUNDATION205205488 | MOUNTAIN VIEW, CA | $366.4M | PUBLIC, SOCIETAL BENEFIT |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND110303001 | DURHAM, NC | $242.5M | PUBLIC, SOCIETAL BENEFIT |
| RENAISSANCE CHARITABLE FOUNDATION INC352129262 | INDIANAPOLIS, IN | $232.2M | EDUCATION |
| JOHNS HOPKINS UNIVERSITY520595110 | BALTIMORE, MD | $188.2M | HUMAN SERVICES |
| BLUE MERIDIAN PARTNERS INC815086187 | NEW YORK, NY | $150.0M | ENVIRONMENT, ANIMALS |
| CLIMATE IMPERATIVE FOUNDATION845024713 | SAN FRANCISCO, CA | $104.6M | CULTURE & ARTS |
| BM-A INSTITUTE932888199 | PALO ALTO, CA | $83.1M | PUBLIC, SOCIETAL BENEFIT |
| NEW VENTURE FUND205806345 | WASHINGTON, DC | $82.1M | PUBLIC, SOCIETAL BENEFIT |
| DONOR ADVISED CHARITABLE GIVING311640316 | OMAHA, NE | $72.1M | EDUCATION |
| BOARD OF TRUSTEES OF THE LELAND STANFORD JR UNIVERSITY941156365 | STANFORD, CA | $66.3M | EDUCATION |
| XQ INSTITUTE474422640 | PALO ALTO, CA | $60.2M | EDUCATION |
| ROCKEFELLER UNIVERSITY131624158 | BRONX, NY | $42.0M | ENVIRONMENT, ANIMALS |
| JEREMY AND HANNELORE GRANTHAM ENVIRONMENTAL TRUST203959397 | BOSTON, MA | $40.0M | EDUCATION |
| 50CAN INC273069592 | WASHINGTON, DC | $39.3M | EDUCATION |
| HARVARD MEDICAL SCHOOL042103580 | BOSTON, MA | $38.7M | EDUCATION |
| VITAL STRATEGIES INC223419667 | NEW YORK, NY | $33.4M | EDUCATION |
| YEAR UP043534407 | BOSTON, MA | $28.6M | HUMAN SERVICES |
| CENTER FOR EMPLOYMENT OPPORTUNITIES INC133843322 | NEW YORK, NY | $25.3M | EDUCATION |
| TED FOUNDATION INC821934592 | NEW YORK, NY | $25.1M | HUMAN SERVICES |
| MERCY HOUSING INC470646706 | DENVER, CO | $25.0M | HUMAN SERVICES |
Showing 20 of 18583 grants.
Foreign Activities(Tax Year 2023)
Activities span CENTRAL AMERICA AND THE CARIBBEAN, EAST ASIA AND THE PACIFIC, EUROPE, NORTH AMERICA, SOUTH AMERICA.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | — | — |
| EAST ASIA AND THE PACIFIC | — | — |
| EUROPE | — | — |
| NORTH AMERICA | — | — |
| SOUTH AMERICA | — | — |
| SOUTH ASIA | — | — |
| SUB-SAHARAN AFRICA | — | — |
| MIDDLE-EAST & NORTH AFRICA | — | — |
| RUSSIA AND THE NEWLY INDEPENDENT STATES | — | — |
| CENTRAL AMERICA AND THE CARIBBEAN | — | — |
| EUROPE | — | — |
| NORTH AMERICA | — | — |
| EAST ASIA AND THE PACIFIC | — | — |
Supplemental Financial Data(Tax Year 2023)
National Philanthropic Trust operates a donor-advised fund (DAF) program with 17,940 accounts.
Filing History(Tax Years 1996–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $15.9B | $5.7B | $41.9B |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $10.0B | $4.6B | $27.9B |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $14.4B | $5.6B | $21.2B |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $9.5B | $6.5B | $15.7B |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $5.4B | $2.3B | $10.5B |
| 1996–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does National Philanthropic Trust do?
NATIONAL PHILANTHROPIC TRUST IS A PUBLIC CHARITY DEDICATED TO INCREASING PHILANTHROPY IN SOCIETY.
How much revenue does National Philanthropic Trust have?
National Philanthropic Trust reported $15,875,636,840 in total revenue for tax year 2023, up 58.0% from the prior year.
Who is the highest-paid executive at National Philanthropic Trust?
EILEEN R HEISMAN, TRUSTEE, PRESIDENT & CEO, received $939,995 in total compensation as of tax year 2023.
Is National Philanthropic Trust a 501(c)(3)?
Yes, National Philanthropic Trust is classified as a 501(c)(3) tax-exempt organization.
Where is National Philanthropic Trust located?
National Philanthropic Trust is headquartered in JENKINTOWN, PA 19046.
How many employees does National Philanthropic Trust have?
National Philanthropic Trust has 286 employees and 16 volunteers as of tax year 2023.
Is National Philanthropic Trust audited?
Yes, National Philanthropic Trust's financial statements are audited, and the organization has an audit committee.
How much does National Philanthropic Trust spend on fundraising?
National Philanthropic Trust reported $11,848,324 in fundraising expenses for tax year 2023, which represents 0.2% of total expenses.
Does National Philanthropic Trust give grants?
Yes, National Philanthropic Trust distributed $5,563,257,810 in grants to other organizations and individuals in tax year 2023. Top recipients include SILICON VALLEY COMMUNITY FOUNDATION, FIDELITY INVESTMENTS CHARITABLE GIFT FUND, RENAISSANCE CHARITABLE FOUNDATION INC.
Does National Philanthropic Trust operate internationally?
Yes, National Philanthropic Trust conducts activities outside the United States. Activities span CENTRAL AMERICA AND THE CARIBBEAN, EAST ASIA AND THE PACIFIC, EUROPE, NORTH AMERICA, SOUTH AMERICA.
Data Source
Prepared by: RSM US LLP, PHILADELPHIA, PA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
Ask anything about
any nonprofit
Get instant, data-backed answers about nonprofit compensation, financials, and trends. Join the waitlist for early access. Free tier included at launch.
Trusted by nonprofit professionals
3.6M+
IRS Filings
1.7M+
Organizations
28M+
Comp Records