Grantmaking

The assets in your DAF are available for grantmaking purposes only. You may recommend grants to qualified charitable organizations at any time, provided your DAF has available funds and liquidity.

Grant Recommendation Process

To begin, you must make a grant recommendation. Download a Grant Recommendation form here. NPT CAT carefully reviews all grant recommendations. After receiving a grant recommendation, NPT CAT will verify that the charitable organization is eligible to receive the grant (see Accepted Charities and Restrictions below).

If NPT CAT denies a grant recommendation, an explanation will be provided. NPT CAT will make every effort to suggest alternatives that fulfill your philanthropic intent. You may also elect to submit an alternative grant recommendation. You may log into NPT CAT's secure online site to view the progression of your grant request—from the recommendation until the recipient charity deposits the grant check. You will receive quarterly statements from NPT CAT that list grant recipients and grant amounts for the preceding quarter.

Eligible Grant Recipients

NPT CAT can make grants to charitable organizations that are tax-exempt under IRS Code Section 501(c)(3) and are public charities under Code Section 509(a)(1), (2) or (3). NPT CAT can also make grants to private operating foundations described in Section 4942(j)(3) of the Code. Eligible recipient charities include but are not limited to:

  • Museums and arts organizations
  • Schools and educational institutions
  • Environmental organizations
  • Hospitals and health care organizations
  • Scientific and medical research institutes
  • Religious organizations and places of worship
  • Any other organizations or institutions established for charitable purposes

Ineligible Grant Recipients

NPT CAT will not approve grants to:

  • Individuals
  • Private foundations (except for private operating foundations, as noted above)
  • Non-functionally integrated Type III supporting organizations
  • Political campaigns, candidates, or to support lobbying activity
  • Fulfill an existing pledge (an existing pledge is one you make before NPT approves the grant)
  • Pay for dues, membership fees, tuition, goods from charitable auction, admission to charity events or other goods or services

Foreign Charitable Organizations

NPT CAT can make grants to foreign charities. Additional fees for increased due diligence and grant processing apply to each foreign grant recommendation. Please contact NPT CAT for a foreign grant fee schedule and requirements for recommending a grant to non-U.S. charities.

Donor Recognition or Anonymity

When you make a grant from your DAF, you can decide to be recognized in any of the following ways:

  • By DAF name only
  • By your name and the DAF name
  • In honor or memory of someone
  • Anonymously

NPT CAT will not release your name or contact information to any recipient charity without your prior consent.

Number of Grants

You can make an unlimited number of grants from your NPT CAT DAF provided there are sufficient funds.

Grant Minimum

The minimum grant amount is $250. If the amount of a grant recommendation exceeds your DAF balance, NPT CAT will ask you to recommend a grant in a different amount or make an additional contribution to the DAF..

Minimum Account Activity

If you have not made grant recommendations for three years, NPT CAT will make every effort to contact you or your advisor(s) to request that you make a grant recommendation. If NPT CAT does not receive a response within a reasonable time period, NPT CAT will transfer the entire fund balance to the NPT Giving Fund.

Grant Review and Distribution

NPT CAT makes grants weekly. Grants requiring additional due diligence, such as a foreign charity review process, may take longer. NPT CAT sends a grant check and letter to the recipient charity with the donor recognition that you requested.

Copyright © 2012 NPT Charitable Asset Trust