What is the advantage of establishing a donor advised fund at NPT rather than a community foundation?
Some community foundations often limit all or a portion of their donors’ grant-making opportunities to a region, meaning donors may not give contributions to charities outside their own areas. NPT allows grants to be made to nonprofit organizations in all 50 states. Family members who live in multiple locations and with charitable interests in different areas of the country particularly appreciate our national status. Compared to community foundations, NPT typically approves grants more frequently (weekly vs. monthly). NPT also allows donors to grant both income and principal, versus only allowing grants from income as in many community foundations. Donors to NPT are allowed to have their donor advised funds last in perpetuity, whereas many community foundations limit the number of generations that can succeed the original donor – often just a single generation.
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