# National Philanthropic Trust

National Philanthropic Trust is an Endowment / Foundation based in Jenkintown, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Jenkintown, United States
- **Region:** North America
- **Address:** Jenkintown, PA, United States
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** nptrust.org
- **LinkedIn:** https://www.linkedin.com/company/national-philanthropic-trust

## Regulatory record

- **Reports private funds:** No

## About

National Philanthropic Trust was founded in 1996 by Eileen Heisman, who led the organization as CEO for 26 years before transitioning to a trustee role in mid-2024. The trust operates as a public charity, not a private foundation, which means it can accept a far wider range of illiquid assets — privately held business interests, real estate, cryptocurrency — and process them into donor-advised funds for individuals and institutions. This structural choice made NPT the go-to intermediary for complex charitable giving, particularly from the technology and private-equity wealth corridors. NPT's primary activity is sponsoring donor-advised funds, a vehicle that allows donors to make an irrevocable charitable contribution, receive an immediate tax deduction, and recommend grants to qualified nonprofits over time. The trust has historically channeled grant dollars toward education, human services, health, and arts organizations, with a geographic footprint that spans all fifty US states and extends internationally through NPT UK and NPT Transatlantic. In 2021, NPT processed an estimated $4.9 billion in contributions, according to its own annual report, outpacing many community foundations that have operated for decades. The trust does not invest in venture-backed companies or direct deals; instead, it liquidates complex contributions and redeploys the proceeds through a menu of investment pools managed by external asset managers. Holly Welch Stubbing succeeded Heisman as President and CEO effective July 1, 2024, taking over an organization that has granted more than $21 billion since inception. The board includes Jeffrey Armbrister, the CFO of Hamilton Lane, and Connie Collingsworth, the former Chief Legal Officer of the Bill & Melinda Gates Foundation — connections that reinforce NPT's position at the intersection of institutional finance and large-scale philanthropy. NPT also collaborates with 1% for the Planet on the Planet Impact Fund, which directs contributions toward environmental nonprofits. The trust maintains the infrastructure to accept unusual assets: life insurance policies, Midwest commercial real estate, modernist oil paintings, antique furniture, jewelry, rare coins, and cryptocurrency portfolios. NPT's structural differentiator is that it is a donor-advised fund sponsor with national scale and no regional community affiliation — a pure-play intermediary that competes directly with the charitable arms of Fidelity, Schwab, and Vanguard. Unlike those commercial gift funds, NPT is a nonprofit with an independent board, which allows it to accept assets that commercial sponsors often decline, particularly pre-IPO stock and complex partnership interests. This independence, combined with the ability to process illiquid contributions at volume, has made NPT the default charitable exit for founders and private-equity partners who want a tax-efficient way to fund their philanthropy without selling shares beforehand.

## Sectors

- Philanthropy

## Offices

- London, UK

## People

- Holly Welch Stubbing — President and CEO
- Eileen Heisman — Trustee and Former CEO

## Questions

### What is NPT's relationship with 1% for the Planet?

NPT collaborates with 1% for the Planet on the Planet Impact Fund, a donor-advised fund program designed to channel contributions specifically toward environmental nonprofits. NPT provides the administrative and custodial infrastructure, while 1% for the Planet contributes the network of verified environmental giving opportunities.

## Related profiles

- [National Pension System](https://altss.com/profile/national-pension-system-nps)
- [National Research Foundation](https://altss.com/profile/national-research-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

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