{"id":8367,"date":"2023-05-31T08:41:06","date_gmt":"2023-05-31T13:41:06","guid":{"rendered":"https:\/\/www.nptrust.org\/?p=8367"},"modified":"2024-07-17T10:35:25","modified_gmt":"2024-07-17T15:35:25","slug":"nonprofits-receive-over-65-million-in-grants-from-npt-through-paypal-grant-payments","status":"publish","type":"post","link":"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/nonprofits-receive-over-65-million-in-grants-from-npt-through-paypal-grant-payments\/","title":{"rendered":"Nonprofits Receive over $65 Million in Grants from NPT Through PayPal Grant Payments"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Since debuting in August 2022, National Philanthropic Trust (NPT) and PayPal have already electronically disbursed over <strong>$65 million in grants<\/strong> to charitable causes through <a href=\"https:\/\/www.paypal.com\/merchantapps\/appcenter\/acceptpayments\/grant\" target=\"_blank\" rel=\"noreferrer noopener\">PayPal Grant Payments<\/a>. Donors recommend these grants from their <a href=\"https:\/\/www.nptrust.org\/what-is-a-donor-advised-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">donor-advised fund<\/a> (DAF) accounts to support nonprofit missions across the country.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">The Benefits of PayPal Grant Payments<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">PayPal <a href=\"https:\/\/www.paypal.com\/merchantapps\/appcenter\/acceptpayments\/grant\" target=\"_blank\" rel=\"noreferrer noopener\">Grant Payments<\/a> allows DAF sponsors, like NPT, to streamline the grant process and deliver funds to nonprofits in a secure and timely manner. PayPal Grant Payments is completely free for grantees, and the system takes no percentage of the transfers or fee. This means that every grant dollar issued through PayPal Grant Payments from a DAF account goes directly to the eligible charity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When recommending grants, donors can choose to share personal information with the nonprofit. PayPal Grant Payments securely transmits this information through the portal, so donors\u2019 personal information is kept safe. In the portal, PayPal Grant Payments provides all of the necessary grant information to organizations right when they\u2019ve logged in to their dashboard. Fundraising staff can easily export grant data from PayPal Grant Payments into their accounting and\/or CRM systems too.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This paperless, <a href=\"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/next-gen-donors-are-here-now\/\" target=\"_blank\" rel=\"noreferrer noopener\">environmentally-friendly<\/a> grantmaking process also eliminates the stress of waiting and uncertainty that can often accompany mailed checks. After a nonprofit accepts a grant, funds are quickly transferred to their PayPal account. <strong>To date in<\/strong> <strong>2023, a majority of NPT\u2019s grants completed through PayPal Grant Payments have been in a charity\u2019s account within 24 hours.<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">How to Enroll Your Nonprofit for PayPal Grant Payments<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Organizations that sign up for PayPal Grant Payments get the full value of the grants they receive and can put the funds to use immediately. For nonprofits that are focused on urgent matters, such as responding to <a href=\"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/four-strategies-for-impactful-disaster-relief-giving\/\" target=\"_blank\" rel=\"noreferrer noopener\">natural disasters<\/a>, world events or providing ongoing <a href=\"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/covid-19-now-updated-insights-for-donors\/\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 relief<\/a>, the immediate access to these funds can be crucial.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For those that have not yet <a href=\"https:\/\/www.paypal.com\/merchantapps\/appcenter\/acceptpayments\/grant\" target=\"_blank\" rel=\"noreferrer noopener\">signed up<\/a>, all that is required is to register and verify the organization\u2019s nonprofit status using the EIN or by simply uploading documentation. Account approval typically occurs within 3-5 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nonprofits can accept grant payments from NPT now, <a href=\"https:\/\/www.vanguardcharitable.org\/nonprofit-organizations\" target=\"_blank\" rel=\"noreferrer noopener\">Vanguard Charitable<\/a> in the near future, and a growing roster of participating grantmaking organizations as the year progresses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With millions of dollars in grants already safely and efficiently transferred via PayPal Grant Payments, a world of giving and receiving is right at your fingertips.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you have any questions about PayPal Grant Payments or about your donor-advised fund account, please reach out to <a href=\"mailto:npt@nptrust.org\" target=\"_blank\" rel=\"noreferrer noopener\">npt@nptrust.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since debuting in August 2022, National Philanthropic Trust (NPT) and PayPal have [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":7648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"_has_post_settings":[],"footnotes":""},"categories":[30],"tags":[],"hashtags":[],"class_list":["post-8367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-philanthropist"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nonprofits Receive over $65 Million in Grants from NPT Through PayPal Grant Payments | NPTrust<\/title>\n<meta name=\"description\" content=\"Donors and grantees alike have benefitted from the ease, timeliness, security and accessibility of going paperless.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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