The first version of the PayPal electronic payments system was launched in 1999. Having had no success with that business model, however, it switched its focus to a digital wallet. PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, a company that developed security software for hand-held devices. Interested grantmakers can contact PayPal for more information at, and more information can be found here.For a chronological guide, see Timeline of PayPal. ![]() Charities can review the grant information and accept or decline the grant easily within their PayPal dashboard. All eligible US charities with a confirmed charity status with PayPal can receive grants via PayPal from our partner grantmakers. National Philanthropic Trust will begin to roll out Grant Payments this month, with Vanguard Charitable offering the solution in 2023. The partnership with PayPal and Vanguard Charitable on this sector-wide solution could be a game-changer for other funders as well and has been enormously gratifying." We believe that PayPal-based Grant Payments will simplify and accelerate how grantmakers can get funds to non-profits for mission-critical programs. "NPT is always interested in innovation and the pandemic amplified the need for non-profits to receive grant dollars more efficiently," said Eileen Heisman, CEO of National Philanthropic Trust. We look forward to continuing to bring innovative solutions to the granting space, ensuring that we're always working to increase philanthropy and maximize its impact over time." By streamlining the granting process, donors can make an even greater – and faster – impact on meaningful cause areas. "Charities today need sustainable donor support more than ever. "We are thrilled to partner with PayPal and NPT to bring modern and effective granting solutions to our donors and non-profit partners alike," said Rebecca Moffett, president of Vanguard Charitable. Grantmakers and non-profits alike can utilize Grant Payments to save time and resources and focus on fulfilling their respective philanthropic missions. This process can be costly and slow, and the pandemic exacerbated delays in charities receiving grant checks due to disruptions with the postal service and the inability of some non-profits with less access to offices to retrieve checks. 1 In 2021 Vanguard Charitable sent out $1.78 billion, 2 and NPT sent out $6.4 billion 3 in grants to charities these payments were made almost entirely by check. Grants from DAFs to qualified charities totaled an estimated $34.67 billion, representing a 27.0 percent increase compared to 2019 and the highest DAF grant increase in a decade. ![]() In 2020, DAF donors granted at historic levels. "By partnering with National Philanthropic Trust and Vanguard Charitable, PayPal Grant Payments will enable more than 200,000 PayPal confirmed charities to quickly receive grants electronically, streamlining and simplifying what has historically been a much more manual and drawn-out process." ![]() "PayPal is committed to offering safe, secure and seamless products and services that drive efficiency for grantmakers and charities to digitally send and receive grant payments," said Oktay Dogramaci, VP of Giving at PayPal. Eligible and participating charities have been vetted per PayPal's strong compliance standards. Both grantmakers and charities will have access to all available grant details, including donor information when provided, via a PayPal dashboard. Grant Payments will enable charities to receive grants shortly after the funds have been approved by the grantmaker.
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