Fidelity Charitable, an independent public charity and the nation’s largest grantmaker, said that its donors recommended a record $4.3 billion in grants in the first half of the year, 27% more in dollar terms than in the same period in 2020.
Altogether, more than 123,000 charities benefited from the donor-recommended grants, Fidelity Charitable said in a release. The increase in the first half of 2021 follows the record $9.1 billion granted in 2020, a 24% increase from the previous year.
This year, “our donors could surpass their record granting in 2020,” Kristen Robinson, chief operating officer at Fidelity Charitable, said in the release. “It’s very heartening to see much-needed support going to nonprofits as they continue to face challenges.”
Some 270,000 donors use a Fidelity Charitable Giving Account, the organization said.
ASA reacts as regulator drops no-deny policy, freeing firms and individuals to publicly dispute allegations after reaching settlements.
Joel Frank allegedly sold more than $39 million worth of investments in the Equilus Funds to more than 90 investors,
The Charity Parity Act would eliminate a costly IRA rollover requirement that blocks direct charitable transfers from workplace retirement plans.
A last-minute court filing ends a case against the federal tax-collecting agency that had drawn unprecedented conflict-of-interest questions from Democratic critics.
Advisors discuss their use of AI now and how it will change going forward
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
