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.
Why younger clients are trading parlays for prediction markets and calling it investing
South Korea's largest life insurer is pursuing a $4.4 billion stake in PFG, one of the top three 401(k) providers in the US.
Advisors can prompt the AI agent to model a client's potential Roth conversions, home sales, income shifts, and state moves.
New integration flags non-compliant language in AI-generated meeting notes as regulators sharpen focus on advisor recordkeeping.
They settled the same day the SEC sued - but the penalty is still unset.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
