Fidelity Charitable reports record $4.3B in giving in first half
Grants increased by 27% in dollar terms from the same period last year, with more than 123,000 charities benefiting from the donations.
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.
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