Fidelity Charitable donors gave record $4 billion in first half of year

Fidelity Charitable donors gave record $4 billion in first half of year
Giving up 48% over 2018 period; last year's giving totaled $5.2 billion.
JUL 29, 2019

Fidelity Charitable, an independent public charity and the nation's largest grantmaker, said that donors recommended $4 billion in grants through the middle of July, a 48% increase compared to the same period last year. (More: Record $5.2 billion given through Fidelity Charitable in 2018) The charity's 668,000 donor-recommended grants supported 105,000 charities. Fidelity said in a release. Last year, Fidelity Charitable donors made $5.2 billion in grants, $700 million more than in 2017. Since its inception in 1991, Fidelity Charitable said its donors have made more than $35 billion in grants to more than 278,000 charities. It noted that last year, contributions of non-publicly traded assets reached more than $1 billion and included private stock, limited partnership interests and real estate, as well as cryptocurrencies.

Latest News

401(k) savings rate at new record high but balances are down slightly
401(k) savings rate at new record high but balances are down slightly

Quarterly analysis of retirement accounts highlights positive behavior.

JPMorgan mulls new asset lending scheme aimed at crypto ETF investors
JPMorgan mulls new asset lending scheme aimed at crypto ETF investors

Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.

Fintech bytes: Future Capital adds RayJay alum to C-suite, Advyzon welcomes ex-Envestnet leader
Fintech bytes: Future Capital adds RayJay alum to C-suite, Advyzon welcomes ex-Envestnet leader

The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.

UBS 'wrongfully' fired Idaho advisor in 2021: FINRA panel
UBS 'wrongfully' fired Idaho advisor in 2021: FINRA panel

“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.

Cetera Trust hires Fidelity vet Kerri Scharr for chief fiduciary officer role
Cetera Trust hires Fidelity vet Kerri Scharr for chief fiduciary officer role

The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.