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.
Voya Financial adds private equity, credit and real estate options to its AMA program, building on support for looser federal investment rules in retirement accounts.
Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.
Auditors flagged the commingling. The COO allegedly knew. Investors kept getting the pitch
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
