Fidelity Charitable said 2015 donor-advised grants were highest in history

BOSTON – Fidelity Charitable donors recommended a record $3.1 billion last year in grants to support more than 106,000 charities.
Fidelity Charitable, an independent public charity, said this is the highest level since launching the first national donor-advised funding program 25 years ago. To date, the independent charity said more than $21 billion in grants have been made.
“Despite the market downturn this year, our donors continued to show dedication to giving back,” Amy Danforth, Fidelity Charitable president, said in a statement. “One of the inherent strengths of donor-advised funds is that they enable sustained giving. Donors who contribute to donor-advised funds irrevocably commit those funds to philanthropy. This makes their ability to give – year in and year out – less sensitive to market fluctuation and provides a source of ongoing support to thousands of charities nationwide.”
In 2015, Fidelity Charitable said it made more than 733,000 donor-recommended grants, an 18 percent increase from 2014. Grant amounts ranged from $50 to multi-million-dollar amounts; the average grant size was $4,200, slightly higher than in 2014.
Donors recommended nearly 600 grants, totaling $3.3 million to support refugee relief; they also supported relief efforts for the earthquake in Nepal in April, with $8.3 million for the cause.
Contributions of non-cash assets grew 18 percent compared with the previous year, Fidelity Charitable said.

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