Fidelity Charitable surpasses $1B grant mark

FIDELITY CHARITABLE has announced that it has surpassed $1 billion in grants to charities for the year, the independent public charity reported Tuesday.
FIDELITY CHARITABLE has announced that it has surpassed $1 billion in grants to charities for the year, the independent public charity reported Tuesday.

BOSTON – Fidelity Charitable has announced that it has surpassed $1 billion in grants to charities for the year.
As of May 7, Fidelity Charitable had made more than 223,000 donor-recommended grants totaling $1 billion.
The $1 billion grant milestone was reached nearly six weeks earlier than in any previous year – the previous record being set June 17 of last year, according to the organization.
“Our donors’ passion for a wide range of causes – we have supported more than 55,000 charities just this year – and commitment to giving year-round have propelled our granting to new heights,” Amy Danforth, Fidelity Charitable president, said.
Donors used their charitable accounts to support planned giving, while also responding to urgent needs.
Two weeks after the earthquake in Nepal, Fidelity Charitable made more than 4,200 donor-recommended grants totaling $5 million designated to the relief efforts and posted guidance on giving to the cause as part of its ongoing disaster philanthropy initiative.
Established in 1991, Fidelity Charitable is an independent public charity that has helped donors support more than 190,000 nonprofit organizations with more than $19 billion in grants.

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