Fidelity Charitable Donor-Advised Funds Eclipse Previous Giving

Fidelity Charitable Donor-Advised Funds Eclipse Previous Giving

Boston-based Fidelity Charitable has announced that it has awarded $5.25 billion in grants through its donor-advised funds in 2019, a year-over-year increase of 37 percent.

With the end-of-year giving season still weeks away, the dollar total of the 955,000 grants recommended by Fidelity DAF account holders exceeds the $5.2 billion awarded in all of 2018 and has benefited more than 125,000 charities.

"Our donors are always generous in giving their time and resources, but this year's grantmaking exceeded our highest expectations," said Fidelity Charitable president Pamela Norley. "The ability to commit funds to a charitable purpose with a donor-advised fund allows donors to be both intentional and impactful; they can be thoughtful about long-term giving while also supporting charities in the moment as crises emerge locally, nationally, or internationally."