Boston-based Fidelity Charitable has announced that its donors have recommended grants totaling $236 million to date in support of COVID-19 relief and response efforts.
Between January 1 and May 5, more than ninety-six hundred charities received grants from Fidelity donors in support of COVID-19 activities. The total exceeds the $200 million COVID-related goal Fidelity Charitable encouraged its donors to meet by #GivingTuesdayNow, a global day of giving held on May 5 in response to the pandemic. The total number of grants recommended by Fidelity Charitable account holders for all issue areas through May 5 is up more than 30 percent on a year-over-year basis, while total grant dollars are up 18 percent, to more than $2.5 billion.
Human services providers such as food banks and homeless shelters, which received 36 percent of COVID-designated grants, saw a 68 percent surge in grant volumes on a year-over-year basis. Society benefit organizations, which include community foundations and social advocacy groups, received nearly 20 percent of COVID-designated grants, with a 37 percent increase in the number of grants, while giving to medical relief organizations drove a 36 percent increase in the international affairs issue area compared with the same period in 2019.
"The $2.5 billion in grants from our donors so far this year will go a long way in helping sustain all nonprofits through this crisis and beyond," said Fidelity Charitable president Pamela Norley. "We believe our donors will continue to act generously as the needs facing the nonprofit community and society at large have never been greater."
(Photo credit: United Way)