A month ago Fidelity Charitable, the nation’s largest donor-advised fund, challenged its donors grant at least $200 million by May 5 to nonprofits responding to the COVID-19 pandemic. Now it reports they have more than met that challenge, doubling the amount of funds targeting those charities.
Donors to Fidelity Charitable, the nation’s largest donor-advised fund, have granted more than $236 million to such nonprofits, helping to support over 9,600 charities. Moreover, they have granted a total $2.5 billion year to date, which is 18% more than during the same period last year.
“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 Pamela Norley, president of Fidelity Charitable. “We believe our donors will continue to act generously as the needs facing the nonprofit community and society at large have never been greater.”