Fidelity Charitable Sees Record Grants and Contributions in 2012
Outgoing grants and incoming contributions rose for the third and fourth consecutive year respectively for Fidelity Charitable, an independent public charity with a donor-advised fund program, making 2012 a record year for both measures of donor activity. In 2012, donors recommended more than 428,000 grants totaling $1.6 billion and contributed $3.6 billion to Fidelity Charitable for their charitable accounts. Both dollar figures represent a 24 percent increase compared to 2011. The number of new charitable accounts opened rose 32 percent compared to 2011.