Fidelity Charitable Grants Nearly $13M to Aid Nonprofits
The Fidelity Charitable Trustees’ Initiative granted approximately $12.7 million in the 2019 to 2020 fiscal year to bolster the nonprofit sector, which is being fundamentally reshaped even as need for nonprofit services grows. The Fidelity Charitable Trustee’s Initiative is a grantmaking program of Fidelity Charitable, separate from its donor-advised fund program. Its purpose is to strengthen the resilience, sustainability and effectiveness of the social sector’s infrastructure — the shared resources, information, networks, research and advocacy that all nonprofits need. The nearly $13 million in grants also included $1.65 million for disaster relief, including to support immediate pandemic response efforts, focusing on medical needs, community safety and assistance for the charitable sector.
Details are available in the "2020 Impact Report."
“Infrastructure, the roads and bridges of the nonprofit sector, is crucial to providing services in these times, but it has been traditionally underfunded,” said Pamela Norley, president, Fidelity Charitable. “A strong foundation helps nonprofits respond effectively to changing conditions to better navigate these uncertain times, and our trustees are committed to ensuring the sector emerges from this crisis stronger than ever.”
The 40 grants made by the Trustees’ Initiative in the last fiscal year supported the social sector’s infrastructure and donor effectiveness, as well as supplemental COVID-19 relief.
Nineteen intermediary organizations that provide infrastructure support such as technology, research and other services to the nonprofit sector received grants. For example, one grant helped Benetech continue its work on a software system for the social safety net that is giving directory organizations and social service providers the ability to more easily share and maintain information on critical human services.
Nine organizations received grants to create resources and tools for donors that help them best achieve their intended impact. For example, ideas42, used the Trustees’ Initiative grant to help build and pilot tools for values-based giving.
Ten organizations received grants to help with disaster relief, including COVID-19 relief efforts. When the pandemic hit, the Trustees’ Initiative committed funds to support immediate response efforts, focusing on medical needs, community safety and assistance for the charitable sector.
In addition to its grantmaking via the Fidelity Charitable Trustees’ Initiative, Fidelity Charitable has been committed, since the beginning of the pandemic, to providing free resources to help inform the public on critical needs created by the pandemic and inspire giving. More than 225,000 web visitors have viewed the COVID-19 giving guidance and more than 9,000 have watched virtual events with nonprofit leaders.
“We seek to inspire giving that will uplift the entire nonprofit sector in a crisis,” says Norley. “It is critical that we maintain momentum as we face the marathon ahead.”
Editor's Note: This press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within do not directly reflect the thoughts or opinions of NonProfit PRO and its staff.