jamesmschaffer

Fidelity gift fund made $2.1 billion in grants for clients – Business – The Boston Globe

In India & International Philanthropy, Major Donors, Planning, Prospects on 01/29/2014 at 11:39 pm

Fidelity gift fund made $2.1 billion in grants for clients – Business – The Boston Globe.

Fidelity Charitable, the donor-advised fund operated by Boston financial house Fidelity Investments, made grants totaling $2.1-billion on behalf of clients last year, up 29 percent from 2012, writes The Boston Globe.

Reckoned the country’s second-biggest charity in The Chronicle of Philanthropy’smost recent Philanthropy 400 list, Fidelity Charitable collected $3.6-billion in gifts in the 2013 fiscal year, much of it in the form of appreciated stocks and mutual funds. It made grants to more than 80,000 organizations, with the number of $1-million-plus payments increasing by 47 percent.

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