Fidelity Charitable grants, totals increase during first nine months of 2016

DURING THE FIRST NINE MONTHS OF 2016, Fidelity Charitable donors recommended $2.3 billion in grants, the independent public charity reported this week.
DURING THE FIRST NINE MONTHS OF 2016, Fidelity Charitable donors recommended $2.3 billion in grants, the independent public charity reported this week.

BOSTON – Fidelity Charitable reported this week that during the first nine months of 2016, $2.3 billion in grants were recommended by donors, a 15 percent increase over last year. The number of grants also rose – by 12 percent – over the same amount of time, with over 489,000 grants made to over 90,100 nonprofits.
Disaster-related giving to victims of Hurricane Matthew was recommended by donors to 180 different charities, Fidelity Charitable said in a press release. More than $2.5 million was recommended for these disaster-aid groups, such as the American Red Cross and Partners in Health.
This past summer, Louisiana flooding led to $1.2 million in grants to 197 charities, such as the Red Cross, Samaritan’s Purse and the Salvation Army, among others. The Syrian refugee crisis brought another large boost in grants this year: More than $2.3 million went to organizations such as the International Rescue Committee, Doctors Without Borders, Catholic Relief Services and others – 188 groups total.
“This year has seen many challenges for people globally, driven by natural disasters and armed conflict,” Fidelity Charitable President Pamela Norley said.
“Our donors have quickly mobilized to assist people … we are in a fortunate position to empower our donors to support the charitable causes they care most about – in the immediate aftermath of a tragedy and in the longer term.”
This past July, Fidelity Charitable launched its “$25 billion in 25 years” initiative. The independent public charity is looking to award a lifetime cumulative of $25 billion in grants to charities for its 25th anniversary. It’s reached more than $24 billion as of Sept. 30.
Founded in 1991, Fidelity Charitable serves diverse needs with a donor base of 132,000 contributors.

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