One of the most effective ways to manage your philanthropy—especially if you do not have the time or inclination to check out charities directly—is through donor advised funds and those managed by Fidelity do that well, as reported by Financial Advisor.
An excerpt.
“Fidelity Investments on Wednesday said its donor-advised fund program reported both the number of grants and the amount of money granted set records for the strongest activity in the first half of a calendar year.
“The Fidelity Charitable Gift Fund said donors made more than 152,000 grants totaling $531 million to charities across the U.S. Those six-month amounts represented 27% and 16% increases, respectively, over the year-earlier period. Fidelity said the Gift Fund, a non-profit organization created in 1991, is the nation’s largest donor-advised fund program and third largest public charity.
“Overall contributions to the Gift Fund jumped 67% during the first half, fueled in part by a 19% rise in new accounts established at its Giving Account donor-advised fund, which is the vehicle that facilitates individual charitable contributions.”
About
- David H. Lukenbill
- I am a California native, married, we have one daughter and live close to the American River with two cats and all the wild critters we can feed. I am a management consultant to nonprofit organizations and have an Associates of Arts degree in Administration of Justice from Sacramento City College, a Bachelor of Science degree in Organizational Behavior from the University of San Francisco and a Master of Public Administration degree, also from the University of San Francisco.