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The grant total shows how quickly use of the donor-advised fund — an investment account that allows donations to be distributed over time — is growing.
Good Wednesday morning. In today’s edition of Your Daily Phil, we report on Monday’s episode of “Get Your Phil,” in which Steve Weil, CEO of the Friends of the Israel Defense Forces, discussed his organization’s stepped-up efforts since Oct. 7, and feature an opinion...
Fidelity Charitable, the nation’s largest grantmaker, distributed a record-setting $11.8 billion to nonprofits in 2024, up more than 5% from the previous year at a time when generally donations are dropping. Fidelity Charitable said distributions to nonprofits in 2023 were four times what they were 10 years ago. “I think 2023 was a pretty amazing year,” Fidelity Charitable President Jacob Pruitt told The Associated Press.
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The grant total shows how quickly use of the donor-advised fund -- an investment account that allows donations to be distributed over time -- is growing.