Join The NonProfit Times: or Become a member

Subscribe: Print Publication or Newsletter

Stay connected.
Stay informed.

Fidelity Charitable Gifts Exceed $1 Billion

By The NonProfit Times - July 17, 2014

Grants by one of the nation’s largest donor-advised funds jumped almost 20 percent during the first half of this year, compared to the same period in 2013, while an increase in mergers and acquisitions activity helped to push a 33-percent spike in contributions.

Boston, Mass-based Fidelity Charitable announced today that distributed grants reached almost $1.1 billion, up from the previous record of $919 million in 2013. The size of grants ranged from $50 to millions, with an average of $4,300 among the more than 250,000 awards in all. There were 110 grants of $1 million or more, totaling $241 million.

Fidelity also announced results for the fiscal year ending June 30, 2014, distributing almost $2.3 billion – up 23 percent – with donors contributing $3.9 billion, an increase of 8 percent.

The number of new charitable accounts established at Fidelity rose 41 percent over the first half of 2013. Donors contributed nearly $1.2 billion, a 33-percent increase from the same period last year. The majority of contributions were in the form of appreciated assets. Donations of securities account for 48 percent of contributions. Complex assets, such as private business interests and other non-publicly traded assets, accounted for 9 percent of contributions. In the first half of this year, contributions of complex assets more than doubled, compared to the same period in 2013, to more than $100 million.

“We hear from our donors that they are feeling more confident as the economy continues to recover, and are reflecting that optimism in their charitable giving,” Fidelity Charitable President Amy Danforth said. “Donors are focused on maximizing efficiency and impact; and that starts with how they fund their philanthropy. Donating private business interests can be a powerful way to give, conferring tax efficiencies that enable donors to give over 20 percent more to their charitable causes in some cases,” she said.

The increase in donated complex assets was driven by entrepreneurial Baby Boomers selling their companies to retire, and a rise in merger and acquisitions deals that has more entrepreneurs and investors experiencing wealth events that can be significant, according to Fidelity. The organization cited data from Mergermarket that estimated the value of mergers and acquisitions in the U.S. was up 98 percent, to $695 billion, over the same period last year.

The announcement comes a day after San Francisco, Calif.-based Schwab Charitable announced that its grants were up 38 percent, to $822 million, for the fiscal year ending June 30, with a 17-percent increase in the number of accounts.


Sponsored Podcasts

Welcome to the Raise & Engage podcast, a filters-off series for nonprofit professionals hosted by Blackbaud's straight-shooting expert Danielle Johnson Vermenton. During this open-mic session, you’ll hear honest advice to help YOU do more for your cause.

Episode 6: The Power of ‘No’ at Work|| daniellejohnson-76

You have a job description, but on any given day, you're probably doing dozens of things outside the scope of that description. Combine that with the challenge of a fast-paced environment and the shifting priorities of funders, colleagues, and board members and it’s easy to fall short of doing your best. By being mindful of your limitations and capacity—and saying “no” when your plate is full—you can actually do more for your cause. In the sixth installment of the Raise and Engage podcast Danielle Johnson and Robin Anderson discuss the power of saying “no” at work.

Episode 5: Professional Development: Getting Un-Stuck|| daniellejohnson-76

In the most recent episode of Raise + Engage, Danielle is back with Brian Reich from little m media to discuss how nonprofit professionals can stay motivated and energized in their day-to-day roles. Brian shares his experience working with nonprofits and the lessons and tips he's learn from and shared with them over the years, including tips for avoiding a professional rut, creating forward momentum in your career and pushing yourself outside of your comfort zone. If you're considering making a career move or want to ensure you're on the right path, you won't want to miss this inspo-packed episode!

Episode 4: Apps and Hacks to Stay (Mostly) Sane || daniellejohnson-76

Episode 4: Apps and Hacks to Stay (Mostly) Sane, is all about tips, tricks and tools for sanity. Blackbaud’s own interactive product marketer, Julia Lenz, joins host Danielle Johnson to share some high tech. (and no tech.) productivity tips to help nonprofit professionals stay sane in the crazy world of philanthropy.

Tune in to hear:

  • Tips for how to spend the first 30 minutes of your day
  • The benefits of 15 minute meetings
  • Why notebooks are still relevant to a successful organization
  • Ideas for better managing your inbox
  • Why you should take lunch outside the box
  • ...and much more!
Don’t forget to visit the #NoFilterNonprofit Hub afterwards to download our newest tip sheet10 Productivity Hacks for Nonprofits.

Episode 3: Tech. Connection: Solutions, Strategy, and Staff || daniellejohnson-76

Episode 3: Tech. Connection: Solutions, Strategy, and Staff In episode 3 of the Raise + Engage podcast, Danielle Johnson is joined by Chris Geady and William DaSilva, two IT experts in the nonprofit space, to talk technology integration for NPOs: when you need it, when you don’t, and how to do it successfully.

Tune in to hear:

  • When to say NO to integration
  • How to set your strategic plan before even looking at technologies
  • Ways to get your entire team on board
  • The importance of identifying a project lead
  • The RFP process - how it should and should not go
And William shares a story about a nonprofit that may or may not have still been using a typewriter. You don't want to miss this one!

Episode 2: From Socially Awkward to Socially Awesome! || daniellejohnson-76

According to Danielle Johnson, straight-shooting host of the Raise + Engage podcast series, if your staff members aren’t the number one advocates for your cause on social media, you’re failing. In the most recent episode, Danielle is joined by Blackbaud’s own social media guru Madeline Turner to discuss overcoming social struggles and creating a social ambassador program at your organization. This entertaining and insightful duo dishes on the importance of making your social media presence human, making the case for a formal social program to leadership, how University of Michigan turned a one time social media campaign into a long term social program, and how Madeline's mom unknowingly became a social ambassador on #GivingTuesday.

Episode 1: Corporate Culture & Development: Shake It Up! || daniellejohnson-76

In the premiere episode of Raise & Engage, Danielle is joined by three straight-shooting nonprofit rock-stars: Jodi Smith of Sanford Health Systems, Veronica Brown of Chicago Public Library Foundation and Ali Burke of Southlake Regional Health Centre Foundation. The group talks organizational culture, problem employees, why its important to celebrate and how to shake things up this year and build a better more authentic team that gets stuff done!


Stay informed, catch latest trends in the nonprofit space.

Subscribe to Our Free Newsletter

No obligation, unsubscribe at anytime.

Success! Check your email inbox.

Follow Us On Twitter

NPT 2016 Buyers' Guide

Newsletter Sign-up

click here to return to the previous page