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Fidelity DAFs Pumped $4.5 Billion Into Nonprofits...

Contributions to Fidelity Charitable, the nation’s largest commercial donor-advised fund (DAF), jumped almost 30 percent last year, including a tenfold increase in cryptocurrency like Bitcoin, and noncash donations of almost $1 billion. Fidelity Charitable today released its 2018 Giving Report, detailing $4.5 billion distributed through more than 1 million donor-recommended grants to almost 127,000 nonprofits […]

Fidelity, Vanguard, Schwab Passed Along $5.7 Billion...

As giving to donor-advised funds (DAF) continues to grow so does grant-making by the charitable giving vehicles. This week, Fidelity Charitable reported a record $3.5 billion in distributions on behalf of donors last year, a 15-percent increase compared to 2015. Schwab Charitable facilitated more than $1.5 billion in grants to charities in 2016, a 41-percent […]

DAFs Pass Along $5.1 Billion...

Three of the largest donor-advised funds (DAFs) in the nation reported record grant distributions during 2015, totaling more than $5.1 billion. The largest was Fidelity Charitable, reporting distributions of $3.1 billion, an increase of 19 percent from the previous year’s $2.6 billion. Schwab Charitable reported $1.07 billion in distributions, up 15 percent. The National Christian […]

Live From SXSW: Digital Currency, Banking the Unbanked...

For many people around the world, digital literacy is more than gaining access to online content but truly having access to independence through education and banking. At SXSW, Sophie Kelly, CEO of The Barbarian Group, facilitated a discussion about the benefits and challenges of digital currency with Roya Mahboob, co-founder of Digital Citizen Fund, and […]

Controversial Currency Being Converted To Cash...

The University of Puget Sound in Taco­ma, Wash., often receives donations from alumni so it wasn’t a surprise to Sherry Mondou, the university’s vice president of finance and administration, when 2007 graduate Nicolas Cary expressed interest in donating to the school. The revelation was the form in which he wanted to give. Cary’s $10,000 donation […]