In the Fidelity Charitable Giving Report, we look back on 2021 to understand how more than a quarter million donors continued to support their neighbors through every bout of uncertainty in another year that tested our resilience.
In 2021, Fidelity Charitable made
in donor-recommended grants, a 41% increase from pre-pandemic levels and 13% increase from 2020
Individual donors in the Fidelity Charitable community, who have embraced smarter philanthropy and use a Giving Account to maximize their charitable impact.
Grant recommendations that were designated “where needed most,” giving nonprofits the flexibility to apply funds to their most urgent, mission-critical priorities.
Unique charities that received donor-recommended grants—with donors supporting a wide range of organizations large and small, in every state and around the world.
Contributions of non-publicly traded assets exceed $10 billion since inception
Donating non-cash assets such as restricted stock or private equity may allow donors to eliminate capital gains taxes on the appreciation of the assets—with the tax savings becoming a direct source of new funding for charity. Fidelity Charitable helps convert these assets into liquid cash available for granting, including $2 billion in 2021.
Nearly twelvefold increase in cryptocurrency donations
After a year of rapid appreciation, donor contributions of digital assets like Bitcoin soared nearly twelvefold over the previous year, totaling more than $330 million in total contributions in 2021. Giving the right asset at the right time can help maximize a donor’s philanthropic impact.
In addition to supporting their long-time favorite charities, donors met 2021’s unique challenges with compassion and generosity.
The ripple effects of COVID-19 continued to influence donors. In addition to continued medical and economic aid, donors supported organizations advocating for equity for Asian Americans amid a rise in anti-Asian sentiment.
Emergency situations both domestic and international inspired donor support, including the refugee crisis in Afghanistan, earthquake in Haiti, and natural disasters across the United States.
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