People with donor-advised-fund account at Fidelity Charitable distributed $2.35 billion in the first four months of this year, an increase of 16 percent over the same period last year.
Of that total, $184 million was designated for needs related to Covid-19, according to a report from Fidelity Charitable. However, the report notes that the true level of giving for Covid-19 is likely much higher because many other gifts designated the funds should be disbursed “where needed most.”
Gifts for food programs soared to nearly $75 million in the first four months of 2020, compared with $9.7 million during the same period last year. Meanwhile, support in most other categories of giving including arts and culture, the environment, and international affairs held relatively steady.
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