Fidelity Charitable announced its donor-advised-fund account holders gave more $236 million to nonprofit coronavirus response efforts and $2.5 billion over all from January 1 to May 5, an 18 percent increase in total grants over the same time period last year.
The grants have gone to more than 8,000 charities. The increased pace of grant making came a month after Fidelity Charitable pushed its donor-advised-fund account holders to double their giving and direct funds to organizations providing relief from the impact of Covid-19. Human-service charities have received the largest share of this surge, with a 68 percent year-over-year increase in the number of grants.
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