Donor-advised-fund accounts managed by Fidelity Charitable made more than $5.25 billion in grants so far in 2019 to 125,000 charities, Fidelity announced Wednesday.
That amount exceeds the $5.2 billion disbursed in all of 2018.
With more than two months still to come in 2019, the total for this year appears likely to exceed $6 billion.
Fidelity stated in a news release that grant making from donor-advised funds tends to hold up even when financial markets or the economy are struggling. “For example, despite market fluctuations and tax reform uncertainty that caused a 1.1 percent drop in individual giving in 2018, grants recommended by Fidelity Charitable donors increased by 17 percent that year,” Fidelity Charitable stated in a news release.
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