Fidelity Charitable’s $688 Million Milestone: Pioneering a New Era in American Philanthropy

Fidelity Charitable® is proud to announce a landmark funding milestone—raising $688,000,000 to further empower its mission of growing the American tradition of philanthropy. As the nation's largest grant maker, Fidelity Charitable has long been at the forefront of democratizing giving, having supported over 406,000 nonprofit organizations with a staggering $84.5 billion in grants through its pioneering donor-advised fund program. Since its founding in 1991 and the launch of the first national donor-advised fund program, the organization has consistently made charitable giving accessible, simple, and effective for an ever-growing array of donors. With more than 197,000 donor-advised funds linked to over 322,000 donors, this new infusion of capital will enable Fidelity Charitable to expand its innovative programs, enhance its technological platforms, and further streamline the giving process. These efforts are designed to provide donors with even greater flexibility in how they support the causes they care about, ensuring that philanthropy continues to be a powerful tool for social impact. The funds will also be leveraged to bolster strategic collaborations with various philanthropic partners, ensure robust support for critical community initiatives, and amplify the reach of grants that address pressing societal challenges. Recognized as the inaugural Kiplinger Readers' Choice Award Overall Winner for Donor-Advised Funds in 2024, Fidelity Charitable continues to set industry benchmarks—transforming charitable practices and ensuring that every donor can make a meaningful difference. This historic funding achievement underscores the trust and commitment of the philanthropic community and positions Fidelity Charitable to further its compelling vision of a more generous and equitable society.