A random thing I learned while doing fundraising for VaccinateCA: the largest charitable funder in the U.S. isn’t a ginormous foundation or a billionaire.
It’s Fidelity Charitable. (Technically speaking.)
fidelitycharitable.org
It’s Fidelity Charitable. (Technically speaking.)
fidelitycharitable.org
Fidelity is a ginormous financial services business which has a loosely affiliated 501c3 charity. That charity takes donations, mostly from the middle class, and then bookkeeps them on a per-donor basis. The donor later makes a recommendation for Fidelity to fund another charity.
This is called a “donor advised fund” and they’re common in tax planning / wealth management for folks who both have enough money to get advice and think charity is a priority for them.
There are an awful lot of folks in that bucket.
There are an awful lot of folks in that bucket.
No endorsement implied by anyone else, btw, but I’ll report as the CEO of a charity calling into them about a donation that they were warm and efficient in getting everything processed.
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