He and his late wife, Joan, established their Giving Account® in 1996 by donating privately held stock from his family's sporting goods company and have continued to make regular contributions of additional shares. The donation of those assets has fueled a stream of generous support for efforts as varied as the education of more than 1,400 children in Guatemala—many of whom had once been homeless or involved in criminal gangs or juvenile prostitution—a state-of-the-art kitchen remodel at a local YWCA battered women’s shelter, and a boost for a one-of-a-kind school for the deaf in the Philippines that trains students for the workplace. “Using a donor-advised fund is just so darn easy,” said Bob, who estimates he supports 30 nonprofits each year from his Giving Account with the funds generated from investment growth and Fidelity Charitable’s sale of the privately held stock donations. The report also highlights growing enthusiasm for impact investing as support of impact-investing nonprofits has nearly doubled over the past five years to 3,150 donor-recommended grants totalling $19.1 million in 2016. In all, Fidelity Charitable made $73 million in grants to impact-investing nonprofits over a 5-year period. Impact investing, until recently, has been a niche concept, but the growth in support across a wide breadth of Giving Accounts indicates that it may become a more mainstream trend. “At Fidelity Charitable, we’re fortunate to have a front-row seat to transformations taking place in giving,” Norley added. “Impact investing is one trend that seems to be on an upward trajectory; what hasn’t changed is the motivation and drive of donors to maximize their ability to make a difference and the power of donor-advised funds to help them do it.” Contribution and granting highlights include: Fidelity Charitable donors recommend nearly $2 billion in first six months of 2017. Fidelity Charitable’s investments have generated an additional $4.5 billion available for grants since inception. Grant dollars to charity have tripled over the last 10 years, while the number of grants $1 million or more has increased 500% to 404 grants in 2016. Sixty percent of donor contributions to Fidelity Charitable in 2016 were non-cash assets, such as stocks or mutual funds.
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