Fidelity Charitable Raises $9M in Bitcoinbr>
Fidelity Charitable, a donor fund connected to Fidelity Investments, has raised nearly $9 million in bitcoin during the first half of this year.
Fidelity Charitable started accepting bitcoin donations in November, 2015 to give donors the chance to monetize bitcoin for grant-making. In 2016, the organization raised a total of $7 million in bitcoin throughout the year.
Now, in its annual report, Fidelity Charitable revealed it has $9 million in bitcoin in the first six months of 2017. The organization also revealed that donors have already donated a total of “nearly $2 billion” since the start of the year, making 2017 a record-breaking year in the organization’s 26-year history, so far.
“When there is a need locally or globally, Fidelity Charitable donors spring to action, get involved, and provide support,” said Fidelity Charitable president Pam Norley. “Donor-advised funds are an ideal way for people to make a difference because they help donors stay nimble to immediately respond to unforeseen world events, while maintaining their commitment to their core giving interests.”