ICYMI: Fidelity Charitable Sees Over 1,000% Increase in Crypto Donations
Submitted by Nadia Elokdah on April 1, 2022
“Philanthropists apparently wanted to help arts and culture organizations that were hurt by canceled performances, classes and fund raising events, which caused a loss of revenue,” Fidelity Charitable said. Summarizing support as, “Donors gave $351 million more in 2021 than in 2020 to arts and cultural organizations.”
“Fidelity Charitable donors contributed $331 million in digital assets in 2021, compared to $28 million contributed in 2020,” noted Financial Advisor. “The phenomenal giving we saw from Fidelity Charitable donors in 2020 continued to grow in 2021, showing us that this increase in generosity is a sustainable trend,” Fidelity Charitable President Jacob Pruitt said in a statement.