Fidelity Charitable® donors recommend a record $11.2 billion in grants during 2022—bolstering nonprofits with $1 billion more during a year of economic downturn

BOSTON–(BUSINESS WIRE)–Fidelity Charitable®—an independent public charity and the nation’s largest grantmaker—distributed $11.2 billion in donor-recommended grants in 2022, nearly $1 billion more than in the previous year, according to its 2023 Giving Report. This giving level represents a 9% increase over 2021 and a surge of philanthropic support during a 12-month period when the S&P 500 experienced a 19% decline. In total, donors recommended an unprecedented 2.2 million individual grant