Fidelity Charitable Edges Out Gates Foundation as Biggest Grant Maker

News December 23, 2019 at 09:58 PM

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Fidelity Charitable has knocked the Gates Foundation off its perch as the top grant-making nonprofit organization in the U.S., The Chronicle of Philanthropy reported last week, citing recent Internal Revenue Service data.

Grants recommended by Fidelity Charitable's donor-advised fund account holders in fiscal 2018 totaled $4.8 billion, while the Gates Foundation distributed $4.6 billion during the same period. The Chronicle said the Gates numbers appeared in 2018 tax documents it filed in November.

This was the first time since 2015 that Fidelity Charitable passed the Gates Foundation in grantmaking.

The report said that Fidelity Charitable's grants increased by 27.5% over its 2017 fiscal year total of $3.8 billion. In contrast, Gates Foundation grants grew by 4.4% over the 2017 fiscal total of $4.4 billion.

Here's a look at the two giants' grantmaking of the past six fiscal years, according to The Chronicle: