At Fidelity Charitable, the largest DAF provider, a survey of almost 500 clients released Tuesday found that 46% said they’ve given “notably more because of Covid-19,” while 50% said donations have held steady this year.
“We need to get money off the sidelines and into the game,” Novogratz, a former hedge fund manager who is co-founder of Galaxy Digital LP, said in a statement. “Donor-advised funds and private foundations that have growing resources need to help people and the nonprofits that support them now.”
This article was provided by Bloomberg News.