In the wake of Nepal's devastating 7.9 magnitude earthquake on April 25, donor-advised funds have found themselves poised to direct millions of dollars to help the region rebuild.
Clients at Fidelity Charitable, an independent public charity with a donor-advised fund program, had pooled their efforts to recommend 1,822 grants, totaling $2 million in combined relief, as of Wednesday morning, the firm says. And at Schwab Charitable, account holders made a total 464 grants for a combined $527,977 to Nepal disaster relief by the end of the day on April 28, according to the firm.
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