Fidelity Charitable Fund reports: received $28 million worth of cryptocurrency donations in 2020

According to BlockBeats, on February 19, Fidelity Charitable, the charitable arm of financial services giant Fidelity, released its annual report. According to official statistics, in 2020, the charity department raised $28 million in donations in the form of cryptocurrency.

The $28 million is a significant jump from the $13 million raised by Fidelity Charitable in 2019. The report said two-thirds of Fidelity Charitable’s contributions came from non-cash assets, including $1.6 billion worth of non-publicly traded assets such as private stocks or cryptocurrencies.

Fidelity’s charitable arm first began accepting Bitcoin in 2015.