Fidelity Charitable Gift Fund Shows Strong Gains

from The Chronicle of Philanthropy:

Nation’s Third Largest Charity Sees Revival in Giving

More signs that giving is recovering from the downturn: Fidelity Charitable Gift Fund on Wednesday reported that it raised 67 percent more in the first six months of the year than it did in 2009. Donors provided $457-million so for this year.

… In the first six months of the year, donors distributed $531-million, or 16 percent more than in the first half of 2009. That was the largest amount ever distributed in the first half of the year by the Fidelity gift fund since it was founded in 1991.