Donations Rise Quickly at Fidelity’s Gift Fund
February 8, 2008 | Read Time: 1 minute
Donors to the Fidelity Charitable Gift Fund distributed a total of $1.17-billion to charities of all types last year, the largest amount in its history and a 24-percent increase over 2006, The Boston Globe reports.
Donors create funds at Fidelity they can use like a charitable checking account. The Fidelity Charitable Gift Fund, which holds more than $5-billion in assets, has disbursed more than $7.7-billion since its inception in 1991. The organization announced that it raised $1.85-billion in new money last year.
The gift fund ranked No. 4 on The Chronicle’s most-recent annual list of the nonprofit groups that raise the most money for charity.
(Free registration is required to view this article on the Boston Globe site and to view the “Chronicle of Philanthropy piece.)
