Charitable gift funds, introduced for the first time nearly a decade ago, have gradually gained a following, spurring additional firms to add new funds. Just last week, OppenheimerFunds of New York, introduced its first charitable gift-fund, the OppenheimerFunds Legacy Program.

"Public interest in, and donations to, charitable causes continue to grow," said Bridget Macaskill, chairman and CEO of OppenheimerFunds. "This is especially true of the tens of millions of baby boomers, many of whom, thanks to substantial and sustained appreciation in stock prices, have seen significant increases in their net worth."

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