As the recovery takes hold, the non-profit world may be seeing glimmers of hope if the contributions into the Fidelity Charitable Gift Fund are any indication, said Sarah C. Libbey, the fund’s president.
For the third year in a row, the Fidelity Gift Fund, the nation’s largest donor-advised fund, has granted out more than $1 billion. In fact, Libbey said in an interview, “2010 had incoming contributions that are up 9% over 2008. That was a very positive sign.” Even compared with last year, contributions and new accounts are both up significantly. And the last quarter of 2009 was one of the strongest quarters in two years, she said.
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