Investors contributed $1.1 billion to the Fidelity Charitable Gift Fund in 2009, a 4.7% increase from the $1.05 billion they gave in 2008.

In addition, for the third year in a row, donors to the fund recommended a payout of more than $1 billion in 298,000 grants to charities. The fund, which is the nation’s largest donor-advised fund program and the third-largest public charity, supports 60,000 non-profit organizations.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.