Fidelity Charitable, operator of the nation’s largest donor-advised fund program, said its donors set records in 2011 both in the amount of money contributed to the fund and in the amount that was taken out of the fund and granted to charities.
Donors contributed almost $2.9 billion to Fidelity Charitable in 2011, up from a bit over $1.6 billion in 2010. Meanwhile, they also made 380,000 grants to nonprofits nationwide, for a total of more than $1.3 billion, up 8% from 2010’s level in both the number of grants and the total amount granted.
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