Despite the first quarter being a slower time for charitable giving, Fidelity Charitable Gift Fund announced on Thursday that it had its strongest first quarter in its 20-year history.
Incoming contributions skyrocketed 25 percent from the first quarter of 2010, with $269 million in new charitable dollars. The number of outgoing grants and the amount of grant dollars were also the highest the Gift Fund experienced in a first quarter, with donors recommending $293 million in outgoing grants to nonprofits, soaring 8 percent from the first quarter of 2010.
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