Donors gave to Fidelity’s donor-advised fund in record numbers in 2010 - a sign of the critical role donor-advised funds are playing in charitable giving.
On Tuesday Fidelity announced that its Gift Fund donors made more than 353,000 grants totaling over $1.2 billion to nonprofits in 2010, a jump of 19% in total number of grants compared to 2009 and an increase of 14% in the dollar amount over last year. This is the fourth consecutive year that the Gift Fund’s donors advised grants of more than $1 billion, Fidelity said.
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