Charity Reports Giving is Up … Way Up

The Chronicles of Philanthropy reports that at least one large charity is doing better than ever:

The Fidelity Charitable Gift Fund, the third largest organization on The Chronicle’s Philanthropy 400 survey of the nation’s most successful fund-raising organizations, reported that contributions rose to $270-million in the first quarter of this year—up 109 percent over the same period in 2009.

It was the best quarter for fund raising at Fidelity since the charitable fund was founded in 1991. The gift fund enables donors to set up charitable giving accounts and help make grants from them.

The Chronicle notes that more contributions than ever were made in stock.

Perhaps this is a sign that the economy is improving. Perhaps it is a sign that the stock market is improving. Or perhaps it is just a result of an online business model that is finally taking off. Only time will tell.

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