In a good sign that the recovering economy is restoring the level of philanthropic giving that has been somewhat reduced over the recent period of financial uncertainty, one of the largest charitable gift funds—a favored way many conduct their philanthropy—has seen an increase, as reported by the Chronicle of Philanthropy.
An excerpt.
“The economy's improvement is finally making itself felt in philanthropy, as one of the nation's biggest charities on Wednesday reported an unprecedented increase in donations made in recent months.
“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 first 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.”
About
- David H. Lukenbill
- I am a California native, married, we have one daughter and live close to the American River with two cats and all the wild critters we can feed. I am a management consultant to nonprofit organizations and have an Associates of Arts degree in Administration of Justice from Sacramento City College, a Bachelor of Science degree in Organizational Behavior from the University of San Francisco and a Master of Public Administration degree, also from the University of San Francisco.