Nonprofit Newswire | Fidelity Gift Fund Continues Growth Spurt

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August 11, 2010; Source: Financial Advisor | The Fidelity Gift Fund reported continued growth during the last six months with contributions to the Fund increasing by 67 percent. See our past coverage here. This was partially driven by a 19 percent rise in new accounts in its donor advised fund. “For the fiscal year ended June 30, incoming contributions to the Gift Fund totaled $1.3 billion—a 39 percent gain over the prior year. And donors recommended $1.1 billion in grants to nonprofits, an 11 percent gain.” Watch for our Fall issue of Nonprofit Quarterly on Philanthropy for a more thorough analysis of the gift funds seated in investment firms.—Ruth McCambridge