Donors ratcheted up their giving last year at Fidelity Charitable as outgoing grants and incoming contributions reached record highs.
Fidelitys independent public charity and donor advised fund program reported a 24% increase from 2011 in dollar amounts going to grants and charitable accounts. In 2012, donors recommended more than 428,000 grants totaling $1.6 billion and contributed $3.6 billion to charitable accounts as an improved stock market and tax concerns helped drive up giving. Moreover, the number of new charitable accounts rose 32%.
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