Fidelity Charitable Fund Gave Out a Record $846M in 2005: The donor-advised fund saw a 21% increase in donations from 2004.

Fidelity Charitable Fund Gave Out a Record $846M in 2005: The donor-advised fund saw a 21% increase in donations from 2004.: "Fidelity Charitable Fund Gave Out a Record $846M in 2005

The donor-advised fund saw a 21% increase in donations from 2004.

By Hannah Glover, Money Management Executive

February 21, 2006- The Fidelity Charitable Gift Fund gave $846 million in grants last year, setting a new record and signaling a strengthening market. The fund also received 21% more donations last year compared with giving in 2004. 'These milestones reflect the continued generosity of our donors and demonstrate how donor-advised funds continue to bring more individuals to philanthropy by making giving simpler and more effective,' said David Giunta, president of the 15-year old fund. Fidelity cited the spate of natural disasters in 2005 as a cause for the spike in donations, and also announced 10% increase in the number of organizations nominated for grants."