The Slumping Stock Market Cuts Into Giving - Philanthropy.com

The Slumping Stock Market Cuts Into Giving - Philanthropy.com: "The Slumping Stock Market Cuts Into Giving

The stock market’s slide has begun to affect a fast-growing type of giving.

Fidelity Charitable Gift Fund — which raises more than all but three other charities in the country according to The Chronicle’s Philanthropy 400 rankings — says contributions dipped by 8 percent in the first quarter of 2008 compared with the first quarter of 2007."