November 12, 2009
Fidelity Reports Strong Quarter
Officials at Fidelity Charitable Gift Fund see some hopeful signs ahead of the holiday giving season.
Contributions last quarter to the organization's donor-advised funds were 27 percent less than the group received in the same quarter in 2008, but giving is stronger than it was earlier this year, when Fidelity reported a decline of 40 percent. Fidelity said that more donors who give to its funds — to which donors give, claim a tax deduction, and then later direct their
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