FIDELITY GIFT FUND HAS RECORD YEARThe Fidelity Charitable Gift Fund reported its largest grant-making year in history, as overall grants to charity surpassed $950 million in 2006, up 13 percent from 2005. Since its inception in 1991, the Gift Fund has granted more than $6.5 billion to over 103,000 nonprofit organizations nationwide, as of Dec. 31, 2006.
The Fidelity Gift Fund, which has the largest donor-advised fund program in the U.S., also attracted record contributions of nearly $1.3 billion in 2006, up approximately 23 percent year over year. Donations of securities accounted for more than 66 percent of all contributions to the Gift Fund in 2006.
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