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The Boom in Charitable Funds

1/24/2013
January 24, 2013

 
From WSJ - by Laura Saunders
 
Due to an uncertain tax climate and several years of strong markets, 2012 was a record year for “donor advised” charitable gift funds at Fidelity Investments Charles Schwab and Vanguard Group. 
 
Schwab opened more than 2,300 new accounts during the six months from July through December, more than twice the number during the same period a year earlier. Contributions to new and existing accounts more than tripled for the same period, from about $500 million to nearly $1.6 billion, according to a company spokesman. Read more...
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Broward County Inspiring Philanthropy over 25 years