Boston-based Fidelity’s Charitable Gift Fund reported donating a record $1.2 billion to nonprofits during 2010.

Fidelity’s Gift Fund donors made more than 353,000 grants totaling more than $1.2 billion to nonprofits across the country during 2010, a 19 percent and 14 percent increase, respectively, compared to 2009, according to a statement. It was the fourth consecutive year that grants totaled more than $1 billion.

"With demands on the nation’s charities as great as they’ve ever been, our donors gave at record levels in 2010 — something we hope is a leading indicator for overall charitable giving in the U.S.," said Sarah Libbey, president of the Fidelity Charitable Gift Fund. "The level of activity we saw this past year illustrates the growing role of donor-advised funds such as the Gift Fund in charitable giving and also is a clear signal that Americans remain deeply committed to supporting causes they care about."