Fidelity Investments And Charity: What's The Connection?

Fidelity Charitable is an independent public charity that has helped donors support nonprofit organizations with billions in grants through its donor-advised fund program. It is the brand name for the Fidelity Investments Charitable Gift Fund, and various Fidelity companies provide services to Fidelity Charitable. The Fidelity Foundation is a private, non-operating foundation committed to strengthening nonprofit organizations. It is a separate entity that focuses on building capacity in nonprofit organizations by providing grants designed to encourage the highest standards of management and long-term self-reliance.

Fidelity Charitable is an independent public charity

Fidelity Charitable was founded in 1991 and is the nation's top grantmaker, distributing $11.8 billion to charities in 2023. It is a 501(c)(3) public charity that allows donors to maximize their generosity through a donor-advised fund called the Giving Account. The Giving Account is a charitable investment account that allows donors to give to the causes they care about while maximizing their tax benefits. There is no minimum amount required to open a Giving Account, and donors can support as many charities as they like.

Fidelity Charitable is not a private foundation, and it does not provide legal or tax advice. It is an independent organization with its own website content, for which Fidelity neither makes representations nor assumes liability.

Fidelity Charitable's mission is to grow the American tradition of philanthropy by providing programs that make charitable giving accessible, simple, and effective. It achieves this by offering a donor-advised fund, which is a tax-smart way to give back and support favorite charities. Donors can contribute cash, stocks, and more to qualify for a tax deduction and potentially reduce capital gains. The donated funds can then be invested for potential tax-free growth, allowing donors to support charities on their own timetable.

Fidelity Charitable Giving Account

The Fidelity Charitable Giving Account is a donor-advised fund that allows individuals and companies to maximize their charitable donations and impact. It is a tax-efficient way to give back to your favourite charities.

The Fidelity Charitable Giving Account is a charitable investment account. You can contribute cash, stocks, mutual funds, and other financial assets to the account. These contributions are tax-deductible and can help reduce capital gains. The funds are then invested based on your preferences, allowing for tax-free growth while you decide which charities to support. As it is a donor-advised fund, you can recommend grants to your chosen charities at any time.

Benefits of the Fidelity Charitable Giving Account

• Maximize charitable impact: The account allows you to increase your charitable donations by providing tax benefits and the potential for tax-free growth.
• Flexibility: You can support multiple charities with just one donation and recommend grants at your own pace.
• Accessibility: There is no minimum initial contribution required to open an account, and you can support as many charities as you like.
• Simplicity: The Giving Account streamlines the process of strategic giving, allowing you to contribute and plan your donations systematically.
• Family involvement: You can add family members to your account and involve them in your philanthropic journey.

Fidelity Charitable is the brand name for the Fidelity Investments Charitable Gift Fund. It is an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable, and the two work together to help individuals and companies maximize their charitable impact.

Fidelity Charitable donors

Fidelity Charitable is an independent 501(c)(3) public charity that helps individual and corporate donors maximize their generosity through a donor-advised fund, called the Giving Account. Established in 1991, Fidelity Charitable is the nation's top grantmaker, distributing a record-breaking $11.8 billion to charities in 2023, making it the most impactful year to date.

The Giving Account is like a charitable investment account that allows donors to give to the causes they care about while maximizing their tax benefits. All of this is done through one simple, streamlined account. Donors can contribute cash, stocks, mutual funds, and more to qualify for a tax deduction and potentially reduce capital gains. The charitable balance can then be invested based on the donor's preferences, unlocking more tax-free dollars.

Fidelity Charitable's donor-advised fund is one of the easiest and most tax-advantageous ways to give to charity. When donors contribute cash, securities, or other assets to the fund, they are generally eligible to claim an immediate tax deduction. These funds can then be invested for tax-free growth, while the donor decides which charities to support and when.

Fidelity Charitable offers donors access to free resources and tools to help them make a greater impact with their giving. The organization also provides philanthropic consulting services, helping donors develop or refresh their giving strategies and identify nonprofit organizations aligned with their values.

Fidelity Charitable grants

Fidelity Charitable is an independent 501(c)(3) public charity that helps individual and corporate donors maximize their generosity through a donor-advised fund, called the Giving Account. Established in 1991, Fidelity Charitable is the nation's top grantmaker, distributing $11.8 billion to charities in 2023.

The Giving Account is a charitable investment account that allows donors to give to the causes they care about while maximizing their tax benefits. All this is done through one simple, streamlined account. Donors can contribute cash, stocks, mutual funds, and more to qualify for a tax deduction and potentially reduce capital gains.

Fidelity Charitable accepts grant recommendations from Account Holders to support their philanthropic goals. Account Holders may recommend grants online, on the Fidelity Charitable app, or by phone. Grant recommendations are subject to review to ensure that funds meet the Fidelity Charitable grant guidelines. If the grant recommendation is not approved, Fidelity Charitable will notify authorized individuals or contacts on a Giving Account.

Eligible grant recipients include qualified charitable organizations under section 501(c)(3) of the Internal Revenue Code, as well as select private operating foundations or units of government as identified by the Code. Ineligible grant recipients include non-charitable organizations, private non-operating foundations, Type III supporting organizations that are not “functionally integrated”, and governmental instrumentalities.

Fidelity Charitable's donor-advised fund

Fidelity Charitable is an independent 501(c)(3) public charity that helps individual and corporate donors maximize their generosity through a donor-advised fund, called the Giving Account. Established in 1991, Fidelity Charitable is the nation's top grantmaker, distributing a record-breaking $11.8 billion to charities in 2023.

The Giving Account is a charitable investment account that allows you to give more to the causes you care about while maximizing your tax benefits. It is a simplified, tax-smart account for charitable giving that empowers you to give more to the causes you care about—all from one convenient platform. When you contribute to Fidelity Charitable, you are eligible for an immediate tax deduction. Your contribution is then invested based on your preferences, so it has the potential to grow tax-free while you decide which charities to support.

Because a Fidelity Charitable Giving Account is a donor-advised fund, you advise them on granting the money to your chosen charities. You can recommend grants to your favorite charities at any time. There is no minimum to open a Giving Account, and you can support as many charities as you like.

Fidelity Charitable accepts a wide range of financial assets, from cash and checks to stocks and even non-publicly traded assets like private business interests and cryptocurrency. You can even donate the rewards from your Fidelity® Rewards Visa Signature® Card.

Frequently asked questions