Fidelity Investments: A History Of Sponsorship And Community Engagement

Fidelity Investments is a multinational financial services corporation based in Boston, Massachusetts. The company has a strong commitment to strengthening nonprofit organisations and has established the Fidelity Foundation, a private non-operating foundation, to achieve this goal. The foundation takes an investment approach to grant-making, funding organisations to encourage the highest standards of management and long-term self-reliance. In addition, Fidelity Investments has a separate entity called Fidelity Charitable, which is an independent public charity with a donor-advised fund program. This program simplifies charitable giving and makes it more accessible and effective for donors. The company also partners with organisations that work towards shared corporate and community goals and strengthen relationships with key stakeholders.

The Fidelity Foundation

The foundation also seeks to leverage its resources wherever possible, often by offering challenge grants that encourage nonprofits to seek and secure other funding partners. It helps match grants given by other national foundations and works with grantees to develop performance measures to determine whether a grant accomplished its intended purpose. As information is gained from funded projects, it is used to inform future projects in similar fields.

The foundation's grant program reflects Fidelity Investments' commitment to quality and continuous improvement. It looks for projects representing creative and innovative means of advancing an organization or nonprofit sector and strives to remain flexible and opportunistic through a competitive selection process.

Fidelity Charitable

The Giving Account is a charitable investment account that donors open for the sole purpose of supporting charitable organizations. Donors who contribute to the Giving Account are eligible for an immediate tax deduction. They can also advise on how their contribution is invested, allowing it to potentially grow tax-free.

In 2023, Fidelity Charitable donors recommended more than $11.8 billion in grants to support more than 199,000 charitable organizations in every state of the US and around the world. This included grants to public charities, private operating foundations, and government units.

Fidelity Labs

• Catchlight, an AI-powered software to help financial advisors grow their business
• FidSafe, a secure storage solution for important documents
• ESG Pro, an end-to-end ESG investing solution for financial advisors
• Saifr, a startup that makes regulatory compliance faster, less expensive, and more accurate via human augmentation

Fidelity Corporate Development

Fidelity's corporate sponsorship program is an important part of its commitment to shared corporate and community goals. The company partners with organisations that do good work locally and nationally, supporting important programs and strengthening relationships with key stakeholders. Fidelity welcomes formal sponsorship requests through its online system and is committed to providing an inclusive and respectful workplace, extending this expectation to its partner and support organisations.

The company's commitment to strengthening nonprofit organisations is also evident through the Fidelity Foundation, which has focused on this area for over 50 years. The Foundation takes an investment approach to grant-making, seeking to support major initiatives that will have a lasting, measurable impact. It views its philanthropy as an investment of financial resources and business skills, carefully examining each aspect of an organisation's project idea, management team, and financial situation to ensure its resources achieve tangible results.

Fidelity's diverse businesses and independence give it insight into the entire market, and it is constantly innovating to serve its customers' evolving needs. The company works closely with employers to create dynamic, integrated benefit programs for their employees, including retirement savings, health and welfare, stock plan services, and charitable giving programs.

Fidelity's commitment to its customers is evident through its range of services, and it continues to challenge the status quo to stay ahead of its customers' distinct and evolving financial needs.

Fidelity Digital Assets

In 2018, Fidelity launched a separate entity dedicated to institutional crypto-asset custody and cryptocurrency trading, marking a significant step into the digital asset space. This entity, known as Fidelity Digital Assets, was created after years of research into Bitcoin and blockchain technology.

In addition to its institutional focus, Fidelity Digital Assets also caters to individual investors through Fidelity Crypto. This service allows individuals to buy and sell digital assets conveniently through the Fidelity Investments App.

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