Fidelity Charitable^SM Reports Record-Breaking Volumes for First Half of Year

Formerly the Fidelity^® Charitable Gift Fund, New Name Reflects Expanded Offering of Programs and Services Designed to Make Giving Simple and Effective

BOSTON – Fidelity Charitable^SM, which manages the nation’s largest donor-advised fund program and is one of the largest public charities in the country, today announced record-breaking contribution and grant levels for the first half of the year and a new name as it celebrates its 20th anniversary.

Fidelity Charitable, formerly known as the Fidelity^® Charitable Gift Fund, reported a 30 percent increase in contribution volumes for the first six months of the year, an all-time high for this time period, resulting in $512 million in new charitable dollars, up from $457 million in the first half of 2010. Outgoing grants also set a record for the first half with more than 170,000 totaling $604 million going to nonprofit organizations nationwide. These figures are up 12 percent and 14 percent respectively from the first six months of 2010.

Since 2005, the total number of donor-advised funds has grown by more than 51 percent and now outnumbers private foundations by more than two to oneⁱ. Since its inception 20 years ago, Fidelity Charitable has made more than $11 billion in donor-recommended grants to more than 140,000 charitable organizations across the United States.

“Whether it’s in choosing what assets to give, how their charitable contributions are invested or how to effectively support causes they care about, donors are looking for – and employing - strategies that help them give more,” said Libbey. “In recent years, we’ve responded by expanding our programs and services to help them do just that. Our new name and tagline -- ‘Make More of a Difference’ – reflects our broader mission to be a resource for individuals, families and their advisors, and to help them give more by making giving simple and effective.”
Fidelity Charitable said its new name will be rolled out over the coming months.

Donations of Appreciated Securities and Complex Assets Continue to Rise
Favorable market conditions in the first half encouraged donors to continue to leverage key assets in their financial portfolios to fund their Giving Accounts. Appreciated securities comprised 59 percent of total contributions, up from 51 percent during the first six months of 2010. Contributions in the form of complex assets -- illiquid securities such as privately held C- and S-Corp stock, limited partnership interests and certain publicly traded stock – more than tripled in the first half, climbing to 8 percent of contribution dollars.

“This increasing trend toward donations of non-cash assets illustrates the deepening integration of charitable planning into overall financial planning. This activity, combined with the current giving momentum, points to great progress in this sector,” said Libbey. “As donors and the advisors who assist them become more strategic about giving, it ultimately frees up more money for charitable organizations. It’s a win all around.”

Fidelity Charitable 2011 Fiscal Year Results
Fidelity Charitable’s 2011 fiscal year also showed very strong donor activity. Incoming contributions during the fiscal year ending June 30, 2011 were up 31 percent from fiscal year 2010, resulting in $1.7 billion in new charitable dollars. Donors recommended grants totaling more than $1.2 billion to nonprofits nationwide, up 15 percent from the prior fiscal year. Fidelity Charitable ended its fiscal year with $5.6 billion in assets, up 29 percent from fiscal year 2010.

About Fidelity Charitable^SM
Fidelity Charitable^SMis an independent public charity, established in 1991, with the mission to further the American tradition of philanthropy by providing programs that make charitable giving simple and effective. Since its inception, the program has helped donors support more than 140,000 nonprofit organizations with over $11 billion in grants. For more information, visit www.FidelityCharitable.org

i National Philanthropic Trust 2010 Donor Advised Fund Report

Fidelity Charitable is the brand name for Fidelity® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo are service marks, and Fidelity is a registered service mark, of FMR LLC, used by Fidelity Charitable under license. Giving Account is a registered service mark of the Trustees of Fidelity Charitable. 5

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