Fidelity Charitable Gift Fund

Background

The Fidelity Charitable Gift FundSM was created by Fidelity Investments® in 1992 and launched as a public charity to increase the level of charitable giving across America. The Gift Fund has succeeded in that mission while introducing the benefits of the donor-advised fund model to a broad audience of charitable givers.

The Fidelity Charitable Gift Fund allows donors to establish a type of "giving account" to which they make irrevocable contributions that qualify them for immediate tax deductions.1 Donors can then make grant recommendations from their accounts to qualified 501(c) (3) public charities immediately or in the future. Upon establishing an account, Gift Fund donors also may recommend one or a combination of four mutual fund options for their contributions. These options offer the potential for growth, which may make additional dollars available for grants to donors' favorite charities.

Through its work with individuals, families, companies and their executives, the Fidelity Charitable Gift Fund has become the nation's second largest public charity and No.1 public grantmaker.2 Since the fund's inception, nearly 30,000 donors have contributed $5 billion and recommended grants totaling more than $3 billion to more than 66,000 IRS-approved non-profit organizations. The fund manages assets of $2.5 billion.3

The Fidelity Charitable Gift Fund simplifies giving by allowing donors to:

  • Make irrevocable charitable contributions of cash or securities
  • Recommend grants to IRS-recognized charitable organizations anywhere in the United States, subject to approval by the Gift Fund's Trustees
  • Access and establish accounts, make grant recommendations and research charities online at the Gift Fund Web site at http://www.fidelitycharitable.org/  
  • Simplify tax reporting with consolidated statements
  • Contribute complex gifts, such as appreciated or restricted securities

The Fidelity Charitable Gift Fund has also established two giving programs - the Corporate Giving Program and the Executive Giving Program, both of which provide an organized and cost-effective solution to the specific charitable giving needs of companies and their executives.

For donors who seek current income but wish to contribute a portion of their assets to charity upon their death, the Gift Fund also offers a Pooled Income Fund.


1 Availability of certain federal income tax deductions may depend on whether you itemize deductions or not. Rules and regulations regarding tax deductions for charitable giving vary at the state level. Please check with your tax advisor. Tax deductions discussed herein refer specifically to federal taxes.
2 Rankings reported by The Chronicle of Philanthropy October 2001.
3 Data as of May 31,2002.

The Fidelity Charitable Gift FundSM is a public charity and donor-advised fund. Various Fidelity companies provide investment management and administrative services to the fund.

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