Charitable donations can be an important part of your tax strategy while also helping causes you care about. Donor-advised funds are convenient and among the most beneficial ways to give, as they may offer greater flexibility in the type of assets you can contribute, which may lead to greater tax savings.
Convenient ways to give
This list of steps can help you get ready to give. Learn to use your own goals and preferences to evaluate which causes you'd like to support, create a giving mission statement, and research specific organizations.
The Giving Account® is the donor-advised fund program from Fidelity Charitable®. It allows you to donate to Fidelity Charitable, itself an independent 501(c)(3) public charity, which then donates to the charities of your choice.
Unlike a private foundation, there are no start-up costs or complex administration responsibilities and you can easily allocate your gifts among multiple charities.
Donor-advised funds like the Giving Account® have many advantages over other ways of giving, including:
- One consolidated tax receipt.
- Potentially easier donation of long-term appreciated securities.
- The ability to take a tax deduction now and decide how to allocate your donation later.
- The option of giving grants anonymously to charities.
How the Giving Account® works
- 800-262-6039 800-262-6039
Charitable contribution calculators & tools
Identify potential long-term appreciated securities in your Fidelity brokerage account that you might consider contributing to charity.
The tax information provided is general and educational in nature, and should not be construed as legal or tax advice. Fidelity Charitable does not provide legal or tax advice. Content provided relates to taxation at the federal level only. Charitable deductions at the federal level are available only if you itemize deductions. Rules and regulations regarding tax deductions for charitable giving vary at the state level, and laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of the information provided. As a result, Fidelity Charitable cannot guarantee that such information is accurate, complete, or timely. Tax laws and regulations are complex and are subject to change; changes may have a material impact on pre- and/or after-tax results. Fidelity Charitable makes no warranties with regard to such information or results obtained by its use. Fidelity Charitable disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Always consult an attorney or tax professional regarding your specific legal or tax situation.