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Fidelity Charitable
Fidelity Investments Charitable Gift Fund operates as Fidelity Charitable. It is an independent 501(c)(3) public charity established in 1991.
Fidelity Charitable
Fidelity Investments Charitable Gift Fund operates as Fidelity Charitable. It is an independent 501(c)(3) public charity established in 1991. It offers the Giving Account donor-advised fund program to individual and corporate donors and facilitates billions in grants to nonprofit organizations as one of the nation's largest grantmakers.
General information
Firm type
Donor-Advised Fund
Year founded
1991
Location
Region
North America
Country
United States
City
Boston
Corporate office
245 Summer Street MZ NM43A, Boston, MA, United States
Principals
Jacob Pruitt
President
Lenny Mendonca
Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Fidelity Charitable?
Jacob Pruitt serves as President. Lenny Mendonca chairs the Board of Trustees. Investment advisory services are provided by FMR LLC under an ongoing agreement dating to 1991.
How does Fidelity Charitable source proprietary deal flow?
The organization does not source proprietary deals. It receives contributed assets from donors that are liquidated to fund Giving Accounts.
Is Fidelity Charitable structured as a single family office or does it operate more like a venture firm?
It operates as an independent 501(c)(3) public charity sponsoring donor-advised funds. It maintains no family office designation and focuses on grant facilitation rather than venture deployment.
Does Fidelity Charitable participate in fund commitments or only direct deals?
It holds limited partnership interests and private equity positions contributed by donors. These are managed through the Complex Asset Group for eventual liquidation.
What investment stages does Fidelity Charitable typically target?
The entity does not target stages. It accepts early-stage, expansion, and buyout exposures only when donors contribute such assets.
Where does the underlying wealth come from?
Assets originate from individual and corporate donors who contribute cash, securities, real estate, cryptocurrencies, and private equity interests to establish Giving Accounts.
Does Fidelity Charitable maintain philanthropic structures, and how are they separated?
It maintains the Fidelity Charitable Catalyst Fund as a distinct grantmaking program led by the Board of Trustees. This vehicle operates separately from donor-directed accounts.
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