Fidelity Foundation
- Assets
- $1.4b
- Revenue
- $290.4m
- Investments
- $468.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1992
- Data as of
- 12/2019
- EIN
- 04-6131201
Organization Overview
Fidelity Foundation is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
Since 2019, Fidelity Foundation has awarded 1,214 individual grants totaling $54,709,941. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Segal VP Programs | 40 | $252,843 | |
Maura Marx President | 20 | $214,013 | |
Daniel M Ardito Treasurer | 20 | $168,836 | |
Mary Mcbryde Program Director | 32 | $163,784 | |
Lydia Bergen VP Operations | 24 | $162,767 | |
Genie Mcgowan Director Of Grants M | 32 | $121,948 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity Institutional Asset Management Llc | 12/30/19 | $4,159,777 |
Cooperative Philanthropic Services | 12/30/19 | $595,278 |
Koya Leadership | 12/30/19 | $124,917 |
Sullivan & Worcester | 12/30/19 | $67,607 |
Vickie Choitz | 12/30/19 | $74,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $239,254,698 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,909,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,123,966 |
| Capital Gain Net Income | $19,123,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,091,550 |
| Total Revenue | $290,379,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $382,849 |
| Other employee salaries and wages | $1,377,545 |
| Pension plans, employee benefits | $390,395 |
| Interest | $0 |
| Taxes | $962,873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $67,497 |
| Printing and publications | $0 |
| Other expenses | $741,495 |
| Total operating and administrative expenses | $9,047,986 |
| Contributions, gifts, grants paid | $54,709,941 |
| Total expenses and disbursements | $63,757,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $220,237,118 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,776 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $706,580,735 |
| Total assets | $1,395,251,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fidelity Foundation has awarded $54,709,941 in support to 1,214 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln, MA PURPOSE: LAND ACQUISITION | $6,100,000 |
TUFTS UNIVERSITY PURPOSE: ENDOWMENT | $5,000,000 |
CAMP BEECH CLIFF PURPOSE: ENDOWMENT | $4,000,000 |
Owings Mills, MD PURPOSE: CONSTRUCTION | $2,000,000 |
New York, NY PURPOSE: CONSTRUCTION | $2,000,000 |
Boston, MA PURPOSE: LAND ACQUISITION | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $522,108 | $116,767,506 |
Druckenmiller Foundation New York, NY | $1,273,919,839 | $136,579,901 |
Doris Duke Charitable Foundation Inc New York, NY | $1,930,470,080 | $113,349,408 |
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,301,695,078 | $41,033,339 |
Zoom Foundation Greenwich, CT | $0 | $173,014,876 |
The Morningside Foundation Newton Centre, MA | $36,165,780 | $65,263,834 |
Fidelity Foundation Boston, MA | $1,395,251,709 | $290,379,423 |
Big East Conference Inc New York, NY | $20,673,347 | $58,700,234 |
Peter G Peterson Foundation New York, NY | $0 | $10,858,758 |
Cohen Veterans Network Inc Stamford, CT | $24,139,054 | $38,938,718 |
Highland Street Connection Newton, MA | $73,686,005 | $7,213,732 |