Fidelity Foundation

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. Fidelity Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Fidelity Foundation generated $803.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $101.9m during the year ending 12/2021. While expenses have increased by 16.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Fidelity Foundation has awarded 12,240 individual grants totaling $215,165,173. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

DESIGN, PLANNING AND CONSTRUCTION FOR EDUCATION SUMMER CAMP


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cooperative Philanthropic Services
$356,462
Russell Reynolds Associates
$168,429
On-ramps
$167,667
Mh Morton Consulting Llc
$135,000
Fidelity Institutional Asset Management
$6,532,959
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $714,218,269
Interest on Savings $0
Dividends & Interest $715,347
Net Rental Income$0
Net Gain on Sale of Assets $88,455,527
Capital Gain Net Income $155,230,989
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $572
Total Revenue $803,389,715

Grants Awarded

Over the last fiscal year, Fidelity Foundation has awarded $88,395,665 in support to 4,713 organizations.

Grant RecipientAmount

BOSTON SYMPHONY ORCHESTRA INC

Org PageRecipient Profile

Boston, MA

PURPOSE: TECHNOLOGY

$5,000,000

NORTHEAST WILDERNESS TRUST

Org PageRecipient Profile

Montpelier, VT

PURPOSE: LAND ACQUISITION

$4,650,000

HUNTINGTON THEATRE COMPANY INC

Org PageRecipient Profile

Boston, MA

PURPOSE: CONSTRUCTION

$2,500,000

THE TRUSTEES OF RESERVATIONS

Org PageRecipient Profile

Boston, MA

PURPOSE: ENDOWMENT

$2,500,000

NORTHEAST WILDERNESS TRUST

Org PageRecipient Profile

Montpelier, VT

PURPOSE: LAND ACQUISITION

$2,250,000

THE TRUSTEES OF RESERVATIONS

Org PageRecipient Profile

Boston, MA

PURPOSE: ENDOWMENT

$2,000,000
View Grant Profile

Peer Organizations

Organization NameAssets
Rockefeller Foundation
New York, NY
$704,223,491
Simons Foundation Inc
New York, NY
$129,477,470
Bloomberg Family Foundation Inc
New York, NY
$1,259,941,914
Faculty Practice Foundation Inc
Boston, MA
$409,797,243
Leona M & Harry B Helmsley Charitable Trust
New York, NY
$723,181,306
Jp Morgan Chase Foundation
New York, NY
$488,434,024
Doris Duke Charitable Foundation Inc
New York, NY
$296,413,800
Zoom Foundation
Greenwich, CT
$176,914,821
Fidelity Foundation
Boston, MA
$803,389,715
Klarman Family Foundation
Boston, MA
$145,872,662
Druckenmiller Foundation
New York, NY
$402,828,458
Rockefeller Brothers Fund Inc
New York, NY
$94,665,303

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