Fidelity Investments Charitable Gift Fund

Organization Overview

Fidelity Investments Charitable Gift Fund is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fidelity Investments Charitable Gift Fund 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 06/2020, Fidelity Investments Charitable Gift Fund generated $12.3b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $7.4b during the year ending 06/2020. While expenses have increased by 17.0% per year over the past 6 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 2017, Fidelity Investments Charitable Gift Fund has awarded 295,921 individual grants totaling $37,209,092,404. 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wilmerhale
Legal Services
$7,675,739
Ubs Financial Services
Invest. Management
$5,934,755
Jordan Park
Invest. Management
$4,142,348
Iconiq Capital
Invest. Management
$3,618,965
Fmr Llc
Admin & Inv Mgmt Svc
$94,105,367
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,716,447,620
Investment income $663,358,374
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $873,038,506
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,252,844,500

Grants Awarded

Over the last fiscal year, Fidelity Investments Charitable Gift Fund has awarded $9,862,402,909 in support to 64,214 organizations.

Grant RecipientAmount

NATIONAL PHILANTHROPIC TR

Org PageRecipient Profile

Jenkintown, PA

PURPOSE: For grant recipient's exempt purposes

$178,123,803

THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: For grant recipient's exempt purposes

$141,662,904

Washington, DC

PURPOSE: For grant recipient's exempt purposes

$105,971,400

SCHWAB CHARITABLE FUND

Org PageRecipient Profile

San Francisco, CA

PURPOSE: For grant recipient's exempt purposes

$101,780,136

MUSEUM OF SCIENCE AND INDUSTRY

Org PageRecipient Profile

Chicago, IL

PURPOSE: For grant recipient's exempt purposes

$100,288,056

AMERICAN ENDOWMENT FOUNDATION

Org PageRecipient Profile

Hudson, OH

PURPOSE: For grant recipient's exempt purposes

$72,267,221
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Fidelity Investments Charitable Gift Fund has recieved totaling $3,735,975.

Awarding OrganizationAmount
$1,822,652
Fortisure Foundation

San Francisco, CA

PURPOSE: DISBURSEMENT TO PC

$1,265,330
Norr Fund Inc

Narberth, PA

PURPOSE: GENERAL SUPPORT

$647,993
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Food Bank For New York City
New York, NY
$224,744,277
Fidelity Non-Profit Management Foundation
Boston, MA
$256,876,248
The Bridgespan Group Inc
Boston, MA
$94,948,133
Grhs Foundation Inc
Rochester, NY
$43,275,253
Hispanic Federation Inc
New York, NY
$50,097,384
Common Fund For Non-Profit Organizations
Wilton, CT
$274,004,992
Affiliates Risk Management Services Inc
New York, NY
$29,825,362
New Profit Inc
Boston, MA
$77,118,974
Nonprofit Finance Fund
New York, NY
$35,516,704
Npower Inc
Brooklyn, NY
$22,673,461
Program Development Services Inc
Brooklyn, NY
$21,610,144
Project Social Care Head Start
Brooklyn, NY
$20,235,501

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