Fidelity Charitable Giving Account

Fidelity Charitable Giving Account
DAFScore™ : 4.50
Rank : 4.50

AUM

$55.9B

Number of Accounts

198,000

Minimum Balance

$0

Initial Contribution Minimum

$0

Grant Minimum Amount

$50

Grant Timing

1 - 2 Weeks

Investment Options

6 - 10

Administrative Fee

0.6 - 0.9%

Established in 1991, Fidelity Charitable launched the first-ever national DAF program. The mission of the organization is to grow the American tradition of philanthropy by providing programs that make charitable giving accessible, simple, and effective.

DAF Details

Sponsor Donation Recommendations

International Granting

Accepts Illiquid Contributions

Ability of 3rd Party Advisors

Political or Religious Affiliation

Sell Their Own Financial Products

Tax Requirements

Minimum Grant Frequency Requirement

Provides Anonymity if Requested

Transferability to Another Sponsor

No History of Security Breaches

Customer Service Resources & Quality of Service

Good

Online Access and Ease of Use

Great

More Information

Sponsor Organization

Fidelity Investments

Sponsor Donation Recommendations

None

International Granting

Fidelity Charitable offers three distinct options for your international philanthropy. You may recommend grants: 1.) To U.S.-based charities with a global mission 2.)To intermediary charities (these are U.S.-based nonprofits that fund overseas charities) 3.) Directly to international charities, available exclusively to Private Donor Group members (accounts over $250,000.

Accepts Illiquid Contributions

Fidelity Charitable accepts a wide range of financial assets— from cash and checks to stocks and other securities such as mutual fund shares and bonds. They also accept privately held business interests and other illiquid assets.

3rd Party Advisors

Account holders may authorize a professional advisor to have either Non-Transactional or Transactional access to the Giving Account.

Political or Religious Affiliation

Fidelity Charitable is independent of any religious or political organizations.

Sell Their Own Financial Products

None

Tax Requirements

Fidelity Charitable policy requires that minimum annual grants, on an overall basis, be greater than 5% of average net assets on a fiscal five-year rolling basis.

Minimum Grant Frequency

Requires a grant at least every 2 years.

Overall Grant Restrictions

Fidelity Charitable does not make grants to non-charitable organizations, individuals, private non-operating foundations,type III supporting organizations that are not “functionally integrated”, and governmental instrumentalities. Other restrictions apply.

Provides Anonymity

Grants are accompanied by a letter from Fidelity Charitable that includes the Giving Account name, unless anonymity is specifically requested

Investment Options

Fidelity Charitable provides six investment approaches to match Account Holders’ charitable giving objectives: Asset Allocation Pools, Single Asset Class Pools, Sustainable & Impact Investing Pools, Charitable Legacy Pool, Charitable Investment Advisor Program, and Charitable DonorFlex Program.

Transferability to Another Sponsor

Assets can be transfered to another DAF sponsor that is also a 501(c)(3) charitiy.

History of Security Breaches

Federal investigators believe the same hackers who stole data from J.P. Morgan Chase in 2014 also plucked information from Fidelity Investments. Investigators have said at least 13 companies were targeted by the unknown hackers, making it one of the most significant cyberattacks disclosed in the U.S. To date, only J.P. Morgan and Fidelity are known to have had data stolen.

Administrative Fees

First $500,000, greater of 0.60% or $100; 0.30% on the next $500,000; 0.20% on the next $1,500,000; 0.15% on next $2,499,999; other flat fees for accounts above $5,000,000

Customer Service

Dedicated team for support. •1-800-262-6039 •Accounts of $250,000 or more are offered a higher level of support & services through Fidelity Charitable’s Private Donor Group.

Online Access & Ease of Use

Online platform and Mobile App

Latest News

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