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Fidelity Investments Charitable Gift Fund

Form 990s | Financials | Vendors | Personnel | Peers

Fidelity Investments Charitable Gift Fund is a public foundation based in Boston, MA that was founded in 1990. As of 2018 they had $10 billion in revenue and $27 billion in assets.

Previous legal names or variations of their name include: Haferz Family Fundation.

EIN:

11-0303001

City:

Boston

State:

Massachusetts

NTEE:

T30: Grantmaking public charity foundations

Website:

fidelitycharitable.org

Type:

501(c)(3)

Revenue:

$10,031,882,956

Assets:

$27,028,513,842

Employees:

Fiscal year end:

June

Founded:

1990

Revenue trends:

Asset trends:

Form 990s for Fidelity Investments Charitable Gift Fund

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Jul 23, 2019	990	View PDF
2017-06	Oct 16, 2018	990	View PDF
2016-06	Jun 7, 2017	990	View PDF
2015-06	Feb 29, 2016	990	View PDF
2014-06	Jan 18, 2017	990	View PDF
...and seven more Form 990 PDFs

Financials for Fidelity Investments Charitable Gift Fund

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$9,035,902,327	$6,834,013,677	32.2%
Non-cash contributions	$6,383,613,288	$5,132,012,482	24.4%
Program services	$0	$0
Investment income and dividends	$422,233,039	$317,627,576	32.9%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$573,747,590	$205,787,843	178.8%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$10,031,882,956	$7,357,429,096	36.4%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$4,770,141,679	$3,691,747,316	29.2%
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$28,227,065	$73,064,670	-61.4%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$0	$0
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$0	$0
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$0	$0
Payroll taxes	$0	$0
Management fees	$65,367,713	$54,893,046	19.1%
Legal fees	$0	$0
Accounting fees	$1,000,774	$603,552	65.8%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$19,064,418	$14,516,462	31.3%
Other fee-for-service	$0	$0
Advertising and promotion	$0	$0
Office expenses	$0	$0
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$0	$0
Insurance	$0	$0
All other expenses	$0	$0
Total expenses	$4,883,801,649	$3,834,825,046	27.4%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$632,024,548	$777,064,857	-18.7%
Savings, short-term investments, etc.	$47,040	$81,318	-42.2%
Pledges and grants receivable	$0	$0
Accounts receivable	$76,740,688	$33,168,393	131.4%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Buildings, equipment, etc. post-depreciation	$0	$0
Investments, publicly traded securities	$25,503,857,626	$19,692,686,282	29.5%
Investments, other securities	$736,004,369	$636,999,947	15.5%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$79,839,571	$83,552,359	-4.4%
Total assets	$27,028,513,842	$21,223,553,156	27.4%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$47,877,264	$48,615,746	-1.5%
Grants payable	$0	$11,964,745	-100%
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$37,663,223	$37,378,219	0.8%
Total liabilities	$85,540,487	$97,958,710	-12.7%

Field	2018	2017	% Change
Unrestricted net assets	$26,894,079,451	$21,077,098,073	27.6%
Temporarily restricted net assets	$48,893,904	$48,496,373	0.8%
Permanently restricted net assets	$0	$0

Vendors for Fidelity Investments Charitable Gift Fund

Vendor	Services	Amount paid	Date
Pricewaterhousecoopers LLP	Tax accounting; Audit and Tax Services	$670,645	2019-05-06
█████████ ████████	Software		2018-09-28
█████ ████████ ████████ ███ ███████	Invest Management	$560,701	2018-06-01
███ ███	Administration and Inv Management Service	$58,901,720	2018-06-01
██████ ███████ ███	Invest Management	$2,265,847	2018-06-01
███ █████████ ████████	Invest Management	$3,140,669	2018-06-01

Personnel at Fidelity Investments Charitable Gift Fund

Name	Title	Compensation	Most recent data
Jill Weiner	Secretary Chief Compliance Officer	$0	June 30, 2017
Alfred E Osborne	Authorized Signatory / Trustee and Board Chair	$0	Sept. 19, 2018
████ ██████	Treasurer	$0	June 30, 2017
██████ ██████	President	$0	June 30, 2017
█████ █████	Vice President	$0	June 30, 2017
███ ████████	President	$0	June 30, 2017

Peer grantmaking public charity foundations

	Name	Type	Revenue	Location
1	Schwab Charitable Fund	501(c)(3)	$3.4 billion	San Francisco, CA
2	Wellcome Trust	501(c)(3)	$3.4 billion	United Kingdom,
3	Massachusetts Institute of Technology (MIT)	501(c)(3)	$4.4 billion	Cambridge, MA
4	Tufts Associated Health Maintenance Organization	501(c)(4)	$2.5 billion	Watertown, MA
5	Thrivent Financial for Lutherans	501(c)(8)	$9.4 billion	Minneapolis, MN
6	Duke University Health System	501(c)(3)	$3.3 billion	Durham, NC
7	The Global Fund	501(c)(3)	$4.0 billion	Switzerland,
8	University of Toronto	501(c)(3)	$2.6 billion	Canada,
9	Bill & Melinda Gates Foundation	501(c)(3)	$5.4 billion	Seattle, WA
10	Bill and Melinda Gates Foundation Trust (BMGF)	501(c)(3)	$5.3 billion	Seattle, WA
11	Princeton University	501(c)(3)	$3.0 billion	Princeton, NJ
12	UCare Minnesota	501(c)(3)	$2.7 billion	Minneapolis, MN
13	Feeding America	501(c)(3)	$2.8 billion	Chicago, IL
14	Duke University	501(c)(3)	$3.1 billion	Durham, NC
15	American National Red Cross (ANRC)	501(c)(3)	$3.6 billion	Washington, DC
16	Global Health Solutions	501(c)(3)	$2.6 billion	Decatur, GA
17	Battelle Memorial Institute	501(c)(3)	$4.9 billion	Columbus, OH

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Cause IQ organization profile

Fidelity Investments Charitable Gift Fund

Form 990s for Fidelity Investments Charitable Gift Fund

Financials for Fidelity Investments Charitable Gift Fund

Vendors for Fidelity Investments Charitable Gift Fund

Personnel at Fidelity Investments Charitable Gift Fund

Peer grantmaking public charity foundations

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