Fidelity Investments Charitable Gift Fund is a public foundation based in Boston, MA that was founded in 1990. As of 2019 they had $9.9 billion in revenue and $31 billion in assets.
Fidelity Investments Charitable Gift Fund makes grants to other organizations, such as $329,600,608 to Johns Hopkins University (JHU) for "For Grant Recipient's Exempt Purposes"; $227,736,053 to Harvard University for "For Grant Recipient's Exempt Purposes"; $144,736,381 to DonorsTrust for "For Grant Recipient's Exempt Purposes"; $142,566,621 to National Philanthropic Trust for "For Grant Recipient's Exempt Purposes"; and $73,326,502 to New Venture Fund for "For Grant Recipient's Exempt Purposes".
EIN:
11-0303001
City:
State:
Website:
Founded:
1990
Type:
501(c)(3)
NTEE:
Revenue:
$9,936,953,867
Assets:
$31,090,336,744
Employees:
0
Fiscal year end:
June
Form 990s for Fidelity Investments Charitable Gift Fund
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-06 | Sep 1, 2020 | 990 | View PDF |
| 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 |
| ...and eight more Form 990 PDFs |
Financials for Fidelity Investments Charitable Gift Fund
| Field | 2019 | 2018 | % 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. | $8,550,169,316 | $9,035,902,327 | -5.4% |
| <em>Non-cash contributions included in above</em> | $5,442,865,544 | $6,383,613,288 | -14.7% |
| Total grants, contributions, etc. | $8,550,169,316 | $9,035,902,327 | -5.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $8,550,169,316 | $9,035,902,327 | -5.4% |
| Program services | $0 | $0 | |
| Investment income and dividends | $568,847,793 | $422,233,039 | 34.7% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $817,936,758 | $573,747,590 | 42.6% |
| 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 | $9,936,953,867 | $10,031,882,956 | -0.9% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $6,051,674,174 | $4,770,141,679 | 26.9% |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $9,065,835 | $28,227,065 | -67.9% |
| 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 | $72,495,491 | $65,367,713 | 10.9% |
| Legal fees | $3,167,782 | $0 | 999% |
| Accounting fees | $1,004,637 | $1,000,774 | 0.4% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $22,702,755 | $19,064,418 | 19.1% |
| 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 | $4,879,170 | $0 | 999% |
| Total expenses | $6,164,989,844 | $4,883,801,649 | 26.2% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $1,033,564,718 | $632,024,548 | 63.5% |
| Savings, short-term investments, etc. | $49,870 | $47,040 | 6.0% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $70,381,406 | $76,740,688 | -8.3% |
| 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 | $26,953,277,094 | $25,503,857,626 | 5.7% |
| Investments, other securities | $2,955,981,116 | $736,004,369 | 301.6% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $77,082,540 | $79,839,571 | -3.5% |
| Total assets | $31,090,336,744 | $27,028,513,842 | 15.0% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $76,000,266 | $47,877,264 | 58.7% |
| Grants payable | $0 | $0 | |
| 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 | $37,606,070 | $37,663,223 | -0.2% |
| Total liabilities | $113,606,336 | $85,540,487 | 32.8% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $30,927,262,907 | $26,894,079,451 | 15.0% |
| Temporarily restricted net assets | $49,467,501 | $48,893,904 | 1.2% |
| 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 | $1,270,990 | 2020-06-23 |
| ██████ ███████ ███ | Invest Management | $3,590,625 | 2019-06-01 |
| ███ █████████ ████████ | Invest Management | $3,960,544 | 2019-06-01 |
| ███ ███ | Administration and Inv Management Service | $70,155,325 | 2019-06-01 |
| ██████ ████ | Invest Management | $2,065,741 | 2019-06-01 |
| ██████████ | Marketing software | | 2018-09-28 |
| █████████ ████████ | Software | | 2018-09-28 |
Personnel at Fidelity Investments Charitable Gift Fund
| Name | Title | Compensation | Most recent data |
|---|
| Alfred E Osborne | Chief Financial Officer / Authorized Signatory / Trustee and Board Chair | $0 | July 11, 2019 |
| Jill Weiner | Secretary and Chief Commercial Officer | $0 | June 30, 2018 |
| ██████ ██████ | President | $0 | June 30, 2018 |
| █████ ███████ | Asst Sec. | $0 | June 30, 2018 |
| █████ █████ | Vice President | $0 | June 30, 2018 |
| ███████ ███████ | Secretary | $0 | June 30, 2018 |
| ████ ██████ | Treasurer | $0 | June 30, 2018 |
| ██████ █████████ | Senior Vice President , I and P | $0 | June 30, 2018 |
| ███ ████████ | President | $0 | June 30, 2017 |
| ...and one more key personnel |
Peer grantmaking public charity foundations
| | Name | Type | Revenue | Location |
|---|
| 1 | National Philanthropic Trust | 501(c)(3) | $2.9 billion | Jenkintown, PA |
| 2 | Schwab Charitable Fund | 501(c)(3) | $3.4 billion | San Francisco, CA |
| 3 | Wellcome Trust | 501(c)(3) | $2.6 billion | United Kingdom, |
| 4 | Partners Pooled Investment Holdings LLC | 501(c)(3) | $9.4 billion | Somverville, MA |
| 5 | Bill & Melinda Gates Foundation | 501(c)(3) | $5.6 billion | Seattle, WA |
| 6 | Bill and Melinda Gates Foundation Trust (BMGF) | 501(c)(3) | $4.0 billion | Seattle, WA |
| 7 | Knight Foundation Attn Lisa Mckillips | 501(c)(3) | $2.8 billion | Beaverton, OR |
| 8 | Silicon Valley Community Foundation (SVCF) | 501(c)(3) | $2.9 billion | Mountain View, CA |
| 9 | Battelle Memorial Institute | 501(c)(3) | $5.0 billion | Columbus, OH |
| 10 | Franciscan Alliance | 501(c)(3) | $3.1 billion | Mishawaka, IN |
| 11 | American National Red Cross (ANRC) | 501(c)(3) | $2.8 billion | Washington, DC |
| 12 | Feeding America | 501(c)(3) | $2.8 billion | Chicago, IL |
| 13 | Princeton University | 501(c)(3) | $2.9 billion | Princeton, NJ |
| 14 | University of Toronto | 501(c)(3) | $2.7 billion | Canada, |
| 15 | Mercy Care Plan | 501(c)(3) | $2.5 billion | Phoenix, AZ |
| 16 | Tufts Associated Health Maintenance Organization | 501(c)(4) | $2.6 billion | Watertown, MA |