Governance

Fidelity Charitable is governed by a Board of Trustees, the majority of which are independent from Fidelity Investments. The board is comprised of a group of working and retired professionals who are responsible for overseeing all aspects of the operations of Fidelity Charitable, including:

  • Overall stewardship of the organization's charitable mission
  • Responsibility for the prudent investment of assets
  • Due diligence on all donations to and all grants from Fidelity Charitable
  • Review and approval and of all contractual arrangements
  • Making policies and procedures designed to ensure that Fidelity Charitable is in compliance with rules and regulations affecting tax-exempt charitable organizations and donor-advised funds

Each Trustee serves on one or more subcommittees, sharing their management and subject matter expertise through active involvement and accountability:

  • Audit Committee members provide fiduciary oversight of audits, reviewing all financial results of Fidelity Charitable and ensuring compliance with both internal and external legal and regulatory requirements, including public disclosure and IRS reporting requirements deadline.
  • Investment Committee members focus on ensuring that a sound and prudent investment process is in place and that performance is measured against appropriate benchmarks.
  • Governance Committee members are responsible for the board nomination process, identifying potential trustees with diverse backgrounds in the areas of management and philanthropy.
  • Trustees' Philanthropy Fund Committee members are responsible for developing and executing the Trustees' grant making program identifying organizations which meet the TPF's grant making criteria.
Trustees' Philanthropy Fund

The Trustees oversee the direct grant making from a general fund, the Trustees' Philanthropy Fund (TPF). TPF funds are separate from donor contributions and are intended to engage the Board of Trustees and the organization in direct philanthropy.

The TPF has granted more than $9.5 million to charitable organizations since its inception in 1991, and has delivered on fulfilling the mission of Fidelity Charitable to further the American tradition of philanthropy.1

In 2009, the TPF provided capacity-building grants to nonprofit organizations that support under-served children and families.

TPF grants will help these organizations, which have already demonstrated success, to pursue their missions even further. This includes funding of enhanced internal databases and web sites, as well as strategic and capital campaign plans.

1 Grant proposals are considered on an invitation-only basis.