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Since Fidelity Charitable's inception as a public charity in 1991, our mission has remained the same – to further the American tradition of philanthropy by providing programs that make charitable giving simple, effective, and accessible.
Fidelity Charitable launched the first national donor-advised fund program, democratizing philanthropy by making a giving vehicle available to a broad array of people. Today, we sponsor more than 75,000 donor-advised funds connected to more than 120,000 donors and are the nation's second-largest grant maker behind the Bill & Melinda Gates Foundation. Since our founding, we have helped donors support over 219,000 nonprofit organizations with more than $22 billion in grants.
A donor-advised fund is a charitable account sponsored by a public charity that donors use to support their charitable giving. Donors can make an irrevocable, tax-deductible contribution of many types of assets to a donor-advised fund.
At Fidelity Charitable, those assets include cash, publicly traded stock, and private business shares. Donors can then recommend grants from their donor-advised fund to any other IRS-qualified 501(c)(3) public charity and advise how to invest their dedicated charitable dollars for potential tax-free growth.
Donor-advised funds make it easier to give in a more systematic way, allowing donors to maximize their generosity. In annual surveys, a consistent two-thirds of Fidelity Charitable donors say that they give more than they otherwise would because they have a donor-advised fund.