What happens when Fidelity Charitable receives my contribution?

When a contribution is received and accepted, it is irrevocable and is owned and controlled by the Fidelity Charitable Trustees, who are responsible for all aspects of Fidelity Charitable's operations. Fidelity Charitable will then allocate the proceeds of the contribution to your Giving Account and purchase units of each investment pool recommended for the Giving Account. Units will be purchased on the business day (each day that the New York Stock Exchange is open for business) Fidelity Charitable receives cash or the proceeds from the sale of the contributed assets.