You do not have to maintain a minimum balance in your Giving Account, but adequate funding is required to recommend and issue approved grants.
Typically, there are two types of fees for the Giving Account – an annual administrative fee and investment fees. The administrative fee is based on your Giving Account balance and covers our costs, like processing transactions and providing donor support. The investment fees are mutual fund fees determined by how your contribution is invested. To learn more about the fees and to see what they could mean for you visit the What it Costs page.
The Fidelity Charitable Trustees have set a minimum grant amount of $50 to maintain cost-effectiveness and encourage charitable giving.
The Fidelity Charitable Giving Account has no minimum initial or subsequent contribution requirements.
A grant of $50 or more every two years is required to fulfill the minimum granting requirement. If no grants are distributed from a Giving Account for one year, Fidelity Charitable will make every effort to contact the Account Holder to encourage grant recommendations from the Giving Account.
After two years in which no grants are distributed from a Giving Account, Fidelity Charitable will grant 5% from the Giving Account balance to an IRS-qualified public charity approved by the Trustees of Fidelity Charitable.
Fidelity Charitable will make every effort to contact you regarding your inactive Giving Account and you will continue to receive notifications until your grant recommendation clears with the Charity. If you received a notification that a grant recommendation is still required but recently submitted a recommendation grant that was approved, please allow time for our system to update.