Data Source, Methodology
The majority of data for this report was obtained from Fidelity Charitable's internal reporting
database. Other sources, data and figures are cited throughout the report.
The report looks at Fidelity Charitable activity in calendar year 2013 (and prior calendar years for trends). Where figures represent a �snapshot,� values are as of December 31, 2013 (and prior calendar year–ends). For example: when we say that Fidelity Charitable has 63,729 total Giving Accounts, that number represents a snapshot at year–end 2013, and it is understood that the count naturally fluctuated throughout the year. The number of Giving Accounts used to calculate grants–per–Giving Account differs from the snapshot number—any Giving Account with a balance during the calendar year is included in the calculation, regardless of whether it is still open and holds a balance at the end of the year.
Throughout the report, reference to �donors� refers to the primary donor or the primary corporate contact connected to the �Giving Account.� All Giving Accounts have one person designated as the primary donor (or in the case of Corporate accounts, the primary Corporate contact), although each Giving Account may have more than one donor (i.e., person with advisory privileges, including the ability to recommend grants) associated with it. The two exceptions to the use of �donor� solely in reference to the primary donor on a Giving Account are the total donor statistic on page 3 (�over 104,000�) which includes all donors (primary and sometimes multiple secondary) and all Corporate contacts (primary and sometimes multiple secondary) and the data on donor age which includes only primary donors (and excludes Corporate accounts where age is not relevant).
The specific analysis conducted for the Pace of Granting chart on page 11 reviews granting of contribution dollars in DAF accounts using a First In–First Out methodology. The analysis reviews donor contributions in 5–year blocks of time and then analyzes grant recommendations associated with these contributions in that block of time and subsequent 5–year periods. For example, all contributions received in 1996 to 2000 were reviewed based on grant recommendations in the same time frame (1996 to 2000), the next 5 years (2001 to 2005), the next 5 years (2006 to 2010), and then 2011 to 2013 (a period of 3 years only). A limited number of accounts with significant transfer activity were excluded from the analysis.
The data for the �Spotlight: How Fidelity Charitable Donors Approach Philanthropy as a Family� section was obtained through a Fidelity Charitable donor survey conducted in 2013. There were 1,159 donors who provided information. The survey was conducted by Ipsos, an independent research firm. The percentages reported exclude donor responses of NA/Unsure.
Fidelity Charitable is the brand name for the Fidelity® Charitable Gift Fund, an independent public charity with a donor–advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license. Giving Account is a registered service mark of the Trustees of Fidelity Charitable. Third party marks contained herein are the property of their respective owners.
Information provided is general and educational in nature, and should not be construed as legal or tax advice. Fidelity Charitable does not provide legal or tax advice. Content provided relates to taxation at the federal level only, and availability of certain federal income tax deductions may depend on whether you itemize deductions. Rules and regulations regarding tax deductions for charitable giving vary at the state level, and laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy or completeness of the information provided. Charitable contributions of capital gain property held for more than one year are usually deductible at fair market value. Deductions for capital gain property held for one year or less are usually limited to cost basis. Consult an attorney or tax advisor regarding your specific legal or tax situation.
Eligible grant recipients of Fidelity Charitable include IRS–qualified public charities described in Internal Revenue Code Section 501(c)(3), with the exception of certain types of organizations (e.g., non–functionally integrated type III supporting organizations).
All grant recommendations, including scheduled grants, are subject to review by the Trustees of Fidelity Charitable.