Fidelity Investments Charitable Gift Fund
100% goes to programs $0 to raise $100 Strong reserves
Fidelity Investments Charitable Gift Fund is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1991, with $18,985,204,861 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
245 Summer St Mz Nm43a, Boston, MA, 02210 EIN 11-0303001 Since 1991
Revenue (FY2023)
$19.0B
▲ 28.9% vs prior year
Community median: $184K
Expenses (FY2023)
$12.9B
Net assets
$66.5B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Fidelity Investments Charitable Gift Fund: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating62 mo reserves · +32% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Fidelity Investments Charitable Gift Fund: 62 mo reserves · +32% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Fidelity Investments Charitable Gift Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Fidelity Investments Charitable Gift Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o
Contact & location
- Address
- 245 Summer St Mz Nm43a, Boston, MA, 02210
- City
- Boston
- State
- Massachusetts
- Subcategory
- Nonprofit Management Support
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $7.4B (FY2016) to $19.0B (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $244.0MNet assets $66.5B
Operating margin
31.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$66.8B
Total liabilities
$244.0M
Net assets
$66.5B
Salaries & benefits
$0
0% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $18,985,204,861▲28.9% | $12,921,946,074▲22.6% | $66,543,007,630▲19.0% | $66,787,000,627▲17.9% | 990 |
| 2022 | $14,732,623,803▼25.8% | $10,542,911,354▼9.4% | $55,899,387,787▲16.2% | $56,657,940,564▲17.3% | 990 |
| 2021 | $19,858,151,933▲7.0% | $11,634,379,981▲13.9% | $48,093,847,197▼3.0% | $48,314,187,764▼2.9% | 990 |
| 2020 | $18,558,596,882▲51.5% | $10,215,226,599▲37.2% | $49,563,327,188▲40.7% | $49,738,032,591▲40.6% | 990 |
| 2019 | $12,252,844,500▲23.3% | $7,447,268,345▲20.8% | $35,231,017,002▲13.7% | $35,369,008,813▲13.8% | 990 |
| 2018 | $9,936,953,867▼0.9% | $6,164,989,844▲26.2% | $30,976,730,408▲15.0% | $31,090,336,744▲15.0% | 990 |
| 2017 | $10,031,882,956▲36.4% | $4,883,801,649▲27.4% | $26,942,973,355▲27.5% | $27,028,513,842▲27.4% | 990 |
| 2016 | $7,357,429,096 | $3,834,825,046 | $21,125,594,446 | $21,223,553,156 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Catherine D'amato | Trustee | 1 | — |
| Cindy Gomez | Secretary (as of 2/24) | 40 | — |
| Damian Wilmot | Trustee | 1 | — |
| David Scoglio | Treasurer | 40 | — |
| Jacob Clauson | Secretary (until 2/24) | 40 | — |
| Jacob Pruitt | President | 40 | — |
| Jennifer Mcauliffe | Trustee | 1 | — |
| John Halaby | Trustee | 1 | — |
| John Muse | Trustee (until 11/23) | 1 | — |
| Leonard Mendonca | Chair/trustee | 1 | — |
| Nancy Altobello | Trustee | 1 | — |
| Rosie Rios | Trustee | 1 | — |
| Stefan Podvojsky | Sr. Vp, I&p | 40 | — |
| Todd Williams | Trustee | 1 | — |
| Tyra A Mariani | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Fmr LLC | Admin & Inv Mgmt Svc | $136,745,342 |
| Iconiq Capital | Invest. Management | $7,925,719 |
| Mckinsey Company Inc | Phil. Consulting | $2,880,000 |
| Jordan Park | Invest. Management | $2,826,366 |
| Rockefeller Capital Management | Invest. Management | $1,240,669 |
Grants received · $6.2B total
704 grants to Fidelity Investments Charitable Gift Fund totaling $6.2B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $84,255,680 |
| Silicon Valley Community Foundation | General nonprofit support | 2024 | $51,869,044 |
| American Endowment Foundation | Philanthropy | 2024 | $42,809,617 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $36,438,572 |
| Dechomai Foundation Inc | Unrestricted | 2024 | $29,753,308 |
| The Community Foundation For Greater Atlanta Inc | Philanthropy/voluntarism | 2024 | $17,915,313 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $16,836,937 |
| Servant Foundation | Community development | 2024 | $12,162,638 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $9,071,610 |
| The Bessemer Giving Fund | Charitable purpose | 2024 | $8,132,111 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $8,098,000 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $8,084,178 |
| Impactassets Inc | General support | 2024 | $7,823,172 |
| Santa Barbara Foundation | Public and societal benefit | 2024 | $6,299,195 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $5,169,219 |
Grants made · $12.5B in FY2023
80,308 grants totaling $12.5B in FY2023 — showing the 15 largest. All grants made by Fidelity Investments Charitable Gift Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Johns Hopkins University | For grant recipient's exempt purposes | $273,125,702 |
| Memorial Sloan-kettering Cancer Center | For grant recipient's exempt purposes | $219,713,324 |
| National Philanthropic Tr | For grant recipient's exempt purposes | $153,263,488 |
| The Church of Jesus Christ of Latter-day Saints | For grant recipient's exempt purposes | $145,234,610 |
| Stifel Charitable Inc | For grant recipient's exempt purposes | $137,894,591 |
| California Institute of Technology | For grant recipient's exempt purposes | $119,693,615 |
| New Venture Fund | For grant recipient's exempt purposes | $110,870,268 |
| Donor Advised Charitable Giving | For grant recipient's exempt purposes | $100,913,919 |
| Climateworks Foundation | For grant recipient's exempt purposes | $98,155,925 |
| President and Fellows of Harvard College | For grant recipient's exempt purposes | $97,202,270 |
| Impactassets Inc | For grant recipient's exempt purposes | $87,780,196 |
| United States Energy Foundation | For grant recipient's exempt purposes | $84,650,050 |
| Massachusetts Institute of Technology | For grant recipient's exempt purposes | $75,432,700 |
| Our American Future Foundation | For grant recipient's exempt purposes | $71,843,100 |
| Jewish Communal Fund | For grant recipient's exempt purposes | $70,544,753 |
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Compare Fidelity Investments Charitable Gift Fund
Frequently asked questions
- Is Fidelity Investments Charitable Gift Fund a legitimate nonprofit?
- Yes. Fidelity Investments Charitable Gift Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-0303001, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Fidelity Investments Charitable Gift Fund's EIN?
- Fidelity Investments Charitable Gift Fund's Employer Identification Number (EIN) is 11-0303001.
- How much revenue does Fidelity Investments Charitable Gift Fund report?
- Fidelity Investments Charitable Gift Fund reported $18,985,204,861 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Fidelity Investments Charitable Gift Fund's spending goes to programs?
- Fidelity Investments Charitable Gift Fund spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Fidelity Investments Charitable Gift Fund have?
- CharityIndex grades Fidelity Investments Charitable Gift Fund A, based on program efficiency and fundraising cost.
- How much does Fidelity Investments Charitable Gift Fund's highest-paid employee make?
- The highest reported compensation on Fidelity Investments Charitable Gift Fund's latest Form 990 is $0, paid to Catherine D'amato (Trustee).
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Data for Fidelity Investments Charitable Gift Fund (EIN 11-0303001) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.