Overview
What is Fidelity Investments Charitable Gift Fund?
The Fidelity Investments Charitable Gift Fund is a public charity based in Boston, Massachusetts. It is dedicated to contributing to various charitable causes by accepting donations and distributing grants. The supported sectors include health and human services, children and families, social welfare, education, scientific research, culture and the arts, religion, and civic organizations. The charity's mission extends to bettering the lives of those in need within the specified fields.
Official website here: www.fidelitycharitable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Fidelity Investments Charitable Gift Fund has received a commendable Four-Star rating, indicating a strong commitment to accountability and financial management. With a perfect score in the Accountability & Finance category, the organization demonstrates transparency and high standards in its operations, including independent oversight and robust governance practices. The majority of its board members are independent, which enhances its credibility.
The organization excels in various financial metrics, boasting a program expense ratio of 100%, indicating that all funds are directed towards charitable activities. Its fundraising efficiency ratio is also noteworthy, with no costs associated with fundraising efforts, suggesting that all donations directly benefit the mission of the fund. Furthermore, it has a substantial working capital ratio of 5.18 years, pointing to its financial stability and ability to sustain operations over time.
While the organization showcases numerous strengths, it is important to note that the high rating is based solely on its financial practices, and feedback on program effectiveness and community impact was not assessed. Overall, Fidelity Investments Charitable Gift Fund stands out as a highly accountable nonprofit, excelling in financial health and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Fidelity Investments Charitable Gift Fund legitimate?
Fidelity Investments Charitable Gift Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fidelity Investments Charitable Gift Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.fidelitycharitable.org
What is the mission statement of Fidelity Investments Charitable Gift Fund?
The Fidelity Investments Charitable Gift Fund is a public charity dedicated to supporting various charitable causes. Its areas of focus include health and human services, children and families, social welfare, education, scientific research, culture and the arts, religion, and civic organizations. The organization's primary mission is to make a positive impact by contributing to the betterment of communities and individuals in need. By pooling donations and making grants, it aims to foster growth and advancement across multiple sectors, ensuring that the funds reach deserving organizations and make a significant difference in people's lives.
Official website here: www.fidelitycharitable.org
Who is the CEO of Fidelity Investments Charitable Gift Fund?
Jacob Pruitt is the President (As Of 10/18/21) of Fidelity Investments Charitable Gift Fund.
Official website here: www.fidelitycharitable.org
What is the revenue of Fidelity Investments Charitable Gift Fund?
Fidelity Investments Charitable Gift Fund's revenue in 2022 was $19,858,151,933.
Official website here: www.fidelitycharitable.org
Who are the executives of Fidelity Investments Charitable Gift Fund and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.fidelitycharitable.org
Where can I find the form 990 for Fidelity Investments Charitable Gift Fund?
Fidelity Investments Charitable Gift Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fidelitycharitable.org
Learn more at the official website: www.fidelitycharitable.org
Mission Statement of Fidelity Investments Charitable Gift Fund
The Fidelity Investments Charitable Gift Fund is a prominent public charity, dedicated to making a significant impact on various charitable causes. With a focus on health and human services, children and families, social welfare, education, scientific research, culture and the arts, religion, and civic organizations, this charitable organization extends its reach to a multitude of sectors. Based on the provided information, the Fidelity Investments Charitable Gift Fund works tirelessly to support a diverse range of charitable initiatives and organizations across the board.
The mission of Fidelity Investments Charitable Gift Fund is twofold. Primarily, it serves as a conduit for donors to efficiently and effectively support their preferred charitable organizations. Secondly, it plays a pivotal role in channeling these charitable donations towards causes that aim to improve lives and communities. The organization's dedication to supporting a broad spectrum of charitable causes highlights its commitment to making a meaningful difference in society.
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Impact
April, 2024
In a world where many struggle to find their footing, the Fidelity Investments Charitable Gift Fund stands as a beacon of support and opportunity. Their mission to improve communities through charitable giving has transformed countless lives. Through their dedication and commitment, they have created a ripple effect of positivity that reaches far and wide.
From helping to fund educational programs for underprivileged children to supporting healthcare initiatives in underserved areas, the impact of the Fidelity Investments Charitable Gift Fund is profound. Families have been lifted out of poverty, individuals have been given a chance at a brighter future, and communities have been revitalized. The simple act of giving has led to a chain reaction of generosity and hope, spreading like wildfire and igniting a spirit of compassion in all who are touched by their work.
As the Fidelity Investments Charitable Gift Fund continues to fulfill its mission, the world becomes a slightly brighter place. With each donation, each act of kindness, they are making a tangible difference in the lives of those in need. Their dedication to community improvement serves as a reminder that even in the face of adversity, there is always hope and the possibility of a better tomorrow.
This information is meant to be a general summary of Fidelity Investments Charitable Gift Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,661,570,258
- Gross Receipts: $42,081,770,632
Assets and Liabilities:
- Total Assets: $48,314,187,764
- Total Liabilities: $220,340,567
- Net Assets: $48,093,847,197
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Organization Details
Founding Year
1990
Phone
(800) 952-4438Principal Officer
Jacob Pruitt
Main Address
245 Summer Street MZ NM43A, BOSTON, MA, 02210
Website
www.fidelitycharitable.orgNTEE Category
Code: S500 - Community improvement
If you are a representative of Fidelity Investments Charitable Gift Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.