Fidelity Investments Charitable Gift Fund

Analysis

Fidelity Investments Charitable Gift Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fidelity Investments Charitable Gift Fund reported income of $14.73bn and spending of $10.54bn, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.94bn to $14.73bn (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fidelity Investments Charitable Gift Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Brown University of Providence ($1.59bn), Jobsohio Beverage System ($732.5m) and National Center for Manufacturing Sciences ($427.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $56.66bn against liabilities of $758.6m, net assets of $55.90bn.