What is a Fidelity Charitable Giving account?

Fidelity Charitable is a 501(c)(3) public charity. We help donors maximize their generosity through our donor-advised fund, called the Giving Account. Established in 1991, we are the nation’s top grantmaker, distributing $10.3 billion to charities in 2021.

Are contributions to Fidelity Charitable deductible?

There’s financial incentive for Americans to give generously to charity: when you donate to a 501(c)(3) public charity, including Fidelity Charitable, you are able to take an income tax charitable deduction.

Is Fidelity Charitable legitimate?

Fidelity Charitable is an independent, 501(c)(3) public charity. We sponsor the largest donor-advised fund program in the country. Our donor-advised fund is called the Giving Account.

How large is Fidelity Charitable Gift fund?

Fidelity Investments Charitable Gift Fund (Fidelity Charitable) is the largest public charity in the United States, holding over $30 billion in assets under management as of 2019.

Is Fidelity Charitable a 50 limit organization?

Because Fidelity Charitable is a public charity, the percentage limitations that apply are generally the most favorable charitable deductions available under IRS rules. Deductions for contributions of long-term capital gain property (such as appreciated securities held for more than one year) are limited to 30% of AGI.

How do I set up a charity account?

Go to the bank where you want to open the donations account. Speak to a bank representative about opening an account to accept donations for charity. The representative will go over the options available, such as the different ways people can donate money to the account.

How big is Fidelity Charitable fund?

As the largest grantmaking organization in the country, Fidelity Charitable made 1.4 million grants in fiscal year 2019, totaling more than $6 billion.

Does Fidelity offer charitable gift annuities?

You can fund a charitable gift annuity with an irrevocable donation of cash, publicly traded securities, or other assets, such as real estate, art, or collectibles. Your donation may earn you an immediate partial tax deduction.

Is Fidelity Charitable a 501c3?

Fidelity Charitable is a tax-exempt nonprofit organization and public charity under Internal Revenue Code Section 501(c)(3).

Is Fidelity Charitable a 50% limit organization?

Since Fidelity CharitableSM is an independent public charity, you are eligible for the maximum tax deduction for your charitable contribution: Cash equivalents: 50% of Adjusted Gross Income (AGI) Publicly traded stock: 30% of AGI deductible at Fair Market Value (FMV) if held for one year or more.

Is a charitable gift annuity a good idea?

The Bottom Line. If you want to make a significant contribution to a charity you care about – but also want the security of a fixed, reliable income for life – a charitable gift annuity could be a great choice.