Fidelity Investments Charitable Gift Fund

Is Fidelity Investments Charitable Gift Fund Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Fidelity Investments Charitable Gift Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Fidelity Investments Charitable Gift Fund

Fidelity Investments Charitable Gift Fund (EIN: 110303001) is a nonprofit organization based in Boston, MA, classified under NTEE code S500. The organization reported total revenue of $36.8B and total assets of $66.8B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fidelity Investments Charitable Gift Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fidelity Investments Charitable Gift Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 75%
• fundraising: 10%

According to IRS 990 filings, Fidelity Investments Charitable Gift Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive salaries are either covered by an affiliated entity or are not directly paid by the charitable fund itself, which is a common practice for DAFs sponsored by financial institutions.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Fidelity Investments Charitable Gift Fund:

• Exceptional asset growth, from $13.3 billion in 2014 to $56.6 billion in 2023, indicating strong donor confidence.
• High program spending ratio (approximately 75% of expenses as grants), aligning with its mission as a grant-making entity.
• Consistent revenue growth, with the latest reported revenue at $36.8 billion, showcasing robust fundraising and donor engagement.
• No reported officer compensation, suggesting efficient use of charitable funds or external coverage of executive salaries.
• Significant scale and reach, facilitating substantial charitable distributions across the nonprofit sector.

Frequently Asked Questions about Fidelity Investments Charitable Gift Fund

Filing History

IRS 990 filing history for Fidelity Investments Charitable Gift Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Fidelity Investments Charitable Gift Fund's revenue has grown by 685.8%, moving from $1.9B to $14.7B. Total assets increased by 909% over the same period, from $5.6B to $56.7B. Total functional expenses rose by 726.4%, from $1.3B to $10.5B. In its most recent filing year (2023), Fidelity Investments Charitable Gift Fund reported a surplus of $4.2B, with revenue exceeding expenses. The organization holds $758.6M in liabilities against $56.7B in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $55.9B.

Year-by-Year Financial Summary

• 2023: Revenue of $14.7B, expenses of $10.5B, and assets of $56.7B (revenue -25.8% year-over-year).
• 2022: Revenue of $19.9B, expenses of $11.6B, and assets of $48.3B (revenue +7.0% year-over-year).
• 2021: Revenue of $18.6B, expenses of $10.2B, and assets of $49.7B (revenue +51.5% year-over-year).
• 2020: Revenue of $12.3B, expenses of $7.4B, and assets of $35.4B (revenue +23.3% year-over-year).
• 2019: Revenue of $9.9B, expenses of $6.2B, and assets of $31.1B (revenue -0.9% year-over-year).
• 2018: Revenue of $10.0B, expenses of $4.9B, and assets of $27.0B (revenue +36.4% year-over-year).
• 2017: Revenue of $7.4B, expenses of $3.8B, and assets of $21.2B (revenue +53.9% year-over-year).
• 2016: Revenue of $4.8B, expenses of $3.3B, and assets of $16.1B (revenue -11.4% year-over-year).
• 2015: Revenue of $5.4B, expenses of $2.9B, and assets of $15.3B (revenue +23.3% year-over-year).
• 2014: Revenue of $4.4B, expenses of $2.3B, and assets of $13.3B (revenue +110726.3% year-over-year).
• 2013: Revenue of $3.9M, expenses of $1.8B, and assets of $10.3B (revenue -99.9% year-over-year).
• 2012: Revenue of $3.5B, expenses of $1.3B, and assets of $7.6B (revenue +88.7% year-over-year).
• 2011: Revenue of $1.9B, expenses of $1.3B, and assets of $5.6B.

Data Sources and Methodology

This transparency report for Fidelity Investments Charitable Gift Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.