Donors with a qualified minimum balance in an existing Giving Account or new Giving Account may nominate their investment advisor to manage assets contributed to Fidelity Charitable.
Before opening a CIAP account, be sure you have the following information:
Once prepared, log in to Fidelity Charitable’s online platform, GivingCentral. Click on Set Up a Giving Account button followed by the Enroll in the Program button. From there, you will then be guided through the enrollment process.
You can also initiate an initial contribution as well as request access to your client’s Giving Account for future support, but these two steps are optional.
Once you enter the required information, an email will be sent to your client for approval. If, for any reason, your client does not receive the approval email, they can easily access the online approval page. You will have limited Giving Account access until your client and the Nominated Advisor approves you.
The fastest way to open a Giving Account for your client is by using GivingCentral.
From GivingCentral, click on the ‘Set Up a Giving Account’ button in the upper right-hand corner and "Set up a Giving Account enrolled in CIAP" from the following page. You will be prompted through a series of short steps to open the account.
Once you complete the account opening process, an email will be sent to your client for approval of the Giving Account. If, for any reason, your client does not receive the approval email, they can easily access the online approval page.
You will not be able to see the Giving Account fully until your client approves your access request.
If account access is not requested during the account opening process, it can be requested at any time from the GivingCentral dashboard.
The purpose of the Charitable Investment Advisor Program Investment Policies and Guidelines, set forth by the Trustees of Fidelity Charitable®, are to ensure that CIAP Assets are invested in a prudent manner. Alternative Investments must be approved.
Please refer to the Charitable Investment Advisor Program: Alternative Investment Transaction Request Form for additional requirements, and to submit a request for review.
An Investment Advisor recommending a hedge fund or private equity fund must have extensive prior experience in recommending and conducting due diligence on alternative investments. Investment Advisors are responsible for conducting initial and ongoing due diligence on all alternative investments.
In addition to the guidelines, advisors are required to obtain approval from Fidelity Charitable before purchasing any investments that may generate unrelated business income tax (UBIT). To the extent any UBIT is generated, Fidelity Charitable will generally assess the liability to the Giving Account invested in the UBIT-generating asset.