Time is running out to make tax-deductible contributions in 2024. Review our year-end contribution guidelines.
The Giving Account, a donor-advised fund at Fidelity Charitable, is a simple and tax-efficient way to donate money to charity. Like writing a check, you’re eligible to take a tax deduction, but a Giving Account also includes many more advantages:
Make a difference to numerous causes by recommending grants to multiple qualified charities at once, now or in the future
Set up automated Electronic Funds Transfer (EFT) contributions and pre-dedicate funds to easily support charitable requests as they come up
Invest your contribution for potential tax-free growth and provide ongoing support to charities with recurring grant recommendations
Streamline recordkeeping, easily make contributions, manage investments, and recommend grants on the go with our updated mobile app
*For contributions of complex or non-publicly traded assets, generally fair market value is determined by a qualified appraiser in compliance with the IRS.
Ways to fund
It’s easy to make a cash contribution to your Giving Account with any of the following:
Check
Wire transfer
Bank EFT
(Electronic Funds Transfer)
Fidelity brokerage account
(Cash position)
Sharing simplified…and amplified. Instead of writing checks to separate causes as they come up, Phil and Susan established a Giving Account.
They contributed $25,000 through a wire transfer, which was immediately eligible for a tax deduction of up to 60% of their adjusted gross income. That contribution was invested in one of Fidelity Charitable’s Investment Pools, where it has the potential to grow tax-free—possibly increasing the amount of money they’ll ultimately be able to use for grant recommendations to qualified charities.
In the meantime, they’ve set up automatic grant recommendations from their Giving Account to multiple qualified charities and recurring wire transfers from their checking account. They’re actively making a series of automated charitable contributions, then recommending how they would like their donation to be invested, giving their Giving Account the potential to grow tax-free. Their goal is to support Parkinson’s research, their church, and their alma mater for as long as possible, in the smartest way possible, and the Giving Account from Fidelity Charitable is helping them do just that.
* Donations are invested and investing involves risk. The value of an invested donation will fluctuate over time and may gain or lose money.
Start making a difference today by opening a Giving Account—no minimum required.
You can contribute cash via check, electronic funds transfer, wire transfer, or cash position from a brokerage account.
Yes, you can setup recurring cash contributions into your Giving Account by connecting your bank account via EFT.
There is no minimum for checks, wire transfer, or cash positions from a brokerage account. Electronic Fund Transfers have a minimum of $10.
Fidelity Charitable will not charge a fee for cash contributions, however, your bank may charge a fee for using EFT. Please consult with your bank directly for additional information on their EFT fees.
Yes, you will receive a tax receipt after Fidelity Charitable receives your cash contribution.
Fidelity Charitable accepts a wide range of financial assets, from cash and checks to stocks and even non-publicly traded assets.
Ready to get started?
Opening a Giving Account is fast and easy, and there is no minimum initial contribution.
Or call us at 800-262-6039
