FIDELITY INVESTMENTS CHARITABLE GIFT FUND

EIN: 110303001 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$30,633,210,968
Total Expenses
$15,594,895,656
Total Assets
$86,270,322,515
Net Assets
$85,862,738,605
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
JACOB PRUITT
Phone
8009524438
Tax Period
2024-07-01 to 2025-06-30

FIDELITY INVESTMENTS CHARITABLE GIFT FUND, founded in 1990, is a large national nonprofit in the Community Improvement sector that reported $30.6B in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.0B, a strong 49% operating margin.

Mission

THE ACCOUNTS USED BY THE FUNDS REPRESENTED IN 1(B) CONSIST OF THE CATALYST FUND, INTERNAL GENERAL PROGRAM SERVICES AND ACCOUNTS ENROLLED IN THE ENDOWED GIVING PROGRAM. THE CATALYST FUND IS A BOARD DESIGNATED FUND, FROM WHICH THE BOARD OF TRUSTEES ENGAGES IN DIRECT GRANT-MAKING. CATALYST FUND ASSETS ARE SEPARATE FROM DONOR-ADVISED FUNDS, AND GRANTS ARE MADE FROM THE CATALYST FUND AT THE DIRECTION OF THE TRUSTEES. ACCOUNTS USED FOR GENERAL PROGRAM SERVICES LACK ADVISORY PRIVILEGES AND ARE USED FOR INTERNAL OPERATIONS ONLY. ACCOUNTS ENROLLED IN THE ENDOWED GIVING PROGRAM PROVIDE RECURRING GRANTS TO CHARITABLE ORGANIZATIONS AFTER THE DEATH OF THE LAST REMAINING ACCOUNT HOLDER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,467,716,241
Program Service Revenue $0
Investment Income $4,165,494,727
Other Revenue $0
TOTAL REVENUE $30,633,210,968

Expense Breakdown

Grants Paid $15,307,491,635
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,594,895,656
Other Expenses $287,404,021
TOTAL EXPENSES $15,594,895,656

Year-over-Year Comparison

2024 2023 Change
Revenue $30,633,210,968 $18,985,204,861 +0.6%
Expenses $15,594,895,656 $12,921,946,074 +0.2%
Net Income $15,038,315,312 $6,063,258,787 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONARD MENDONCA CHAIR/TRUSTEE 1.0
Director
$0 $0 $0
NANCY ALTOBELLO TRUSTEE 1.0
Director
$0 $0 $0
CATHERINE D'AMATO TRUSTEE 1.0
Director
$0 $0 $0
JOHN HALABY TRUSTEE 1.0
Director
$0 $0 $0
TYRA A MARIANI TRUSTEE 1.0
Director
$0 $0 $0
JENNIFER MCAULIFFE TRUSTEE 1.0
Director
$0 $0 $0
ROSIE RIOS TRUSTEE 1.0
Director
$0 $0 $0
TODD WILLIAMS TRUSTEE 1.0
Director
$0 $0 $0
DAMIAN WILMOT TRUSTEE 1.0
Director
$0 $0 $0
JACOB PRUITT PRESIDENT 40.0
Officer
$0 $0 $0
DAVID SCOGLIO TREASURER 40.0
Officer
$0 $0 $0
STEFAN PODVOJSKY SR. VP, I&P (UNTIL 6/24/25) 40.0
Officer
$0 $0 $0
CINDY GOMEZ SECRETARY 40.0
Officer
$0 $0 $0
BRANDI GREENE ASST. SECRETARY (AS OF 2/25) 40.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $30,633,210,968 $15,594,895,656 $86,270,322,515 $15,038,315,312
2024 No data No data No data No data
2023 $14,732,623,803 $10,542,911,354 $56,657,940,564 $4,189,712,449
2022 $19,858,151,933 $11,634,379,981 $48,314,187,764 $8,223,771,952
2022 $19,858,151,933 $11,634,379,981 $48,314,187,764 $8,223,771,952
2021 $18,558,596,882 $10,215,226,599 $49,738,032,591 $8,343,370,283
2020 $12,252,844,500 $7,447,268,345 $35,369,008,813 $4,805,576,155
2019 $9,936,953,867 $6,164,989,844 $31,090,336,744 $3,771,964,023
2018 $10,031,882,956 $4,883,801,649 $27,028,513,842 $5,148,081,307
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