Wednesday, November 12, 2014

Fidelity fund for charitable giving on track to surpass United Way - Business - The Boston Globe

Fidelity fund for charitable giving on track to surpass United Way - Business - The Boston Globe: "idelity Investments, best known for mutual funds and retirement plans, now oversees more in charitable contributions than much better-known philanthrophic organizations such as the Salvation Army and the American Red Cross, and it is on the verge of surpassing the United Way.

The Boston financial giant entered the world of philanthropy through a nonprofit it established to manage charitable donations and provide tax shelters for its investors. Last year, the nonprofit, Fidelity Charitable, brought in $3.7 billion from clients, placing it second on The Chronicle of Philanthropy’s rankings of the country’s largest charities, just behind United Way."



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