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Fidelity Investments Charitable Gift Fund Organization Name provided in the GuideStar Exchange* as of 06/13/2012: Fidelity Investments Charitable Gift Fund

Organization Name as listed in the IRS Business Master File as of 09/08/2014: FIDELITY INVESTMENTS CHARITABLE GIFT FUND

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AKA  Fidelity Charitable Gift Fund, the Gift Fund, CGF
Cincinnati, OH
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GuideStar Summary

&1002;                GuideStar Exchange Committed to transparency ?
This organization is a Silver-level GuideStar Exchange participant, demonstrating its commitment to transparency.

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2013, and 2012 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is not available
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Basic Organization Information

Fidelity Investments Charitable Gift Fund Organization Name provided in the GuideStar Exchange* as of 06/13/2012: Fidelity Investments Charitable Gift Fund

Organization Name as listed in the IRS Business Master File as of 09/08/2014: FIDELITY INVESTMENTS CHARITABLE GIFT FUND

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: Fidelity Charitable Gift Fund, the Gift Fund, CGF
Physical Address: Cincinnati, OH 45277 0053
EIN: 11-0303001
Web URL: www.charitablegift.org 
NTEE Category: T Philanthropy, Voluntarism, and Grantmaking
T99 Other Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Ruling Year: 1991 


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Mission Statement

The mission of the Gift Fund is to further the American tradition of philanthropy by providing programs that make charitable giving simple and effective.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

Institutional funders should note that an organization’s inclusion on GuideStar.org does not satisfy IRS Rev. Proc. 2011-33 for identifying supporting organizations.

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Annual Revenue & Expenses (IRS Form 990, July 2011)

Fiscal Year Starting: July 01, 2011
Fiscal Year Ending: June 30, 2012

Total Revenue $3,538,067,424
Total Expenses $1,310,388,395

Revenue & Expenses

Revenue and expense information has not been provided by the nonprofit. Click here if you are associated with this organization and want to provide this information.

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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June 2012)

Ms. Sarah C. Libbey

Term:

Since June 2007

Profile:

Ms. Libbey serves as president of Fidelity Charitable Gift Fund (CGF). Ms. Libbey began her career at Fidelity Investments in 1981 as a sales representative. From 1982 to 1986, she managed a staff in Fidelity's legal department. From 1986 to 1994, she was marketing director of Fixed-Income Product Management for Fidelity Investments Retail Marketing Company. Ms. Libbey was vice president of High Net Worth and Electronic Channel Programs for Fidelity Retail Investor Services from 1994 to 1996. From 1996 to 1999, she was vice president of Investment Planning Product Development for Fidelity Investments Institutional Retirement GrouMs. Libbey was appointed senior vice president of Product Management and Development for Fidelitys retail mutual funds in Fidelity Personal Investments (FPI). In 2002, she was named senior vice president of Portfolio Advisory Services for FPI. Ms. Libbey served as chairman and director of the board for Fidelity Personal Trust Company from 2004 to 2007. In June 2007, the Gift Fund's Board of Trustees ("Board") elected her senior vice president of Marketing and Program Development. The Board then elected her president of CGF. Born in 1957, Ms. Libbey earned a bachelor of arts in Sociology and English at the University of New Hampshire in 1979.

Board Chair (GuideStar Exchange,
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June 2012)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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June 2012)

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Board Leadership Practices (GuideStar Exchange,
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June 2012)
?

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in June 2012

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Programs

Program: Gift Fund (GuideStar Exchange,
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June 2012)

Budget:
$1,120,839,497
Category:
Philanthropy, Voluntarism & Grantmaking
Population Served:
General Public/Unspecified

Program Description:

The Gift Fund offers programs to individuals, business entities, estates and trusts that allow for a simplified approach to strategic charitable giving. The Gift Fund's Giving Account® program allows donors to establish a donor-advised fund and easily incorporate their charitable goals with their financial plan. Once a Giving Account® has been established, donors recommend grants from the Gift Fund - on their own timetable to support their favorite, IRS-qualified public charities. The Giving Account centralizes a donor's giving and provides online tools and services to make managing and planning charitable giving simple. Through the Gift Fund's investment pool program, donors have the opportunity to recommend how their charitable contributions are allocated among one or a combination of fifteen investment pools, offering a range of objectives, from preservation of principal to long-term capital growth. The charitable contributions in the professionally managed pools have the potential to grow and provide more for charity. In addition, donors whose Giving Accounts contain greater than $250,000 have the opportunity to recommend an investment advisor to manage charitable assets in their Giving Accounts as part of the Gift Funds Charitable Investment Advisor Program. The Gift Fund allows its donors the flexibility to contribute several different asset types - cash (via personal check or wire), marketable securities such as mutual funds, stocks, bonds, and assets not publicly traded. The minimum contribution to establish a Giving Account is $5,000. Donors are also able to build a meaningful charitable legacy by recommending one or a combination of the Gift Fund's three successor programs -Individuals, Charitable Organizations, or the Endowed Giving Program. While the Individual successor option lets donors pass on Giving Account privileges to family members and/or friends, the Charitable Organization and Endowed Giving Program successor options allow donors to recommend distributions directly to their favorite charities either in one lump sum or on a recurring basis after their death. Finally, the Pooled Income Fund is a program of the Gift Fund in which up to two individuals can receive a lifetime income stream, and the remainder then supports up to 10 IRS-qualified public charities. It allows donors to plan for contributing a future interest in the assets to a charity, while receiving the income generated by those assets during their lifetime to make the most of charitable dollars, both during and after their lifetime. The minimum contribution to establish a Pooled Income Fund account is $20,000.

Program Long-Term Success:

Since 1991, the Gift Fund has helped more then 59,000 donors recommend more then $10 billion in grants to over 136,000 nonprofit organizations, with the Giving Account, our donor-advised program.

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

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Impact Summary from the Nonprofit

This organization has not provided an impact summary.
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Reviews

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