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Financial Planning > UHNW Client Services > Family Office News

Fidelity Boosts Philanthropic Resources for Family Offices

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Fidelity Family Office Services announced Monday that through an alliance with Foundation Source it has expanded the resources available for philanthropic planning for family offices.

Back-office administration tools and online platform, as well as experienced specialists in philanthropy and foundation advice, are all now accessible to family offices working with Fidelity. Those offices will find improved flexibility in management of private foundations, in areas including administration and reporting as well as coordinating investment management with tax preparation and compliance reporting.

Edward J. Orazem, president, Fidelity Family Office Services, said in a statement, “In an age where charitable dollars are tight, yet the call for philanthropy is on the rise, family offices are becoming even more strategic in their giving. Family offices also are looking to ensure their charitable structure is maximizing their ability to meet their philanthropic goals.”

The new offering includes:

  • Back-office administration, including transaction processing, compliance monitoring, federal and state filings, and advanced back-office services
  • A web-based platform, including research capabilities allowing family offices to conduct due diligence on IRS-approved charities; flexible grant making and expense tracking options; and an online reporting and document archive system for storing, organizing and sharing foundation documents
  • Support services, including Foundation Source specialists in areas of philanthropy, tax, legal and accounting services
  • Advanced foundation services, including expertise from Foundation Source professionals on governance and family engagement surrounding the foundation’s philanthropic efforts as well as effective charitable best practices (e.g., program development, executive director coaching and social change strategies).

Fidelity also provides access to Fidelity Private Foundation Services and the Fidelity Charitable Gift Fund.


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