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Fidelity Charitable Introduces Enhanced Investment Options for DAF Accounts

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sarah libbeyFidelity Charitable, the largest donor-advised-fund provider in the U.S., on Tuesday rolled out a new investment offering that features seven asset allocation pools diversified among multiple asset classes and across the risk spectrum. Sarah Libbey (left), president of Fidelity Charitable, said in a statement that “we believe that appropriate asset allocation is the most important step to ensure one’s investment objective is met over time.” 

In addition, the public charity introduced an online tool to help donors choose how to invest their charitable contributions.

The pools use Fidelity Asset Manager Funds as their underlying investments; this provides Fidelity Charitable donors and their advisors with the same professional management and experienced stock selection that Fidelity investors receive.

In addition to the asset allocation options, Fidelity Charitable also is offering three new single-asset investment pools: U.S. equity, international equity and fixed income.

In its donor-advised fund program, Fidelity Charitable’s DAF program enables donors and their advisors to make financial contributions to individual Giving Accounts, and then recommend how those contributions are invested and ultimately granted to support their favorite causes.

According to Fidelity Charitable, the new pools increase the investment options already available to qualified financial advisors on behalf of their clients through the Charitable Investment Advisor Program. The program allows advisors to develop and actively manage customized portfolios for a donor’s Giving Account of $250,000 or more. It enables them to invest in stocks, bonds and mutual funds, as well as in alternative investments.

Fidelity Charitable’s new Pool Selector helps donors determine the asset allocation pool that best supports their giving strategy. It asks questions about contribution and granting time horizons, the annual amounts a donor hopes to contribute to Fidelity Charitable and recommend in grants to charities, and their investment risk tolerance for their Giving Account.


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