Fidelity Foundation
- Assets
- $2.5b
- Revenue
- $803.4m
- Investments
- $963.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 04-6131201
Organization Overview
Fidelity Foundation is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fidelity Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fidelity Foundation generated $803.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $101.9m during the year ending 12/2021. While expenses have increased by 16.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fidelity Foundation has awarded 12,240 individual grants totaling $215,165,173. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGN, PLANNING AND CONSTRUCTION FOR EDUCATION SUMMER CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maura Marx President | 18 | $377,734 | |
Mary Mcbryde Program Director | 36 | $228,683 | |
Daniel M Ardito Treasurer | 20 | $227,780 | |
Stephen Sloan Senior Advisor | 30 | $183,583 | |
Elizabeth Bouchard Program Officer | 36 | $170,557 | |
Barbara Sullivan Vp, Program Strategy | 22 | $166,279 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cooperative Philanthropic Services | 12/30/21 | $356,462 |
Russell Reynolds Associates | 12/30/21 | $168,429 |
On-ramps | 12/30/21 | $167,667 |
Mh Morton Consulting Llc | 12/30/21 | $135,000 |
Fidelity Institutional Asset Management | 12/30/21 | $6,532,959 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $714,218,269 |
| Interest on Savings | $0 |
| Dividends & Interest | $715,347 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,455,527 |
| Capital Gain Net Income | $155,230,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $572 |
| Total Revenue | $803,389,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $605,514 |
| Other employee salaries and wages | $3,200,193 |
| Pension plans, employee benefits | $519,828 |
| Interest | $0 |
| Taxes | $990,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,840 |
| Printing and publications | $0 |
| Other expenses | $1,094,214 |
| Total operating and administrative expenses | $13,488,435 |
| Contributions, gifts, grants paid | $88,395,665 |
| Total expenses and disbursements | $101,884,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $375,246,830 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,564,311 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,189,987,442 |
| Total assets | $2,530,107,332 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fidelity Foundation has awarded $88,395,665 in support to 4,713 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TECHNOLOGY | $5,000,000 |
Montpelier, VT PURPOSE: LAND ACQUISITION | $4,650,000 |
Boston, MA PURPOSE: CONSTRUCTION | $2,500,000 |
Boston, MA PURPOSE: ENDOWMENT | $2,500,000 |
Montpelier, VT PURPOSE: LAND ACQUISITION | $2,250,000 |
Boston, MA PURPOSE: ENDOWMENT | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |