Policy Changes for the Giving Account
To help encourage active grantmaking from every Fidelity Charitable Giving Account, the Fidelity Charitable® Board of Trustees recently approved an update to their Program Guidelines. The updated policy requires donors to recommend at least one grant, every two years. When no grant is made in the two-year period, 5% of the Giving Account balance will be granted out to the charity that has received the most grants from the donor. Multiple notifications will be sent to impacted donors prior to any action being taken. Donors who haven’t made a grant in the past two years can avoid this situation by making a grant of $50 or more by the end of the year.