Fidelity Enables E-Transfers to Charitable Gift Fund
December 28, 2009
Fidelity investors can now electronically transfer funds from their bank accounts to the Fidelity Charitable Gift Fund, making this the first national donor-advised fund program to make e-transfers possible.
Donors can now conduct all of their transactions online, from establishing accounts to funding them to recommending grants to the charities of their choice.
“We are pleased to be the first national donor-advised fund program to offer this capability, as many donors make their end-of-year contribution decisions,” said Sarah C. Libbey, president of the Gift Fund. “We are always striving to make giving as easy and convenient as possible, especially at a time when so many charities are in immediate need.”
The Gift Fund typically receives nearly half, 45%, of its annual contributions in the last month of the year.
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