FIDELITY FOUNDATION

Financial Information

Total Assets: $414,554,258

Total Giving: $22,502,303

Area of Service:

Not Available.

Areas of Interest:

Not Available

Programs

None

Grants

The following grants were reported in 2007:
$4,586,667 to Peabody Essex Museum, Salem, MA. For endowment, payable over 1 year.
$2,500,000 to Museum of Fine Arts, Boston, MA. For capital, payable over 1 year.
$1,200,000 to Akshaya Patra Foundation US, Stoneham, MA. For construction, payable over 1 year.
$440,000 to Berklee College of Music, Boston, MA. For program development, payable over 1 year.
$250,000 to Boston Health Care for the Homeless Program, Boston, MA. For construction, payable over 1 year.
$250,000 to Xavier University, Cincinnati, OH. For construction, payable over 1 year.
$150,000 to Manhattan College, Riverdale, NY. For technology, payable over 1 year.
$75,000 to El Museo del Barrio, New York, NY. For technology, payable over 1 year.
$75,000 to Piedmont Health Services, Chapel Hill, NC. For technology, payable over 1 year.
$50,000 to Utah Food Bank Services, Salt Lake City, UT. For technology, payable over 1 year.

Limitations

Giving primarily in areas of company operations, including Jacksonville, FL, northern KY, Boston and Marlborough, MA, Merrimack, NH, Jersey City, NJ, lower Manhattan, NY, Durham and Raleigh, NC, Cincinnati, OH, Smithfield, RI, Dallas, Fort Worth, and northern TX, Salt Lake City, UT, and Toronto, Canada; giving also to regional and national organizations.
No support for start-up, sectarian, or civic organizations, public school systems, or disease-specific organizations.
No grants to individuals, or for general operating support, sponsorships, scholarships, benefits, corporate memberships, or video or film projects.

Summary

The foundation supports organizations involved with arts and culture, education, health, human services, and community development. Special emphasis is directed toward programs designed to strengthen long-term effectiveness of nonprofit institutions.

Additional

Type of Grantmaker: Company-sponsored foundation
Trust established in 1965 in MA.

Quick Facts Sheet

URL:

http://www.fidelityfoundation.org/

Located in:

Boston,

Not Available.

United States

Contact Information / Process

Phone: (617) 563-6806

Email: Not Available.

Address:
82 Devonshire St., S2
Boston, MA 02109-3614

Procedure:
Additional information may be requested at a later date. A site visit may be requested. Organizations receiving support are asked submit a six-month progress report and a final report. Application form required. Applicants should submit the following:
1. Timetable for implementation and evaluation of project
2. Results expected from proposed grant
3. Copy of IRS Determination Letter
4. Brief history of organization and description of its mission
5. Copy of most recent annual report/audited financial statement/990
6. How project’s results will be evaluated or measured
7. Listing of board of directors, trustees, officers and other key people and their affiliations
8. Detailed description of project and amount of funding requested
9. Copy of current year’s organizational budget and/or project budget
10. Listing of additional sources and amount of support
Initial approach: Download application form and mail to nearest regional office
Copies of proposal: 1
Deadline(s): None
Final notification: 3 to 6 months

Donors & Leadership

Donors:
FMR Corp.
Fidelity Ventures Ltd.
FMR Capital
The Colt, Inc.

Officers and Directors:
Anne-Marie Soulliere, President
Patricia R. Hurley, Esq., Secretary and Legal Counsel
Charles L. Nickerson, Treasurer
Abigail P. Johnson
Edward C. Johnson, III
Edward C. Johnson, IV
Ross E. Sherbrooke

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