Fidelity Foundation
The Fidelity Foundation is a private, nonoperating foundation based in Boston, Massachusetts, committed to building capacity in nonprofit organizations. Established in 1992, the foundation takes an investment approach to grantmaking, applying business fundamentals and experience to philanthropic decision-making. The foundation is supported by FMR LLC.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0B
+30.3% YoY
Annual Giving
$156.2M
+6.3% YoY
Grant Count
4,430
+32.8% YoY
Avg Grant Size
$35K
-20.0% YoY
Mission & Focus Areas
The Fidelity Foundation grant program was designed to strengthen the long-term effectiveness of nonprofit institutions. The foundation supports organizations involved with:
- Arts and culture
- Education
- Health
- Human services
- Community development
Special emphasis is directed toward programs designed to strengthen long-term effectiveness of nonprofit institutions. The foundation seeks to support major initiatives that nonprofits undertake to reach new levels of achievement, helping organizations build the organizational capabilities they need to better fulfill their missions and serve their constituencies.
Grantmaking
The foundation views philanthropy as an investment of both financial resources and business skills and experience. In considering proposals, the foundation carefully examines each aspect of an organization's project idea, management team, and financial situation before committing resources to ensure grants can achieve tangible results.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts, North Carolina, and Texas. Grantmaking reaches organizations across all 50 states, with Massachusetts, Texas, and Maine accounting for 35% of all grants.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $4,982,473,098
- Total revenues: $1,327,179,367
- Total expenses: $171,848,038
- Total giving: $156,206,272
- Number of employees: 43
The foundation has demonstrated significant growth, with total assets increasing from $256.1 million in 2011 to nearly $5 billion in 2024. Annual giving has grown from $72.1 million in 2020 to $156.2 million in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,982,473,098 | $3,824,770,952 | $3,025,064,750 |
| Revenue | $1,327,179,367 | $958,894,354 | $667,444,682 |
| Expenses | $171,848,038 | $159,217,067 | $171,982,325 |
| Qualifying Distributions | $188,165,934 | $161,417,067 | $169,694,158 |
| Net Investment Income | $369,361,295 | $150,942,293 | $41,390,076 |
| Distributable Amount | $230,903,319 | $165,832,164 | $141,993,629 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Fidelity Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROSS E SHERBROOKE | DIRECTOR/VICE PRESIDENT | 2.5 | — |
| ABIGAIL P JOHNSON | DIRECTOR/VICE PRESIDENT | 2.5 | — |
| ELIZABETH L JOHNSON | DIRECTOR | 2.5 | — |
| EDWARD C JOHNSON IV | DIRECTOR | 2.5 | — |
| MAURA MARX | PRESIDENT | 18 | $483,242 |
| DANIEL M ARDITO | TREASURER | 21 | $241,196 |
| KEVIN SAUNDERS | SECRETARY | 17 | $165,817 |
Contact Information
Address: 7 Water Street, Boston, MA 02109-4100
Phone: 617-646-7418
Website: fidelityfoundation.org
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Fidelity Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities