Financial Services Firm Underwrites Arts, Culture Programs

Private Funder: Fidelity Foundation (the giving arm of Fidelity Investments); Opportunity: Fidelity Cares; Funding Focus: Community development, arts/culture and education; Geographic Focus: National (where it has location; Eligibility: Nonprofits near Fidelity Investment’s major corporate locations (Fidelity also sets aside a portion of its total giving each year for good programs outside these geographic limits); Funding: Multiple awards ranging from $50,000 each (it made $16.4 million in grants last year); Deadline: Rolling.

Summary: These grants help nonprofit effectiveness and organizational capabilities. Eligible applicants include nonprofit organizations located near Fidelity Investments’ major corporate locations. Fidelity also sets aside a portion of its total giving each year for good programs outside these geographic limits. It’s best to check the website. The foundation also makes grants for arts/culture and education.

The majority of education funding is employee-driven through Fidelity Investments’ Matching Gifts to Education program. Since the program began in 1987, the foundation has matched more than 35,000 gifts worth over $24.5 million. Grants are generally made only to organizations with operating budgets of $500,000 or more.  Projects addressing the needs of children and youth get priority. The foundation recently gave $250,000 to Boys and Girls Clubs of Boston for an endowment. The foundation is at: www.fidelityfoundation.org   

Info: 617/563-6806, info@FidelityFoundation.org

About Frank Klimko

Frank Klimko is a nationally known journalist, grants expert and speech writer/speaker. He has years of experience helping nonprofits devise lists of the right funding opportunities and secure funding from these foundations and corporate entities. Clients have focused on an array of areas including child care, homeless, hunger and K-12 education. Additionally, he is a Freedom of Information Act expert, who has helped numerous clients with securing proprietary information from the federal government. Currently, Frank Klimko writes the Children & Youth Funding Report and Private Grants Alert, which are Washington DC-based publications. CYF is a daily publication covering Congress, the Education Dept. and the various federal regulatory agencies. PGA, another daily publication, covers the world of private philanthropy.
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