Fidelity’s Charitable Gift Fund Lowers Amount to Start an Account

Fidelity Investments has slashed in half the minimum sum required to start a donor-advised fund under its Charitable Gift Fund, reports The Associated Press.

Now donors can start a fund with a minimum of $5,000, compared with the $10,000 minimum it had long maintained. Donors will also be allowed to channel gifts as small as $100 out of the funds; in the past, they had to give at least $250.

Fidelity said it made the change in response to demands from people who wanted to create the funds.

Fidelity maintains the largest donor-advised fund in the United States, according to a survey by The Chronicle of Philanthropy.

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