Fidelity Private Foundation Services

Fidelity Private Foundation Services makes it simple to establish and manage a private foundation. Whether your foundation is just an idea or an operating entity, we can help.

At Fidelity Private Foundation Services, we have streamlined the previously lengthy, complex, and expensive set-up process into four easy steps.

Step 1: Complete an application

Choose from one of three ways to get started:

• Complete the brief online application, or
• Download the application – type your information into the form, print, sign, and mail or fax it, or
• Call a Fidelity Regional Account Representative at 1-800-334-4438.

Once your application is received, a Client Service Manager will send you a Welcome Kit and work with you directly to continue the establishment process.

Step 2: Receive your Welcome Kit

The Welcome Kit contains the necessary documents to continue the establishment of your foundation.

• Program Description — Explains the services of Fidelity Private Foundation Services and any important policies and benefits of which you must be aware.
• Foundation Profile — Defines key characteristics including your private foundation name, board of directors, and access privileges for your foundation members, including any advisors.
• Foundation Resolution — Defines the terms and conditions that apply to Fidelity Private Foundation Services.
• Fidelity Brokerage Account Application — Establishes your foundation's investment account used for all of your foundation's business.
• Customer Agreement — Defines the terms and conditions that apply to the foundation's Fidelity Account.
• Letter of Instruction — Enables you to identify investment assets already held by the foundation, and, if necessary, transfer them to the foundation's new Fidelity Account^SM.
• Cost Basis Verification — Provides cost basis information for tax accounting regarding the foundation's previously owned investment assets transferred to the foundation's Fidelity Account.
• Signature Card — Captures signatures for our files.

Step 3: Set up or convert your private foundation's records and information to Fidelity's system

Fidelity Private Foundation Services works with your attorney to organize the foundation and apply for its income tax exemption with the IRS. If you are not currently working with an attorney, we can provide you with a list of qualified firms with whom we work closely.

If you currently have a foundation and wish to take advantage of Fidelity Private Foundation Services' customized services, you can start the process by forwarding us the following documents:

• Articles of Incorporation or trust agreement
• Foundation by-laws
• Determination letter or IRS Form 1023 if determination letter has not been issued
• Foundation tax forms for the prior five years, if applicable

Fidelity Private Foundation Services may work with most U.S. private, non-operating foundations that are either trusts or corporations and have a charter in any state. Working with you and your advisors, we will review all existing documentation to gain an understanding of your private foundation's organizational and operational requirements.

Step 4: Manage your private foundation online

Work with Fidelity Private Foundation Services any way you wish — phone, fax, or mail. Your client service team will be there to help, and to ensure a timely, accurate process.

With Fidelity Private Foundation Services, you can manage your foundation at any time using our online services.

• A simple, private and secure web-based interface that gives you everything you need to manage your foundation
• Ability to view your account balances, make contributions, authorize grants, track expenses and set up access and grantmaking privileges for your board members and advisors
• Virtually 24-hour access
• Support from Private Foundation Services Client Services staff Monday through Friday, 8:30 a.m. through 5:30 p.m. ET at 1-800-334-4438

See these features for yourself. View a demonstration.