America’s biggest “charity” is built on a lie
<p>As the season of giving comes to a close, we can be sure of this: The charity that will raise more money than any other in 2019 will be <a href="https://www.fidelitycharitable.org/" rel="noopener ugc nofollow" target="_blank">Fidelity Charitable</a>, an enterprise that manages the charitable giving of more than 200,000 mostly well-to-do clients.</p>
<p>While legally classified as a <a href="https://www.501c3.org/what-is-a-501c3//" rel="noopener ugc nofollow" target="_blank">501(c)(3) nonprofit</a>, Fidelity Charitable is a charity in name only. In fact, it functions as a middleman where donors can invest their money for as long as they like before giving it to what most of us would recognize as a real charity. Fidelity Charitable has grown like wild in recent years because <strong>clients can take a tax deduction immediately when they deposit money in Fidelity Charitable, even if they have no intention of giving the money away anytime soon</strong>.</p>
<p><a href="https://medium.com/nonprofit-chronicles/americas-biggest-charity-is-built-on-a-lie-b6eb06295852"><strong>Read More</strong></a></p>