Fidelity Charitable Gift Fund reduces minimum to $250,000

The Fidelity Charitable Gift Fund today announced that its board has voted to reduce the minimum-asset requirement for its Charitable Investment Advisor Program. The move establishes a minimum of $250,000, which was reduced from $1 million. Under the program, donors select an independent investment adviser to develop and implement investment strategies, the firm reported. “They are able to choose their own selection of mutual funds, stocks and fixed-income securities,” Sarah Libbey, president of the $3.8 billion gift fund, which is an independent charity offering a donor-advised fund program, said in an interview. The Fidelity Charitable Gift Fund was established by Fidelity Investments of Boston in 1991.