Are additional contributions to Fidelity Charitable tax-deductible?
Yes. You will be eligible to take an itemized income tax deduction for a charitable contribution on the date the contribution is made to Fidelity Charitable. This is subject to the deductibility limitations set by law. Please consult your legal or tax advisor to review your personal situation. You will receive a consolidated statement of your annual contributions and granting activity at the end of each calendar year. Please note that since you become eligible for a tax deduction at the time you make your contribution to Fidelity Charitable, any other receipts or acknowledgements you may receive (e.g., from a public charity to which you recommended a grant) are duplicative and cannot be used for tax purposes. Grant recommendations made to individual charities, though they may be acknowledged by the charity, are not eligible for additional tax deductions by you.
