Fidelity Fund Becomes Pace Setter in Charity

Fidelity Investments, best known for mutual funds and retirement plans, now oversees more in charitable contributions than much better-known philanthrophic organizations such as the Salvation Army and the American Red Cross, and it is on the verge of surpassing the United Way. Last year, Fidelity's nonprofit, Fidelity Charitable, brought in $3.7 billion from clients, placing it second on The Chronicle of Philanthropy’s rankings of the country’s largest charities, just behind United Way.