Understanding Non-Traditional Mutual Fund Donations (Fidelity Investments)

Making a stock donation with some mutual funds exclusive to Fidelity Investments may work a little differently than you expect. This simple guide explains 2 common mutual fund types and what your nonprofit will receive when you donate them.

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💰 Money Market Funds  |  🛑 Fidelity® ZERO Mutual Funds

💰 Money Market Funds

When these non-traditional mutual funds are transferred, the receiving nonprofit will receive the donation as cash instead of shares. Your nonprofit will not need to sell anything to access the funds. It’s a smooth process that works well for donors who prefer to give in a cash-equivalent form! 💵

Examples:

• 📈 SPAXX (Fidelity Government Money Market Fund)
• 📈 FZFXX (Fidelity Treasury Fund)
• 📈 FCASH (Taxable Interest Bearing Cash Option)
• 📈 FRGXX (Fidelity Investments Money Market Government Portfolio)

🛑 Fidelity® ZERO Mutual Funds

These non-traditional mutual funds typically cannot be transferred directly. Most requests are declined, unless you contact your brokerage directly initiate the process. 💼

• 📞 Let them know you’d like the mutual fund to be “liquidated and swept in as cash” for a charitable donation. (Since the fund itself cannot be transferred, this request ensures your nonprofit receives the donation as cash.)
• 🤝🏽 Fidelity Investments is familiar with this process and can help complete the request smoothly!

Examples:

• 📈 FNILX (Large Cap Index Fund)
• 📈 FZIPX (Extended Market Index Fund)
• 📈 FZROX (Total Market Index Fund)
• 📈 FZILX (International Index Fund)
• 📈 FZBFX (Bond Index Fund)
• 📈 FZADX (Aggressive Allocation Fund)