Fidelity Investments to give colleges charitable contributions. Students to decide how it's distributed.

December 14, 2007

In an effort to nurture a future generation of philanthropists, the charitable arm of Fidelity Investments https://www.fidelity.com/ is giving five colleges - including Boston University, the only school selected in Massachusetts - each a $15,000 fund students will decide how to distribute as grants.

The program, sponsored by the Fidelity Charitable Gift Fund http://www.charitablegift.org/ , the country's fourth-largest public charity, will put the students in the role of real-life philanthropists. Just as trustees at private foundations and other grant-making organizations do, they will have a chance to form boards of directors, create donor guidelines, research prospective grant recipients, choose which nonprofits should get money and how much they should receive.

By Sacha Pfeiffer

Full Story: http://www.boston.com/business/articles/2007/12/14/fidelity_program_encourages_good_will/