Fidelity Boosts Philanthropic Resources for Family Offices

Fidelity Family Office Services announced Monday that through an alliance with Foundation Source it has expanded the resources available for philanthropic planning for family offices.

Back-office administration tools and online platform, as well as experienced specialists in philanthropy and foundation advice, are all now accessible to family offices working with Fidelity. Those offices will find improved flexibility in management of private foundations, in areas including administration and reporting as well as coordinating investment management with tax preparation and compliance reporting.

Edward J. Orazem, president, Fidelity Family Office Services, said in a statement, "In an age where charitable dollars are tight, yet the call for philanthropy is on the rise, family offices are becoming even more strategic in their giving. Family offices also are looking to ensure their charitable structure is maximizing their ability to meet their philanthropic goals."