Skip navigation
TE-philanthropy.jpg

Fairbairn v. Fidelity Investments Charitable Gift Fund: Case Decided But Policy Issues of Donor-Advised Funds Will Remain in Spotlight

Christopher P. Woehrle discusses the court’s decision against the donors and in favor of Fidelity

In an eagerly awaited decision, the U.S. District Court for the Northern District of California ruled in Fairbairn v. Fidelity Investments Charitable Gift  Fund (Case No. 18-cv-04881-JSC (Feb. 26, 2021)) that Malcolm and Emily Fairbairn didn’t prove that Fidelity Charitable Gift Fund (Fidelity Charitable) broke its promises or engaged in negligent trading with regard to its contribution to Fidelity Charitable’s donor-advised fund (DAF). The Fairbairns had claimed that Fidelity

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

TAGS: Philanthropy
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish