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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


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TAGS: Philanthropy
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