The #UnmaskingFidelity coalition is committed to challenging Fidelity’s role in funneling millions of dollars through Donor Advised Funds to white supremacist, anti-Muslim, anti-Black, anti-LGBTQ, anti-immigrant organizations. The coalition is led by a core strategy team including:
In February 2019, we found out that millions of dollars in Fidelity Charitable’s Donor-Advised Fund were fueling anti-immigrant, anti-Muslim, and anti-LGBTQ+ groups. We came together to form a coalition to get Fidelity to denounce their support of white supremacist and fascist violence, and to immediately implement a screen.
In the summer and fall of 2019 – we organized creative actions outside of Fidelity HQ, and delivered a letter to Fidelity executives. We asked Fidelity CEO Abigail Johnson to adopt a moral clause that filters out groups who are involved in white supremacist violence. So far, she has refused. Fidelity Investments claims that “throughout Fidelity, you’ll find a genuine commitment to social responsibility.” And recently, Abigail Johnson claimed that she is “heartbroken and angry that racial discrimination and inequality continue to plague our society.”
In 2021, we joined forces with ACRE in demanding Fidelity Charitable #StopFundingFascism in the wake of the January 6th insurrectionist attack on the Capitol. We are committed to exposing Fidelity Charitable’s role in enabling white supremacist violence, including the Capitol riots. Funding from Wall Street corporations like Fidelity Charitable supported the perpetrators of the insurrection. It’s past time for Fidelity Charitable to own up, yet they still haven’t responded to our letter.