Fiduciary Trust Charitable (FT Charitable) was established in 1990 as a 501(c)(3) public charity under the name Fiduciary Charitable Foundation. Its initial purpose was to facilitate annual charitable giving from Fiduciary Trust Company clients to charities.
Recognizing interest among individuals, family offices, external advisors, nonprofits, and others for donor-advised funds, FT Charitable expanded its offering to include donor-advised funds and related services. As part of the transition in 2017, FT Chartable established an independent Board of Trustees. The trustees hired Fiduciary Trust Company, which has over $22 billion in assets under supervision, to provide administrative services for the DAF program. For investment management services FT Charitable works with Fiduciary Trust Company as well as a growing number of other investment advisors.
Since launching its donor-advised fund program, FT Charitable has served a wide range of donors and demonstrated significant flexibility and innovation in meeting donors' needs. In 2020, FT Charitable was recognized with a Stevie Award by American Business Awards for innovation in its donor-advised fund program.