Fiduciary Trust Charitable was established in 1990 as a 501(c)(3) public charity under the name Fiduciary Charitable Foundation (the Foundation). Its purpose was to facilitate annual charitable giving from Fiduciary Trust Company clients to charities. From 1990 until 2017, Fiduciary Trust Company served as the sole trustee of the Foundation.
Recognizing interest among clients, external advisors, non-profits, and others for donor-advised funds, the Foundation was restructured to enable it to offer donor-advised funds and related services. As part of the transition in mid-2017, an independent Board of Trustees was established for the Foundation. The trustees hired Fiduciary Trust Company to provide administrative services and investment management services. They also implemented the structure to allow approved, external advisors to manage assets of donor-advised funds established by their clients. The capability also exists for the Foundation to establish special donor-advised fund programs for specific non-profits to offer to their supporters.
The Fiduciary Charitable Foundation now operates under the name Fiduciary Trust Charitable, although government filings are typically under the name Fiduciary Charitable Foundation.