Fidelity Charitable promotes Danforth to president

Changing of the guard comes as Sarah Libbey moves to managing director role at Fidelity Investments

By Darla Mercado

Feb 26, 2014 @ 12:42 pm (Updated 1:20 pm) EST

Amy N. Danforth
Amy N. Danforth

Amy N. Danforth has been promoted to president of Fidelity Charitable, an independent charitable organization that also features a donor-advised program.

In the new post, Ms. Danforth will handle Fidelity Charitable’s daily operations.

“As more donors adopt donor-advised funds to support their philanthropy, it also becomes more important for nonprofits to understand who these donors are and how they give,” she said in a statement. “So we will continue to advance our initiatives to educate and support nonprofits to allow them to better tap into the growing number of donor-advised fund donors.”

Ms. Danforth’s predecessor, Sarah Libbey, will be taking a post at Fidelity Investments as a managing director, according to Fidelity Charitable spokeswoman Kimberly Gagliardi. Ms. Libbey will act in an advisory capacity to Fidelity Charitable during the changing of the guard.

Ms. Danforth previously spent about five years as the senior vice president of marketing and program at Fidelity Charitable. Her day-to-day work in that capacity included executing marketing and research strategy.

Ms. Danforth is a long-time veteran with Fidelity. She started with Fidelity Investments Institutional Services Co. in 1986 as a sales representative and ascended to different positions over the course of 14 years. In 2000, she left to work for Boston Private Financial Holdings Co., a private-banking group, for five years. In 2005, she made a return to Fidelity, this time as vice president for board operations at Fidelity Management & Research Co.

The executives are still settling into their new posts and are not yet ready to comment in detail on their new goals in these positions, Ms. Gagliardi said.