Fidelity Charitable promotes Danforth to president

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

Feb 26, 2014 @ 12:42 pm

By Darla Mercado

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.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

How 401(k) advisers can use 'centers of influence' to grow their business

Leveraging relationships with accounting, benefits, and property and casualty insurance firms can help deliver new business leads for retirement plan advisers.

Latest news & opinion

Things are looking up: IBDs soared in 2017

With revenue up, interest rates rising and regulation easing, IBDs are soaring.

SEC advice rule may give RIAs leg up over broker-dealers

Experts say advisers will be able to point to their role as fiduciaries as a differentiator in the advice market.

Brokers accept proposed SEC rule on who can call themselves an adviser

Some say the rule will clear up investor confusion, but others say the SEC didn't go far enough.

SEC advice rule: Here's what you need to know

We sifted through the nearly 1,000-page proposal and picked out some of the most important points.

Cadaret Grant acquired by private-equity-backed Atria

75-year-old owner Arthur Grant positions the IBD for the 'next 33 years.'

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print