Elizabeth l. johnson fidelity

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  • Elizabeth Johnson and Rob Ketterson

    FUNDING AREAS: Health, Arts & Culture, Preservation, Boston Community

    OVERVIEW: Elizabeth Johnson’s giving is difficult to distinguish her philanthropy from that of her family. She and her husband Rob do not appear to have a family foundation. Johnson serves on the board of Edward C. Johnson Fund, the family’s charitable foundation.  The Johnson family is a major donor to nonprofits in Boston and has given to Harvard, Historic New England and the Institute of Contemporary Art.

    BACKGROUND: Elizabeth L. Johnson graduated from Franklin Pierce University. Hergrandfather founded Fidelity Investments, where her sister Abigail now serves as CEO. Johnson founded Louisburg Farm, a stable of show jumping horses based in Wellington, Florida.

    Rob Ketterson graduated with a B.S. in computer engineering and marketing from University of Arizona and received his M.B.A. from MIT Sloan. He worked at Fidelity Ventures and is founding partner of Volition Capital in Boston.

    ISSUES:

    ARTS & CULTURE: The largest beneficiary of donations from the Johnson family by far has been the Brookfield Arts Foundation, which was established by Johnson’s father. The foundation, which purchases art and lends it to museums, has received more tha

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  • elizabeth l. johnson fidelity
  • Edward Johnson III

    American businessman (1930–2022)

    Edward Crosby "Ned" Johnson III (June 29, 1930 – March 23, 2022) was an American billionaire businessman who, along with daughter Abigail Johnson, owned and ran Fidelity Investments and Fidelity International until his death in March 2022. In April 2021, his net worth was estimated at US$8.2 billion.[1]

    Early life

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    Johnson was the son of Elsie Livingston Johnson and Edward C. Johnson II. He attended prep school at Milton Academy before transferring to Tabor Academy, and graduated with a bachelor's degree from Harvard College in 1954.[1]

    Career

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    After a stint in the US Army, he became a research analyst at Fidelity Investments in 1957, a company founded by his father in 1949. He later became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the famous Fidelity Magellan Fund from 1963 to 1977. He then became president of the company in 1972, and chairman and CEO in 1977.

    Johnson was the first to begin the practice of permitting check writing on money market funds. He was also the first to sell discount brokerage services to banks, insurance companies, and consumers. He supported and invested in automation of brokerage sales and operations.

    In a November 2016, memo