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This profile was last updated on 2/7/14  and contains information from public web pages and contributions from the ZoomInfo community.

Ms. Karla D'Alleva Valas

Wrong Karla D'Alleva Valas?

Vice President and Managing Direc...

Fidelity Charitable Gift Fund
82 Devonshire St
Boston, Massachusetts 02109
United States

Company Description: The Fidelity® Charitable Gift Fund ("Gift Fund") is an independent public charity, established in 1991 with the mission to further the American tradition of...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • juris doctorate
    New England School of Law
  • bachelor of arts degree , chemistry and sociology
    Mount Holyoke College
  • master of laws degree , taxation
    Boston University School of Law
29 Total References
Web References
Karla D'Alleva ...
www.fidelitycharitable.org, 7 Feb 2014 [cached]
Karla D'Alleva Valas
...
Karla D'Alleva Valas
Karla D'Alleva Valas is managing director of the Complex Asset Group for Fidelity Charitable, an independent public charity with a donor-advised fund program.
In her current role, Ms. Valas manages a team of attorneys that bring deep knowledge and technical expertise to donors who wish to contribute sophisticated assets, such as privately held C-corp or S-corp shares, to charity. Ms. Valas and her team work directly with donors, their advisors, and corporate and business lawyers to facilitate charitable transfers of these assets to achieve the most favorable tax treatment with the greatest charitable impact.
Prior to overseeing the Complex Asset Group for Fidelity Charitable and its unique service offering, beginning in 2001, Ms. Valas was Fidelity Charitable's chief compliance officer responsible for providing integrated tax, legal and compliance support for the donor advised fund program.
Ms. Valas joined Fidelity Investments in 1998, serving in various roles before supporting Fidelity Charitable. Previously, Ms. Valas was an appellate court attorney for the New York Supreme Court Appellate Division Third Judicial Department.
Ms. Valas earned her bachelor of arts degree in chemistry and sociology from Mount Holyoke College and a juris doctorate from the New England School of Law. She also earned a master of laws degree in taxation from Boston University School of Law. She is admitted to practice law in the Commonwealth of Massachusetts and the State of New York. Ms. Valas is an active member of the Junior League of Worcester, Inc., where she is a past president and also served as vice president of finance and treasurer.
Donating Complex Assets to Charity | Fidelity Charitable
www.fidelitycharitable.org, 24 May 2012 [cached]
Karla D'Alleva Valas
When Does it Make Sense to Donate Real Estate to Charity (PDF)
...
By Karla D'Alleva Valas, Managing Director, Complex Asset Group, Fidelity Charitable
Karla Valas
www.advisorsinphilanthropy.org, 6 June 2010 [cached]
Biography of Karla Valas
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Karla Valas
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Karla Valas
Fidelity Charitable Gift Fund 82 Devonshire Street
Boston, MA 02109
Karla.Valas@FMR.com
+1 (617) 563 7946
Karla D'Alleva Valas is vice president and chief compliance officer for Fidelity Charitable Services (FCS), a division of Fidelity Investments, the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans and a leading online brokerage firm. FCS is a leader in providing charitable solutions to financial advisors and their clients, helping them to achieve their philanthropic goals.  Karla also serves as secretary and chief compliance officer for the Fidelity Investments® Charitable Gift Fund, the nation's fourth largest public charity.
Ms. Valas assumed her current position in July 2001 and is responsible for providing integrated tax, legal and compliance support to FCS associates in the philanthropic practices and the tax-exempt donor-advised fund market.  Overall, Ms. Valas is responsible for managing risk for the FCS organization and the Fidelity Charitable Gift Fund.  Ms. Valas is responsible for advising the Gift Fund, its Board and Officers on a variety of tax, legal, compliance and governance matters, specifically with regard to tax-exempt donor advised funds. In addition Ms. Valas works with Gift Fund donors and their tax, legal, investment and philanthropic advisors to facilitate charitable donations, including donations of non-publicly traded assets with varying levels of complexity.
Previously at Fidelity, Ms. Valas was director in the compliance group for Fidelity Institutional Retirement Services Company (FIRSCo). In this role, she was responsible for managing a team of compliance associates that reviewed marketing materials and system enhancements for retirement plan sponsors. Prior to joining Fidelity in 1998, Ms. Valas served as an appellate court attorney for the New York Supreme Court Appellate Division from 1996 to 1998.
Karla holds an LL.M. in Taxation from Boston University School of Law, a J.D. from New England School of Law and a B.A. from Mount Holyoke College. She is admitted to practice in New York State and the Commonwealth of Massachusetts.  Ms. Valas is a past president of the Junior League of Worcester, Inc., where she also served as vice president of finance and treasurer.  
Fidelity Charitable Helps Clients Donate Complex Assets to Maximize Giving | Fidelity Charitable Gift Fund
www.fidelitycharitable.org, 3 June 2011 [cached]
"While gaining in popularity, there is still a broad lack of understanding of the benefits and the option of donating these assets to charity, and a perceived complexity around the process for doing so," said Karla Valas, managing director of the Gift Fund's Complex Assets Group. "The Gift Fund has the in-house resources to make this process simple for donors and advisors and has built an expertise in this area since our inception 20 years ago."
Valas added that with the recent significant growth in donations of these assets, the Gift Fund has expanded its staff of internal experts in complex assets to provide technical guidance for advisors and donors through its consultation service and advisor seminars.
Complex assets are typically highly appreciated and donating them to charity before a potential sale transaction allows the donor to minimize capital gains tax on the sale of the asset. In addition, by donating these assets to a public charity, like a donor-advised fund, donors can deduct the current market value of the asset.
"Donor-advised funds are uniquely suited to accept donations of illiquid assets especially when a donor has a time-sensitive need, wants to fund multiple charities and/or hasn't decided on charitable recipients," said Valas.
Karla D'Alleva Valas, ...
www.worth.com, 31 May 2013 [cached]
Karla D'Alleva Valas, Managing Director, Complex Asset Group Fidelity Charitable®
Why is cash not always the best asset for me to donate to charity? By Karla D'Alleva Valas
...
Karla D'Alleva Valas Fidelity Charitable® 200 Seaport Boulevard Boston, MA 02210 800.682.4438
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