Biography of Karla Valas
Fidelity Charitable Gift Fund
82 Devonshire Street
Boston, MA 02109
+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.
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.
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.