Who We Are
Our History of Charitable Giving
Schwab Charitable has been facilitating tax-smart and strategic philanthropy since 1999. Highlights of our history include:
1999
Schwab Fund for Charitable Giving® was established as a donor-advised fund to encourage strategic charitable giving.
2003
We introduced our professionally-managed account, which allows donors to recommend an independent investment advisor to manage the donated assets in their donor-advised account1. We were the first leading national donor-advised fund to offer this feature.
2004
We began to facilitate (through a charitable intermediary) tax-deductible donations of real estate, private-equity investments, and other non-cash assets, giving donors increased opportunities to donate appreciated assets2.
2006
We introduced the ability for donors to create charitable trusts to generate income while also contributing to charity and receiving immediate tax benefits. We also aligned our offers around the new Schwab Charitable name to reflect our broadened philanthropic service offering.
2008
We introduced our innovative Double Give Program. The Double Give Program allows participants to stretch their philanthropy even further by recommending that a portion of their donor-advised accounts be set aside to guarantee microfinance loans to the world's poorest entrepreneurs, while leaving donated assets in the account invested for potential growth and future granting.
2009
We launched our new investment pools. The investment line-up includes a broad range of highly regarded mutual fund families, including American Century, Janus, Manning & Napier, Parnassus, PIMCO and Schwab. The underlying investments for these pools include index and actively-managed funds as well as a socially responsible fund. All were selected as among the best in class by Schwab Charitable using extensive research provided by the Schwab Center for Financial Research.
We also introduced a Private Foundation Conversion Service for those wishing to explore whether a donor-advised fund might be an appropriate vehicle to help to facilitate their philanthropy, including a simple ten question self-assessment survey.
We also introduced a Private Foundation Conversion Service for those wishing to explore whether a donor-advised fund might be an appropriate vehicle to help to facilitate their philanthropy, including a simple ten question self-assessment survey.
2011
We established our Charitable Legacy Program for donors who wish to ensure their charitable giving extends beyond their lifetime. As many as six charitable organizations can be recommended as grant recipients, each to receive a percentage of the remaining donor-advised account balance over time after the donor's death.
1. Professionally-managed accounts are available only through independent investment advisors working with Schwab Advisor ServicesTM, a business segment of The Charles Schwab Corporation serving independent investment advisors and includes the custody, trading and support services of Charles Schwab & Co., Inc.. While donors may recommend an advisor, the Fund must approve the recommendation. Advisors must meet certain eligibility requirements and adhere to Fund fee and investment guidelines. You may request a copy of the investment guidelines by calling us at (800) 746-6216.
2. A donor’s ability to claim itemized deductions is subject to a variety of limitations depending on the donor’s specific tax situation. Consult your tax advisor for more information
2. A donor’s ability to claim itemized deductions is subject to a variety of limitations depending on the donor’s specific tax situation. Consult your tax advisor for more information
Donors should carefully consider information contained in the prospectus for the registered underlying mutual funds, including investment objectives, risks, charges and expenses. You can request a prospectus by calling the Fund at (800) 746-6216. Please read the prospectus carefully before making contributions or recommending investment of funds.
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