Program PoliciesDownload Printable PDF
Please read our program policies carefully before making your final decision to open a donor-advised account with us. While all of the information contained within our program policies is important, this page highlights the points that are especially noteworthy. For a complete list of financial reports and additional policies, visit our Ethics & Governance page.
- All contributions to Schwab Charitable Fund are irrevocable. Assets in donor-advised accounts and income earned on those assets are the property of the Fund and must be used for charitable activities.
- Donor-advised accounts incur both investment expenses, which vary depending on the investment pools in which the Account is invested, and an administrative fee for charitable services.
- The minimum annual administrative fee is $100, regardless of balance.
- Grants from Schwab Charitable Fund may not be used to satisfy a charitable pledge or obligation.
- Grants from Schwab Charitable Fund may not be used to pay for goods or services of value received by the Donor or any other person affiliated with the Donor.
- Grants from Schwab Charitable Fund may not be used to pay for any portion of a split or bifurcated disbursement to a charity. A split or bifurcated payment refers to the splitting of a payment to a charity, such as for tickets to an event, into two parts: the deductible portion and the non-deductible portion. (If attendance at an event [or the receipt of any other benefit] is contingent on receipt of a grant from a donor-advised account, Schwab Charitable Fund will not approve the grant recommendation.)
- Grants from Schwab Charitable Fund may not be made to individuals or private non-operating foundations.
- Grants from Schwab Charitable Fund may not be delivered by the Donor to the charitable recipient.
- For donations of publicly-traded securities, Schwab Charitable Fund will seek to sell the securities promptly and obtain the price available at the time of the sale.
- Investments fluctuate and may gain and/or lose value.