Jean: I'm Jean. I'm a third generation Japanese-American. My grandparents on both sides came from Hiroshima. They worked on the plantation.
I first came to the University of Hawaii at Manoa as a senior at Roosevelt High School. I'm the first grandchild to graduate from college.
I climbed the ladder of success at the university, went from instructor to professor.
Without scholarships, we wouldn't have been able to have the careers and the life that we’ve had. And so I've always wanted to give back to the University of Hawaii and Schwab Charitable is allowing me to do that.
Cathy: Schwab Charitable adds a lot to the Rice Partnership. As a firm, we believe in helping the community.
I had heard about Schwab Charitable before, but I never thought that we had enough money to really have a charitable fund.
Cathy: There is no minimum to start the account. I truly feel if anybody has given to a nonprofit before, it is a great account to have.
Jean: Tuition was getting more and more expensive. I had a sister-in-law who was also inclined to be generous and I said, “Why don't we start a scholarship?”. We got help when we were students and so we want to show our gratitude in some kind of way.
Cathy: When you contribute funds to the account, you get the tax deduction if you're eligible for it for the year you contributed to the Schwab Charitable account. When you do grant funds from it, you can give an anonymous donation.
Jean: Donor advised fund helps us be anonymous in our giving, which is what we want to do. It's giving without fanfare, giving because well we think it's the right thing to do.
Cathy: It is a powerful way to give.