This is a transcript of unscripted speech, rather than written prose, and therefore should not be relied on for grammatical accuracy. This is not a verbatim transcript. Parts have been slightly modified to improve readability.
How to open an account
Welcome to a simple, efficient, and tax smart way to give. Opening a Schwab Charitable account online takes 15 minutes for most donors.
Here’s what you need: an address, Social Security number, date of birth, contact information, and signature for each account holder. You must also agree with our Program Policies.
Let’s review the process step by step, starting on our website, schwabcharitable.org. At the upper right, go to Open an Account, then click Start the Online Application. You can either enter your Schwab login ID and password or select I’m New to Schwab.
First, you’ll provide your personal information. Next, create your personalized account name and indicate the source of funds for your account contributions. Note that there is no minimum initial contribution to open your account and you can make contributions at any time.
Want to add others to your account? That’s easy. Select Yes, click Next, and enter secondary account holder details, including email addresses. All account holders must complete the application process before your account is opened.
At this point, you can choose to receive account documents electronically through email. You can also create a succession plan by naming individuals to take over the account or charities to receive account assets after your lifetime.
In addition, you may invest your contributions for potential growth that’s tax-free. Choose from a wide range of investment pools based on your specific goals.
Now, simply review our Terms and Conditions, provide your consent in three areas, and click Submit. Your application is set in motion. Any additional account holders will receive an email and have 10 days to complete their portion of the application using the four-digit PIN you entered. Once your account is open, you and any additional account holders will receive a welcome email.
Congratulations! You’ve taken the first step toward maximizing the impact of your charitable giving. If you have any questions, just ask. We’re here to help.