Features of a Schwab Charitable™ donor-advised fund account

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, tax-smart way to give.

Opening a Schwab Charitable account only takes about 10 minutes.

There is no minimum initial contribution to open an account.

Let’s review the account open process step by step.

From our website, go to Open an Account and click Complete the application online.

Either select I’m new to Schwab, or simply log in with your existing ID and Password.

First, you’ll review your personal information.Next, create your personalized account name and indicate the source of funds for contributions.

Want to add others to your account? That’s easy. Select Yes, click Next, and go on to provide additional account holder details including email addresses.

You can invest your funds based on your specific goals by choosing from an array of investment pools.

Now simply check the box to provide your consent, and hit Submit.

Your application is set in motion, and any additional account holders have 10 days to complete their part using the 4-digit PIN emailed to them.

Once your account is open, you’ll 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.

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 contribute to an account

Once your Schwab Charitable account is open, you’re ready to contribute.

Remember, any contribution you make is an irrevocable gift to charity.

Here are four convenient ways to contribute to your account.

You can transfer funds or securities from another account.

You can contribute appreciated non-cash assets or investments, such as non-publicly traded securities, privately held interests, or real estate.

You can send a check or transfer funds electronically.

And you can consolidate your charitable accounts by requesting a grant from an existing donor-advised fund or private foundation.

Already a Schwab brokerage client? Transferring funds or securities from one Schwab account to another is easy.

Log into Schwab.com and access your Schwab Charitable account.

Click Contribute to My Account. Then From a Schwab Account.

Indicate the number of shares, enter Cost Basis information if applicable, and hit Continue.

Want to contribute assets from outside accounts? Simply select From a Non-Schwab Account.

Complete and sign the transfer of assets form, and return it to Schwab Charitable by mail, fax, or secure message.

You’ll receive an email confirming your contribution request and, upon deposit, a receipt to be used for taxes.

That’s all there is to it. If you have any questions, just ask. We’re here to help.

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 invest and rebalance

A popular feature of a Schwab Charitable account is your ability to recommend how the assets are invested.

Once your account is opened and funded with a minimum initial contribution of $5,000, you can select from an array of investment pools based on your specific goals.

Or, with a balance of $250,000 or more, you can have your financial advisor manage the account.

If you’re managing your own account, rebalancing the investment pools is simple and straightforward.

Just go to Rebalance Investments.

Make your new allocations, review and hit Submit.

You’ll receive an email confirmation that your rebalance request has been received.

And if you have any questions, just ask. We’re here to help.

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 recordkeeping works

With Schwab Charitable, it’s easy to keep track of contributions and grants online… and you can access your records at any time—including tax season.

Here’s how it works. On your Account Overview page, you’ll see recent charitable grants and contributions.

Further down the page is an overview of your giving history.

To find quarterly statements and past grants, visit History and Statements.

Here, you can check the status of a grant recommendation. And go even deeper to see if your grant check has cleared.

Your Contribution History houses transaction confirmations, which can be used for tax reporting purposes.

And you can look in Account Letters for a copy of your annual account summary.

Not finding what you need? If you have any questions, just ask. We're here to help.