Year-end contribution and granting guidelines
Year-end contributions
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8 Year-End Charitable Giving Strategies
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Benefits of donating non-cash assets
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Charitable granting guidelines
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Benefits of bunching contributions
Refer to the critical dates below to ensure that contributions are received and processed by December 31, the IRS deadline for yearly tax deduction eligibility. For some assets, these dates fall in November.
You must have your Schwab Charitable account established and open prior to submitting contributions. Please allow up to 14 business days to open the account prior to making your contribution. All forms must be received in good order. We will be closed for Thanksgiving on November 24, Christmas on December 26 and on Saturday, December 31.
Year End Giving
- Type of Contribution
- Contribution Action Needed
- Timing
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Type of ContributionAssets held at Charles Schwab & Co., Inc.Contribution Action NeededLog in to your Schwab Charitable Account, click on "Contribute to My Account" and follow instructions.orDownload and fax the Contribution Form (PDF).TimingContributions made online must be completed by 11:59 p.m. ET December 31.Faxes must be received by 11:59 p.m. ET December 31.
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Type of ContributionChecksContribution Action NeededDownload and mail the Contribution Form (PDF). Overnight or mail the check.TimingContribution Form and check must be postmarked by December 31.
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Type of ContributionWire transferContribution Action NeededSubmit a transfer request to the financial institution to wire the funds.For details see Delivery Instructions (PDF).TimingWires generally take two to three business days. Please check with your financial institution.The wire must be received by Schwab Charitable no later than 4:00 p.m. ET December 30.
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Type of ContributionMutual funds held at a firm other than Charles Schwab & Co., Inc.Contribution Action NeededComplete, print, and mail the Schwab Charitable Transfer of Assets (PDF) form.TimingProcessing times can vary but typically will take two to six weeks. To ensure proper processing, we suggest initiating this request by November 18.Assets must be received by December 30.
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Type of ContributionStock transfers from a non-Charles Schwab & Co., Inc. financial institutionContribution Action NeededComplete the Schwab Charitable Transfer of Assets (PDF) form and Instruct Schwab Charitable to initiate the transfer.orInitiate a transfer request to the firm holding the securities, and include Schwab's DTC number: 0164 from our Delivery Instructions (PDF).TimingProcessing times can vary but typically will take two to six weeks. Please check with your financial firm.Assets must be received by December 30.
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Type of ContributionPhysical stock certificates for publicly traded companiesContribution Action NeededDownload, complete and mail or fax the Contribution Form (PDF). Include an irrevocable stock or bond power form.Please note: This form is only needed if you can't endorse the certificate.TimingMust be postmarked by November 11.
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Type of ContributionControl and restricted stockContribution Action NeededCall Schwab Charitable800-746-6216.TimingProcessing times vary. To ensure proper processing, we suggest initiating request as follows:Stock restricted by legend (Physical SKL) must be received by November 11.Control/Affiliate book entry must be received by December 15.
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Type of ContributionCryptocurrencyContribution Action NeededCall Schwab Charitable800-746-6216.TimingCall by December 9.
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Type of ContributionOther illiquid assets including private company stock, hedge fund interests, private equity, real estate, etc.Contribution Action NeededCall Schwab Charitable800-746-6216.TimingProcessing times may vary based on asset.To ensure proper processing, we suggest initiating the request by Nov. 1 or at least 30 days prior to the proposed investment date.Assets must be approved by Schwab Charitable and transferred thereto by December 30.
Read important disclosures
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All forms MUST be received in good order.
*To ensure complete processing by year end given expected volume increases
The type of securities and how quickly the securities are transferred by the financial institution currently holding the investments may impact Schwab Charitable's ability to receive contributions by year end.
Please know that any distribution from your IRA account to a donor-advised fund is not a Qualified Charitable Distribution (QCD) for tax purposes.
2022 Year-End Granting Guidelines
In order for grants to be processed by year end, grant recommendations should be received by November 29. For efficient grantmaking, consider scheduling grants online now as a one-time or recurring grant.
Because you received a tax deduction when you contributed to your Schwab Charitable account, grants made from your account are not tax deductible.
In general, grants are processed in three to five business days however, processing may take longer toward the end of year. If grants are recommended to charities Schwab Charitable has granted to in the past 12 months, recommendations made after the deadline may still be processed by year end.
Action Needed
Log in to your Schwab Charitable account, select "grant" and follow instructions. Or download, print, and fax or mail the Recommend a Grant form.
Timing
To ensure processing by year end, grant recommendations† must be submitted by November 29.
Granting recommendation tips
- Increase granting efficiency by using the grant again feature for the charities you've given to previously.
- You may also sustain support for your favorite charities by scheduling recurring grants over an extended period of time. You may skip or cancel a grant at any time.
Date Footnote