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More than $1 billion was distributed to over 58,000 charities on behalf of individual donors

January 26, 2016, SAN FRANCISCO – Schwab Charitable, one of the nation's largest donor-advised fund providers, distributed over $1 billion in charitable grants on behalf of its donors in 2015. This represents a 15% increase over the prior calendar year. Over 58,000 charities received grants, and Feeding America, Doctors without Borders, Red Cross and The Salvation Army were among those most widely supported.

"We are so thankful that our donors continued to give generously in 2015 even as stock markets became more volatile," said Kim Laughton, president of Schwab Charitable. "For charities across the spectrum of causes, donor-advised funds encourage philanthropy and help people donate more. At Schwab Charitable, we continue to look for ways to increase charitable giving, as we did last year by making it even more simple and cost-effective to contribute complex assets and grant internationally."

Although Americans are among the most generous people in the world, total charitable giving has hovered around 2% of household disposable income for forty years.1 Working together with donors, advisors and charities, Schwab Charitable aims to help giving rise beyond 2% of disposable income in the future. In a recent survey, over 65% of Schwab Charitable donors said that they give more than they otherwise would because they have a donor-advised fund account. (Read more about our perspective on increasing charitable giving here.)

Contributing appreciated assets to a public charity (including to a donor-advised fund account) allows donors to potentially eliminate capital gains tax on the sale of those assets and thereby increase their giving by as much as 20%.2 Almost two thirds (63%) of contributions to Schwab Charitable accounts in 2015 were appreciated assets, including publicly traded stock and more complex assets, such as restricted stock, privately held shares (C-Corp, S-Corp, and limited partnership interests), initial public offerings, real estate, private equity and hedge fund interests.

Schwab Charitable's mission is to increase charitable giving by making it convenient and tax-smart. In 2015, Schwab Charitable expanded its support for international granting and eliminated basic consulting and processing fees for the most common types of complex assets donated to charity3.

More information about the benefits of donating various forms of appreciated assets to a Schwab Charitable donor-advised fund account is available online, and information about Schwab Charitable's Global Giving Program is available here.

About Schwab Charitable
Schwab Charitable is a donor-advised fund established as a service for individual investors to help increase their charitable giving. Since inception, Schwab Charitable has facilitated over $6 billion in grants to more than 104,000 charities on behalf of its donors. Schwab Charitable serves a wide range of investors and has been a pioneer in enabling registered investment advisors to manage the investments of donor-advised fund accounts4. Schwab Charitable also offers a private foundation conversion service for private foundations considering a donor-advised fund as a complementary or alternative charitable vehicle. For more information, visit .