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How to contribute to an account
Once your Schwab Charitable Account is open, you’re ready to contribute assets to it. Remember, any contribution you make is an irrevocable gift to charity.
There are four convenient ways to contribute to your account. You can transfer cash or publicly traded securities from another account. You can contribute non-cash assets that are not publicly traded, such as privately held business interests, real estate, and cryptocurrency. You can send checks or securities through mail, request an electronic funds transfer, or initiate a wire transfer. And you can request a grant from another donor-advised fund account or a private foundation.
Already a Schwab client with a brokerage account? Contributing publicly traded securities or cash from that account is easy. Log in to your Schwab Charitable account. Click Contribute, and select the Schwab account that will be the source of your contribution. Find the shares or lots you wish to contribute. Indicate the number of shares or select Lots and click Next. Last, acknowledge your agreement with the Terms and Conditions and click Submit.
Want to contribute cash or publicly traded securities from outside accounts? Click on the Schwab Charitable Transfer of Assets form. Complete and sign the form, and return it to Schwab Charitable by mail, by fax, or through a secure message while online. And if you want to mail checks or securities, or do an electronic funds transfer or wire transfer, you’ll find instructions at the end of the Transfer of Assets form. Please note that contributions of other non-cash assets are considered by Schwab Charitable on a case-by-case basis.
Whichever way you contribute, you’ll receive notification about your contribution and a receipt that can be used for taxes.
If you have any questions, just ask. We’re here to help.