In the late 1990s, it became clear to me that investors needed a tool to help streamline their charitable giving. Our clients needed a solution that allowed them to approach their philanthropy as thoughtfully and effectively as they did their investments and savings.
So, in 1999 we established Schwab Charitable, a national donor-advised fund and independent public charity that helps clients maximize their giving through tax-efficient planning. Using their Schwab Charitable accounts, donors can contribute cash and appreciated assets they’ve held for more than one year, invest the proceeds for growth, and recommend grants to their favorite charities via an easy-to-use online platform. Read more about using a donor-advised fund.
The impact our clients have made over the years is profound. Since Schwab Charitable’s inception, donors have given $13 billion to 150,000-plus charities worldwide. If you’re looking for a simple, tax-smart approach to your philanthropy, learn more about Schwab Charitable. We’d be happy to help you define your charitable mission and support the causes you care about most.
Charles R. Schwab,
Founder & Chairman