Sponsor Donation Recommendations
DAFScore™ : 4.75
Rank : 4.75
AUM
$26.4B
Number of Accounts
90,449
Minimum Balance
$0
Initial Contribution Minimum
$0
Grant Minimum Amount
$50
Grant Timing
Within 1 Week
Investment Options
More than 10
Administrative Fee
0.6 - 0.9%
Founded in 1999, Schwab Charitable's mission is to increase giving in the U.S. with donor advised funds and philanthropic services that make charitable giving tax-smart, simple and efficient.
DAF Details
International Granting
Accepts Illiquid Contributions
Ability of 3rd Party Advisors
Political or Religious Affiliation
Sell Their Own Financial Products
Tax Requirements
Minimum Grant Frequency Requirement
Provides Anonymity if Requested
Transferability to Another Sponsor
No History of Security Breaches
Customer Service Resources & Quality of Service
Good
Online Access and Ease of Use
Great
More Information
Sponsor Organization
Charles Schwab Corporation
Sponsor Donation Recommendations
None
International Granting
Schwab Charitable donors have three effective ways to give to causes, regions, and crises throughout the world: 1.) Give to U.S.-based charities doing international work. 2.) Give through intermediaries that facilitate direct grants to international charities. 3.) Give directly to qualifying foreign charities through the the Schwab Charitable Direct Global Giving Program (open to all account holders, regardless of account balance).
Accepts Illiquid Contributions
The most common contributions are cash and appreciated unrestricted publicly traded securities, including stocks, exchange-traded funds (ETFs), mutual fund shares, and bonds. Appreciated non-cash assets—such as restricted or privately held stock, private equity, hedge funds, real estate, and tangible personal property—are accepted on a case-by-case basis.
3rd Party Advisors
Primary account holders can appoint up to five people to serve as secondary account holders. Each account holder (both primary and secondary) has full and equal account access and advisory (not ownership) privileges.
Political or Religious Affiliation
Schwab Charitable is independent of any religious or political organizations.
Sell Their Own Financial Products
None
Tax Requirements
Schwab Charitable requires that its total annual grants in aggregate must be at least 5% of the average net assets of all accounts (on a fiscal five-year rolling average basis).
Minimum Grant Frequency
A grant must be made at least every 2 and a half years.
Overall Grant Restrictions
Schwab Charitable will not make grants to private non-operating foundations or non-functionally integrated supporting organizations as defined by the IRS. Other restrictions may apply.
Provides Anonymity
You can customize your donations with personalized grant letterhead—featuring the name of your account—or choose to remain anonymous.
Investment Options
Schwab Charitable offers a choice of 15 diverse investment pools from leading fund companies, carefully screened by the experts at the Schwab Center for Financial Research.
Transferability to Another Sponsor
Assets can be transfered to another DAF sponsor that is also a 501(c)(3) charitiy.
History of Security Breaches
Between May 18, 2021 and December 16, 2021, certain email and chat messages sent through Schwab.com containing customers’ personal & financial information were inadvertently sent to external email addresses.
Administrative Fees
0.60% on the first $500,000; 0.30% on the next $500,000; 0.20% on the next $1,500,000; 0.15% on the next $2,500,000; 0.13% on the next $5,000,000; 0.12% on the next $5,000,000; 0.10% on $15,000,000+
Customer Service
Dedicated team for support. •800-746-6216 •ask@schwabcharitable.org
Online Access & Ease of Use
Online platform and Mobile App
Latest News
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