DAF giving 360

DAF giving 360
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

Sponsor Donation Recommendations

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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