Acting President Kim Laughton Appointed President; Carrie Schwab-Pomerantz Elected Chairman of Board
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest national donor-advised fund organizations1, has announced two important leadership appointments, effective January 1, 2012. Kim Laughton has been appointed president of Schwab Charitable and Carrie Schwab-Pomerantz has been elected chairman of the Schwab Charitable Board.
Laughton, a 16-year veteran of Schwab and Schwab Charitable, takes on the role of president following her interim role the past six months as acting president. She joined Schwab Charitable in 2007 and led the organization’s strategy, product management, web development and marketing efforts before moving into her current role. Prior to that, she held a number of product management and marketing leadership positions at Charles Schwab & Co. over a 12-year period. She is actively involved in her community and sits on the board and chairs the investment committee for the Educational Foundation of Orinda.
As Schwab Charitable’s chairman of the board, Schwab-Pomerantz brings extensive experience in leadership across philanthropic, educational and financial services organizations. A 20-plus year veteran at Charles Schwab & Co., Inc., in a variety of capacities, she is currently president of Charles Schwab Foundation, a private, nonprofit organization funded by The Charles Schwab Corporation. She was appointed in 2010 by President Obama to the President’s Advisory Council on Financial Capability, and serves as chair of the Council’s Partnership Committee and sits on the Youth Committee. She was also recently elected to the Board of Governors for Boys & Girls Clubs of America, and serves on the board of the International Women’s Forum Leadership Foundation.
Schwab Charitable, through its donor-advised fund, allows individuals – small and large donors alike – to contribute cash or appreciated assets to a charitable account to realize the greatest possible tax benefits, while supporting their favorite charities.
About Schwab Charitable
Created as a national donor-advised fund with a mission to increase charitable giving nationwide, Schwab Charitable has raised over $5.8 billion and has facilitated over $2.7 billion in grants to charities on behalf of its donors since inception. Serving a wide range of philanthropic investors, Schwab Charitable manages account sizes from $5,000 to over $400 million. It was a pioneer in enabling investment advisors to manage the investments of donor-advised accounts and remains the leading provider of such professionally managed accounts. Schwab Charitable also offers a private foundation conversion service for private foundations considering donor-advised funds as a complementary or alternative charitable vehicle. Schwab Charitable’s Double Give Program allows donors to recommend that a portion of their donor-advised accounts be set aside to guarantee microfinance loans to the world's poorest entrepreneurs, while leaving donated assets in the account invested for potential growth and future granting. For more information, visit www.schwabcharitable.org.
(1) Philanthropy 400 data published by the Chronicle of Philanthropy, based on net assets for the period ending June 30, 2010, collected from IRS 990 annual returns
The Charles Schwab Foundation is a nonprofit, private foundation, classified by the IRS as a charity under section 501(c),(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company The Charles Schwab Corporation.
Schwab Charitable is the name used for the combined programs and services of Schwab Charitable Fund, an independent nonprofit organization, and Schwab Charitable Trust Services, a limited liability company owned by Schwab Charitable Fund. The Fund has entered into service agreements with certain affiliates of The Charles Schwab Corporation.
©2012 Schwab Charitable Fund. All Rights Reserved.