Schwab Charitable Announces Expanded Investment Alternatives and New Advice Tool

Line-Up Includes Broad Range of Highly Regarded Fund Families

Wednesday, August 5, 2009 9:40 am PDT



Public Company Information:

"It can enable clients to eventually give more money to charity by providing them greater flexibility to meet the growth objectives of their charitable gift accounts."

SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the country's largest national donor-advised funds, announced today an expanded selection of investment pools for its Charitable Gift Accounts. The new investment line-up includes a broad range of highly regarded mutual fund families, including American Century, Janus, Manning & Napier, Parnassus, PIMCO and Schwab.

Schwab Charitable’s twelve investment pools include three asset allocation pools (which enable a diversified investment strategy with one investment) and nine individual investment pools (for those who prefer a customized investment strategy that combine pools with differing objectives). The underlying investments for these pools include index and actively-managed funds as well as a socially responsible fund. All were selected as among the best in class by Schwab Charitable using extensive research provided by the Schwab Center for Financial Research.

"We are proud of the breadth and quality of underlying investments in this new expanded offer, which include some of the highest rated mutual funds in their categories,” said Schwab Charitable President Kim Wright-Violich. “Given the recent volatility in the markets, it is more important than ever to ensure that Charitable Gift Accounts are appropriately invested to meet philanthropic goals, and we also expect our new advice tool to be very helpful to donors," she added.

In conjunction with the launch of its new investment options, Schwab Charitable will also make available an easy-to-use tool to help donors recommend an appropriate investment allocation for their accounts based on their time horizon, granting behavior and risk tolerance. It is the first tool of its kind specifically designed for Charitable Gift Accounts.

"We welcome this effort to offer a broader set of investment options", said Tim Kochis of Aspiriant, an investment advisory firm with more than $4 billion in assets under management. "It can enable clients to eventually give more money to charity by providing them greater flexibility to meet the growth objectives of their charitable gift accounts."

Donor-advised funds are one of the fastest growing charitable giving vehicles in the United States. They save donors time, simplify recordkeeping for charitable tax deductions, and are lower cost, easier to use and offer more privacy than other charitable vehicles.

Wright-Violich noted that, despite the recession, grants to charities from Schwab Charitable increased six percent during the fiscal year ending June 30, 2009. “This increase demonstrates that donor-advised funds can act as a charitable reserve. They enable donors to recommend grants to charities from money set aside in better times to help buffer some of the volatility of revenues charities often experience that can undermine their stability.”

"In an environment in which philanthropy is more important than ever, I am continually impressed by the generosity of Schwab Charitable donors and pleased that we can facilitate their giving,” she continued. “In order for us to continue to keep donors in a position where their capacity to give is resilient, we need to constantly monitor and improve our investment options, and that is precisely what these additions are all about.”

About Schwab Charitable

Schwab Charitable is an independent nonprofit and national donor-advised fund founded by Charles Schwab & Co. that has raised over $3.75 billion and made more than $1.5 billion in grants to charity since inception. Individuals can open a Charitable Gift Account with a charitable contribution of as little as $5,000. For more information, visit or call 1-800-746-6216.

Schwab Charitable has entered into service agreements with certain affiliates of The Charles Schwab Corporation. The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.

Prospectuses for the registered underlying mutual funds are available from the Fund upon request. Donors should read prospectuses carefully before making contributions or recommending investment of funds. Market fluctuations may cause the value of investment pool shares held in a Charitable Gift Account to be worth more or less than the value of the original contribution to the pools. Past performance does not guarantee future performance.


Schwab Charitable
Kim Laughton, 415-636-7663
Communications Strategy Group
Morrison Shafroth, 720-470-3653

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