Schwab Charitable Donors Donated $4.4 Billion to Charity Through 945,000 Grants in 2021

SAN FRANCISCO–(BUSINESS WIRE)–Schwab Charitable™, one of the nation’s largest providers of donor-advised funds and other philanthropic services, reports that its donors supported 114,000 charities in 2021 through 945,000 grants totaling a record $4.4 billion. This represents a 20% increase in dollars given to charities and a 14% increase in the number of grants to charities compared to 2020.

“After the incredible outpouring of charitable support in 2020, we are humbled and grateful that our donors have extended their record generosity through 2021,” said Sam Kang, President of Schwab Charitable. “Our donors have shown the power of their generosity by resolutely committing to increase their support for worthy causes in all sectors and all regions. Grants topped $4 billion for the first time in Schwab Charitable’s history.

Donors act when needed

Schwab Charitable donors have grown to meet local, national and global needs in 2021 by expanding the scope of their giving and giving recipient charities more flexibility through unrestricted grants. Since 2019, Schwab Charitable donors have increased the proportion of grants not earmarked for a specific purpose. In 2021, these unrestricted grants reached 71% of the total, giving even more nonprofits greater flexibility to direct donations toward immediate needs.

Schwab Charitable donors recommended an average of 11 grants throughout the year to 14% more charities than the previous calendar year, and 63% of donors gave to an organization they don’t hadn’t supported before.

Donors have also increased the number of grants to organizations recommended by the Center for Disaster Philanthropy (CDP) 13% in 2021 compared to 2020. Schwab Charitable provides donors with lists of CDP-recommended charities supporting relief and recovery efforts for various crises around the world, including wildfires, tornadoes , hurricanes and other natural disasters, as well as humanitarian and health crises.

Donors were exceptionally active on Giving Tuesday, an annual day of international generosity that took place on November 30, 2021. They recommended more than 17,000 grants to charities, a 280% increase over the average daily in the fourth quarter of 2021.

Innovation helps donors maximize their impact

Schwab Charitable’s mission is to increase giving in the United States by providing an efficient and tax-smart donor-advised fund solution. and offering innovative tools and resources that maximize the giving power of donors and ultimately inspire them to give more. In 2021, 70% of donors said they gave more through their Schwab Charitable account.

Schwab Charitable has increased the efficiency of its platform with technology that accelerates funds to charities. In 2021, 82% of grant volume was processed through an automated review and approval process that eliminates manual reviews. Compared to 2020, the number of grants recommended through the Schwab mobile app jumped 32%, and 18% of donors set up recurring grants in 2021.

Schwab Charitable also provides many educational tools and resources to support donors, advisors, and nonprofit organizations. the Give with the Impact podcast series, developed with Stanford Social Innovation Review, brings together leading voices from across the philanthropic ecosystem to engage in ambitious yet practical conversations about achieving more effective philanthropy. Season 3 of the podcast debuted in June 2021.

Last year, Schwab Charitable created three resources to help donors increase their giving power and help nonprofits build relationships with donor-advised fund account holders:

  • Schwab Charitable Giving Guide: For donors and their families, Schwab Charitable has created the Giving Guide. It launched in 2021 and offers a comprehensive, interactive donation planner that has already been used by thousands of donors and their advisors.
  • Advisor Resource Center: A Toolkit for Financial Advisors was released in November with strategies to help advisors provide clients with a comprehensive structure to develop their giving strategy based on their clients’ philanthropic goals and priorities.
  • Fundraising Toolkit for Nonprofits: Schwab Charitable has strengthened its dedicated program web resources for nonprofit organizations and launched a nonprofit toolkit in late 2021 that offers eight tips for fundraising and building a donor base with donor-advised fund account holders.

“The fundraising toolkit is invaluable,” said David A. Brown, president of the Trippley Foundation, a youth-serving organization in Chester, Pennsylvania. “Our organization appreciates the resources provided by the Schwab Charitable team, who have helped our nonprofit organization prioritize fundraising from donor-advised funders. We took immediate action based on the advice in the toolkit and know it will be extremely helpful. »

Charitable planning offers benefits

More and more donors are taking a thoughtful and strategic approach to their charitable giving in order to achieve maximum philanthropic impact. Financial advisors are increasingly offering charitable planning to help clients incorporate philanthropy into their overall financial planning. In 2021, advisors helped support donors who disbursed 74% of all grants throughout the year.

One of the key elements of charitable planning is to assess the assets to be donated. In 2021, 67% of contributions to Schwab Charitable were in the form of non-cash assets, including publicly traded securities, restricted stock and private business interests.1. Donating appreciated non-cash assets to charity allows donors to potentially eliminate the capital gains tax they would otherwise have to pay if they sold the assets first and donated the proceeds, potentially increasing the amount available for charity up to 20%.

“We are very proud to have supported the historic generosity of our donors in 2021,” said Fred Kaynor, managing director of business development, marketing and strategic partnerships at Schwab Charitable. “We are committed to providing them with the most effective platform to achieve their charitable giving goals for many years to come.”

About Schwab Charitable

Schwab Charitable’s mission is to increase giving in the United States with donor-driven funds and philanthropic services that make charitable giving tax-smart, simple and effective. We offer tools, guidance and connections that empower donors to integrate charity planning into their daily lives and make a bigger difference in the world. Since our founding in 1999 as an independent 501(c)(3) public charity, Schwab Charitable donors have granted more than $22 billion to more than 206,000 charities. Visit SchwabCharitable.org for more information.

Schwab Charitable is the name used for the combined programs and services of the Schwab Charitable Fund™, an independent, not-for-profit organization, which has entered into service agreements with certain subsidiaries of The Charles Schwab Corporation. Schwab Charitable Fund is recognized as a tax-exempt public charity as described in sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) ) of the Internal Revenue Code.

©2022 Schwab Charity Fund. All rights reserved.

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1 Schwab Charitable accepts illiquid assets for contribution on a case-by-case basis and in some cases liquidation is facilitated by a third party. In 2021, approximately 1% of contributions were non-cash assets liquidated by a third party, received by Schwab Charitable in cash and reported here as non-cash assets.


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