Schwab Charitable Donors Granted $4.7 Billion to Charity in Fiscal Year 2022

Donors have supported 117,000 organizations with nearly one million grants


Schwab Charitable™, one of the nation’s largest providers of donor-advised funds and other philanthropic services, reports that its donors increased charitable grants by 27% to more than $4.7 billion in during the 2022 financial year (ended June 30, 2022). Donors supported 117,000 charities through 993,000 grants, a 24% increase in the number of grants to charities from fiscal year 2021.

“The remarkable charitable impact of our donors over the past fiscal year is truly inspiring,” said Sam Kang, President of Schwab Charitable. “We are grateful for the opportunity to provide tools, resources and training to our donor community as they continue to increase giving to meet the growing needs in their communities and around the world.”

Increase support for those in need

In fiscal year 2022, Schwab Charitable donors gave an average of 13 times, recommending more than half a million grants in their own state and supporting 11% more charities than the prior fiscal year .

One of the reasons donors increased their charitable giving over the past 12 months was to support those affected by recent crises, both at home and abroad. For example, a Schwab Charitable donor, Mark P., said: “The situation in Ukraine has prompted us to make additional donations to support relief efforts through a few charities that I know well and who are present. in Ukraine.

Another Schwab Charitable donor, Charles R., said, “We have made ’emergency’ donations to several entities that are on the ground in Ukraine with humanitarian aid and relief efforts, as well as to entities that help to manage the increase in refugee populations. Whenever possible, we try to do this not by diverting grants that would have been allocated to other trouble spots and areas of need, but rather by adding new contributions to our account.

To date, Schwab Charitable donors have recommended $7.7 million in grants to support organizations mobilizing relief in Afghanistan, and more than $50 million in grants to support war-affected people in Ukraine. While supporting these and other crises, Schwab Charitable donors have also recommended more than 50,000 grants totaling more than $200 million to date to charities battling the effects of Covid-19.

A Schwab Charitable donor-directed fund account allows donors to quickly respond to events with charity dollars that have already been set aside for charitable purposes and easily recommend grants online or on a mobile device. Throughout fiscal 2022, 70% of donors reported giving more through their Schwab Charitable account, and there was a 30% increase in the number of grants given on a mobile device.

According to the Center for Disaster Philanthropy, there are four phases of the disaster lifecycle that occur before, during and after a devastating event. Sustained support at every stage is essential, and Schwab Charitable donors can easily set up ongoing, recurring grants from their donor-advised fund to maintain support for their favorite causes. In fiscal year 2022, there was a 37% increase in the number of recurring grants sent by donors.

Additionally, Schwab Charitable donors have increased the proportion of grants not earmarked for a specific purpose. These unrestricted grants reached 72% of the total, giving even more nonprofits greater flexibility to direct donations to immediate needs.

The crucial role of financial advisors

Advisors play a vital role in their clients’ philanthropy, and donors are increasingly turning to them for advice on how to grow their charitable money. At Schwab Charitable, advisors manage two-thirds of account assets for donors.

An important consideration in charitable planning is the assessment of assets to be donated. In fiscal year 2022, 61% 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%.

“Advisors are uniquely positioned to help donors give more effectively through tax-smart contributions and strategies to maximize their impact on those in need,” said Fred Kaynor, managing director of business development, marketing and strategic partnerships at Schwab Charitable. “We look forward to continuing to work with the donor and advisor communities in support of our mission to increase charitable giving in the United States and beyond.”

Schwab Charitable provides advisors with a wealth of resources to expand and strengthen their charitable giving offerings. Schwab Charitable has developed a advisor resource center on its website which serves as a toolkit for financial advisors to help clients develop their giving strategy based on their philanthropic goals and priorities. One such tool, the Schwab Charitable Giving Guide, guides advisors, donors and their families through a comprehensive giving plan and ultimately provides them with a comprehensive strategy to maximize their impact on their favorite causes. Advisors have been active users of the Giving Guide and account for nearly 25% of the guide’s over 1,000 total downloads.

Partnerships that make sense

Over the past fiscal year, Schwab Charitable has developed and expanded strategic partnerships with other nonprofit and philanthropic organizations to provide donors with additional educational tools and resources to help plan and implement projects. a strategic and fiscally intelligent philanthropy.

One such resource is a series of podcasts and webinars called Giving with impact which is co-produced by Schwab Charitable and Stanford Social Innovation Review. These highly informative and relevant podcasts and webinars on the subject provide donors, advisors and charities with information and ideas for achieving maximum philanthropic impact.

Schwab Charitable has also enhanced its digital resources dedicated to charities by launching a nonprofit fundraising toolkit in late 2021 that offers recommendations for fundraising and developing a donor base with account holders. funds advised by donors.

“Our educational resources support donors who want to give thoughtfully and have a lasting impact,” said Carrie Schwab-Pomerantz, chair of the board of Schwab Charitable. “It is humbling to see their commitment, year after year, for so many important causes.”

About Schwab Charitable

Schwab Charitable’s mission is to increase giving in the United States with donor-directed funds and philanthropic tools and resources 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 $24 billion to more than 216,000 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. (0722-2UX8)

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 fiscal year 2022, approximately 1.6% of contributions were non-cash assets liquidated by a third party, received by Schwab Charitable in cash and presented here as non-cash assets.

Source: Schwab Charitable


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