You can research over one million IRS-approved public charities on using the Explore Charities page. Note: All grant recommendations are subject to approval by Schwab Charitable.ġ. Contributions of certain real estate, private equity, or other illiquid assets may be accepted via a charitable intermediary, with proceeds transferred to a Schwab Charitable donor-advised fund account upon liquidation. Call Schwab Charitable for more information at 80.Ģ. Your grant recommendation must comply with guidelines specified in Schwab Charitable's Program Policies. Approved grants are for U.S.-based organizations that are recognized by the IRS as 501(c)(3) public charities. You can recommend grants to IRS-approved public charities. For complete details, see Contribution Options or call Schwab Charitable at 80.ĭo you have a list of approved charities? dollars and delivered by check or wire only. This can increase the amount available for charity by up to 20% compared to selling the assets and donating the proceeds. By contributing non-cash assets to a charity, including a donor-advised fund, individuals generally do not pay capital gains tax on the sale of assets that have been held for more than one year. Schwab Charitable also accepts other non-cash assets such as IPO stock, restricted stock, private business interests, real estate and private equity. You can contribute cash and publicly traded securities, including stocks, most mutual fund shares, and bonds. For more details, see Investment Options or call Schwab Charitable at 80. If your charitable account balance is $100,000 or more, you may take advantage of a professionally managed account, which allows you to recommend an investment advisor to actively manage the assets of the account and invest in a broad range of securities, including individual stocks, bonds, and mutual funds. What role can my investment advisor have? and its affiliates provide certain investment management, administrative, and recordkeeping services to Schwab Charitable. Schwab Charitable Fund is an independent public charity. Is Schwab Charitable part of Charles Schwab & Co., Inc.? Once the account is established, fund it with irrevocable, tax-smart contributions, recommend investments for the assets, and recommend grants of $50 or more to charity. Call Schwab Charitable at 80 for assistance. You can complete a Schwab Charitable account application online. How do I open a donor-advised fund account? If you have a question about your specific situation that is not answered here, please call Schwab Charitable at 80 or visit the Schwab Charitable website. Have questions about Schwab Charitable's donor-advised fund account? Here are responses to some of the most common questions we hear. Manage your giving online, right next to your Schwab brokerage accounts.Recommend grants to charities when it is convenient and meets your charitable goals.Invest account assets for potential growth that's tax-free, helping you have even more to give to charities.Potentially eliminate capital gains tax on the contribution of appreciated non-cash assets 1 and investments held for more than one year.
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