Overview
What is Schwab Charitable Fund?
The Schwab Charitable Fund is a nonprofit organization located in San Francisco, California, focused on increasing charitable giving in the United States. They accomplish this mission by managing a donor-advised charitable giving program, offering beneficial methods for charitable donations alongside informative and unbiased guidance. The fund, led by Samuel W Kang, aims to make charitable giving more accessible and advantageous for individuals. Through their program, they provide essential resources and expert advice to help people make a positive impact on various causes.
Official website here: www.schwabcharitable.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Schwab Charitable Fund has achieved a commendable Four-Star rating with an overall score of 92%, reflecting strong accountability and financial practices. This rating is derived entirely from its Accountability & Finance score, which highlights the organization’s effective management and transparency in financial operations. The fund's commitment to good governance is emphasized by its fully independent board, comprehensive conflict of interest policies, and robust oversight mechanisms.
Strengths of the Schwab Charitable Fund include a high program expense ratio of 99.71%, indicating that nearly all of its funds are directed toward its charitable programs. Additionally, its low liabilities to assets ratio of 0.21% and the efficient working capital ratio of 6.89 years suggest a healthy financial position, allowing for sustained operations and mission fulfillment. The organization has also established clear processes for CEO compensation and board governance, which further enhances its credibility.
Despite its strengths, there is a notable area for improvement in fundraising efficiency, with a ratio of $0.002. This indicates that the organization may be spending significantly to raise funds, which could impact the overall amount available for its charitable efforts. Addressing this could enhance its operational effectiveness and increase the funds available for its programs. Overall, Schwab Charitable Fund is recognized for its sound financial practices and commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Schwab Charitable Fund legitimate?
Schwab Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schwab Charitable Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,437,574
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,051,107
For more financial information, click here
Official website here: www.schwabcharitable.org
What is the mission statement of Schwab Charitable Fund?
The Schwab Charitable Fund is dedicated to enhancing charitable giving in the United States. Through its donor advised charitable program, the organization offers beneficial methods for making charitable donations and provides valuable information and unbiased counsel to facilitate the giving process. Their mission is to expand charitable contributions in the country by utilizing effective giving strategies and supplying essential guidance.
Official website here: www.schwabcharitable.org
Who is the CEO of Schwab Charitable Fund?
Samuel W Kang is the President of Schwab Charitable Fund.
Official website here: www.schwabcharitable.org
What is the revenue of Schwab Charitable Fund?
Schwab Charitable Fund's revenue in 2022 was $10,074,660,178.
Official website here: www.schwabcharitable.org
Who are the executives of Schwab Charitable Fund and what are their salaries?
The average compensation at Schwab Charitable Fund during 2022 was $112,053. There are 165 employees at Schwab Charitable Fund.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $592,500
- Related: $0
- Other: $9,252
- Compensation: $443,663
- Related: $0
- Other: $138,504
- Compensation: $431,583
- Related: $0
- Other: $113,504
- Compensation: $322,630
- Related: $0
- Other: $68,504
- Compensation: $285,757
- Related: $0
- Other: $68,504
- Compensation: $277,916
- Related: $0
- Other: $58,504
- Compensation: $298,245
- Related: $0
- Other: $9,252
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $254,208
- Related: $0
- Other: $53,504
- Compensation: $247,351
- Related: $0
- Other: $58,504
- Compensation: $250,482
- Related: $0
- Other: $53,504
- Compensation: $236,101
- Related: $0
- Other: $53,504
- Compensation: $232,565
- Related: $0
- Other: $48,504
- Compensation: $265,000
- Related: $0
- Other: $0
Official website here: www.schwabcharitable.org
Where can I find the form 990 for Schwab Charitable Fund?
Schwab Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.schwabcharitable.org
Learn more at the official website: www.schwabcharitable.org
Mission Statement of Schwab Charitable Fund
The Schwab Charitable Fund is a leading philanthropic organization with a mission to boost charitable giving in the United States. By offering advantageous giving methods and supplying valuable, impartial advice, the Fund aims to encourage more individuals and organizations to make charitable donations.
At the heart of Schwab Charitable's mission is the belief that charitable giving should be accessible and convenient for everyone. To achieve this, the organization provides a donor-advised charitable giving program, which allows donors to make charitable contributions, receive tax benefits, and then recommend grants to their preferred charities at their own pace. This approach offers donors the flexibility to make informed giving decisions and maximize the impact of their charitable dollars.
Moreover, the Schwab Charitable Fund goes beyond just providing a platform for charitable giving. It also offers unbiased guidance and useful information to help donors make informed decisions about their charitable contributions. This includes research on various charities and their impact, as well as advice on tax-efficient giving strategies. By doing so, the Fund helps donors make the most of their charitable dollars and ensures that their contributions are making a meaningful difference in the lives of others.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Schwab Charitable Fund significantly impacts charitable giving in the United States by providing a donor advised charitable giving program that simplifies and enhances the giving process. The organization offers useful information and unbiased guidance that empower individuals and families to make informed philanthropic decisions. By presenting advantageous ways to give, Schwab Charitable encourages greater generosity, ultimately increasing the overall volume of charitable contributions in the community. This commitment to enhancing the giving experience not only supports donors in their giving journeys but also strengthens the entire philanthropic landscape. Located in San Francisco, CA, Schwab Charitable's mission reflects a dedication to fostering philanthropy and making a lasting difference in society.
This information is meant to be a general summary of Schwab Charitable Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $318,447,837
- Gross Receipts: $10,074,660,178
Assets and Liabilities:
- Total Assets: $26,434,828,018
- Total Liabilities: $37,521,653
- Net Assets: $26,397,306,365
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1999
Phone
(800) 746-6216Principal Officer
Samuel W Kang
Main Address
211 MAIN STREET, SAN FRANCISCO, CA, 94105
Website
www.schwabcharitable.orgNTEE Category
Code: T300 - Philanthropy
If you are a representative of Schwab Charitable Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.