In September our Women of Wisdom (WOW) event highlighted Charitable Planning presented by Schwab Charitable. In 2015 the largest source of charitable giving in the US came from individuals giving $268.28 billion or 71% of total giving. Foundations, bequests and corporations made up the rest. The greatest percentage of areas that individual gave to were educational, basic needs organizations, the arts, health related organizations and to religious organizations. There are many ways to reach your charitable goals such as giving directly to a charity of your choice by check, setting up a Charitable Gift Annuity or Charitable Trust or by giving over time through a Private Foundation or Donor-Advised fund such as Schwab Charitable.

Schwab Charitable was created in 1999 as a national donor-advised fund with a mission to increase charitable giving nationwide by making giving accessible, flexible and simple for individuals, families and their advisors. A Schwab Charitable donor-advised fund account is a simple tax-smart solution to fulfill your charitable planning.  You can set up an account with Schwab Charitable and contribute cash, securities or appreciated assets. You are eligible for an immediate tax benefit when you give to your account and then you can choose what charities you would like to give to over time.  As of June 30, 2016 Schwab Charitable has granted $6.6 billion to charity through $1,243,025 grants which has touched 109,000 charitable organizations.  Please let us know if you need more information on how to reach your charitable goals with tax-smart giving.

 

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Source: Schwab Charitable, National Philanthropic Trust