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Administration January 18, 2011
Contributions to Schwab Charitable Doubled in 2010
January 18, 2011 (PLANSPONSOR.com) – Schwab Charitable, a national donor-advised fund organization, enjoyed donor contributions that more than doubled in 2010 over 2009.
Reported by Fred Schneyer
A news release said donors contributed $1.085 billion for 2010. Over the firm’s 10-year operating history, total contributions have now surpassed $5 billion and grants have surpassed $2 billion.
Assets under management exceed $3 billion.
“At a time of great need, we have seen a tremendous outpouring of generosity from our donors in support of a wide variety of charitable causes,” said Kim Wright-Violich, president of Schwab Charitable, in the news release. “While we provide a responsive and low-cost way to facilitate charitable giving, it is only through the generosity of our donors that Schwab Charitable has been able to reach and pass these notable milestones.”
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