October 31, 2022

Schwab Charitable Recognized at WealthManagement.com 2022 Industry Awards

Schwab Charitable Giving Guide becomes first winner of new category for Charitable Giving and Donor-Advised Funds

October 31, 2022, SAN FRANCISCO – Schwab Charitable™, one of the largest national providers of donor-advised funds and other philanthropic services, announced The Schwab Charitable Giving Guide was honored at the WealthManagement.com 2022 Industry Awards as the leading initiative in a new category for Charitable Giving and Donor-Advised Funds.

The WealthManagement.com Industry Awards program recognizes outstanding organizations and individuals that support financial advisor success. The 2022 awards introduced a Charitable Giving/Donor Advised Funds category to honor a new or enhanced program, product or platform that supports charitable giving. Schwab Charitable took home the inaugural honors in this category for The Schwab Charitable Giving Guide, an interactive planning tool designed to enable advisors and their clients to make a thoughtful, strategic plan to maximize donors’ charitable impact.

“I am thrilled to see the industry recognize The Schwab Charitable Giving Guide and the benefits that it provides donors, advisors, and nonprofits alike,” said Sam Kang, President of Schwab Charitable. “This tool is the culmination of amazing work from a team dedicated to helping everyday donors on their philanthropic journey, and I’m proud to see their impact recognized.”

WealthManagement.com received nominations from over 300 companies amounting to a record-setting 900+ nominations this year, ultimately presenting 105 awards during a ceremony held Thursday, September 8 at the Ziegfeld Ballroom in New York City. The winners, including The Schwab Charitable Giving Guide, were selected by a panel of 14 independent judges from the wealth management industry.

The Schwab Charitable Giving Guide is a comprehensive tool designed to enable advisors and their clients to make a thoughtful, strategic plan to maximize donors’ charitable impact. The flexible resource includes five sections about aspects of charitable planning: identify goals, establish structure, create a plan, implement a plan, and explore further. The completion of eight decision-point activities contained in the Guide generate a complete, customized Giving Planner, which can be utilized and adjusted by an advisor, client or their family at any point in time.

Advisors have been active users of the Giving Guide to help donors achieve even greater philanthropic impact, accounting for nearly 25% of all downloads last fiscal year. There have been over 1,000 downloads to date, and over 240 advisors and firms have downloaded the advisor-facing support materials. Schwab Charitable has heard directly from advisors about how the Guide has initiated and informed charitable planning conversations with clients, helping grow assets at Schwab Charitable that are associated with an advisor to 76%. The Guide has also garnered positive feedback from nonprofits who have received grants from Schwab Charitable donors.

About The WealthManagement.com Awards

Now in its 8th year, the WealthManagement.com Industry Awards program recognizes outstanding organizations and individuals that support financial advisor success. More than 300 companies submitted a record-setting 900 nominations in 2022 — a testament to the value that firms place in the awards as a way to enhance their reputation, increase their brand recognition, and set their organization apart from the competition.

About Schwab Charitable

Schwab Charitable’s mission is to increase giving in the U.S. with donor-advised funds and philanthropic tools and resources that make charitable giving tax-smart, simple and efficient. We offer tools, guidance and relationships that empower donors to incorporate charitable planning into their everyday 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 Schwab Charitable Fund™, an independent nonprofit organization, which has entered into service agreements with certain affiliates 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.