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Schwab Charitable Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311640316 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Kimberly Laughton (President Thru 7/2021)
  • Compensation: $592,500
  • Related: $0
  • Other: $9,252

    • Samuel W Kang (President)
  • Compensation: $443,663
  • Related: $0
  • Other: $138,504

    • Frederick K Kaynor (Md-Bus Dev, Mktg & Strat. Partner)
  • Compensation: $431,583
  • Related: $0
  • Other: $113,504

    • Michael Maestas (Md-Invest Oversight & Due Dilig.)
  • Compensation: $322,630
  • Related: $0
  • Other: $68,504

    • Douglas Campbell (Md-Strategy, Offer Mgmt & Analysis)
  • Compensation: $285,757
  • Related: $0
  • Other: $68,504

    • Stephanie Queisert (Chief Financial Officer)
  • Compensation: $277,916
  • Related: $0
  • Other: $58,504

    • Lori Kirkland (Director)
  • Compensation: $254,208
  • Related: $0
  • Other: $53,504

    • Susan Heldman (Vp & Controller Thru 7/2021)
  • Compensation: $298,245
  • Related: $0
  • Other: $9,252

    • Bryan Gregston (Director)
  • Compensation: $247,351
  • Related: $0
  • Other: $58,504

    • Caleb Lund (Director)
  • Compensation: $250,482
  • Related: $0
  • Other: $53,504

    • Julia Reed (Director)
  • Compensation: $236,101
  • Related: $0
  • Other: $53,504

    • Joseph Bogner (Director)
  • Compensation: $232,565
  • Related: $0
  • Other: $48,504

    • Barbara Benware (Vice President Thru 3/2020)
  • Compensation: $265,000
  • Related: $0
  • Other: $0

    • Anne Casscells (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Brownell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Schwab-Pomerantz (Chair Of The Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Kingsley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory Avis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Segre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Loretta Doon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jamal Modir (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Scott Mcmillen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.schwabcharitable.org

    Where can I find the form 990 for Schwab Charitable Fund?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Schwab Charitable Fund has a significant impact on increasing charitable giving in the United States through its donor-advised charitable giving program. By providing useful information and unbiased guidance, the fund empowers donors to make a meaningful difference in the causes they care about. This strategic approach to philanthropy helps mobilize resources towards addressing societal challenges and supporting various charitable organizations. Schwab Charitable Fund's mission to enhance charitable giving is realized through its advantageous ways of giving and commitment to promoting generosity across the country.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • Program Service Revenue: $0
  • 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
  • Organization Details

    Founding Year

    1999

    Principal Officer

    Samuel W Kang

    Main Address

    211 MAIN STREET, SAN FRANCISCO, CA, 94105

    NTEE Category

    Code: T30 - 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.