Report Lists Feeding America as No. 1 Target for Schwab Charitable Grants

Title: “Schwab Charitable Annual Giving Report Fiscal Year 2016″

Organization: Schwab Charitable

Summary: In its second annual giving report, Schwab Charitable provides more information than it offered in July about the $1.2 billion in grants its account holders made in the fiscal year that ended June 30.

In fiscal 2016, Schwab’s donor-advised funds — tax-exempt accounts donors use to make grants to charity — gave to more than 56,000 nonprofits, and clients contributed $1.9 billion in cash and various assets into accounts.

Schwab also offered additional data about contributions its clients have made since the nonprofit was established in 1999.

Among the findings:

• Sixty-two percent of grants were made to charities in donors’ home states in fiscal 2016.
• The charities that received the most grants in fiscal 2016 were, in descending order, Feeding America, Doctors Without Borders, the Salvation Army, United Way, and Habitat for Humanity.
• Seventy-nine percent of assets held in accounts are managed by investment advisers recommended by the donor. Of those advisers, 28 percent also report that they make grants for clients.
• Eighty-two percent of grants were made online, with 2,300 made from a mobile device.
• The cause areas receiving the most grants were health and human services (28 percent), religion (26 percent), education (16 percent), and social services (10 percent).
• Forty-eight percent of contributed assets have been disbursed since Schwab Charitable’s launch 17 years ago.