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Schwab Charitable Expands Investment Options

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Schwab Charitable, the donor advised fund from Charles Schwab & Co,, has expanded the underlying investment options in its Charitable Gifts Accounts to twelve, including nine individual investment pools and three asset allocation pools. The individual pools include two fixed-income pools (including PIMCO’s five-star Total Return bond fund–PTTDX–and a TIPS fund from American Century–ACITX), two international equity pools (including the five-star Manning & Napier World Opportunities fund–EXWAX), and an SRI pool, the five-star Parnassus Equity Income Fund–PRBLX.

In addition, Schwab Charitable has introduced a new advice tool available at that is designed to help donors determine their investing time horizon, their risk tolerance, and their charitable granting behavior.

In an interview, Schwab Charitable’s president, Kim Wright-Violich, said the DAF “completely redesigned our investment options,” beginning the process well before the market’s devastation last fall, “with more open architecture than we’ve ever had before.” She also said advisors could use the advice tool to help clients fine-tune both their DAF investing options and their charitable giving goals.

Wright-Violich noted that despite the recession, grant-making was up 6% in the year ended June 2009, and that giving was “very resilient” among Americans.


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