Editor's note: Last week, we examined Fidelity Charitable's investment menu and fees. In this article, we'll go under the hood at Schwab Charitable, and next week we'll take a look at Vanguard Charitable. Finally, we'll compare all three to see how they stack up.
Donating money to charities through donor-advised funds has become increasingly popular over the past decade. According to data from the National Philanthropic Trust's Donor Advised Fund Report, for the sixth consecutive year, there was growth in all key metrics: number of individual donor-advised funds, total grant dollars from them, total contributions to them, and total charitable assets in them. According to the report, overall assets as of the end of 2015 were nearly $79 billion. Contributions during the year totaled $22 billion, and total grants to charities during the year totaled $14.5 billion.
Karen Wallace does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.