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Nonprofiteer
← DONOR ADVISED CHARITABLE GIVING

Form 990 for tax year 2022

Filed by DONOR ADVISED CHARITABLE GIVING.

Totals

Total revenue
$7,651,350,396
Total expenses
$5,162,915,749
Contributions and grants received
$7,319,326,897
Grants paid
$5,054,990,437
Program service revenue
$0
Investment income
$332,023,499
Other revenue
$0
Total assets, end of year
$31,640,075,723
Total liabilities, end of year
$68,784,621
Net assets or fund balances, end of year
$31,571,291,102
Program services expenses (Part IX)
$5,146,175,550
Management and general expenses
$6,256,491
Fundraising expenses
$10,483,708
Program service expenses (Part III)
$5,146,175,550

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,319,326,897

  • 1g · Noncash contributions included above

    $4,397,771,227

  • 3 · Investment income

    total $332,023,499 · excluded $332,023,499

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,006,192,989 · program services $5,006,192,989

  • 3 · Grants to foreign organizations and individuals

    total $48,797,448 · program services $48,797,448

  • 5 · Compensation of officers, directors and key employees

    total $2,673,786 · program services $1,978,602 · management and general $294,116 · fundraising $401,068

  • 7 · Other salaries and wages

    total $20,871,436 · program services $15,444,863 · management and general $2,295,858 · fundraising $3,130,715

  • 9 · Other employee benefits

    total $4,882,645 · program services $3,613,157 · management and general $537,091 · fundraising $732,397

  • 10 · Payroll taxes

    total $1,754,683 · program services $1,298,466 · management and general $193,015 · fundraising $263,202

  • 11a · Fees: management

    total $1,931,718 · program services $1,429,471 · management and general $212,489 · fundraising $289,758

  • 11b · Fees: legal

    total $369,442 · program services $295,554 · management and general $73,888

  • 11c · Fees: accounting

    total $384,391 · management and general $384,391

  • 11f · Fees: investment management

    total $41,368,498 · program services $41,368,498

  • 11g · Fees: other

    total $648,911 · program services $648,911

  • 12 · Advertising and promotion

    total $5,127,308 · fundraising $5,127,308

  • 13 · Office expenses

    total $325,669 · program services $240,995 · management and general $35,824 · fundraising $48,850

  • 14 · Information technology

    total $18,637,384 · program services $18,637,384

  • 17 · Travel

    total $541,622 · program services $400,800 · management and general $59,579 · fundraising $81,243

  • 19 · Conferences, conventions and meetings

    total $580,565 · management and general $171,398 · fundraising $409,167

  • 23 · Insurance

    total $195,284 · management and general $195,284

  • 24a · Other expenses: ADMINISTRATIVE FEE EXPE

    total $7,132,396 · program services $5,349,297 · management and general $1,783,099

  • 24b · Other expenses: COMMISSIONS

    total $479,115 · program services $479,115

  • 24c · Other expenses: UNRELATED BUS. INC. TAX

    total $20,459 · management and general $20,459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,662 · end of year $110,351

  • 2 · Savings and temporary cash investments

    beginning of year $53,833,052 · end of year $47,630,106

  • 4 · Accounts receivable

    beginning of year $82,004,977 · end of year $55,076,710

  • 9 · Prepaid expenses and deferred charges

    beginning of year $295,343 · end of year $281,865

  • 11 · Investments: publicly traded securities

    beginning of year $22,234,695,286 · end of year $26,398,477,472

  • 12 · Investments: other securities

    beginning of year $4,063,791,698 · end of year $5,138,499,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,793,017 · end of year $16,114,145

  • 18 · Grants payable

    beginning of year $22,728,636 · end of year $52,670,476

  • 27 · Net assets without donor restrictions

    beginning of year $26,397,306,365 · end of year $31,571,291,102

Mission and programs · 2022

Mission

AT SCHWAB CHARITABLE, OUR MISSION IS TO INCREASE CHARITABLE GIVING IN THE UNITED STATES BY OFFERING ADVANTAGEOUS WAYS TO GIVE USEFUL INFORMATION AND UNBIASED GUIDANCE.

Activities or mission (Part I)

INCREASE CHARITABLE GIVING IN THE UNITED STATES OF AMERICA WITH DONOR-ADVISED FUNDS AND PHILANTHROPIC RESOURCES THAT MAKE CHARITABLE GIVING TAX-EXEMPT, SIMPLE AND EFFICIENT.

  • SEE SCHEDULE O

    Expenses $5,146,175,550 · Grants $5,054,990,437

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anne Casscells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Brownell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Schwab-Pomerantz

    CHAIR OF THE BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Dan Kingsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Avis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Segre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Loretta Doon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samuel W Kang

    PRESIDENT

    Total calculated
    $771,773
    From this org
    $593,269
    From related orgs
    $0
    Other
    $178,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,019
    Bonus
    $254,250
    Other
    $0
    Deferred
    $160,000
    Nontaxable benefits
    $18,504
    Filer's total
    $771,773

  • Frederick K Kaynor

    MD-BUS DEV, MKTG & STRAT. PARTNER

    Total calculated
    $592,929
    From this org
    $474,425
    From related orgs
    $0
    Other
    $118,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,562
    Bonus
    $191,863
    Other
    $0
    Deferred
    $100,000
    Nontaxable benefits
    $18,504
    Filer's total
    $592,929

  • Michael Maestas

    MD-INVEST OVERSIGHT & DUE DILIGENCE

    Total calculated
    $505,349
    From this org
    $391,845
    From related orgs
    $0
    Other
    $113,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,179
    Bonus
    $114,666
    Other
    $0
    Deferred
    $95,000
    Nontaxable benefits
    $18,504
    Filer's total
    $505,349

  • Douglas Campbell

    MD-STRATEGY, OFFER MGMT & ANALYSIS

    Total calculated
    $479,318
    From this org
    $365,814
    From related orgs
    $0
    Other
    $113,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,002
    Bonus
    $122,812
    Other
    $0
    Deferred
    $95,000
    Nontaxable benefits
    $18,504
    Filer's total
    $479,318

  • Stephanie Queisert

    CHIEF FINANCIAL OFFICER

    Total calculated
    $444,114
    From this org
    $350,610
    From related orgs
    $0
    Other
    $93,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,647
    Bonus
    $75,963
    Other
    $0
    Deferred
    $75,000
    Nontaxable benefits
    $18,504
    Filer's total
    $444,114

  • Jeff Salvesen

    ASST. CORP. SECRETARY (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Kristopher Tate

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William P Gisi

    ASST. CORP. SECRETARY (UNTIL 09/22)

    Total calculated
    $0
    Hours/week
    1

  • Jamal Modir

    ASSISTANT SECRETARY (UNTIL 06/22)

    Total calculated
    $0
    Hours/week
    1

  • Lori Kirkland

    DIRECTOR

    Total calculated
    $393,206
    From this org
    $299,702
    From related orgs
    $0
    Other
    $93,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,267
    Bonus
    $68,435
    Other
    $0
    Deferred
    $75,000
    Nontaxable benefits
    $18,504
    Filer's total
    $393,206

  • Bryan Gregston

    DIRECTOR

    Total calculated
    $388,731
    From this org
    $295,227
    From related orgs
    $0
    Other
    $93,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,017
    Bonus
    $80,210
    Other
    $0
    Deferred
    $75,000
    Nontaxable benefits
    $18,504
    Filer's total
    $388,731

  • Caleb Lund

    DIRECTOR

    Total calculated
    $362,195
    From this org
    $300,691
    From related orgs
    $0
    Other
    $61,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,379
    Bonus
    $90,312
    Other
    $0
    Deferred
    $43,000
    Nontaxable benefits
    $18,504
    Filer's total
    $362,195

  • Julia Reed

    DIRECTOR

    Total calculated
    $322,027
    From this org
    $258,523
    From related orgs
    $0
    Other
    $63,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,757
    Bonus
    $64,766
    Other
    $0
    Deferred
    $45,000
    Nontaxable benefits
    $18,504
    Filer's total
    $322,027

  • Joseph Bogner

    DIRECTOR

    Total calculated
    $297,997
    From this org
    $259,493
    From related orgs
    $0
    Other
    $38,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,300
    Bonus
    $77,193
    Other
    $0
    Deferred
    $20,000
    Nontaxable benefits
    $18,504
    Filer's total
    $297,997

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE SCHWAB CHARITABLE BONUS PLAN PROVIDES FOR DISCRETIONARY AWARDS BASED ON INDIVIDUAL PERFORMANCE AND SCHWAB CHARITABLE'S FINANCIAL PERFORMANCE DURING THE ANNUAL PERFORMANCE PERIOD. EVERY EMPLOYEE WHO PARTICIPATES IN THE PLAN IS ASSIGNED AN AVERAGE BONUS OPPORTUNITY, STATED IN DOLLAR TERMS, BASED ON THE POSITION. SCHWAB CHARITABLE'S FINANCIAL PERFORMANCE IS MEASURED BY METRICS APPROVED BY THE COMPENSATION COMMITTEE OF THE SCHWAB CHARITABLE FUND BOARD.
FORM 990, PART VII, SECTION A, LINE 5
THE WORKFORCE OF SCHWAB CHARITABLE FUND ARE EMPLOYEES OF CHARLES SCHWAB & CO. AS OUTLINED IN AN ADMINSTRATIVE SERVICES AGREEMENT WITH CHARLES SCHWAB & CO. AND RECOGNIZED IN AN IRS PRIVATE LETTER RULING DATED FEBRUARY 14, 2014. PAYROLL AND REGULATORY PAYROLL REPORTING REQUIREMENTS ARE FULFILLED BY CHARLES SCHWAB & CO. AND REIMBURSED BY SCHWAB CHARITABLE FUND.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 April 2024
IRS schema version
2022v5.0
Source object
202411039349301716

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.