The number of new accounts at Schwab Charitable rose 91 percent from July to December last year, over the same period in 2016, the philanthropic-services provider announced Tuesday.
The markets’ feverish performance during that period, along with changes in the tax code, helped drive giving: More than 70 percent of contributions into Schwab donor-advised funds came from noncash assets such as securities, restricted stock, and real estate.
Donor-advised funds are accounts into which people can contribute assets, take an immediate charitable tax deduction, and later decide which organizations will receive grants.
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