Donating stock is a piece of cake (Richard)
We’ve been very fortunate over the years. And it’s very important to us to share our time and money with charities.
I’m a pretty tough business guy and I like effective and efficient methods of doing business. And I tested Schwab Charitable in 1999, and I just fell for it. It suited me perfectly.
It’s a piece of cake to set-up the account. It’s just so easy to convert low-basis stocks into a charitable gift—it’s just a couple of clicks on the computer and it’s done. Between the ease of gifting and the ease of getting it into the account, it’s very simple for me and it works beautifully for my whole family.
Because of Schwab Charitable, I’m sure that we gift considerable more.
Giving appreciated securities gets a double-whammy in the gifting process [on screen: you get a tax deduction, and you potentially avoid capital gains taxes.
Plus, that money is not only available for me to gift, but it potentially gains in value being managed by Schwab Charitable.
I have two grown sons, and we involve them and their families in some of our gifting. We consider it a family fund. And it will always be that family fund—in perpetuity.
I’ve recommended Schwab Charitable to a lot of people and they like it, because it’s tax-effective and it’s efficient.
So, it just makes good business sense to me.