Schwab Charitable Distributes $1.2 Billion in Fiscal Year 2016

has announced more than $1.2 billion in donor-advised grants to more than fifty-six thousand charities in the fiscal year just ended.

Running from July 1, 2015, through June 31, 2016, it was the second consecutive year of more than $1 billion in giving by Schwab Charitable and represents a 12 percent increase over the amount distributed in fiscal year 2015. The largest number of grants went to organizations working in the areas of health and human services, religion, and education.

"With another record year of granting, our donors once again demonstrated their extraordinary generosity," says Kim Laughton, president of Schwab Charitable. "Despite a tumultuous year for stock markets and investments, donor-advised funds are proving to be a steady force in philanthropy, and we remain committed to providing our donors with simple, tax-smart, and efficient solutions that help them give most effectively."

"." Schwab Charitable Press Release 07/13/2016.