Schwab Charitable, the San Francisco-based provider of donor-advised funds (DAFs), facilitated grants totaling $4.4 billion in 2021—a 20 percent increase in grant dollars and a 14 percent year-over-year jump in the number of grants awarded.

During 2021, Schwab Charitable account holders awarded 945,000 grants in support of 114,000 charities. The organization also reported that unrestricted grants represented 71 percent of its total giving, and donors increased the number of grants to organizations recommended by the Center for Disaster Philanthropy by 13 percent compared with 2020. In addition, the DAF sponsor saw a shift in awards driven by technology, as the number of grants recommended through its mobile app jumped 32 percent, and 67 percent of contributions in 2021 were in the form of non-cash assets, including publicly traded securities, restricted stock, and private business interests.

“After the incredible outpouring of charitable support in 2020, we are humbled and grateful that our donors extended their record-breaking generosity into 2021,” said Schwab Charitable president Sam Kang. “Our donors showed the power of their generosity with a resolute commitment to increasing support for worthy causes across all sectors and regions. Grants surpassed $4 billion for the first time in Schwab Charitable’s history.”

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