| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: |
SCHWAB CHARITABLE FUND IS COMMITTED TO INCREASING CHARITABLE GIVING IN THE UNITED STATES BY PROVIDING ADVANTAGEOUS WAYS TO GIVE, USEFUL INFORMATION AND UNBIASED GUIDANCE. SCHWAB CHARITABLE ACHIEVES ITS MISSION BY OFFERING DONOR ADVISED FUNDS WHICH FACILITATE GIVING BY REMOVING THE BARRIERS TO GIVING SUCH AS ADMINISTRATIVE AND RECORD KEEPING BURDENS, BEING A RELIABLE AND UNBIASED SOURCE OF INFORMATION AND DELIVERING THE SERVICE THROUGH TECHNOLOGY WHICH LOWER COSTS AND INCREASE ACCESS, THEREBY CONTRIBUTING TO THE DEMOCRATIZATION OF PHILANTHROPY. ALL CONTRIBUTIONS ACCEPTED BY SCHWAB CHARITABLE ARE CONSIDERED IRREVOCABLE AND UNCONDITIONAL. CONTRIBUTIONS ARE INVESTED FOR POTENTIAL GROWTH AND GRANTS ARE MADE TO SUPPORT THE EXEMPT PURPOSES AND OPERATIONS OF A WIDE VARIETY OF RECIPIENT PUBLIC CHARITIES. SINCE INCEPTION, THE FUND HAS DISTRIBUTED OVER $15.8 BILLION TO OTHER 501 (C) (3) CHARITIES. THIS AMOUNTS TO AN AVERAGE ANNUAL DISTRIBUTION RATIO OF ABOUT 19% OF THE FUND'S NET ASSET VALUE. THE FUND'S CUMULATIVE $15.8 BILLION IN DISTRIBUTIONS ALSO AMOUNT TO 54% OF THE VALUE OF THE CONTRIBUTIONS IT HAS RECEIVED SINCE INCEPTION. |
| FORM 990, PART VI, SECTION B, LINE 11B |
AS PART OF THE PROCESS OF PREPARING THE FORM 990, THE INDEPENDENT RETURN PREPARER REVIEWED THE FORM WITH SCHWAB CHARITABLE MANAGEMENT. THE INDEPENDENT RETURN PREPARER THEN MET WITH THE BOARD'S AUDIT COMMITTEE, ALONG WITH MANAGEMENT, TO REVIEW THE DRAFT FORM AND TO ANSWER ANY QUESTIONS. UPON RECEIVING FINAL MANAGEMENT AND AUDIT COMMITTEE APPROVAL, THE FORM 990 IS FILED WITH THE IRS. UPON FILING FORM 990, A COPY IS MAKE AVAILABLE ON SCHWAB CHARITABLE FUND'S PUBLIC WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ANNUALLY, PRIOR TO THE CLOSE OF THE FISCAL YEAR, SCHWAB CHARITABLE FUND (THE "FUND") REQUIRES ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES (1) TO REVIEW THE FUND'S CONFLICT OF INTEREST POLICY (THE "POLICY"); (2) COMPLETE THE QUESTIONNAIRE AND DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIP THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST; AND (3) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS ACTING IN ACCORDANCE WITH THE LETTER AND SPIRIT OF SUCH POLICY. THE AUDIT COMMITTEE REVIEWS THE COMPLETED QUESTIONNAIRE AND INTERVENES IF NECESSARY. ANY CONFLICTS OF INTEREST ARE HANDLED IN ACCORDANCE WITH THE POLICY AND ACCORDINGLY ANY CONFLICTED PARTY MUST DISCLOSE THE CONFLICT AND MAY NOT PARTICIPATE IN THE BUSINESS DECISION REGARDING THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF SCHWAB CHARITABLE RELIES ON COMPARABLE DATA FROM SIMILARLY SITUATED ORGANIZATIONS IN MAKING COMPENSATION DECISIONS ABOUT THE PRESIDENT AND OTHER KEY OFFICERS. AN OUTSIDE CONSULTING FIRM THAT SPECIALIZES IN EXECUTIVE COMPENSATION IS RETAINED BY THE COMPENSATION COMMITTEE OF SCHWAB CHARITABLE TO EVALUATE THE MARKET COMPARABILITY OF THE COMPENSATION PROVIDED TO ITS EXECUTIVES. THE SPECIFIC OBJECTIVES OF THE STUDY ARE TO: (1) PROVIDE NON-PROFIT MARKET COMPARABILITY DATA FOR THE TOP EXECUTIVES TO ALLOW THE COMPENSATION COMMITTEE TO DETERMINE THE REASONABLENESS OF THE EXECUTIVE COMPENSATION PROGRAM AND TO MAKE INFORMED PAY DECISIONS; (2) PRESENT MARKET PREVALENCE AND PRACTICE DATA ON EXECUTIVE BENEFITS AND PERQUISITES AMONG NON-PROFIT ORGANIZATIONS AND (3) EVALUATE THE COMPETIVENESS OF TOTAL CASH COMPENSATION AGAINST MARKET COMPARABLES AND PROVIDE RECOMMENDATIONS DESIGNED TO STRENGTHEN THE OVERALL PROGRAM. THE COMPENSATION COMMITTEE USES THE ABOVE DESCRIBED MARKET DATA ALONG WITH INDIVIDUAL PERFORMANCE AND THE SUCCESS OF SCHWAB CHARITABLE AT ACHIEVING BOARD APPROVED TARGETS TO DETERMINE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE SCHWAB CHARITABLE FUND MAKES ALL REQUIRED PUBLIC DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ALSO POSTS ITS MOST CURRENT FORM 990 AND AUDITED FINANCIAL STATEMENTS TO ITS PUBLIC WEBSITE. |
| FORM 990, PART VII, SECTION A, LINE 5 |
THE WORKFORCE OF SCHWAB CHARITABLE FUND ARE EMPLOYEES OF CHARLES SCHWAB & CO. AS DETAILED IN AN ADMINISTRATIVE SERVICES AGREEMENT WITH CHARLES SCHWAB & CO. AND APPROVED 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. |
| TANGIBLE PROPERTY REGULATION ELECTIONS |
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR. SECTION 1.263(A)-3(N) CAPITALIZATION ELECTION TAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS. |
Attach to Form 990 or 990-EZ.