Schwab Charitable said contributions to its donor-advised fund hit an all-time high during the fiscal year ended June 30th, with donations up 92% over the year-earlier period.
Schwab Charitable, the tenth-largest fundraising charity in the U.S., said contributions for fiscal year 2010 topped $925 million.
It attributed the rise to increased interest in donor-advised funds from people looking for philanthropic alternatives to private foundations or supporting organizations. The fund also cited a boost from gifts of appreciated securities--comprising 65% of overall contributions versus 49% in the year-earlier period.
According to Schwab Charitable, donor account sizes range from $5,000 to $200 million.
The inflows at Schwab Charitable bucks the recent national trend. In June, the Giving USA Foundation said that estimated total charitable contributions in the U.S. from individuals, corporations and foundations fell 3.6% in calendar year 2009.