Schwab Charitable, one of the nation's leading donor-advised fund organizations, reports continuing rapid growth in grants during its fiscal year 2014. Between July 1, 2013 and June 30, 2014, individuals granted out $822 million to more than 34,500 charities of their choice, an increase of 38% from the prior fiscal year. This rapid growth comes on the heels of a 10% increase in grants for fiscal year 2013. “Our donors have absorbed the new tax policies that took effect in 2013 and they are encouraged by an improving economy and a strong stock market. As a result, they are increasing their giving and supporting a wide range of causes,” said Kim Laughton, president of Schwab Charitable. “Their donor-advised accounts give them a great way to unlock the value of their investments to give to their favorite charities, reduce their taxes and manage their giving simply and easily in one place.” Schwab Charitable also reported assets under management of $6.4 billion as of June 30, 2014. More than 45% of the funds contributed to Schwab Charitable accounts have been granted out to charities since inception. Investors have contributed cash or a variety of appreciated assets 1 to their Schwab Charitable accounts in order to support their favorite charities over time while realizing the greatest possible tax benefits. Money in the account is invested and grows tax-free until it is granted to charity. Schwab Charitable Expands Investment Options Schwab Charitable also announced that it will expand the investment options available to donors by adding a new Income Index Pool in August. This will bring the total number of investment pools to fourteen, including four that are allocated across multiple asset classes and ten dedicated to a single asset class. The underlying mutual fund for the new Income Index Pool is the Dreyfus Bond Market Index Basic (DBIRX), chosen for its strong historical performance and low operating expenses.