Schwab Charitable, a donor-advised fund, has announced new investment choices. Investors will be able to apportion funds to pools run by asset managers including American Century, Janus, Manning & Napier, Parnassus, PIMCO and Schwab.
The offerings will be organized into three asset-allocation pools and 12 individual-investment pools. The pools contain both index and actively managed funds as well as a socially responsible fund. Advisers can select and maintain custom asset allocations.
"We are proud of the breadth and quality of underlying investments in this new expanded offer, which include some of the highest rated mutual funds in their categories,” said Schwab Charitable President Kim Wright-Violich. Schwab Charitable has raised more than $3.75 billion since its inception in 1999 and has made more than $1.5 billion in grants.