Charitable Giving Opportunities Under the New Tax Law

Kim Laughton is president of Schwab Charitable, a non-profit, donor-advised fund (DAF) provider established with the support of Charles Schwab & Co., Inc. to make charitable giving simpler and more tax-efficient for clients. She is responsible for the general management of Schwab Charitable and the fulfillment of its charitable mission, setting strategy and priorities and ensuring all contractual obligations and goals are met.

Prior to joining Schwab Charitable, Kim held a variety of leadership, strategy, and general management positions at Charles Schwab & Co., Inc. Earlier in her career, Kim was a vice president for Citibank-Asia/Pacific and a Consultant for Bain & Company. She also has served on the board of the Educational Foundation of Orinda and as the head of its investment committee. Kim has been recognized by the San Francisco Business Times as one of the most influential women in Bay Area business.

She holds a BA in economics and a BS in biology from Stanford University and an MBA from Harvard Business School.

I spoke with Kim at the Schwab IMPACT conference on October 29.

Tell me a little about Schwab Charitable. How do you work with advisory firms?

Schwab Charitable is a non-profit DAF provider. It was founded by Charles Schwab about 20 years ago to help its clients and the advisors that serve them give effectively to philanthropy. We want to help clients achieve more tax efficiency, and therefore allow them to be able to give more and consolidate all their giving in one place. Advisors are a big part of our business.

The majority of our assets are advisor-managed or associated with clients who have an advisor. Advisors are a big part of helping clients consolidate their financial life and their wealth-management practices. Charitable giving is increasingly a big component of that.