Total charitable impact

 

Vanguard Charitable Investment Options

Our philanthropic accounts allow you to recommend investments, watch your charitable assets grow tax-free, and grant more to charity over time–all without sacrificing any tax benefits. As a Vanguard Charitable account holder, you secure access to a broad range of investment options spanning major asset classes, as well as domestic and international markets, allowing you to tailor your investment strategy to your risk tolerance, desired granting time horizon, and giving objectives.1 The result of a good investment? A greater charitable impact.   

 

Portfolio Solutions

Pre-allocated investments with professional rebalancing

Pool name

Standard account expense ratio2

Select account expense ratio3

Asset allocation

Risk potential

Income4

0.04%

0.03%

20% stock

80% bond

Conservative Growth5

0.04%

0.03%

40% stock

60% bond

Moderate Growth6

0.15% 0.11%

60% stock

40% bond

Growth7

0.05%

0.03%

80% stock

20% bond

 

 

Portfolio Builders

Individual funds to create a custom investment

 

Pool name

Standard account expense ratio

Select account expense ratio

Asset class

Risk potential

Building blocks

Money Market

0.11% 0.11% Money Market

Short-Term Bond

0.10% 0.07% Fixed income

Total Bond8

0.04% 0.03% Fixed income

Total International Bond9

0.11% 0.07% International fixed income

Total Equity10

0.06% 0.04% Global equity

Total U.S. Stock11

0.035%
 
0.02% Domestic equity

Total International Stock12

0.09% 0.07% International equity
Balanced funds

Balanced Index13

0.07% 0.06% Stocks and Bonds

Wellington14

0.25% 0.17% Stocks and Bonds

TIFF Multi-Asset Fund15

--- 1.61% Multi-asset
Specific regions

European Stock16

0.10% 0.08% International equity

Pacific Stock17

0.10% 0.08% International equity

Emerging Markets18

0.14% 0.11% International equity

 

 

Values-Driven Investments

Options that integrate environmental, social, and governance criteria

Pool name

Standard account expense ratio

Select account expense ratio

Asset class

Risk potential

ESG U.S. Stock19

0.12% 0.12% Domestic equity

ESG International Stock20

0.15% 0.15% International equity

ESG Global Stock21

0.13% 0.13% Global equity

 

Minimize cost, maximize impact

Our donors’ accounts benefit from the stewardship of Vanguard, the largest mutual fund company in the world. Although we are separate entities, Vanguard Charitable is strongly aligned with Vanguard’s principled investment philosophy, including its commitment to low costs, diversification, and long-term planning.

A client-owned firm, Vanguard has a proven history of reducing expense ratios. We are the only donor-advised fund that can extend the direct benefits of Vanguard’s at-cost investments to you; when you invest your philanthropic account in any pool featuring underlying Vanguard mutual funds, we pass these savings directly on to you.

 


Next steps:

 

1 The expense ratios are assessed by the Vanguard and vary based on allocation and account status; Vanguard Charitable does not itself charge investment fees. While they may be invested in mutual funds or ETFs, the investment options are not themselves mutual funds or ETFs, nor are they publicly traded. They are not available for investment by any individual or organization apart from Vanguard Charitable. As such, prospectuses only exist for the underlying funds, and not for the Vanguard Charitable investment options.

2 Standard account expense ratios utilize the Institutional share class of the underlying Vanguard mutual funds when possible. Select account expense ratios utilize the Institutional plus share class of the underlying Vanguard mutual funds where applicable.

3 Select account expense ratios utilize the Institutional plus share class of the underlying Vanguard mutual funds where applicable. *Based on account balance and activity, account status dictates an account’s administrative and investment fee schedule. Accounts with an ongoing balance of more than $1 million may qualify for Select pricing, which offers access to the same investment options as Standard but has lower associated fees. For the current fee schedule for each account type, please refer to the Fees and expenses section of Vanguard Charitable’s Policies and guidelines.

4 80% Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 14% Spliced Total Stock Market Index, 6% Spliced Total International Stock Market Index. Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index: Bloomberg Barclays U.S. Aggregate Bond Index through December 31, 2009; Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Spliced Total Stock Market Index: Dow Jones Wilshire 5000 Index through April 22, 2005; MSCI US Broad Market Index through June 2, 2013; and CRSP US Total Market Index thereafter. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

5 60% Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 30% Spliced Total Stock Market Index, and 10% Spliced Total International Stock Index. Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index: Bloomberg Barclays U.S. Aggregate Bond Index through December 31, 2009; Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Spliced Total Stock Market Index: Dow Jones Wilshire 5000 Index through April 22, 2005; MSCI US Broad Market Index through June 2, 2013; and CRSP US Total Market Index thereafter. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

6 60% Wilshire 5000 Index and 40% Lehman Aggregate Bond Index through December 31, 2009; 45% Balanced Composite Index, 45% Wellington Composite Index, and 10% Spliced Total International Stock Index thereafter. Balanced Composite Index: Made up of two unmanaged benchmarks, weighted 60% Dow Jones Wilshire 5000 Index and 40% Lehman Aggregate Bond Index through May 31, 2005; 60% MSCI US Broad Market Index and 40% Bloomberg Barclays Capital Aggregate Bond Index through January 14, 2013; and 60% CRSP US Total Market Index and 40% Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Wellington Composite Index: 65% S&P 500 Index and 35% Lehman Long Credit AA or Better Index through February 29, 2000; 65% S&P 500 Index and 35% Bloomberg Barclays Capital Credit A or Better Index thereafter. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

7 80% Wilshire 5000 Index and 20% Lehman Aggregate Bond Index through December 31, 2009; 55% Spliced Total Stock Market Index, 20% Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index, and 25% Spliced Total International Stock Market Index thereafter. Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index: Bloomberg Barclays U.S. Aggregate Bond Index through December 31, 2009; Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Spliced Total Stock Market Index: Dow Jones Wilshire 5000 Index through April 22, 2005; MSCI US Broad Market Index through June 2, 2013; and CRSP US Total Market Index thereafter. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

8 Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index reflects the performance of the Bloomberg Barclays U.S. Aggregate Bond Index through December 31, 2009; Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter.

9Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged: Includes government, government agency, corporate, and securitized non-U.S. investment grade fixed-income investments, all issued in currencies other than the U.S. dollar and with maturities of more than one year.

1055% S&P 500 Index, 15% S&P Completion Index, and 30% Spliced Total International Stock Market Index. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

11Total U.S. Stock benchmark: Spliced Total Stock Market Index reflects the performance of the Dow Jones Wilshire 5000 Index through April 22, 2005; MSCI US Broad Market Index through June 2, 2013; and CRSP US Total Market Index thereafter.

12Spliced Total International Stock Market Index reflects the performance of the Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

13Balanced Composite Index: Weighted 60% Dow Jones U.S. Total Stock Market Index (formerly known as the Dow Jones Wilshire 5000 Index) and 40% Lehman Brothers U.S. Aggregate Bond Index through May 31, 2005; 60% MSCI US Broad Market Index and 40% Bloomberg Barclays U.S. Aggregate Bond Index through December 31, 2009; 60% MSCI US Broad Market Index and 40% Bloomberg Barclays U.S. Aggregate Float Adjusted Index through January 14, 2013; and 60% CRSP US Total Market Index and 40% Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter.

14Wellington Composite Index: 65% S&P 500 Index and 35% Lehman U.S. Long Credit AA or Better Bond Index through February 29, 2000; 65% S&P 500 Index and 35% Bloomberg Barclays U.S. Credit A or Better Bond Index thereafter.

151.61% annualized expense ratio for year-ended 12/31/17. The TIFF Multi-Asset Pool is generally available to accounts with ongoing balances over $100,000. Refer to our Policies and guidelines booklet for more information.

16Spliced European Stock Index reflects performance of the MSCI Europe Index through March 26, 2013; FTSE Developed Europe Index through September 30, 2015; and FTSE Developed Europe All Cap Index thereafter.

17Spliced Pacific Stock Index reflects performance of the MSCI Pacific Index through March 26, 2013; FTSE Developed Asia Pacific Index through September 30, 2015; and FTSE Developed Asia Pacific All Cap Index thereafter.

18Spliced Emerging Markets Index reflects performance of the Select Emerging Markets Index through August 23, 2006; the MSCI Emerging Markets Index through January 9, 2013; the FTSE Emerging Transition Index through June 27, 2013; the FTSE Emerging Index through November 1, 2015; the FTSE Emerging Markets All Cap China A Transition Index through September 18, 2016; and the FTSE Emerging Markets All Cap China A Inclusion Index thereafter.

19FTSE U.S. All Cap Choice Index

20FTSE Global All Cap ex U.S. Choice Index

21ESG Global Stock Pool Benchmark: Weighted 70% FTSE U.S. All Cap Choice Index and 30% FTSE Global All Cap ex U.S. Choice Index.

**The potential for risk in Vanguard funds can be categorized in levels from 1 to 5. Knowing the risk level you are comfortable with and the length of time you expect the assets in the philanthropic account to be invested can help you select an appropriate investment recommendation.

Risk level 1 Vanguard funds are classified as conservative if their share prices are expected to remain stable or to fluctuate only slightly. Such funds may be appropriate for the short-term reserves portion of a long-term investment portfolio, or for investors with short-term investment horizons (three years or less).

Risk level 2 Vanguard funds classified as conservative to moderate are subject to low-to-moderate fluctuations in share prices. In general, such funds may be appropriate for investors with medium-term investment horizons (four to ten years).

Risk level 3 Vanguard funds classified as moderate are subject to a moderate degree of fluctuation in share prices. In general, such funds may be appropriate for investors who have a relatively long investment horizon (more than five years).

Risk level 4 Vanguard funds of this type are broadly diversified but are subject to wide fluctuations in share price because they hold virtually all of their assets in common stocks. These funds may be appropriate for investors who have a long-term investment horizon (ten years or longer).

Risk level 5 Vanguard funds classified as aggressive are subject to extremely wide fluctuations in share price. These funds may be appropriate for investors who have a long-term investment horizon (ten years or longer). The unusually high volatility associated with these funds may stem from a number of strategies.

Any Portfolio Solutions, Portfolio Builders, or Values-Driven Investments option may be combined to create a charitable investment portfolio to meet your short- and long-term giving goals.