Schwab DAF Charitable Fund Breach of Fiduciary Duties Complaint

October 30, 2020

This class action involves the Schwab donor-advised fund (DAF), a charitable entity that is part of the Schwab Charitable Fund. The complaint alleges that Schwab Charitable, the Schwab Board of Directors, and the Schwab Charitable Investment Oversight Committee have breached their fiduciary duties to the Schwab DAF, in violation of common law as well as a California law, the Uniform Prudent Management of Institutional Funds Act (UPMIFA).

Case Event File: Schwab DAF Charitable Fund Breach of Fiduciary Duties Complaint

Related to: Schwab DAF Charitable Fund Breach of Fiduciary Duties Class Action