Schwab DAF configuration

Schwab-specific instructions for enabling multi-custodial DAF accounts

Curious how much time it will take? The total estimated timeline for initial setup is approximately 2-3 weeks from initiation.

If you are a firm program manager, and wish to set up Schwab multi-custodial accounts under your custom DAF program, contact your Charityvest relationship manager or the Charityvest support team ([email protected]) for guidance on completing these steps:

1. Open new client Schwab DAF accounts (titled in the name of the DAF sponsor: Charityvest, Inc.) for each client.

2. Establish a new firm SL Master account via Schwab (up to 4 business days).

3. Complete ROI authorization for BridgeFT (up to 8 business days).

4. Connect your new Schwab client DAF accounts to your custom DAF platform with help from your Charityvest relationship manager (up to 3 business days).

5. Validate and test account balance displays alongside the Charityvest support team.

Once these steps are completed, this capability will be available to your firm. The SL Master account setup and ROI authorization only needs to be completed once per firm.

For any future client external DAF accounts, desired after the initial setup process, you may contact your Charityvest relationship manager to coordinate:

• Opening new client Schwab DAF accounts (titled in the name of the DAF sponsor: Charityvest, Inc.).

• Assigning new client Schwab DAF accounts (titled in the name of the DAF sponsor: Charityvest, Inc.) to your firm's Schwab SL Master.

Open new client Schwab DAF accounts

The first step in the process to enabling multi-custodial DAF accounts is to create new brokerage accounts on behalf of each of your clients.

You will need to open a unique Schwab account per client interested in a multi-custodial DAF arrangement. However, these accounts will be titled in the name of the DAF sponsor, Charityvest, Inc.

When creating the account, contact your Charityvest relationship manager to ensure you have the proper details on the forms:

• Name: Charityvest, Inc.

• Address: C/O Foundation Source, 55 Walls Drive, Suite 302, Fairfield, CT 06824

• Tax ID: 81-2771871

The account opening forms must be signed by the President of Charityvest, Inc. Your Charityvest relationship manager can assist in getting this form signed.

Opening a new client DAF account? Make sure the account is titled in the name of the DAF sponsoring organization, Charityvest, Inc.

Establishing a SL Master

Once the new client accounts have been created, your firm will need to establish one entirely new Schwab SL Master account, which will:

• Create a dedicated container for your firm's DAF clients

• Maintain complete separation from other firms' accounts

• Provide maximum control over account organization

Your firm will need to create a new Schwab SL Master that is specific to your firm's custom DAF program, as our system cannot accommodate SL Master accounts that include account data unrelated to DAF giving (i.e. not titled in the name of the DAF sponsor: Charityvest, Inc.).

Already have a FA Master or SL Masters? This new SL Master should be added to the new client DAF accounts in addition to any of your firm's existing FA Master or SL Masters.

Prefer to skip the SL Master setup process entirely? In the future, Charityvest, Inc. may establish an omnibus master account with Schwab. If interested, please contact your Charityvest relationship manager for more information.

Schwab Release of Information (ROI) Authorization

As a firm program manager, follow these instructions to initiate the ROI authorization process for BridgeFT once the new Schwab SL master account has been established.

For ease of reference, here is BridgeFT’s official instructional documentation on Schwab data feed authorization.

• Log into Schwab Institutional and select Account Management at the top of the page.

• Select the Account Management tab.

• Select the Forms library.

• Search for “Request for Data Access Agreement”. To the right of that form, click Submit Request.

• Complete the required fields and select the Submit request button.

  • Recipient and Signer should be: Bridge Financial Technology Inc

  • Email: [email protected] OR [email protected]

  • Select the blue ‘Master Account’ hyperlink on the form to type in the appropriate master account. This field has dynamic text matching to prevent an incorrect account from being entered.

  • Select the checkbox to include the FAM file at the bottom of the form.

• After submission, Schwab will send a confirmation email with a case number for the request.

• Your firm will receive an email notification to sign the form via DocuSign within 1-2 days of submission. If the DocuSign request is not received within 2 business days, contact Schwab’s advisor platform support group (888-306-7327) with your SL Master and case number.

• Once received, open that email and click the link on the email notification to provide your signature.

• After the Docusign is completed, Schwab will release data to BridgeFT within 2-4 business days. Please notify your Charityvest relationship manager when confirmed.

Connect your new Schwab client DAF accounts

Once your firm's Release of Information forms have been processed, the Charityvest support team can assist with mapping the Schwab client DAF accounts to the on-platform client DAF accounts:

• Contact your Charityvest relationship manager to share the on-platform email address associated with each Schwab account number.

• The Charityvest support team will monitor the external data feed to confirm the appropriate data is received and connect each new Schwab account to existing on-platform accounts.

Validate and test account balance displays

With the external account mapping process complete, clients can view their entire DAF balance, both on-platform and Schwab, via their account dashboard. Your firm will have access to view individual as well as aggregate account values, all in one place.

Both the Charityvest support team and your firm can verify that the account balance displays are accurate, and report back any issues as needed.