Now charitable donors can leverage their efforts through ETFs that are invested in environmental, social and governance directed products. On Oct. 4, Vanguard Charitable will make available three new ESG investment options using ETFs.
Vanguard Charitable is a nonprofit organization that allows investors through a donor-advised fund "a tax-effective way to consolidate, accrue and grant assets to charity." The group was started in 1997 by Vanguard as an independent 501(c)(3) organization. According to Vanguard Charitable, it is "not a program or activity of Vanguard. A majority of Vanguard Charitable's trustees are independent of Vanguard."
The three new offerings are part of a "larger refresh" to the group's investor lineup. "Our donors are increasingly interested in aligning their charitable investment strategy with their personal values," said Jane Greenfield, president of Vanguard Charitable, in a statement.
