Total charitable impact

 

Single fund investment options

If you prefer to construct a portfolio or simply want to focus on one fund, we offer single fund options that allow you to recommend exchanges and rebalance your philanthropic account as you see fit based on risk tolerance, asset allocation decisions, giving time frames, and charitable goals. The majority of our single fund options are made up of one underlying Vanguard mutual fund. For qualifying donors, we also offer exclusive access to The Investment Fund for Foundations Multi-Asset Fund.

The table below details our single fund investment options. Click on each link for an overview, performance summary, and prospectus for the underlying fund.1 The expense ratios are assessed by the underlying funds and vary based on allocation and account status; Vanguard Charitable does not itself charge investment fees. Any single fund option can be combined with other single or multi-fund options. See our multi-fund options.

Investment option
name
Underlying mutual
fund
Standard
account
expense ratio2
Select
account
expense ratio3
Asset class Risk potential**
Money Market Vanguard Federal Money Market Fund
U.S. Government Money Market Funds Average
0.11% 0.11% Money market Conservative
Short-Term Bond Vanguard Short-Term Investment-Grade Fund
Bloomberg Barclays US 1-5 Year Credit Index
0.10% 0.07% Fixed income Conservative
Total Bond Vanguard Total Bond Market Index Fund
Spliced Bloomberg Barclays USAgg Float Adjusted Index4
0.05% 0.04% Fixed income Conservative--Moderate
Total U.S. Stock Vanguard Total Stock Market Index Fund
Spliced Total Stock Market Index5
0.04% 0.035% Domestic equity Moderate--Aggressive
TIFF Multi-Asset Pool6 The Investment Fund for Foundations Multi-Asset Fund
Consumer Price Index (CPI) + 5% per annum Constructed Index
--- 1.39% Multi-asset Moderate--Aggressive
Total International Stock Vanguard Total International Stock Index Fund
Spliced Total International Stock Index7
0.11% 0.09% International equity Aggressive
European Stock Vanguard European Stock Index Fund
Spliced European Stock Index8
0.10% 0.08% International equity Aggressive
Pacific Stock Vanguard Pacific Stock Index Fund
Spliced Pacific Stock Index9
0.10% 0.08% International equity Aggressive
Emerging Markets Stock Vanguard Emerging Markets Stock Index Fund
Spliced Emerging Markets Index10
0.14% 0.11% International equity Aggressive

 

Quick links

Investment options and performance

Current investment net asset value

Historical investment net asset value

Invest in philanthropy

 

1While they may be invested in mutual funds, the investment options are not themselves mutual funds, 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 mutual funds, and not for the Vanguard Charitable investment options.

2Standard account expense ratios utilize the Admiral share class of the underlying Vanguard mutual funds when possible.

3Select account expense ratios utilize the Institutional share class of the underlying Vanguard mutual funds where applicable.

4Spliced 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.

5Total 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.

7Spliced 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.

8Spliced 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.

9Spliced 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.

10Spliced 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.

 

**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.

Conservative - 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).

Conservative to moderate - 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).

Moderate - 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).

Moderate to aggressive - 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).

Aggressive - 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.