VANGUARD CHARITABLE ENDOWMENT PROGRAM

Vanguard Charitable is a leading U.S. nonprofit organization that fulfills its mission to increase philanthropic giving by sponsoring donor-advised funds—a tax-effective way to consolidate, accrue, and grant assets to charity. Our philanthropic accounts offer donors a flexible and convenient way to give and, ultimately, help them make a greater charitable impact. Vanguard Charitable was founded by Vanguard in 1997 as an independent 501(c)(3) organization. Although we are separate entities, Vanguard Charitable is strongly aligned with Vanguard’s principled investment philosophy and unwavering values, including its commitment to diversification, transparency, and cost-effective service. We firmly believe in the importance of a long-term, strategic charitable plan that minimizes costs and maximizes impact.