11 Phoenix Nonprofits Receive Service from Local Schwab Employees During Schwab Volunteer Week

Multiple Educational Workshops Highlight Focus on Financial Literacy

Monday, May 17, 2010 10:00 am PDT

Dateline:

PHOENIX

Public Company Information:

NYSE:
SCHW
"Highest in Investor Satisfaction with Self-Directed Services"

PHOENIX--(BUSINESS WIRE)--Local Charles Schwab employees begin participating today in the company’s annual Schwab Volunteer Week, with a heightened focus this year on helping everyday Americans become more financially fit. This year’s Volunteer Week, which runs through May 21, marks the company’s seventh consecutive year that Schwab has galvanized its employees to give back during a designated period of company-sponsored time off. During the week, more than 250 Schwab employees and executives in the Phoenix-area will donate hundreds of service hours on projects benefiting a school and other community-focused nonprofit organizations, many of which aim to help alleviate poverty and provide the foundation for financial stability. Nationally, nearly 2,000 Schwab employees across the U.S. are volunteering to benefit 92 different nonprofit organizations.

Local Phoenix-area Schwab employees nominated and selected a number of community projects to which they will donate their time and energy during the week. Increasing financial literacy was a priority for many Schwab employees, and educational outreach to three local groups will occur during the week. These include:

  • Central Arizona Shelter Services (CASS): Schwab employees will lead a SchwabMoneyWise® workshop in the Employment Services Division to help the Shelter’s clients learn how to better manage their finances. In addition, volunteers will be paired with CASS clients to discuss career development and interviewing techniques;
  • Junior Achievement: Schwab employees will teach money management basics at the Alfred F. Garcia Elementary School and help students complete various exercises as they learn about personal finance and free enterprise at Junior Achievement locations;
  • St. Vincent de Paul: Schwab employees will help St. Vincent de Paul clients with job-readiness skills, such as resume-writing, how to search for jobs online and mock interview practice.

In addition to providing educational workshops, Schwab’s Phoenix-area employees will perform the following volunteer activities:

  • Painting, gardening and cleaning new homes for families with Save the Family and Habitat for Humanity;
  • Sprucing up the facilities and gardening at the Fountain Hills, Thunderbirds and Rose Lane Boys & Girls Club branches;
  • On behalf of Project Night Night, assembling care packages for homeless children with comfort items such as a security blanket, book and stuffed animal.

“This year’s Volunteer Week was inspired by our collective passion here at Schwab to break down barriers for people and help them attain financial well-being,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “Whether it’s leading workshops on financial basics at local schools or serving food to people who otherwise would not have a meal, our goal is to make a difference in as many people’s lives as we can.”

“We are thrilled to share our time, knowledge and energy with the community on projects that really help people,” said Brian McDonald, vice president of Schwab Investor Services. “Providing hands-on support to our communities is an important tradition at Schwab, and we look forward to making a difference in every way we can.”

Other locations for company-organized volunteer projects include Austin; Charlotte, North Carolina; Chicago; Denver; Indianapolis; Jersey City; Orlando; Richfield, Ohio; San Francisco; and Raleigh, North Carolina. In addition to Schwab employees’ service, Charles Schwab Foundation will donate a minimum $500 grant to organizations where a Schwab Volunteer Week project is being held.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 7.9 million client brokerage accounts, 1.5 million corporate retirement plan participants, 783,000 banking accounts, and $1.5 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Named “Highest in Investor Satisfaction with Self-Directed Services” by J.D. Power and Associates in 2009, its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com.

About Charles Schwab Foundation

Charles Schwab Foundation is a private, nonprofit organization funded by the Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy and volunteerism. More information is available at www.aboutschwab.com/community. (0510-3055)

Contact:

Charles Schwab
Sarah Bulgatz, 415-667-0328
sarah.bulgatz@schwab.com
or
CRT/tanaka
Karen de Groot, 310-659-5380
kdegroot@crt-tanaka.com

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