Boys & Girls Clubs of America and Charles Schwab Foundation Urge Teens to Commit to Financial Fitness in 2011 with the Make Change Count Pledge

Pledge Asks Teens to Commit to Four Personal Steps and Encourage Their Friends to Do the Same

Thursday, January 20, 2011 6:00 am PST

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW
"The start of a new year is a perfect time to commit to your financial future"

SAN FRANCISCO--(BUSINESS WIRE)--To help teens get on the path to a brighter financial future in 2011, Charles Schwab Foundation and Boys & Girls Clubs of America (BGCA) are asking them to take the Make Change Count Pledge. Thousands of teens have already taken the pledge, which launched in October 2010. The pledge extends the message of the successful Money Matters: Make it CountSM financial education program, funded by Charles Schwab Foundation and available through all Boys & Girls Clubs that serve teens.

“The start of a new year is a perfect time to commit to your financial future,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “With the Make Change Count Pledge, we aim to provide today’s youth with actionable steps to get on the path to lifelong financial well-being, as well as encourage them to inspire others to make positive changes.”

Teens are invited to the take the pledge at www.makechangecount.com and commit to the following steps:

  • Save Money. If I don’t already have one, I’ll open a savings account and add to it regularly. That way, I’ll always have money for the important things in life.
  • Spend Wisely. I'll recognize the difference between needs vs. wants and think carefully about how I spend my money.
  • Plan for College. I'll explore how to make college a reality, because I know it can make a big difference in my future.
  • Share What I Know. I’ll help my friends and family understand how to make good choices with their money, too!

Along with the pledge, the website provides specific learning resources for next steps, with links to valuable tools, such as savings calculators, budgeting plans, financial aid information and interactive games.

About Money Matters: Make It Count

Funded by Charles Schwab Foundation, Boys & Girls Clubs of America’s Money Matters program is designed to promote money management skills among teens, ages 13-18. The program consists of fun, interactive activities and exercises on topics such as using a checking account, managing debt, saving for college and learning the basics of investing. The program is targeted primarily at teens from underserved communities.

Nearly 245,000 youth at approximately 1,600 teen Boys & Girls Clubs across the U.S. have participated in Money Matters since the program’s launch in mid-2004. In addition, over the past five years, Charles Schwab Foundation has presented a cumulative total of $345,000 in scholarships to 167 Club teens who have completed Money Matters and demonstrated exceptional financial skills from their newly acquired knowledge of personal finance.

About Boys & Girls Clubs of America

For more than 100 years, Boys & Girls Clubs of America (www.bgca.org) has changed and saved lives, enabling young people to achieve great futures as productive, caring, responsible citizens. Today, some 4,000 Boys & Girls Clubs serve some 4 million children and teens through Club membership and community outreach. Clubs are located in neighborhoods throughout the country and on U.S. military installations worldwide, providing a wide variety of youth development programs conducted by trained, professional staff. Key programs emphasize academic success, good character and citizenship, and healthy lifestyles. In a Harris Survey of alumni, 57 percent said the Club saved their lives. National headquarters are located in Atlanta.

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. (0111-0715)

By clicking on the BGCA.org link, you will be taken to a website that is not affiliated with The Charles Schwab Corporation. The Charles Schwab Corporation is not responsible for, nor has any control over the BGCA.org website.

Charles Schwab Foundation and Boys & Girls Clubs of America are unaffiliated entities.

Contact:

Charles Schwab
Sarah Bulgatz, 415-667-0328
sarah.bulgatz@schwab.com
or
Boys & Girls Clubs of America
Jennifer Sibley, 404-487-5321
jsibley@bgca.org

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