Record-Breaking Number of Schwab Employees Embark on Community Service Projects
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--Thousands of Schwab employees and executives today will roll up their sleeves to help local charities in more than 150 cities across the United States as part of The Charles Schwab Corporation’s 12th annual Schwab Volunteer event. This year’s event is expected to have a record number of participants, with more than 4,600 Schwab employee volunteers, benefiting well over 200 charities coast to coast. Approximately 200 Schwab branch offices around the country will participate in the week-long event this year.
“Throughout the year, Schwab employees volunteer their sweat equity and intellectual capital to help nonprofit organizations build financial capability for the people they serve,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “We see these community service efforts as an extension of what Schwab does every day, helping people make the most of their financial resources and achieve their goals. Schwab Volunteer Week represents a special company-wide effort to rally our troops, celebrate Schwab’s culture of service and make an extra big impact in the communities where we live and work.”
Many Schwab Volunteer Week projects are designed to help nonprofits work toward increasing financial capability and well-being for the people they serve, but Schwab employees can also sign up for a range of other, diverse volunteer projects. These include light construction, landscaping and gardening, painting and cleaning, and meal service. Benefiting organizations include:
- Youth development organizations such as Boys & Girls Clubs of America, Junior Achievement and Big Brothers Big Sisters;
- Public elementary and high schools;
- A wide variety of human services and economic development organizations, including Habitat for Humanity, Goodwill, the Salvation Army, Dress for Success, Meals on Wheels, Society of St. Vincent de Paul and Project Night Night.
In addition, Charles Schwab Foundation will provide each participating nonprofit organization an average grant of $500 as it has done during Volunteer Week in previous years.
“Schwab volunteers have long contributed to Habitat for Humanity. Our Denver ReStores support Habitat for Humanity’s Homeownership Program through the sale of donated building materials and home furnishings. Schwab volunteers always bring a joy, energy and enthusiasm that make them a pleasure to work with, and they will be working hard to make the dream of home ownership a reality for low-income Denver-area families,” said Alice Goble, manager of Habitat ReStore Volunteer Programs.
Employee volunteer photos will be posted throughout the week and can be viewed and downloaded here. To see additional ways Schwab employees donate their time and talents during Schwab Volunteer Week and throughout the year, watch this video.
About Charles Schwab Foundation
Charles Schwab Foundation is an independent nonprofit public benefit corporation, funded by The Charles Schwab Corporation and classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company, The Charles Schwab Corporation. Its mission is to educate, volunteer and advocate on behalf of those in need so that everyone has the opportunity to achieve financial well-being. More information is available at www.aboutschwab.com/community_services.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. 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; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.
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