Richfield Schwab Employees Donate Sweat Equity to Six Nonprofits During Schwab Volunteer Week

Nearly 100 Schwab Employees to Participate in Community Service Activities at Local Nonprofit Organizations

Monday, May 17, 2010 7:00 am PDT

Dateline:

RICHFIELD, Ohio

Public Company Information:

NYSE:
SCHW
"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."

RICHFIELD, Ohio--(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 Schwab 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, nearly 100 Schwab employees and executives in the Richfield area will donate hundreds of service hours on projects benefiting local 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 Richfield-area Schwab employees nominated and selected a number of community projects to which they will donate their time and energy during the week. These included teaming up with Junior Achievement to provide money management lessons at Gracemount School in Cleveland, and preparing meals at The Salvation Army in Akron.

In addition to these activities, Schwab’s Richfield-area employees will perform the following volunteer activities:

  • Cleaning, organizing and conducting yard work at the Battered Women’s Shelter of Summit and Medina Counties;
  • Caring for and reading to children at the Boys & Girls Club of Akron;
  • Helping build a house for a family in need on behalf of Habitat for Humanity;
  • On behalf of Project Night Night, assembling tote bags 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 delighted to be lending a hand to so many great organizations in and around Richfield.” said Steve Anderson, senior vice president of Schwab Retirement Plan Services. “Community service is an important tradition here at Schwab, and having a special week like this where the company provides time off to pitch in at local nonprofit organizations is really valued by our employees and the organizations alike.”

Other locations for company-organized volunteer projects include Austin; Charlotte, North Carolina; Chicago; Denver; Indianapolis; Jersey City; Orlando; Phoenix; 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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