Schwab Employees in Austin Volunteer Throughout the Community During Week of Company-Sponsored Service

Efforts Assist Nonprofits That Work to Improve the Financial Well-Being of Individuals and Families

Monday, May 17, 2010 9:00 am PDT

Dateline:

AUSTIN, Texas

Public Company Information:

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

AUSTIN, Texas--(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, over 150 Schwab employees and executives in the Austin-area will donate hundreds of service hours to 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 Austin-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 personal finance lessons and an overview of the core elements of smart money management at Hart Elementary School, and participating in a full day's construction, deconstruction or maintenance projects for Habitat for Humanity.

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

  • Harvesting and washing produce, planting and weeding on the urban organic farm at YouthLaunch’s Urban Roots Program;
  • Performing general landscaping maintenance and building upgrades at LifeWorks (South Location);
  • Helping with a mass reorganization project at Goodwill's MacFarlane retail store;
  • Assisting with the beautification of a recently restored nature trail, including planting flowers and shrubs, and performing general landscaping at the Austin Children’s Shelter;
  • Cleaning, repairing, painting and sorting donations at AngelHeart;
  • 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 a workshop on financial basics at a local Boys & Girls Club or helping Habitat for Humanity build a home for a family in need, our goal is to make a difference in as many people’s lives as we can.”

“Our employees look forward to Schwab Volunteer Week every year,” said Ben Sheppard, vice president of Schwab Retirement Plan Services in Austin. “It’s an opportunity to not only roll up our sleeves and benefit the community, but also to engage with our co-workers in a way that’s different from what we do day-to-day. This week allows us to really connect with our neighbors and make a difference.”

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

Corporate Public Relations
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888-767-5432

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