Schwab Employees Begin Week of Intensive Community Service Across the U.S. to Benefit More Than 90 Nonprofit Organizations

Nearly Two Thousand Employees Volunteer to Assist Nonprofits That Work to Improve the Financial Well-Being of Individuals and Families

Monday, May 17, 2010 6:00 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW
"Giving back to the communities where we serve Schwab clients and where our employees live and work is an important tradition here at Schwab"

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation’s annual Schwab Volunteer Week begins today with a heightened focus on helping everyday Americans become more financially fit. This year’s Volunteer Week, which runs through Friday, May 21, marks the seventh consecutive year Schwab has galvanized its employees to give back during a designated period of company-sponsored time off. Throughout the week, nearly 2,000 employees and executives nationwide will donate approximately 8,000 community service hours on 129 different projects, benefiting 92 nonprofit organizations, many of which aim to help alleviate poverty and provide the foundation for financial stability.

“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.”

“Giving back to the communities where we serve Schwab clients and where our employees live and work is an important tradition here at Schwab,” said Walt Bettinger, president and chief executive officer of The Charles Schwab Corporation. “Extending our energy, expertise and time outside of Schwab and into the lives of the underserved during this special week is something we look forward to with great enthusiasm.”

Locations for the company-organized projects include Austin; Charlotte, North Carolina; Chicago; Denver; Indianapolis; Jersey City; Orlando; Phoenix; Richfield, Ohio; San Francisco; and Raleigh, North Carolina. Additionally, some of the locations will be offering projects on site at Schwab locations to accommodate employees who may not be able to go to the organized off-site projects. Most of the on-site projects will involve assembling tote-bags with comfort items for homeless children, sponsored by Project Night Night.

The Charles Schwab Foundation will also donate a minimum $500 grant to organizations where a Schwab Volunteer Week project is being held. In total, approximately $50,000 in grants will be distributed during Volunteer Week. In addition to leading financial education workshops and mentoring, a variety of volunteer activities are planned for the week, including remodeling and painting shelters, serving food and working on community beautification. Benefiting organizations include:

  • Middle schools and high schools
  • A wide variety of organizations dedicated to providing health, social and human services to seniors, children, women and families
  • Community food banks
  • Homeless shelters and transitional-support programs
  • Youth organizations such as Boys & Girls Clubs of America and Junior Achievement
  • Habitat for Humanity
  • Salvation Army
  • Goodwill
  • Project Night Night

Photos will be posted throughout the week at www.aboutschwab.com/community.

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)

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6292596&lang=en

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

Multimedia Files:

Preview image
Schwab employee Joseph Alvarado carries sheetrock on the roof of a Habitat for Humanity build during 2009 Schwab Volunteer Week.
Preview image
Schwab employee Charlotte Ley prepares to climb the scaffold at a Habitat Humanity build during 2009 Schwab Volunteer Week.

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