Thousands of Schwab Employees Nationwide Mobilize for Week of Community Service

More Than 2,000 Employees to Donate Thousands of Hours of Service for Nonprofits and Municipal Organizations

Monday, May 11, 2009 6:15 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NASDAQ:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation is kicking off its sixth annual companywide Schwab Employee Volunteer event today, but unlike previous years in which volunteering during regular business hours was confined to just one day in May, this year’s event will span a full week. More than 2,000 Schwab employees and executives nationwide have signed up to participate in a total of approximately 120 projects from today through Friday, May 15, contributing an aggregate of over 9,000 work hours for the benefit of some 110 nonprofit and municipal organizations.

“Over the past five years, the numbers of participants in ‘Schwab Volunteer Day’ have steadily grown, but what we heard from employees was that the event should be expanded to more cities, and that we should also try to accommodate more employees’ schedules,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “We took that feedback to heart, and this year’s Schwab Volunteer Week was designed to give more Schwabbies around the country the opportunity to participate in Schwab’s great legacy of community giving.”

“We are advocates for our clients through all the ways in which we serve them,” said Walt Bettinger, president and chief executive officer of The Charles Schwab Corporation. “In a similar way, we strive to serve the communities we do business in day to day. While our commitment to community service is ongoing, Schwab Volunteer Week offers employees a special opportunity to team up with their colleagues on a variety of projects that make an immediate impact right in the communities where they live.”

Locations for the company-organized projects include Austin; Chicago; Denver; Indianapolis; Orlando; Phoenix; Richfield, Ohio; San Francisco; and Raleigh, North Carolina. Additionally, employees at multiple other locations across the country have nominated and are leading their own group-volunteer projects in support of the causes they care about. In addition to volunteering, employee teams may also apply for a Volunteer Team grant of up to $1,000 from Charles Schwab Foundation to benefit the organizations for which they are providing hands-on, direct service.

Benefiting organizations include:

  • Middle schools and high schools
  • Animal welfare and rescue organizations
  • A wide variety of organizations dedicated to providing health, social and human services to seniors, children, women and families
  • Municipal parks, shorelines, gardens and recreation areas
  • Community food banks
  • Centers devoted to music and the arts
  • Youth organizations such as Boys & Girls Clubs of America and Junior Achievement
  • Habitat for Humanity
  • Salvation Army
  • Ronald McDonald House Charities

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.5 million client brokerage accounts, 1.5 million corporate retirement plan participants, 508,000 banking accounts, and $1.1 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. 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. The Charles Schwab Bank (member FDIC) 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. (0509-8997)

Photo Caption:

Schwab employees roll up their sleeves for direct community service during Schwab Volunteer Week.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5961098&lang=en

Contact:

Charles Schwab
Sarah Bulgatz, 415-636-5940
sarah.bulgatz@schwab.com

Multimedia Files:

Preview image
Schwab employees roll up their sleeves for direct community service during Schwab Volunteer Week. (Photo: Business Wire)

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