Thousands of “Schwabbies” Gear up to Lend a Helping Hand to over 100 Charities During Schwab Volunteer Week
More than 2,600 employees across the U.S. join forces to help non-profits in their communities
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation’s annual Schwab Volunteer Week begins today in 45 cities across the U.S. This year’s event, which runs through Friday, May 25, marks the ninth consecutive year that Schwab has galvanized its employees to volunteer during a week-long period of company-sponsored time off. Throughout the week, over 2,600 employees and executives from coast to coast will spend approximately 11,000 hours on more than 160 different service projects benefiting some 118 charities, many of which aim to help alleviate poverty and provide the foundation for financial well-being.
“This is an event we absolutely look forward to all year,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “While we support Schwab employees’ philanthropic giving and community service in a variety of ways throughout the year, Schwab Volunteer Week provides a unique opportunity to team up with colleagues and get out into the community en masse to pitch in for organizations that do great work. In fact, the non-profits we support look forward to Schwab Volunteer Week as much as we do. It’s no secret that the event is a lot of fun, too.”
“Many of our employees participate in our Time to Volunteer program, which offers paid time off to volunteer throughout the year; in fact, during 2011 we supported close to 18,000 volunteer hours,” said Executive Vice President of Human Resources Jay Allen. “Schwab Volunteer Week, in particular, energizes people. The enthusiasm for this week reflects the spirit of service we want employees to bring to all that we do and the values that simply make Schwab a great place to work.”
In addition to leading financial education workshops and providing financial mentoring and coaching, Schwab employee volunteers will engage in projects calling for sweat equity, including light construction, remodeling, painting, serving food and working on landscape and garden improvements. Benefiting organizations will include:
- Elementary schools, middle schools and high schools
- A variety of local organizations dedicated to providing health, social and human services to seniors, children, women and families, veterans and the disabled
- Workforce development and career-building organizations
- Homeless shelters and transitional-support programs
- Youth organizations such as Boys & Girls Clubs of America, Homeward Bound and Junior Achievement
- Habitat for Humanity
- Salvation Army
- Goodwill Industries
- Project Night Night
- Easter Seals
- Dress for Success
As in years past, many of Schwab’s locations will be offering projects on-site to accommodate employees who may not be able to leave the office. On-site projects will include assembling tote-bags with comfort items for homeless children, making sandwiches for soup kitchen clients and decorating “one-sies” for new single mothers in transitional homes.
Charles Schwab Foundation will also make an average $500 grant to each organization where Schwab Volunteer Week projects are being held. In total, $73,000 in grants will be distributed during Schwab Volunteer Week.
Photos of Schwab Volunteer Week projects and activities will be posted throughout the week and can be viewed and downloaded at http://photos.aboutschwab.com.
Employee volunteer stories will be posted on Schwab’s blog, SchwabTalk, at http://www.aboutschwab.com/press/blog/.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million client brokerage accounts, 1.5 million corporate retirement plan participants, 808,000 banking accounts, and $1.83 trillion in client assets as of May 14, 2012. 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 Schwab Advisor Services. 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 and www.aboutschwab.com.
About Charles Schwab Foundation
The Charles Schwab Foundation is a nonprofit public benefit corporation, 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/. (0512-3545)