Local Schwab Employees Pitch In at Nine Community Organizations in Indianapolis Area During Schwab Volunteer Week

Education Workshops Highlight Focus on Financial Literacy

Monday, May 17, 2010 8:00 am PDT



Public Company Information:

"Our employees relish the time they get to spend helping others, and the organizations where we pitch in appreciate our efforts as well."

INDIANAPOLIS--(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 100 Schwab employees and executives in the Indianapolis area will donate hundreds of service hours on projects benefiting a school and other 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 Indianapolis-area Schwab employees nominated and selected a number of community projects to which they will donate their time and energy during the week. Helping build financial literacy was a priority for many Schwab employees, and educational outreach to three local groups will occur during the week. These include providing Schwab MoneyWise® workshops to the youth at St. Thomas Aquinas School, to the disadvantaged at Lord’s Pantry, and to the blind and visually impaired at Bosma.

In addition to providing educational workshops, Schwab’s Indianapolis-area employees will perform the following other volunteer activities:

  • Painting and organizing at the Mary Rigg Neighborhood Center;
  • Caring for children at the Family Services Center;
  • Assisting with general outdoor maintenance of green space at the Dayspring Center and the Julian Center;
  • Helping with general maintenance including painting, yard work and outdoor clean-up at the Wheeler-Dowe Boys & Girls Club;
  • Conducting mock interviews with employment candidates at Horizon House.

“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.”

“Philanthropy and volunteerism are important values at Schwab, and we are thrilled to have the opportunity again this year to participate in a week of company-sponsored community service,” said Jeff Ackerson, vice president of Schwab Investor Services in Indianapolis. “Our employees relish the time they get to spend helping others, and the organizations where we pitch in appreciate our efforts as well.”

Other locations for company-organized volunteer projects include Austin; Charlotte, North Carolina; Chicago; Denver; 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)


Charles Schwab
Sarah Bulgatz, 415-667-0328
Karen de Groot, 310-659-5380

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