INDIANAPOLIS--()--Charles Schwab Foundation has announced a new relationship with Goodwill Industries International, as part of the Foundation’s strategic initiative to create locally tailored programs that aim to improve the financial well-being of the underserved and working poor in locations where Schwab has a significant employee presence. The first of these programs was launched in 2008 in San Francisco with Single Stop USA, followed in 2009 by a second program in Austin, Texas, with Foundation Communities. This new alliance with Goodwill® will support and help build the Good Assets Program, a program that provides comprehensive services and training to strengthen the economic stability of individuals and families. The program will be piloted by Goodwill Industries® of Central Indiana (GICI) and assist people in the communities of central Indiana.
“We are so excited to be a part of this initiative with Goodwill”
In addition to $450,000 to be funded by the Foundation over a two-year period, the new program includes a Schwab employee volunteer initiative in which employees will participate in a range of short- to long-term Goodwill community service opportunities, including general office administrative support, one-on-one financial coaching sessions and ongoing educational workshops to help people better manage their paychecks and support their families. Heading up the local initiative and coordinating employee volunteer efforts is Vice President and Branch Manager Tim Wydo from Schwab’s Indianapolis branch at 137 N. Meridian Street.
“By promoting financial literacy and empowerment as our social cause, we have the ability to leverage the expertise of our employees and make a significant impact on the financial well-being of the individuals and families in the communities where we live and work,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “Teaming up with Goodwill gives us a way to deepen our impact in central Indiana and complements the work we’re already doing with Boys & Girls Clubs of America, City of Indianapolis, Junior Achievement, Taylor University and the Academy of Finance.”
“We are so excited to be a part of this initiative with Goodwill,” added Wydo. “For us at Schwab, it’s a heartfelt effort to help local families and individuals fight poverty and improve their lives.”
“Through Good Assets we will equip Goodwill employees and the community with tools so they are able to make educated financial decisions that will minimize living paycheck to paycheck,” said Jim McClelland, president, GICI. “We expect to see individuals gain the knowledge and tools they need to sustain their families and grow their wealth by taking responsible actions to protect what they have and avoid future pitfalls. Goodwill is grateful to Charles Schwab Foundation for supporting this exciting initiative,” added McClelland.
The program launches this week, with nearly two dozen trained Schwab employees beginning their volunteer work as financial coaches, classroom instructors and office assistants, providing services to Goodwill program participants and employees.
The program also includes incentives to all Good Assets participants to promote recruitment, engagement and completion of the classroom and coaching segments:
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. Charles Schwab Foundation and Goodwill Industries International are not affiliated.
About Goodwill Industries of Central Indiana
Goodwill is a community resource that offers employment and educational services to adults and young people throughout central Indiana. Through a variety of services, Goodwill helps people find jobs and helps young people prepare for life and work. More information is available at http://www.goodwillindy.org/.
About Goodwill Industries International
Goodwill Industries International is a network of 166 community-based agencies in the United States and Canada with 14 affiliates in 13 other countries. Goodwill is one of North America’s top five most valuable and recognized nonprofit brands as well as a leading social services enterprise (Source: Cone Nonprofit Power Brand 100, 2009). Goodwill agencies are innovative and sustainable social enterprises that fund job training programs, employment placement services and other community-based programs by selling donated clothing and household items in more than 2,400 retail stores and online at shopgoodwill.com. Local Goodwill agencies also build revenue and create jobs by contracting with businesses and government to provide a wide range of commercial services, including packaging and assembly, food service preparation, and document imaging and shredding. In 2009, nearly 2 million people in the United States and Canada benefited from Goodwill's career services. Goodwill channels 84 percent of its revenues directly into its programs and services. To find a Goodwill location near you, use the online locator at www.goodwill.org, or call (800) 741-0186. Twitter: @GoodwillIntl. Facebook: GoodwillIntl.