SAN FRANCISCO--(BUSINESS WIRE)--As part of a long-standing tradition celebrating Schwab’s culture of service, thousands of Schwab employees and executives (“Schwabbies”) today will begin Schwab’s 14th annual week-long volunteer event by rolling up their sleeves to help local and national charities. This year’s Schwab Volunteer Week is expected to break previous years’ records, with nearly 6,000 Schwab employee volunteers signed up for approximately 500 service projects that will benefit hundreds of charities coast to coast. Schwabbies will donate approximately 23,000 volunteer hours during the week, valued at an estimated $537,000. In addition, Charles Schwab Foundation, the corporate foundation, will provide a total of close to $144,000 in grants to participating nonprofits during Schwab Volunteer Week, as it has in years past.
“Schwab Volunteer Week is absolutely my favorite week of the year,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “Employee volunteerism and philanthropy run deep at Schwab, but this particular week gives us a special opportunity to celebrate our esprit de corps and passion for teamwork in order to make greater impact in the communities where we live and work.”
Many Schwab Volunteer Week projects are designed to help nonprofits increase the financial capability and well-being of the people they serve, but Schwab employees can also participate in a range of other, diverse volunteer projects. These include light construction, landscaping and gardening, painting and cleaning, and meal service. Benefiting organizations include:
- Youth development organizations such as Boys & Girls Clubs of America, Junior Achievement and Big Brothers Big Sisters;
- Public elementary, middle and high schools;
- A wide variety of human services and economic development organizations, including Dress for Success, Goodwill, Habitat for Humanity, Meals on Wheels, Ronald McDonald House, and the Society of St. Vincent de Paul.
About Charles Schwab Foundation
Charles Schwab Foundation is an independent nonprofit public benefit corporation, funded by The Charles Schwab Corporation and 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
About Charles Schwab
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) 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; compliance and trade monitoring solutions; 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 lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.
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