DENVER--(BUSINESS WIRE)--Charles Schwab announced today the start of “Schwab Gives” in Denver, an initiative to engage the community in supporting the work of select local charities in Denver. Every year during Schwab Volunteer Week, thousands of Schwab employees across the U.S. receive paid time off to roll up their sleeves and pitch in at local nonprofits. Traditionally, Charles Schwab Foundation matches employees’ donation of time and energy with a $500 grant to each participating organization. What’s new this year is that Schwab will donate an additional $10,000 to one of these nonprofits, based on the people’s choice. The public is invited to cast their vote on Facebook for the organization they would like to see get the additional $10,000 grant.
“Schwab Volunteer Week is one of the ways Schwab stays actively involved in local communities, helping people become financially fit,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “Schwab Gives is a new opportunity for the public to join us in supporting the important work of nine local charities.”
Members of the community are invited to cast their vote by visiting the “Schwab Gives” tab on Schwab MoneyWise’s Facebook page, Facebook.com/SchwabMoneyWise. Votes must be cast between Monday, May 2 and Wednesday, May 18, in order to count. The winning organization will be announced and check presented on Friday, May 20. The public can log in to Facebook to learn about the participating nonprofits and vote for any one of them:
- Hope Communities of Denver
- Junior Achievement-Rocky Mountain, Inc.
- The Delores Project
- Easter Seals Colorado
- Denver Rescue Mission
- Boys & Girls Clubs of Metro Denver
- Project Night Night
- Urban Peak
- Family HomeStead
Once their vote has been cast, the public also will have the opportunity to share which charity they voted for with their Facebook friends. If the campaign is successful, “Schwab Gives” will expand to other regions next year.
“A grant of $10,000 can have a big impact in a local market,” said Sherri Kroonenberg, senior vice president/Schwab Investor Services and senior location leader in Denver. “As in years past, thousands of our employees will participate in Schwab Volunteer Week, and with ‘Schwab Gives’ the public can now participate too by voting for their charity. Denver is one of several cities where Schwab employees and the community team up to make a significant difference. We encourage everyone in Denver to be an advocate and let your voice be heard to support the great work of our local nonprofits.”
This year marks the eighth consecutive year that Schwab has galvanized its employees to give back during a designated period of company-sponsored time off. Throughout the week, nearly 2,300 employees and executives nationwide will donate approximately 9,600 community service hours on approximately 144 different projects benefiting 92 nonprofit organizations, many of which aim to help alleviate poverty and provide the foundation for financial stability.
About Charles Schwab Foundation
Charles Schwab Foundation is a private, nonprofit organization funded by 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
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.1 million client brokerage accounts, 1.44 million corporate retirement plan participants, 719,000 banking accounts, and $1.65 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. 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. (0511-2775)
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