Charles Schwab Celebrates the “Season of Giving” with $750,000 in Nonprofit Grants and 500,000+ Healthy Meals Donated to Hunger Relief Nonprofits

Meal-packing events, donation drives provide relief for families across the country ahead of the holidays

WESTLAKE, Texas--(BUSINESS WIRE)--To mark its annual “Season of Giving” program, Charles Schwab is focused on providing hunger relief to communities nationwide by packaging 500,000+ meals, donating thousands of pounds of food, and providing financial support to food banks and other nonprofits through Charles Schwab Foundation.

More than 3,200 Schwab employees across the country volunteered to pack nutritious meals that will be distributed within their local communities, in addition to collecting food, toys, and other goods to support local families during the holiday season. Recognizing that hunger relief is a year-round need, Charles Schwab Foundation granted $750,000 to local food banks and nonprofits focused on food insecurity in 14 communities where most Schwab employees live and work.

“Schwab was built on a culture of service for our clients that extends to our local communities,” said Rick Wurster, president of The Charles Schwab Corporation and president and chair of Charles Schwab Foundation. “It’s because of that dedicated spirit of service from our employees across the country that we can help foster stronger communities by addressing a critical need this holiday season.”

Schwab’s commitment to service is apparent year-round, with more than 11,000 employees volunteering in 2023. Over the last six weeks during this Season of Giving, Schwab employees volunteered more than 4,250 hours to support 20 nonprofits.

To coordinate the packaged meal donations, Schwab partnered with Harvest Pack, a leading 501(c)(3) humanitarian hunger relief nonprofit organization that addresses food insecurity by supporting volunteers in bringing meal-packing events to their local communities.

“One in ten Americans lives in a household with food insecurity,” said William McNally, executive director of Harvest Pack. “It’s a pervasive issue, and through the support of companies like Charles Schwab that are deeply invested in their local communities, we can make sure every family has a nutritious meal on the table.”

For more information, please visit www.aboutschwab.com/giving-back.

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.

More information is available at aboutschwab.com. Follow us on X, Facebook, YouTube, and LinkedIn.

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.schwabmoneywise.com/foundation.

About Harvest Pack

Founded in 2012, Harvest Pack is a 501(c)(3) humanitarian organization addressing the issue of food insecurity by supporting volunteers in bringing meal packing events to their local communities. The meals packed at a Harvest Pack event, full of essential vitamins and minerals, are then donated to local nonprofit partners who distribute to food insecure communities. We envision a world where healthy food is accessible to everyone, regardless of where they were born or how much money they have. Visit www.harvestpack.org to learn more about hosting a Harvest Pack event in your community.

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