Charles Schwab Foundation Commits $2 Million to Expand Access to Financial Education Through New Schwab Moneywise Momentum Grants

Grants, employee engagement, nonprofit partnerships, and free resources advance Schwab’s long-term commitment to financial education

WESTLAKE, Texas--(BUSINESS WIRE)--As Financial Literacy Month brings renewed attention to the importance of practical money skills, Charles Schwab Foundation today announced the launch of a new annual grant program to encourage fresh thinking and innovative solutions to help advance financial literacy. Through the Schwab Moneywise Momentum Grants program, Schwab is committing up to $2 million this year to support nonprofit organizations that are taking new and distinctive approaches to expand access to effective financial education, with a priority on helping more people build the practical, relevant money skills they need to prosper in life.

The Schwab Moneywise Momentum Grants build upon Charles Schwab Foundation’s decades long commitment to financial literacy and its multi-million-dollar annual investment in financial education programs with leading youth development organizations across the country. Beginning in May, organizations can submit a Letter of Interest through the online grant portal. Additional details will be available at SchwabMoneywise.com.

“Financial Literacy Month is a timely moment to elevate the conversation, but building financial skills and confidence takes more than a calendar reminder,” said Chris Wyse, Chief Corporate Affairs Officer at Charles Schwab and President and Chair of Charles Schwab Foundation. “At Schwab, we believe everyone deserves access to practical financial education, whether they’re learning for the first time or building on what they already know. Through the Schwab Moneywise Momentum Grants, we’re supporting organizations that demonstrate strong potential to expand access to effective financial education, paving the way for more people—especially young people—to gain the knowledge and confidence to make informed financial decisions that can strengthen families and communities.”

In addition to grantmaking, Schwab launched a Dollars for Doers program for employees who are passionate about volunteering to support financial literacy in their communities. Through the program, employees can earn $100 for each eligible financial literacy volunteer project, up to $500 annually, which they can direct to nonprofits of their choice. Supported by paid volunteer time off and training resources, Schwab employees serve as educators, mentors, and community leaders, bringing financial education to life in their local communities.

Schwab’s financial literacy efforts are further strengthened through long-standing national partnerships with organizations including Boys & Girls Clubs of America, DonorsChoose, Girl Scouts of the USA, Junior Achievement, National 4-H Council, and SIFMA Foundation. Schwab also collaborates with organizations such as Jump$tart Coalition and Council for Economic Education on targeted initiatives that help build teachers’ skills and confidence to deliver effective financial education. Together, these collaborations reach millions of young people each year, helping translate financial concepts into practical skills that support lifelong financial well-being.

To ensure financial education is accessible beyond classrooms and community programs, Schwab also offers free, unbiased resources for teens and adults of all ages through SchwabMoneywise.com. The platform provides practical guidance on saving, budgeting, credit, and investing, as well as articles, tools, and Money Talk, a biweekly column authored by Schwab Certified Financial Planners® focused on everyday financial decisions.

Through this work, Schwab is helping young people and families build financial confidence and stability—laying the foundation for brighter futures and stronger communities.

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). Its mission is to help people of all backgrounds achieve brighter futures by advancing financial literacy and fostering stronger communities. More information is available at www.schwabmoneywise.com/foundation.

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