Charles Schwab Foundation and Boys & Girls Clubs of America Name 2026 Money Matters Ambassador and Scholarship Recipients

Money Matters delivers credible financial education that helps teens build confidence and navigate an increasingly complex financial world

Key Takeaways:

• Charles Schwab Foundation and Boys & Girls Clubs of America have named Carol L. the 2026 Money Matters Ambassador, earning a $10,000 scholarship and serving as a national advocate for teen financial literacy.
• Money Matters helps teens build practical financial skills to navigate real-world decisions, from managing a first paycheck to planning for college and beyond.
• Money Matters has reached more than 1.2 million teens since 2004 through Charles Schwab Foundation’s longstanding partnership with Boys & Girls Clubs of America.

WESTLAKE, Texas--(BUSINESS WIRE)--Charles Schwab Foundation and Boys & Girls Clubs of America today announced Carol L., a recent graduate of Balboa High School in San Francisco, as the 2026 Money Matters Ambassador. Carol, who will attend the University of California, Berkeley, this fall as a first-generation college student, was selected from teens nationwide for her leadership, academic achievement, and commitment to financial literacy. She will serve as a national advocate for financial education and receive a $10,000 scholarship.

After participating in Money Matters, Carol began viewing money not just as something to spend, but as a tool to achieve her long-term goals. The Money Matters financial education program from Boys & Girls Clubs of America helped shape how she approached her first paycheck by using her earnings to fund coursework and advance her path to college as a first-generation student.

Carol, a member of Boys & Girls Club of San Francisco's Excelsior Clubhouse and a finalist in the organization's 2026 Youth of the Year competition, has applied the financial skills she gained through Money Matters to pursue educational opportunities and give back to her community. She used income from internships to fund an online summer course and Advanced Placement exams and has raised more than $6,000 for community causes. She also advocates for paid internships so more young people can gain career experience and develop financial confidence.

“Money Matters helped me see money as something I could use to create opportunities for myself and my future,” said Carol. “The program gave me the confidence to think ahead about college, make smart financial decisions, and work toward building a career where I can help open doors for others.”

At a time when many young people are navigating rising education costs and financial independence earlier in life, programs like Money Matters help teens build practical financial skills they can use right away.

Money Matters Ambassador Program at a Glance:

• The Money Matters Ambassador serves as a national advocate for financial literacy and represents the program, earning a $10,000 scholarship in recognition of their achievements.
• The program helps teens build practical financial skills for real-world decisions, from managing a first paycheck to planning for college and beyond.
• Since its launch in 2004, the Money Matters Ambassador scholarship program has awarded more than $760,000 to 360 students, helping them pursue college, career training, and other educational opportunities.
• Through Charles Schwab Foundation’s longstanding partnership with Boys & Girls Clubs of America, Money Matters has reached more than 1.2 million teens since 2004.
• Money Matters is part of Charles Schwab Foundation’s broader commitment to expand access to trusted financial education and help young people build lifelong financial confidence.

“Money Matters helps young people turn financial knowledge into real-world action,” said Kristine Dixon, Executive Director of Charles Schwab Foundation. “Carol’s story shows what’s possible when teens have access to the right tools and opportunities. She’s using what she’s learned to invest in her future and expand opportunities for others. We’re proud to recognize her as this year’s Ambassador.”

Four additional finalists were also awarded $5,000 scholarships in recognition of their achievements in the program: Aaron of Boys & Girls Clubs of Metro Greater Milwaukee; Benjamin, Boys & Girls Club of Crittenden County; Enrique, Boys & Girls Clubs of St. Lucie County; and Idimiawa, Boys & Girls Clubs of Metro Greater Milwaukee.

Learn more about Charles Schwab Foundation's partnership with Boys & Girls Clubs of America to advance financial literacy and help young people achieve brighter futures.

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 www.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). 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.

Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation funded by The Charles Schwab Corporation. It is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation. The Foundation and The Charles Schwab Corporation and its affiliates are unaffiliated with Boys & Girls Clubs of America.

About Boys & Girls Clubs of America

For more than 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. Over 5,500 Clubs serve more than 4 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. The national headquarters is located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebook and LinkedIn.

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