Thousands of Charles Schwab Employees Unite in Service to Communities Across the Country for Annual Schwab Volunteer Week

8,000 Schwabbies support 700 projects serving 350 nonprofits

Building on its decades-long commitment to community service, 8,000 Charles Schwab employees will roll up their sleeves to take part in Schwab Volunteer Week. Schwab dedicated two full weeks to employee volunteerism April 22-May 3, offering nearly 700 projects that will benefit more than 350 nonprofits across the United States. The annual tradition helps create meaningful connections and a sense of unity between Schwabbies and the communities where they live and work.

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8,000 Charles Schwab employees will roll up their sleeves to take part in Schwab Volunteer Week, serving 350 nonprofits nationwide. (Photo: Business Wire)

“Our giving programs like Schwab Volunteer Week underscore the importance of service at Schwab – not only for our clients but also for our communities,” said Rick Wurster, President of The Charles Schwab Corporation and President and Chair of Charles Schwab Foundation. “Schwab has always been committed to giving back by investing our time, talent and financial resources into strengthening and empowering our local communities.”

Schwab Volunteer Week was designed to make it easy and flexible for employees to participate, offering on-campus, off-site, in-person and virtual volunteer projects. A national network of nearly 200 Schwab community ambassadors played an integral role in creating projects that address local community needs and align to causes employees care about. Employees can choose from nearly 700 service projects, including:

• On-campus drop-in projects at all major employment centers to create care packages for children in the foster care system and “thank you for your service” kits for military members and first responders;
• Activities that support food security through preparing and serving meals, sorting and distributing food donations, and packaging nutritious meals;
• Community beautification, maintenance and clean-up projects that promote environmental stewardship and sustainability;
• As well as a variety of other projects in support of disaster relief preparation, youth education, clothing donations, and animal well-being.

Financial literacy has long been a core cause for Schwab and a cornerstone of Schwab Volunteer Week, and this year’s event features a number of projects focused on financial education, including:

• Workshops featuring Schwab’s flagship financial literacy program Moneywise America to empower students with the knowledge, skills and behaviors to become financially confident;
• Boys & Girls Clubs of America events for teenagers that simulate real-world financial decisions about career, income and expenses, and saving and investing, and;
• A variety of service projects with Girl Scouts of the USA, Junior Achievement and other nonprofit partners that foster financial capability, entrepreneurism, and career development among young people and people in under-resourced communities.

In addition to more than 32,000 hours of employee service, Charles Schwab Foundation will donate up to $575,000 to nonprofits that participate in Schwab Volunteer Week.

Schwab’s commitment to service is apparent year-round, with more than 11,400 employees volunteering more than 148,000 hours in 2023 to support nonprofits in communities across the country. Schwabbies are empowered to serve their communities year-round through a robust suite of volunteer programs and giving benefits such as paid time off to volunteer, group volunteer grants, volunteer training and matching charitable donations.

Schwab has been recognized by Points of Light as one of the 50 most community-minded companies in the United States for seven consecutive years. Watch a Schwab employee share her volunteerism story and follow Schwab Volunteer Week on social media at #Schwab4Good.

About Charles Schwab

At Charles Schwab (NYSE: SCHW) 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 Twitter, Facebook, YouTube, LinkedIn, and Instagram.

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.

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