Charles Schwab Recognized by Points of Light for Driving Social Impact in Communities
June 16 2022 - 1:06PM
Business Wire
Today and for the sixth consecutive year, Points of Light, the
world’s largest nonprofit dedicated to accelerating people-powered
change, recognized Charles Schwab among the 50 most
community-minded companies in the U.S.
For 10 years, The Civic 50 has provided a national standard for
corporate citizenship and showcases how companies can use their
time, skills, and resources to drive social impact in their
communities and company. The Civic 50 honorees are companies with
annual U.S. revenues of at least $1 billion and are selected based
on four dimensions of their corporate citizenship and social impact
programs – investment of resources, integration across business
functions, institutionalization through policies and systems and
impact measurement.
“Our commitment to giving back to our communities is entrenched
in Schwab’s culture of service, and we are honored to be recognized
again by Points of Light,” said Carrie Schwab-Pomerantz, president
of Charles Schwab Foundation. “Schwab is committed to meaningful
community investments and partnerships that advance financial
literacy and make lasting, positive change in communities across
the country. The generous spirit of our employees is more important
than ever as we strive to bring hope and opportunity to communities
across the country.”
Schwab has a long-standing culture of strengthening its local
communities through financial literacy, volunteerism and community
support. Through its signature financial literacy program Moneywise
America, Schwab aims to level the economic playing field by making
free, high-quality financial education accessible to everyone,
helping to close the financial education gap that most schools
struggle to address. In addition to financial literacy, Schwab
employees volunteer thousands of hours annually through Schwab
Volunteer Week, skills-based volunteerism programs, and other
employee-driven volunteer initiatives that benefit nonprofits,
schools, students, teachers, parents and families nationwide.
Schwab is committed to providing financial, people and intellectual
resources that support social causes that are responsive to
community needs and reflective of employees’ interests.
In 2021 alone, Schwab and Charles Schwab Foundation provided
$10.2 million in direct support to more than 3,500 nonprofit
organizations, including nearly $2.5 million in matching funds to
nonprofit organizations supported by Schwab employees. Also in
2021, 4,250 Schwabbies volunteered nearly 10,000 hours to benefit
local communities.
“Corporate leadership and commitment to civic engagement is
critical for strengthening communities,” said Natalye Paquin,
president & CEO of Points of Light. “Our most recent global
research shows 86 percent of people say they expect companies to
take action on a social issue. Companies like Schwab are leading
the way and setting an example of how you can leverage your
employee talent, business models and assets to create deep impact
that drives transformational change.”
The Civic 50 survey is administered by True Impact and consists
of quantitative and multiple-choice questions that inform scoring
process. The Civic 50 is the only survey and ranking system that
exclusively measures corporate involvement in communities.
To view the full report and see the full list of The Civic 50
2022 honorees, visit www.pointsoflight.org/the-civic-50.
For more information on Schwab’s commitment to communities,
visit https://www.aboutschwab.com/giving-back.
About Charles Schwab & Co.
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with 33.8 million active brokerage
accounts, 2.3 million corporate retirement plan participants, 1.7
million banking accounts, and $7.30 trillion in client assets as of
May 31, 2022. Through its operating subsidiaries, the company
provides a full range of wealth management, securities brokerage,
banking, asset management, custody, and financial advisory services
to individual investors and independent investment advisors. Its
broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD
Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC,
https://www.sipc.org), and their 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 Schwab Advisor Services. Its
primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC
and an Equal Housing Lender), provides banking and lending services
and products. More information is available at
https://www.aboutschwab.com.
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are
separate but affiliated companies and subsidiaries of TD Ameritrade
Holding Corporation. TD Ameritrade Holding Corporation is a wholly
owned subsidiary of The Charles Schwab Corporation. TD Ameritrade
is a trademark jointly owned by TD Ameritrade IP Company, Inc. and
The Toronto-Dominion Bank.
Brokerage Products: Not FDIC Insured · No Bank Guarantee · May
Lose Value
About Points of Light
Points of Light is a nonpartisan, global nonprofit organization
that inspires, equips and mobilizes millions of people to take
action that changes the world. Points of Light envisions a world in
which every individual discovers the power to make a difference,
creating healthy communities in vibrant, participatory societies.
Through 177 affiliates across 38 countries, and in partnership with
thousands of nonprofits and corporations, Points of Light engages 5
million volunteers in 16 million hours of service each year. Points
of Light brings the power of people to bear where it’s needed most.
For more information, visit www.pointsoflight.org.
© 2022 Charles Schwab & Co., Inc. Member SIPC.
0622-2MFT
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E.J. Bernacki Charles Schwab 720-329-9273
ej.bernacki@schwab.com
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