Charles Schwab Foundation Makes Nearly $600,000 in Grants and Scholarships to Support Financial Literacy in Dallas-Fort Worth
November 07 2022 - 2:25PM
Business Wire
Building on its decades-long commitment to financial literacy,
Charles Schwab commemorated the one-year anniversary of its
signature financial education program, Moneywise America™, by
welcoming 220 Uplift Education students to its Westlake
headquarters for an all-day financial literacy field trip and
surprising students with a $1,000 scholarship to support
post-secondary education opportunities.
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Carrie Schwab-Pomerantz presents check
for $220,000 to Yasmin Bhatia, CEO of Uplift Education (Photo:
Business Wire)
In addition to $220,000 in scholarships, other grants announced
at the event included:
- $220,000 to support ongoing, in-school financial education for
all high school seniors in the Uplift Education network, taught by
Moneywise America-trained volunteers during the 2022-2023 school
year.
- $100,000 to Donors Choose, a national education nonprofit, to
support funding for local teachers’ financial education
projects.
- $25,000 to The Players Company, a collective of current and
former professional athletes dedicated to enabling
wealth-generation in under-resourced communities and educating
youth and young adults in financial literacy.
“Access to financial education is disproportionate in our
country, which is why Schwab is making free, high-quality financial
education accessible to young people across the U.S.,” said Carrie
Schwab-Pomerantz, president of Charles Schwab Foundation. “When
people are financially literate, they’re more likely to go to
college, have higher credit scores, and do better at work. They’re
also better prepared to manage financial shocks that can derail
their goals. We are honored and excited to celebrate the
anniversary of Moneywise America here in Schwab’s hometown
community and to support nonprofits focused on financial wellness
across the Dallas-Fort Worth metroplex.”
Yasmin Bhatia, CEO of Uplift Education, said, “Far too many
schools in our region and across the country are not sufficiently
resourced to offer financial education alongside their core
curricula. On behalf of more than 23,000 students at our 45 schools
across Dallas-Fort Worth, we are grateful to Schwab for making
Moneywise America available to our students today—as well as every
student in America—and for their demonstrated commitment to
improving financial literacy at Uplift schools and across the
metroplex.”
Uplift Education serves a diverse range of students from
low-to-moderate income neighborhoods.
Moneywise America and the financial literacy event aim to help
level the economic playing field for teens across America,
especially those in under-resourced communities. Moneywise America
builds upon Schwab’s decades-long legacy of financial wellness
programming, which has benefited millions.
- Money Matters, a financial literacy program created by Schwab
in partnership with Boys & Girls Clubs of America (BGCA), has
reached more than 1.1 million teens at BGCA clubs across the United
States.
- With DonorsChoose, Schwab designed the Innovation Challenge to
fund and support development of new classroom financial literacy
projects that have reached more than one million students across
all 50 states.
- Schwab sponsors SIFMA Foundation’s annual Capitol Hill
Challenge™, a curriculum-based investment simulation that helps
bridge the financial education gap for youth in under-resourced
communities by pairing members of Congress with low-income schools
to advance financial capability, capital markets literacy and
civics education.
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 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.
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E.J. Bernacki Charles Schwab Phone: 720-329-9273
e.j.bernacki@schwab.com
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