Charles Schwab Named One of the 50 Most Community-Minded Companies in the U.S. for Eighth Consecutive Year
30 Mayo 2024 - 7:00AM
Business Wire
Charles Schwab was recognized among the 50 most community-minded
companies in the country by Points of Light, the world’s largest
nonprofit dedicated to accelerating people-powered change.
For more than a decade, The Civic 50 has served as the national
standard for corporate citizenship and showcases how leading
companies are moving social impact and community to the core of
their business. 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 and volunteerism, integration
across business functions, institutionalization through policies,
and systems and impact measurement.
“Schwab has a longstanding commitment to support and strengthen
the communities where our clients and employees live and work by
investing resources to advance financial literacy,” said Schwab
President Rick Wurster. “We are honored to be recognized again by
Points of Light for our work to empower Americans and foster strong
communities through volunteerism and a focus on financial
education.”
Schwab’s focus on financial education is rooted in the belief
that everyone should have the opportunity to achieve financial
well-being. Through its flagship financial literacy program
Moneywise America, Schwab helps to level the economic playing field
and close the financial education gap by making free, high-quality
financial education accessible to everyone. 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, and communities nationwide. Schwab
also provides financial, people and intellectual resources in
support of social causes that are responsive to community needs and
reflective of employees’ interests.
In 2023, Charles Schwab Foundation granted $13.9 million to
nonprofits nationwide, including $2.6 million for employee matching
gifts, while 11,400 employees volunteered 148,000 hours in service
to their local communities through Schwab’s paid time to volunteer
program.
“Expectations for companies to be leaders in civic engagement
continue to increase,” said Jennifer Sirangelo, president and CEO,
Points of Light. “Charles Schwab demonstrates how to maximize the
full range of their assets – from people power to policy to
financial contributions – to meet pressing needs and create
thriving communities where they live and work. We’re thrilled to
uplift and celebrate them as an honoree of The Civic 50 2024.”
The Civic 50 survey is administered by True Impact, and the
results are analyzed by VeraWorks. The survey instrument consists
of quantitative and multiple-choice questions that inform the
scoring process. The Civic 50 is the only survey and ranking system
that exclusively measures corporate community engagement.
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.
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. We envision a world in which every
individual discovers the power to make a difference, creating
healthy communities in vibrant, participatory societies. Through
145 affiliates across 39 countries, and in partnership with
thousands of nonprofits and corporations, Points of Light engages
3.7 million people in 16.7 million hours of service each year. We
bring the power of people to bear where it’s needed most. For more
information, visit pointsoflight.org.
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Stephanie Corns Stephanie.corns@schwab.com 415.539.7001
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