CHARLES SCHWAB FOUNDATION RENEWS ITS COMMITMENT TO FUND THE MONEY
MATTERS: MAKE IT COUNTSM
FINANCIAL EDUCATION PROGRAM WITH BOYS & GIRLS CLUBS OF AMERICA
Program Earns Prestigious Excellence Award from the Committee for
Encouraging Corporate Philanthropy
SAN FRANCISCO, June 3,
2009 — Charles Schwab Foundation announced today that it is renewing its
commitment to continue funding Money Matters, the financial education
program offered through every Boys & Girls Club that serves teens
throughout the U.S.
Nearly 180,000 youth at approximately 1,500 teen Boys & Girls Clubs
across the U.S. have participated in Money Matters since the program’s
launch in mid-2004, according to data just released by Boys & Girls
Clubs of America. During 2008 alone, approximately 60,000 Club teens
completed Money Matters, far exceeding expectations. In addition, over
the past five years, Charles Schwab Foundation has presented a
cumulative total of $300,000 in scholarships to 147 Club teens who
completed Money Matters and demonstrated exceptional financial skills
from their newly acquired knowledge of personal finance.
In recognition of the program’s success, the Committee for Encouraging
Corporate Philanthropy presented Boys & Girls Clubs of America its
Directors’ Nonprofit Award at its annual Excellence Awards in Corporate
Philanthropy recognition event last night at the New York Historical
Society in Manhattan. Award recipients are selected for their
demonstrated excellence in philanthropy according to the following
criteria: CEO leadership, innovation, measurement, and partnership. The
award includes a $25,000 grant, which will be used to expand the number
of Boys & Girls Club teens who can receive scholarships after completing
Money Matters.
“Today’s youth will be a tremendous force in the future economic
well-being of this country,” said Carrie Schwab-Pomerantz, president of
Charles Schwab Foundation. “By reaching so many young people each year,
the Money Matters program is laying a strong foundation for their
financial literacy and fitness, which should also create lasting
benefits for generations to come.”
“A successful partnership is about much more than just money,” said BGCA
President and CEO Roxanne Spillett. “It’s a combination of human
capital, strategic focus and genuine passion to help young people that
make our relationship with Charles Schwab Foundation so important.”
About Money Matters: Make It Count
Funded by Charles Schwab Foundation, Boys & Girls Clubs of America’s
Money Matters program is designed to promote money management skills
among teens, ages 13-18. The program consists of fun, interactive
activities and exercises on topics such as using a checking account,
managing debt, saving for college and learning the basics of investing.
The program is targeted primarily at teens from underserved communities.
About Boys & Girls Clubs of America
For more than 100 years, Boys & Girls Clubs of America
(www.bgca.org) has been changing and saving young lives, providing hope
and opportunity for kids who need them most. Today, some 4,300 Clubs
serve some 4.5 million young people through Club membership and
community outreach. Known as The Positive Place for Kids, Boys & Girls
Clubs can be found all across the country and on U.S. military bases
throughout the world. Clubs provide young people 6-18 years old with
guidance-oriented character development programs conducted by trained,
professional staff. In communities large and small, Clubs positively
impact lives and help young people reach their full potential as
productive, caring citizens. Key Boys & Girls Club programs emphasize
leadership development; education and career exploration; community
service; financial literacy; health and life skills; the arts; sports,
fitness and recreation; and family outreach. In a recent Harris Survey
of Club alumni, 57 percent said the Club saved their life. National
headquarters are located in Atlanta.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider
of financial services, with more than 300 offices and 7.5 million client
brokerage accounts, 1.5 million corporate retirement plan participants,
544,000 banking accounts, and $1.2 trillion in client assets. Through
its operating subsidiaries, the company provides a full range of
securities brokerage, banking, money management and financial advisory
services to individual investors and independent investment advisors.
Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC,
http://www.sipc.org), and 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 its
Advisor Services division. The Charles Schwab Bank (member FDIC)
provides banking and mortgage services and products. More information is
available at www.schwab.com.
About Charles Schwab Foundation
Charles Schwab Foundation is a private, nonprofit organization funded by
the Charles Schwab Corporation. Its mission is to create positive change
through financial education, philanthropy, and volunteerism. More
information is available at
www.aboutschwab.com/community.
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