Charles Schwab has been named a Civic 50 honoree, making it one of the top 50 most community-minded companies in the country according to Points of Light, the world’s largest organization dedicated to increasing volunteering.
For more than a decade, The Civic 50 has served as the national standard for corporate citizenship and showcases how leading companies are driving social impact, corporate citizenship, and community engagement to the core of their business. This comprehensive survey for companies with annual revenues of at least $1 billion evaluates the scale, sophistication and impact of their employee volunteering, community engagement and corporate philanthropy work.
“Schwab is committed to helping people achieve brighter futures by investing in financial education and supporting the communities where our clients and employees live and work,” said Schwab President and CEO Rick Wurster. “It is an honor to be recognized again by Points of Light for our efforts to empower communities and help more Americans take control of their financial lives.”
Schwab’s focus on financial education is rooted in the belief that everyone should have the opportunity to achieve financial well-being. Schwab helps to level the economic playing field and close the financial education gap through nonprofit partnerships and grants, trained employee volunteers, and free financial education content for kids through adults, helping people build the practical money habits needed over a lifetime. 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 local causes that are responsive to community needs and reflective of employees' interests.
In 2024, Charles Schwab granted $21.3 million to nonprofits nationwide, including $2.5 million for employee matching gifts, while 12,300 employees volunteered 160,000 hours in service to their local communities through Schwab's paid time to volunteer program.
“In an ever-evolving landscape, companies are looking to ensure that they can meet the needs of their communities, customers, and stakeholders,” said Jennifer Sirangelo, president and CEO, Points of Light. “Companies like Charles Schwab are leading the way in showing how social impact benefits their employee’s well-being, strengthens the communities where they do business, and brings value and meaning to their work. Their efforts provide a model for others looking to bring the benefits of volunteering and social impact to their workforce and they’re extremely deserving of this recognition.”
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. Our history of challenging the status quo in our industry has led to innovations that benefit investors, as well as the advisors and employers who serve them. For more information, visit www.aboutschwab.com. Follow us on X, 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 help people of all backgrounds achieve brighter futures by advancing financial literacy and fostering stronger communities. 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 creates a positive impact through volunteering and civic engagement. Through partnerships with nonprofits, companies and social impact leaders, the organization galvanizes volunteers to meet critical needs for healthier and more resilient communities. As the world’s largest organization dedicated to increasing volunteer service, Points of Light engages more than 3.8 million volunteers across 32 countries. For more information, visit www.pointsoflight.org.
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