Charles Schwab Recognized by Points of Light as One of the 50 Most Community-Minded Companies in the United States for Seventh Consecutive Year
26 Maggio 2023 - 3:30PM
Business Wire
Today and for the seventh 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.
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Now in its eleventh year, The Civic 50 is a national standard
for corporate citizenship and showcases how leading companies are
moving social impact, civic engagement 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 supporting the
communities we serve through financial literacy and volunteer
programs, and we are honored to be named to The Civic 50 by Points
of Light,” said Schwab President Rick Wurster. “Broadening access
to financial literacy programs can have a meaningful and lasting
impact on the financial well-being of individuals and families for
generations to come, and we are proud of the partnerships we’ve
built to advance these and other programs in the communities where
our clients and employees live and work.”
Schwab has a long history of strengthening 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 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, students, teachers, parents and families
nationwide. Schwab is committed to providing financial, people and
intellectual resources in support of social causes that are
responsive to community needs and reflective of employees’
interests.
In 2022 alone, Charles Schwab Foundation provided $13.1 million
in direct support to more than 6,500 nonprofits, including $2.8
million in matching funds to organizations supported by Schwab
employees. Also in 2022, more than 10,000 Schwabbies volunteered
nearly 145,000 hours to benefit local communities.
“Companies play a critical role in creating thriving,
participatory communities,” said Diane Quest, interim president and
CEO, Points of Light. “Companies like Charles Schwab set a model
for others, showing how to best use employee talent, business
assets and integration to create meaningful impact, and we’re
thrilled to uplift and celebrate their work as an honoree of The
Civic 50 2023.”
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.
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.
At Charles Schwab, 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 aboutschwab.com. Follow us on
Twitter, Facebook, YouTube, and LinkedIn.
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.
0523-3MF1
© 2023 Charles Schwab & Co., Inc. Member SIPC.
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E.J. Bernacki Charles Schwab 720-329-9273
ej.bernacki@schwab.com
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