Charles R Schwab Foundation
Charles R Schwab Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Palm Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.4M in total assets. In 2024, it awarded 5 grants totaling $12.0M. Net investment income was $286K.
Key facts about Charles R Schwab Foundation
- EIN
- 84-2512121
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $12,049,511
- Grants made (2024)
- 5
- Average grant
- $2,409,902
- Median grant
- $300,000
- Total assets
- $7,363,418
- Primary geography
- California (91% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Charles R Schwab Foundation funds
By grant dollars, the top recipient states for Charles R Schwab Foundation's 5 itemized 2024 grants were California (91%). The most frequent recipient cities were New York, NY (2 grants). None of its 5 grants with a stated purpose were described as general or operating support.
How Charles R Schwab Foundation gives
- Giving grew 1406% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Charles R Schwab Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.4M
-60.6% YoY
Annual Giving
$12.0M
+117.3% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$2.4M
+30.4% YoY
Under IRS private-foundation payout rules, Charles R Schwab Foundation reported a distributable amount of $652K for 2024 — the minimum it must pay out in qualifying distributions.
About Charles R Schwab Foundation
Based on IRS filings
Charles R Schwab Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Palm Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.4M in total assets. In 2024, it awarded 5 grants totaling $12.0M. Net investment income was $286K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,363,418 | $18,684,802 | $27,602,645 |
| Revenue | $431,017 | $241,594 | $250,365 |
| Expenses | $3,230,546 | $26,871,902 | $20,228,598 |
| Qualifying Distributions | $12,126,828 | $5,581,430 | $6,984,446 |
| Net Investment Income | $285,506 | $250,382 | $250,365 |
| Distributable Amount | $652,246 | $878,625 | $1,331,689 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Stanford University ($10,999,511), Jumpstart Coalition FOR PERS'L FINANCIAL LITERACy ($300,000), Society for Financial Education & Professional DEV ($300,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STANFORD UNIVERSITY Stanford, CA | To Support Financial Literacy Course | $10,999,511 |
| Jumpstart Coalition FOR PERS'L FINANCIAL LITERACy Washington, DC | TO SUPPORT PERSONAL FINANCE EDUCATION FOR TEACH FOR AMERICA | $300,000 |
| Society for Financial Education & Professional DEV Alexandria, VA | TO SUPPORT Student Ambassador Program | $300,000 |
| TEACH FOR AMERICA New York, NY | TO SUPPORT PERSONAL FINANCE EDUCATION | $250,000 |
| Working in Support of Education New York, NY | TO SUPPORT Student Teacher Certification | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Charles R Schwab | Chair & President | 1 | — |
| Carolyn Schwab-Pomerantz | Director & Secretary | 1 | — |
| Catherine a Molnar | Treasurer | 1 | — |
| Walter W Bettinger II | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Charles R Schwab Foundation?
Charles R Schwab Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Palm Beach, FL. It holds $7.4M in total assets as of 2024.
How large is Charles R Schwab Foundation?
As of 2024, Charles R Schwab Foundation holds $7.4M in total assets with $431K in annual revenue. It awarded 5 grants totaling $12.0M in 2024.
Where does Charles R Schwab Foundation operate?
Charles R Schwab Foundation has awarded grants in Arizona, California, Colorado, Connecticut, District of Columbia, Georgia, Maryland, New Hampshire, New York, Texas, Virginia.
What size grants does Charles R Schwab Foundation award?
In 2024, Charles R Schwab Foundation awarded 5 grants totaling $12.0M — an average of about $2.4M per grant, based on its IRS Form 990 filings.
How much is Charles R Schwab Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles R Schwab Foundation reported a distributable amount of $652K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charles R Schwab Foundation's EIN?
Charles R Schwab Foundation's EIN (Employer Identification Number) is 84-2512121. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.