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.
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
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 |
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 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 |
| Working in Support of Education New York, NY | TO SUPPORT Student Teacher Certification | $200,000 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Charles R Schwab Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.