Charles R Schwab Foundation
Charles R Schwab Foundation is a private foundation, based in Palm Beach, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 8 grants totaling $12.2M. Net investment income was $93K.
Charles R Schwab Foundation at a glance
In short: Charles R Schwab Foundation gave $12.2M across 8 grants in 2025 (avg $1.5M), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,228,468
- +1.5% vs 2024
- Grants made (2025)
- 8
- +60.0% vs 2024
- Average grant
- $1,528,559
- -36.6% vs 2024
- Median grant
- $237,500
- Total assets
- $1,850,780
- -74.9% vs 2024
- Primary geography
- California (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Charles R Schwab Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Stanford University ($11.0M across 2 grants). Together the top 7 received $12.2M.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was in the $250–500K range: 10 grants of 27 (37%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Charles R Schwab Foundation gives
- Giving grew 76% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $800K (2021) to $12.2M (2025). In 2025 it made 8 grants totaling $12.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Stanford University Stanford, CA | Schwab financial freedom leadership fund & the schwab program for financial freedom term endowment fund | $6,010,020 |
| Stanford University Stanford, CA | The Initiative for the Financial Freedom Fund | $4,983,448 |
| Sifma Foundation New York, NY | Sifma Foundation Program Expansion | $375,000 |
| Next Gen Personal Finance Burlingame, CA | State Implementation Support | $250,000 |
| Working in Support of Education New York, NY | Student Financial Literacy Certification Program Expansion | $225,000 |
| Foundation for College System of Tennessee Nashville, TN | Funding for Individuals Enrolled in Tcat Nashville | $150,000 |
| The Manufacturing Institute Washington, DC | Funding for General Support | $150,000 |
| Williamson College of the Trades Media, PA | Funding for General Support | $85,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,850,780 | $6,372,187 | $3,496,032 | $12,228,468 | 8 | $12,342,261 | $92,723 | $149,369 |
| 2024 | $7,363,418 | $431,017 | $3,230,546 | $12,049,511 | 5 | $12,126,828 | $285,506 | $652,246 |
| 2023 | $18,684,802 | $241,594 | $26,871,902 | $5,544,498 | 3 | $5,581,430 | $250,382 | $878,625 |
| 2022 | $27,602,645 | $250,365 | $20,228,598 | $6,939,852 | 6 | $6,984,446 | $250,365 | $1,331,689 |
| 2021 | $34,181,973 | $27,661,581 | $1,727,950 | $800,000 | 5 | $840,582 | $6,097,754 | $535,736 |
| 2020 | $6,047,029 | $4,918,284 | $811,911 | $940,000 | 4 | — | $1,100,010 | $241,270 |
Under IRS private-foundation payout rules, Charles R Schwab Foundation reported a distributable amount of $149K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Charles R Schwab Foundation is led by Charles R. Schwab, Chair & President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Charles R. Schwab
Chair & President
On filings since 2020
1 hr/week
No compensation reported
Carolyn Schwab-Pomerantz
Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Walter W. Bettinger II
Director
On filings since 2020
1 hr/week
No compensation reported
Catherine A. Molnar
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Charles R Schwab Foundation
How much does Charles R Schwab Foundation give each year?
Charles R Schwab Foundation gave $12.2M across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12.0M across 5 grants.
What is Charles R Schwab Foundation's typical grant size?
Charles R Schwab Foundation's median grant in 2025 was $237,500, and its average grant was $1,528,559, across 8 grants on its 2025 IRS Form 990-PF.
Where does Charles R Schwab Foundation give grants?
Charles R Schwab Foundation gives mostly in California: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Stanford, CA (2 grants) and New York, NY (2 grants).
Does Charles R Schwab Foundation give general operating support?
Yes: 25% of Charles R Schwab Foundation's 2025 grants with a stated purpose (2 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Charles R Schwab Foundation's largest grantees?
Charles R Schwab Foundation's largest 2025 grantees include Stanford University ($10,993,468 across 2 grants), Sifma Foundation ($375,000) and Next Gen Personal Finance ($250,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is Charles R Schwab Foundation?
Charles R Schwab Foundation reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $12.3M in qualifying distributions that year, against a required minimum of $149K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
Live grants for the work Charles R Schwab Foundation funds
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