Charles Schwab Foundation
The Charles Schwab Corporation Foundation is a private corporate foundation established in April 1994 and based in Lone Tree, Colorado. It serves as the corporate giving arm of Charles Schwab & Co., Inc., and operates as a 501(c)(3) organization dedicated to philanthropic work in communities where Schwab operates.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$44.7M
+27.9% YoY
Annual Giving
$19.7M
+25.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$9.8M
+25.3% YoY
Under IRS private-foundation payout rules, Charles Schwab Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on promoting financial literacy and responding to local cultural and social needs. Primary funding priorities include:
- Financial Literacy & Financial Capability: Empowering youth and adults with financial skills and knowledge
- Education: Supporting educational initiatives and programs
- Human Services: Addressing community needs in areas where Schwab operates
- Philanthropy, Voluntarism & Grantmaking: Supporting the broader philanthropic ecosystem
The foundation emphasizes innovative approaches and long-standing partnerships with established organizations in these sectors.
Grantmaking
Grant Range
s & Activity:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation maintains a national focus with emphasis on communities where Schwab operates, with particular concentration in Florida and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $44.7 million
- Total Revenue: $24.8 million
- Total Expenses: $20.4 million
- Total Liabilities: $13 million
- Total Giving: $19.7 million
As of 2023:
- Annual Giving: $15.7 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $44,662,171 | $34,932,887 | $30,353,630 |
| Revenue | $24,797,516 | $19,231,480 | $25,666,314 |
| Expenses | $20,432,698 | $16,281,370 | $14,702,393 |
| Qualifying Distributions | $20,432,698 | $16,281,370 | $14,702,393 |
| Net Investment Income | $1,685,086 | $787,219 | $84,137 |
| Distributable Amount | $1,836,141 | $1,601,358 | $1,262,187 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cs Cash Gifts Paid ($17,026,293), Cs Matching Gifts Paid ($2,633,407).
| Recipient | Purpose | Amount |
|---|---|---|
| CS MATCHING GIFTS PAID Clearwater, FL | VARIOUS | $2,633,407 |
| CS CASH GIFTS PAID San Francisco, CA | VARIOUS | $17,026,293 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Carrie Schwab-Pomerantz: Chair & President
- Rick Wurster: Chair & President
- Christopher Nelson: Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BERNIE CLARK | BOARD OF DIRECTOR | 1 | — |
| HELEN H LOH | BOARD OF DIRECTOR | 1 | — |
| PAUL WOOLWAY | BOARD OF DIRECTOR | 3 | — |
| MICHAEL CANADY | OFFICER - TREASURER | 3 | — |
| CATHERINE CASEY | Board of Director | 1 | — |
| JOE CARBERRY | Board of Director | 1 | — |
| DENNIS HOWARD | Board of Director | 1 | — |
| NEESHA HATHI | BOARD OF DIRECTOR | 1 | — |
| KRIS TATE | OFFICER - CORPORATE SECRETARY | 1 | — |
| LAURA GRACIA FLOR | OFFICER - ASSISTANT CORP SECRE | 1 | — |
| RICK WURSTER | CHAIR & PRESIDENT, BOD | 1 | — |
| PAUL TALBOT | OFFICER - ASSISTANT CORP SECRE | 1 | — |
| STACY NIEDERMEIER | OFFICER - TREASURER | 3 | — |
| LISA HUNT | BOARD OF DIRECTOR | 1 | — |
| JONATHAN BEATTY | BOARD OF DIRECTOR | 1 | — |
| J CHRISTOPHER WYSE | BOARD OF DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The Charles Schwab Foundation expanded its partnership with Junior Achievement USA to empower more students with financial confidence, demonstrating continued commitment to financial education initiatives. The foundation also awarded grants for expanded financial planning programs at educational institutions.
Charles Schwab Foundation Expands Partnership with Junior Achievement USASubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Charles Schwab Foundation fund?
The foundation's mission centers on promoting financial literacy and responding to local cultural and social needs. Primary funding priorities include: • **Financial Literacy & Financial Capability**: Empowering youth and adults with financial skills and knowledge • **Education**: Supporting educational initiatives and programs • **Human Services**: Addressing community needs in areas where Schwab operates • **Philanthropy, Voluntarism & Grantmaking**: Supporting the broader philanthropic ecosy…
How do I apply for a grant from Charles Schwab Foundation?
**Grant Ranges & Activity:** • Typical grant awards range from $25,000 to $220,000 • Total giving in 2023: $15.7 million • Total giving in 2024: $19.7 million **Application Process:** • Invitation only/employee recommendation • The foundation does not provide direct public contact information for unsolicited grant inquiries **Notable Partnerships:** • Long-standing partnership with Boys & Girls Clubs of America (nearly 20 years) • Expanded partnership with Junior Achievement USA to empower stud…
Where does Charles Schwab Foundation make grants?
The foundation maintains a national focus with emphasis on communities where Schwab operates, with particular concentration in Florida and California.
What size grants does Charles Schwab Foundation award?
In 2024, Charles Schwab Foundation awarded 2 grants totaling $19.7M — an average of about $9.8M per grant, based on its IRS Form 990 filings.
How much is Charles Schwab Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles Schwab Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charles Schwab Foundation's EIN?
Charles Schwab Foundation's EIN (Employer Identification Number) is 94-3192615. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Charles Schwab Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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