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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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