The Charles Schwab Corporation’s 11 th annual Schwab Volunteer Week begins today in 102 cities across the U.S., during which thousands of Schwab employees and executives team up to help local charities. This year’s event has a record number of participants, with more than 3,700 Schwabbies donating approximately 15,000 service hours to 258 projects benefiting nearly 200 charities. Approximately 100 Schwab branch offices around the country are also participating in the company’s effort.
Julie Wiegand organizes books and games at the Boys & Girls Club of Denver during Schwab Volunteer Week. (Photo by Greg Roe)
For the first time this year Schwab will pilot skills-based volunteering during Schwab Volunteer Week. The “Skills Marathon,” which will debut in both San Francisco and Denver, will consist of a half day of consulting in which teams of Schwab employees will help nonprofit organizations with business strategy, marketing, corporate communications, HR and technology, giving them tangible advice and solutions for their real-world challenges. This consulting work by nearly 90 Schwab employees will amount to approximately $100,000 in value to the 20 participating nonprofit organizations.*
“Hands-on volunteer projects like painting and landscaping are always valuable. But with Schwab employees contributing their professional skills and intellectual capital to help solve complex business challenges, they are really upping the ante in terms of the value they bring to the table – and ultimately the impact they can have,” said Danielle Holly, chief executive officer of Common Impact.
“Schwab Volunteer Week exemplifies our company’s long history of service, not only for our clients but also for our communities,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation and senior vice president, Charles Schwab & Co., Inc. “It’s so exciting to see this annual event continue to grow and evolve, with this year marking the highest level of participation ever.”