Today, Charles Schwab, Boys & Girls Clubs of America and TriplePundit came together at #Schwab4Good to discuss employee volunteerism, and how Charles Schwab Foundation’s national alliance with Boys & Girls Clubs of America (BGCA) makes a difference for youth in cities around the U.S.
Our lead panelist, Carrie Schwab-Pomerantz, president of Charles Schwab Foundation and senior vice president of Charles Schwab & Co., Inc., talked about Schwab’s dual commitment to promoting financial literacy for Americans and supporting employee volunteerism. She discussed the importance of Schwab Volunteer Week (SVW), which occurs May 23-27 this year, as a core element in the company’s culture of community service.
During #Schwab4Good, we discussed:
Every year during Schwab Volunteer Week, thousands of Schwab employees and executives roll up their sleeves to help local charities in communities nationwide. As part of this dedicated week of volunteerism across the firm, employees lead financial education workshops in schools and community centers; help job-seekers with resumes and interview skills; and build homes, serve food, and help improve local facilities through painting, landscaping and other service projects.
The impact of Schwab Volunteer Week is vast. In 2015, over 4,600 employee volunteers spent approximately 18,500 hours (valued at nearly $427,000) on 375 projects for 246 nonprofits in 150 cities. Schwab Volunteer Week makes a big impact on employees as well. Ninety-five percent of participants say that as the result of Schwab’s support and encouragement of employee volunteerism, they are more likely to recommend Schwab as a great place to work, and 100 percent believe it is important to continue SVW annually.
This year’s Schwab Volunteer Week will be the biggest yet, with a record 5,300+ employees expected to participate. Nearly 300 charities will benefit during Schwab Volunteer Week 2016. Carrie herself will volunteer at Swords to Plowshares in San Francisco.
Learn more about SVW in this short video: