Charles Schwab Hosts 220 Dallas-Fort Worth students at its Westlake headquarters, Demonstrates Commitment to Financial Literacy in Metroplex

Uplift Education, the largest group of free public charter schools in North Texas, to its Westlake headquarters for an all-day financial literacy field trip. Taught by more than 130 Schwab employees specially trained to deliver financial education, and featuring special guests from The Players Company, a network of professional athletes dedicated to enabling wealth-generation in under-resourced communities, the event is designed to be a memorable student experience that will make learning about money fun.

Today’s event commemorates the one-year anniversary of Schwab’s signature financial education program Moneywise America, which aims to help close the financial education gap by making free financial education available to every school and community in the United States. In addition to Moneywise America programming and curriculum, attending students will enjoy a career path exploration session and receive a $1,000 scholarship from Charles Schwab Foundation to support their post-secondary education opportunities. The scholarship funds are part of a total of about $600,000 in grants to Dallas-Fort Worth-area financial literacy organizations and projects to be announced at the event, including funding toward Uplift Education as well as funding for local teachers’ projects through the national education nonprofit
DonorsChoose.

“Access to financial education is disproportionate in our country, which is why Schwab is making free, high-quality financial education accessible to young people across the U.S.,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “When people are financially literate, they’re more likely to go to college, have higher credit scores, and do better at work. They’re also better prepared to manage financial shocks that can derail their goals. We are honored and excited to celebrate the anniversary of Moneywise America here in Schwab’s hometown community and to support nonprofits focused on financial wellness across the Dallas-Fort Worth metroplex.”

Uplift Education serves a diverse range of students from low-to-moderate income neighborhoods. Schwab’s commitment to Uplift students also includes ongoing, in-school financial education for all high school seniors in the Uplift network taught by Moneywise America-trained volunteers during the 2022-2023 school year.

“Far too many schools in our region and across the country are not sufficiently resourced to offer financial education alongside their core curricula,” said Yasmin Bhatia, CEO of Uplift Education. “On behalf of more than 23,000 students at our 45 schools across Dallas Forth-Worth, we are grateful to Schwab for making Moneywise America available to our students today—as well as every student in America—and for their demonstrated commitment to improving financial literacy at Uplift schools and across the metroplex.”

Through Moneywise America and today’s event, Schwab aims to help level the economic playing field for teens from under-resourced communities across Dallas-Fort Worth and beyond. To provide additional perspectives on financial health, Schwab invited athletes from The Players Company to join the day’s activities and share their personal financial journeys with the students.

“In professional sports, money can come and go quickly, and as professional athletes we are keenly aware of how important an early grounding in financial education and wellness can be for rising adults,” said Sheldon Day, co-founder and CEO of The Players Company. “We are thrilled to be able to share our own stories and help these future leaders build the skills they need to meet their financial goals, provide for their families long term, and create generational wealth.”

Moneywise America builds upon Schwab’s decades-long legacy of financial wellness programming, which has benefitted millions.

  • Money Matters, a financial literacy program created by Schwab in partnership with Boys & Girls Clubs of America (BGCA), has reached more than 1.1 million teens at BGCA clubs across the United States.

  • With DonorsChoose, Schwab designed the Innovation Challenge to fund and support development of new classroom financial literacy projects that have reached more than one million students across all 50 states.

  • Schwab sponsors SIFMA Foundation’s annual Capitol Hill Challenge™, a curriculum-based investment simulation that helps bridge the financial education gap for youth in under-resourced communities by pairing members of Congress with low-income schools to advance financial capability, capital markets literacy and civics education.

About Charles Schwab

At
Charles Schwab (NYSE: SCHW) we believe in the power of investing to help
individuals create a better tomorrow. We have a history of challenging the
status quo in our industry, innovating in ways that benefit investors and the
advisors and employers who serve them, and championing our clients’ goals with
passion and integrity.  More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.

About Charles Schwab Foundation

Charles Schwab Foundation is an independent nonprofit public benefit corporation, funded by The Charles Schwab Corporation and classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company, The Charles Schwab Corporation. Its mission is to educate, volunteer and advocate on behalf of those in need so that everyone has the opportunity to achieve financial well-being. More information is available at www.schwabmoneywise.com/foundation.

About Uplift Education

Uplift Education is a 501(c)(3) nonprofit organization dedicated to changing the lives of teachers, families, and, most importantly, students. With a network of 45 college-preparatory public charter schools in the Dallas-Fort Worth area, Uplift offers students of any background the powerful chance to study within a multidisciplinary curriculum and prepare for the college career they deserve. Uplift is the largest International Baccalaureate district in Texas and the #2 IB district in the nation because of the number of holistic extracurricular and educational programs. The incredible educators in the Uplift network guide and teach over 23,000 students in Pre-K- 12th grades, with the majority being low-income and minority students who will be the first in their family to attend college. For more information, Uplift’s mission and their blind lottery selection system, visit uplifteducation.org or facebook.com/uplifteducation.

About The Players Company

The Players Company is a community of professional athletes committed to enabling wealth generation within the broader community through education. The Players Company founded The Players Initiative in 2020, with the mission to educate youth and young adults in financial literacy.

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Source: The Charles Schwab Corporation