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Also known as: FREEDOM
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Charles R Schwab Foundation For Financial Freedom is a private corporation based in PALM BEACH, FL. The foundation received its IRS ruling in 2019. The principal officer is Catherine A Molnar. It holds total assets of $7.4M. Annual income is reported at $1.5M. Total assets have grown from $1.3M in 2019 to $18.7M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Funding is distributed across 4 states, including California, Georgia, Connecticut. According to available records, Charles R Schwab Foundation For Financial Freedom has made 20 grants totaling $20.2M, with a median grant of $300K. Annual giving has grown from $800K in 2021 to $5.5M in 2023. Grantmaking activity was highest in 2022 with $13.9M distributed across 12 grants. Individual grants have ranged from $50K to $5.2M, with an average award of $1M. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in California, New York, Maryland, which account for 70% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200K
Median Grant
$220K
Average Grant
$235K
Largest Grant
$300K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Charles R Schwab Foundation For Financial Freedom primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in CA, NY, MD.
Charles R Schwab Foundation For Financial Freedom has distributed a total of $20.2M across 20 grants. The median grant size is $300K, with an average of $1M. Individual grants have ranged from $50K to $5.2M.
Charles R Schwab Foundation For Financial Freedom typically selects its grantees rather than accepting unsolicited proposals.
Charles R Schwab Foundation For Financial Freedom is headquartered in PALM BEACH, FL. While based in FL, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Walter W Bettinger Ii | DIRECTOR | $0 | $0 | N/A |
| Charles R Schwab | CHAIR & PRESIDENT | $0 | $0 | N/A |
| Carolyn Schwab-Pomerantz | DIRECTOR & SECRETARY | $0 | $0 | N/A |
| Catherine A Molnar | TREASURER | $0 | $0 | N/A |
Total Giving
$26.9M
Total Assets
$18.7M
Fair Market Value
$18.7M
Net Worth
N/A
Grants Paid
$26.8M
Contributions
N/A
Net Investment Income
$250K
Distribution Amount
$879K
Total Grants
20
Total Giving
$20.2M
Average Grant
$1M
Median Grant
$300K
Unique Recipients
10
Most Common Grant
$250K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stanford UniversitySupport of Financial Literacy Course | Stanford, CA | $5.2M | 2023 |
| Teach For AmericaTO SUPPORT PERSONAL FINANCE EDUCATION | New York, NY | $250K | 2023 |
| Jumpstart Coalition For Pers'L Financial LiteracyTo Support Personal Finance Education for Teach for America | Washington, DC | $50K | 2023 |
| Girl Scouts Of The United States Of AmericaSupport the Financial Literacy Badge Relaunch | New York, NY | $500K | 2022 |
| National 4-H CouncilSupport of Expand Smart Cents Digital Programming | Chevy Chase, MD | $350K | 2022 |
| Project GlimmerSupport of Financial Literacy Inclusion in Empowerment Academy | San Francisco, CA | $250K | 2022 |
| Council For Economic EducationSupport of Moneywise America Pilot with Council for Economic Education Affiliates in Local Markets | New York, NY | $250K | 2022 |
| Junior Achievement Rocky Mountain IncSupport the JA Finance Park | Denver, CO | $90K | 2021 |
| Foundation For Junior Achievement Of Arizona IncSupport the JA Arizona Finance Park | Tempe, AZ | $60K | 2021 |
| Junior Achievement Of The Chisholm Trail IncSupport the JA Finance Park | Fort Worth, TX | $50K | 2021 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL