Charles R Schwab Foundation
Preselected recipients only
Charles R Schwab Foundation is a private foundation in Palm Beach, Florida. In tax year 2025 it gave $3.4 million in 8 grants. It only gives to organizations it selects itself and does not accept unsolicited applications.
The grants listed in this filing add up to more than the total it reports, so grant sizes may be wrong. Check the filing.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$3.4 million
- Number of grants8
- Assets$1.9 million
- New grantees71%
Giving in 2025 was up from $3.1 million the year before.
71% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $26.8 million | 3 | $18.7 million |
| 2024 | $3.1 million | 5 | $7.4 million |
| 2025 | $3.4 million | 8 | $1.9 million |
How to apply
Charles R Schwab Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Charles R Schwab Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to California.
| State | Grants | Amount |
|---|---|---|
| California | 3 | $11.2 million |
| New York | 2 | $600,000 |
| District of Columbia | 1 | $150,000 |
| Tennessee | 1 | $150,000 |
| Pennsylvania | 1 | $85,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Stanford University | Schwab financial freedom leadership fund & the schwab program for financial freedom term endowment fund | $6.0 million |
| Stanford University | The initiative for the financial freedom fund | $5.0 million |
| Sifma Foundation | Sifma foundation program expansion | $375,000 |
| Next Gen Personal Finance | State implementation support | $250,000 |
| Working in Support of Education | Student financial literacy certification program expansion | $225,000 |
| Foundation for College System of Tennessee | Funding for individuals enrolled in tcat nashville | $150,000 |
| The Manufacturing Institute | Funding for general support | $150,000 |
| Williamson College of the Trades | Funding for general support | $85,000 |
Officers and trustees
- Charles R Schwab
- Carolyn Schwab-Pomerantz
- Catherine A Molnar
- Walter W Bettinger II
Questions people ask
Does Charles R Schwab Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Charles R Schwab Foundation give?
$3.4 million in tax year 2025, across 8 grants.
Who runs Charles R Schwab Foundation?
Its 2025 filing lists Charles R Schwab (Chair & President), Carolyn Schwab-Pomerantz (Director & Secretary), Catherine A Molnar (Treasurer) and Walter W Bettinger II (Director).
What does Charles R Schwab Foundation fund?
Based on its grants, mainly education.