Charles Schwab Announces Recipients of 2022-2023 Financial Planning Scholarships
November 21, 2022 at 09:00 AM EST
The $3.5 million Charles Schwab Scholars in Financial Planning Endowed Scholarship program aims to foster diverse talent in financial services
Charles Schwab today announced the eight scholars to receive funding for the 2022-2023 academic year through its Charles Schwab Scholars in Financial Planning Endowed Scholarship program. Launched in 2021 by the Charles Schwab Foundation, the $3.5 million scholarship endowment provides financial assistance and career opportunities to students from underrepresented communities who are majoring in financial planning at seven partner universities.
Scholars selected for the 2022-2023 academic year cohort will receive approximately $10,000 per year (for two years or until graduation) in scholarship funds and will be invited to apply for and participate in Schwab internship, mentorship and professional development opportunities available to help prepare them for a successful career in financial planning. The scholars are:
“We’ve focused our endowed scholarship program on fostering diverse talent in financial services to help our sector become better prepared to understand and serve the unique needs of an evolving and increasingly diverse client population,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation.
At Schwab, we believe diversity helps us appreciate a wider range of perspectives, which supports our business strategy to see Through Clients’ Eyes. To that end, the firm has been on a long-term journey to improve its workforce diversity, enhance its inclusive culture, better serve its diverse clients, and build stronger connections to its diverse communities.
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.