Charles Schwab Corporation Foundation
- Assets
- $19.3m
- Revenue
- $13.0m
- Investments
- $3.4m
- Employees
- 0
- Location
- Lone Tree, CO
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 94-3192615
Organization Overview
Charles Schwab Corporation Foundation is located in Lone Tree, CO. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Schwab Corporation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Charles Schwab Corporation Foundation generated $13.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Charles Schwab Corporation Foundation has awarded 654 individual grants totaling $51,116,504. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Woolway Board Of Director | 3 | $0 | |
Michael Canady Officer - Treasurer | 3 | $0 | |
Catherine Casey Board Of Director | 1 | $0 | |
Bernie Clark Board Of Director | 1 | $0 | |
Helen H Loh Board Of Director | 1 | $0 | |
Jamal Modir Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prosono Llc | 12/30/19 | $74,291 |
Sage Partners | 12/30/19 | $214,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,911,511 |
| Interest on Savings | $1,421 |
| Dividends & Interest | $43,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,956,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,770 |
| Total operating and administrative expenses | $381,187 |
| Contributions, gifts, grants paid | $12,037,420 |
| Total expenses and disbursements | $12,418,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,845,569 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $491 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,264,373 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,180,735 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,224,974 |
| Total liabilities | $6,405,709 |
Grants Awarded
Over the last fiscal year, Charles Schwab Corporation Foundation has awarded $12,037,420 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STATEMENT 24 PURPOSE: VARIOUS | $9,539,363 |
STATEMENT 23 PURPOSE: VARIOUS | $2,498,057 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charles Schwab Corporation Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Phoenix Final Four Local Organizing Committee Glendale, AZ | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |
Bob And Renee Parsons Foundation Scottsdale, AZ | $28,086,912 | $26,506,603 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |
Dane G Hansen Foundation Logan, KS | $0 | $32,718,108 |