Charles Schwab Foundation Renews Its Commitment to Fund the Money Matters: Make It CountSM Financial Education Program with Boys & Girls Clubs of America

SAN FRANCISCO, June 3, 2009 — Charles Schwab Foundation announced today that it is renewing its commitment to continue funding Money Matters, the financial education program offered through every Boys & Girls Club that serves teens throughout the U.S.

Nearly 180,000 youth at approximately 1,500 teen Boys & Girls Clubs across the U.S. have participated in Money Matters since the program's launch in mid-2004, according to data just released by Boys & Girls Clubs of America. During 2008 alone, approximately 60,000 Club teens completed Money Matters, far exceeding expectations. In addition, over the past five years, Charles Schwab Foundation has presented a cumulative total of $300,000 in scholarships to 147 Club teens who completed Money Matters and demonstrated exceptional financial skills from their newly acquired knowledge of personal finance.