More Than Half of Companies Increased Philanthropy in 2008, Despite Economic Decline

Boys & Girls Clubs of America receives the CECP Directors’ Nonprofit Award for a successful collaboration with its nominating corporate partner Charles Schwab Foundation. Together, they created a financial literacy program just for teens, primarily from underserved communities, entitled Money Matters: Make It CountSM. This initiative combines Schwab’s financial resources with BGCA’s expertise in youth advancement, resulting in the collaborative development of a teen guide, a facilitator’s guide, an interactive Web site, a scholarship and awards program, and an employee volunteer program. Money Matters teaches teens essential lessons about spending wisely, banking basics, credit, saving, investing, paying for college, and entrepreneurship, and has already reached well over 100,000 Club teens throughout the U.S. Charles Schwab Foundation has awarded $260,000 in college scholarships to 127 Boys & Girls Club teens who demonstrated exceptional abilities in their newly acquired knowledge of personal finance.