Charles Schwab (NYSE:SCHW) rocketed higher Wednesday. The banking giant is celebrating more than a decade of its annual signature skills-based volunteer program, which empowers employees to share their professional expertise with local nonprofits and small businesses.
Since its launch, the initiative has grown into Schwab’s cornerstone skills-based community effort, surpassing $4 million in pro bono community investments.
Within the past month, more than 100 Schwab employees volunteered thousands of hours of their professional and personal expertise to support nearly 20 nonprofits and small businesses in the Dallas–Fort Worth region.
Employees applied their expertise in strategy, finance, human resources, and technology to help nonprofit and small-business partners strengthen their operations and increase their capabilities.
With enhanced capabilities, organizations can hire more staff, launch new programs, and deliver stronger services to more people in their communities.
“For over a decade, Charles Schwab has helped strengthen communities across the country by providing skills-based volunteerism that taps into our employees’ expertise and interests. We are incredibly proud to commit our time, talent and financial resources to make a meaningful difference in the communities where we live and work,” said Schwab Bank CEO Paul Woolway,
“Through skills-based volunteerism, we are able to bring our passion and expertise to bear for local nonprofits and small businesses, learn and grow together in the process, and as a result – build a thriving community. It’s a win-win-win.”
SCHW shares leaped $1.16, or 1.2%, to $97.28.
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