Charles Schwab 2007 Annual Report Download - page 24

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22 | LETTER FROM THE CEO
22 | SOCIAL RESPONSIBILITY
We want to strengthen
America’s future by
improving financial literacy.
Only one in three teens in America knows how
to read a bank statement or balance a check-
book. And they’re not the only ones who can use
help improving their fi nancial literacy. Schwab
focuses on fi nancial literacy because it benefi ts
people at every income level and stage of life. By
understanding the basics and learning the tools
and principles of money management, individuals
can better analyze fi nancial choices and plan for
the future.
With the help of dedicated Schwab volunteers,
Charles Schwab Foundation provides programs
and funding to help individuals fi ll the informa-
tion gap. For example, Schwab MoneyWise™
helps adults teach – and children learn – the
basics of financial literacy. Interactive tools
are available at schwabmoneywise.com, and
local workshops cover topics such as getting
kids started on a budget. In addition to these
efforts, widely distributed publications and news
columns by foundation President Carrie Schwab
Pomerantz promote fi nancial literacy on a wide
range of topics – from saving for a child’s
education to bridging the health-insurance gap
for retirees.
Most recently, Charles Schwab – founder of The
Charles Schwab Corporation and chairman of
Charles Schwab Foundation – was named chair-
man of the newly formed President’s Advisory
Council on Financial Literacy. In this role, he will
focus national attention on the need for better
financial education and help find ways to
improve fi nancial literacy – bringing our purpose
to life for everyone.