The Charles Schwab Corporation Foundation has launched a new financial literacy initiative aimed at improving money management skills and expanding access to financial education across the United States.
Announced on June 12, 2026, the Schwab Moneywise Momentum Grants program will provide $2 million annually in funding to nonprofit organizations developing innovative approaches to financial education. The initiative is part of a broader $20 million multi-year commitment to strengthen financial literacy nationwide.
The program is designed to support projects that help individuals build confidence and knowledge in making informed financial decisions. It places particular emphasis on reaching underserved communities and learners who may lack access to traditional financial education resources.
According to the announcement, the initiative will focus on practical, scalable solutions that can improve financial understanding in everyday life. It also aims to complement existing partnerships with organizations such as Boys & Girls Clubs of America and Junior Achievement USA, which already work to promote youth education and financial awareness.
The foundation stated that the program reflects a long-term commitment to promoting financial stability for individuals and families, while also supporting broader community well-being through improved access to financial knowledge.
Overall, the initiative underscores growing efforts by private-sector organizations to address financial literacy gaps through targeted philanthropy and community-based education programs.
