SAN FRANCISCO, CA - December 7, 2007 - One Warm Coat, a national nonprofit organization that assists in the donation of free coats, announced today that Charles Schwab Foundation is an official sponsor of the 2007-2008 coat drive campaign. Through this sponsorship, Schwab will help One Warm Coat distribute the tools and resources needed to create coat drives across the country.

One Warm Coat's largest organizational expense is postage to send branded banners and box labels to locations and organizations that want to organize coat drives nationwide. Through their donation, the Charles Schwab Foundation will contribute to the mailing of an estimated 500 resource kits this year.

Three years ago, Charles Schwab Foundation established a One Warm Coat drive at its San Francisco headquarters. Through the efforts of Schwab employees, One Warm Coat drives now take place at six of the company's regional locations: San Francisco, Chicago, Denver, Indianapolis, Phoenix and Richfield, Ohio.

"We are really pleased to continue supporting One Warm Coat," said D'arice (Annie) Anderson, community relations specialist with Charles Schwab Foundation. "Organizations like this one provide an excellent example of simple ideas put into action to benefit those in need."

During the 2006-2007 season, One Warm Coat supported more than 1,000 coat drives in 42 states, providing 200,000 coats for people in need. The 2007-2008 coat drive campaign, which is expected to collect 500,000 coats through more than 2,000 coat drives in 49 states, was launched on Sept. 23. Schwab has already completed its coat drives for this campaign and collected more than 1,000 coats and over 200 pieces of winter clothing accessories from Schwab employees.

"We are thrilled that so many people across the country have received coats to help them stay warm. It's such a simple and easy way to show people in need that you care," said Sherri Wood, national director of One Warm Coat.

About One Warm Coat
One Warm Coat is a national nonprofit organization that assists in the donation of coats. OWC helps individuals, groups, companies and organizations across the country collect coats and deliver them to local agencies that distribute them free, to people in need.

The organization's mission is to ensure that anyone who needs a coat has one. Providing this simple, yet vital, need helps people live productive lives year round. Since inception, more than 500,000 coats have been collected and distributed through One Warm Coat activities.

For more information about One Warm Coat, visit: www.onewarmcoat.org

For more information about sponsorship opportunities, visit: www.onewarmcoat.org/sponsoropportunities2.html

About Charles Schwab Foundation
Charles Schwab Foundation is a private, nonprofit organization funded by The Charles Schwab Corporation. Its mission is to give back to the community by supporting employee-selected causes and fostering financial literacy through funding, involvement and expertise.

For more information about Schwab's community efforts, visit: www.aboutschwab.com/community.

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