Schwab Employees Across the U.S. Join Forces for Third Annual ''FERSTT Aid Day''

Published 05-25-06

Submitted by Charles Schwab & Co., Inc.

SAN FRANCISCO - The Charles Schwab Corporation is celebrating its third annual employee volunteer day today, during which Schwab employees and executive sponsors at the company's major centers of employment throughout the U.S. will spend a portion of the day doing charitable work in their communities. The name FERSTT Aid Day is derived from the acronym representing the corporate values for which Schwab employees are held accountable in their daily work at Schwab: Fairness, Empathy, Responsiveness, Striving, Teamwork, and Trust.

Targeted cities for community outreach include Austin; Denver; Indianapolis; New York; Orlando; Phoenix; Richfield, Ohio; San Francisco; and Raleigh, North Carolina. Over 1,200 employees across the firm are signed up to participate, benefiting close to 50 nonprofit organizations coast-to-coast. Not only will these nonprofits receive direct service from Schwab employees, but they will also each get a $1,000 grant award from Charles Schwab Foundation.

Among the organizations where employees will volunteer are:

Boys & Girls Clubs of America
Habitat for Humanity
The Salvation Army
Ronald McDonald House Charities
Public elementary and high schools
Humane and animal welfare societies and SPCAs
Organizations dedicated to providing health, social and human services to seniors, children and families
Municipal parks and recreation areas
Community food banks

As part of FERSTT Aid Day and to encourage Schwab employees to exercise their personal philanthropy during the month of May, donations made by employees to their favorite charities will receive a special match of 100% through the Employee Matching Gifts program. The standard match rate throughout the rest of the year is .50:1.

About Charles Schwab

The Charles Schwab Corporation (NASDAQ: SCHW) is a leading provider of financial services, with more than 330 offices, 6.7 million client brokerage accounts, 519,000 401(k) plan participants, 175,000 banking accounts, and $1.3 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), offers a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank, N.A. (member FDIC) provides banking and mortgage services and products. The company's other operating subsidiaries include U.S. Trust Corporation (member FDIC) and CyberTrader®, Inc. (member SIPC,http://www.sipc.org). More information is available at www.schwab.com.

Funded by the Charles Schwab Corporation, Charles Schwab Foundation is committed to giving back to the community by supporting employee-selected causes and fostering financial literacy through funding, involvement and expertise. (0506-5339 )

Schwab Employees Across the U.S. Join Forces for Third Annual ''FERSTT Aid Day''

Schwab Employees Across the U.S. Join Forces for Third Annual ''FERSTT Aid Day''

Charles Schwab & Co., Inc.

Charles Schwab & Co., Inc.

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