Events during tournament week designed to spread financial literacy,
support military families and contribute to nearly three dozen local
organizations
FORT WORTH, Texas–(BUSINESS WIRE)–In its first year as title sponsor, Charles Schwab is introducing a
number of additions to the charitable programs associated with the 2019
Charles Schwab Challenge. Today, the company announced that the
enhancements to the storied golf tournament will continue off the
course, as well. The tournament’s long history of helping those in need
throughout the state and Dallas-Fort Worth community also will receive a
fresh look and support from Charles Schwab to broaden its charitable
impact.
“Schwab’s strong commitment to philanthropy and volunteer service in our
communities is a core part of our culture, which makes us so proud to
sponsor this historic tournament that is among the PGA TOUR leaders in
charitable giving,” said Carrie Schwab-Pomerantz, who serves as
president of the Charles Schwab Foundation and senior vice president of
Charles Schwab. “Schwab has a long tradition of providing financial
education to America’s youth through Boys and Girls Clubs of America,
and we are excited to partner with BGCA and The First Tee of Fort Worth
to extend educational tools and resources to help people take control of
their financial futures.”
Other charitable events and programs designed to extend the tournament’s
time-honored tradition of growing the game of golf and helping those in
need include:
Charles Schwab Challenge Youth Festival Held May 11
Schwab joined with The
First Tee of Fort Worth and the
Boys and Girls Clubs of Greater Tarrant County on May 11 to host the
Charles Schwab Challenge Youth Festival — a free golf clinic and
interactive financial education experience. Hosted at The First Tee of
Fort Worth’s Ben Hogan Learning Center, the event welcomed hundreds of
area children for a day of hands-on instruction with golf professionals
and financial wellness education. Charles Schwab hosted interactive
activities, providing kids a hands-on and engaging simulation on
financial literacy and tools for early lessons in money management.
Adding to the fun as the tournament play begins, fans who make a
donation to The First Tee of Fort Worth as part of Throwback Thursday
also will receive a commemorative Ben Hogan bobblehead conceived of and
donated by Schwab, while supplies last.
Amplifying Support and Visibility for Military Families
With play occurring over Memorial Day Weekend, the tournament will honor
the U.S. armed forces and those who have made the ultimate sacrifice for
our country. The Charles Schwab Challenge has helped donate 14
mortgage-free homes and financial mentoring to injured veterans through
the Military
Warriors Support Foundation in recent years. It’s a tradition that
will continue in 2019 with Schwab’s contributions in which the
tournament will donate two homes to local military families in need –
doubling the home donations from last year. In addition:
-
This year, with Schwab’s contributions the tournament was able
to increase the size of the Patriots Outpost by 40% – a complimentary
venue for active, reserve and retired military members to enjoy the
tournament in a climate controlled environment near the 17th
fairway. Patriots Outpost will also be the location on May 22 where
Schwab volunteers will be building military care packages to be sent
to active members of the military. -
On Sunday, May 26, the Charles Schwab Challenge will honor the men and
women of the U.S. armed forces who lost their lives while serving
their country by having a moment of silence when the tournament
leaders are standing in the 14th fairway (at approximately
5:00 p.m. CST). During this time, all players, caddies, fans and
volunteers will be encouraged to participate by reflecting quietly in
honor of those fallen soldiers. A horn will signal the start and
finish of the moment of silence, after which, play will resume.
Birdies for Charity
The Birdies
for Charity program is a longstanding opportunity for charitable
organizations to utilize PGA TOUR events like the Charles Schwab
Challenge to further their fundraising initiatives by soliciting pledges
from individuals and corporations for every birdie made during the
tournament.
In 2018, almost 1,400 birdies were recorded at Colonial, generating
nearly $14 million — one of the largest totals on TOUR, and the most
ever for the tournament. Since the program’s inception locally in 2005,
the annual campaign has generated more than $86 million for
participating charities.
Schwab Volunteer Week
Schwab has a long culture of investing in its communities through
philanthropy and volunteer service. As a member of the DFW community for
more than 40 years, Schwab will host its annual Volunteer Week
corresponding with the start of this year’s Charles Schwab Challenge.
Schwab employee teams will work on projects in the DFW area that support
individuals on their path to financial empowerment. In all, more than
160 local Schwab employees will be volunteering their time and talents
for charitable organizations the tournament supports, including
activities for local active and retired military members, guidance for
youth tournament volunteers from The First Tee of Fort Worth and various
Charles Schwab Challenge events throughout the week.
In 2018, nearly 7,000 Schwab employees across the country worked with
more than 300 nonprofit organizations across 170 cities, contributing
nearly 28,000 volunteer hours to their communities.
Overall Impact
The 73-year-old tournament has generated cash and services for more than
150 different organizations in the last two decades surpassing $115
million. The breadth of donations focus on children and support a
variety of programs, including camp scholarships for disabled, special
needs or low-income children; residency programs/services for abused,
neglected and at-risk children; college scholarships and educational
mentoring programs; medical services for disabled and low-income
children; after-school programs; and support services for homeless
families.
About the Charles Schwab Challenge
As the Official Investment Firm of the PGA TOUR® and PGA TOUR
Champions since 1997, Charles Schwab expanded its golf presence by
assuming title sponsorship of the PGA TOUR’s annual tournament at
Colonial Country Club beginning in 2019. The four-year agreement will
run through 2022. The Charles Schwab Challenge is one of the country’s
premier and longest-running PGA TOUR events, serving as a showcase for
the game’s best players. The Wall of Champions at Colonial Country Club
is populated by many of the game’s greatest names, with Fort Worth
native and Colonial member Ben Hogan chief among them as the
tournament’s only five-time champion.
About Charles Schwab & Co.
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Charles Schwab & Co.
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