The Charles R. Schwab Foundation for Financial Freedom focuses almost exclusively on expanding financial capability through curriculum development, educator training, and youth-centered programming. The foundation makes a few large, programmatic grants—primarily to national institutions and university partners—to scale financial literacy courses and digital/peer education initiatives. Recipients are national organizations that can deliver teacher scholarships, badges, ambassador programs or platform-based tools to reach K–12 and young adults. Giving is national in reach despite the foundation’s Palm Beach location, and it concentrates funding on repeat, high-impact partners.
A defining feature of Charles R Schwab Foundation for Financial Freedom is the size of its anchor grant to Stanford University: $10,999,511 in 2025 to support a financial literacy course. That award sits within a pattern of large, programmatic gifts aimed at building financial capability through curriculum, educator support, and youth-facing learning programs. The foundation’s recent grants show a consistent preference for partners that can scale instruction or programming across networks, classrooms, and student communities rather than through one-off local awards. Stanford appears repeatedly in the grant record, with additional support of $5,244,498 in 2024 and $5,239,852 in 2023 for the same course. Other named partners include Teach for America, Jumpstart Coalition for Personal Financial Literacy, Society for Financial Education & Professional Development, and Working in Support of Education. The grant purposes point to a narrow but coordinated strategy: financial literacy course development, student ambassador programming, teacher scholarships, certification support, and peer-led education. The foundation’s giving is national in scope, and its recipients are organizations positioned to deliver financial education at scale to K-12 students, teacher candidates, and young adults.
At the university level, the foundation backed Stanford University with $10,999,511 in 2025 for a financial literacy course, alongside earlier support of $5,244,498 in 2024 and $5,239,852 in 2023 for the same effort. In K-12 youth programming, it gave $500,000 to Girl Scouts Of The United States Of America for the financial literacy badge relaunch, showing interest in credential-style learning for students. Teacher development is another clear thread. The foundation awarded $350,000 to Jumpstart Coalition for Pers'l Financial Literacy for teacher scholarships tied to an annual national educator conference, and $200,000 to Working in Support of Education for student teacher certification. It also supported the Society for Financial Education & Professional DEV with $300,000 for a student ambassador program, and the Council for Economic Education with $250,000 for the Moneywise America pilot with local affiliates in market-level settings. These grants show a focus on training educators, building student leadership, and spreading financial education through partner networks.
$3.4M
$1.9M
$6.4M
$3.5M
Most grants fall between $250K and $463K, with a median of $300K.
25th Percentile
$250K
Median
$300K
75th Percentile
$463K
About 0% of grants go to recipients in NY.
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Concentrated, high-dollar giving to a small number of national partners with several repeat grantees; a flagship large grant (Stanford) accounts for the bulk of dollars while smaller multimillion- and mid‑level grants support program expansion, educator training, and digital scaling.
Notable grantees: Stanford University, Jumpstart Coalition for Personal Financial Literacy, Girl Scouts of the USA, National 4‑H Council, Society for Financial Education & Professional Development
Typical grant size is large: the 25th percentile is $250,000, the median is $300,000, and the 75th percentile is $462,500. The record also includes several multi-million-dollar awards, which makes the foundation’s grantmaking feel programmatic rather than scattershot. Stanford University appears in three consecutive years, and Jumpstart Coalition for Personal Financial Literacy and Teach for America each received repeated support, pointing to recurring partnerships rather than one-time awards. The foundation is a regular funder, not a DAF, and it does not fund individuals or make program-related investments. Grant purposes are generally specific and implementation-oriented, with language such as support for courses, scholarships, certification, ambassadors, and pilots. No application process is stated in the provided data.
Grantmaking is national, with every recent grant landing in the United States. California is the top state by grant count, driven in part by Stanford University in Stanford and Project Glimmer in San Francisco, while New York also appears repeatedly through recipients in New York City. Washington, DC and the surrounding area show up as well through a recipient in Alexandria, Virginia, and organizations in Washington, DC and Chevy Chase, Maryland. The HQ state, Florida, accounts for 0% of grants in the recent record.
Its recent grants support a financial literacy course at Stanford University, a financial literacy badge relaunch for Girl Scouts Of The United States Of America, teacher scholarships for a national educator conference, student ambassador programming, student teacher certification, and a pilot with local affiliates through the Council for Economic Education.
Yes. Stanford University received grants in 2023, 2024, and 2025. Jumpstart Coalition for Personal Financial Literacy and Teach for America also appear more than once in the recent record, which suggests ongoing partnerships rather than isolated grants.
The typical grant is substantial. The 25th percentile is $250,000, the median is $300,000, and the 75th percentile is $462,500. The recent record also includes much larger awards, including a $10,999,511 grant in 2025.
Its giving is national, with all recent grants going to U.S. recipients. California is the top state by grant count, and New York also appears frequently among recipient locations.
2026
Source: IRS Form 990-PF, fiscal year 2026.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| STANFORD UNIVERSITY | STANFORD, CA | $6,010,020 | 2026 | SCHWAB FINANCIAL FREEDOM LEADERSHIP FUND & THE SCHWAB PROGRAM FOR FINANCIAL FREEDOM TERM ENDOWMENT FUND |
| STANFORD UNIVERSITY | STANFORD, CA | $4,983,448 | 2026 | THE INITIATIVE FOR THE FINANCIAL FREEDOM FUND |
| SIFMA FOUNDATION | NEW YORK, NY | $375,000 | 2026 | SIFMA FOUNDATION PROGRAM EXPANSION |
| NEXT GEN PERSONAL FINANCE | BURLINGAME, CA | $250,000 | 2026 | STATE IMPLEMENTATION SUPPORT |
| WORKING IN SUPPORT OF EDUCATION | NEW YORK, NY | $225,000 | 2026 | STUDENT FINANCIAL LITERACY CERTIFICATION PROGRAM EXPANSION |
| FOUNDATION FOR COLLEGE SYSTEM OF TENNESSEE | NASHVILLE, TN | $150,000 | 2026 | FUNDING FOR INDIVIDUALS ENROLLED IN TCAT NASHVILLE |
| THE MANUFACTURING INSTITUTE | WASHINGTON, DC | $150,000 | 2026 | FUNDING FOR GENERAL SUPPORT |
| WILLIAMSON COLLEGE OF THE TRADES | MEDIA, PA | $85,000 | 2026 | FUNDING FOR GENERAL SUPPORT |
| STANFORD UNIVERSITY | STANFORD, CA | $10,999,511 | 2025 | To Support Financial Literacy Course |
| Jumpstart Coalition FOR PERS'L FINANCIAL LITERACy | Washington, DC | $300,000 | 2025 | TO SUPPORT PERSONAL FINANCE EDUCATION FOR TEACH FOR AMERICA |
| Society for Financial Education & Professional DEV | Alexandria, VA | $300,000 | 2025 | TO SUPPORT Student Ambassador Program |
| TEACH FOR AMERICA | New York, NY | $250,000 | 2025 | TO SUPPORT PERSONAL FINANCE EDUCATION |
| Working in Support of Education | New York, NY | $200,000 | 2025 | TO SUPPORT Student Teacher Certification |
| STANFORD UNIVERSITY | STANFORD, CA | $5,244,498 | 2024 | Support of Financial Literacy Course |
| TEACH FOR AMERICA | New York, NY | $250,000 | 2024 | TO SUPPORT PERSONAL FINANCE EDUCATION |
| Jumpstart Coalition for Pers'l Financial Literacy | Washington, DC | $50,000 | 2024 | To Support Personal Finance Education for Teach for America |
| STANFORD UNIVERSITY | STANFORD, CA | $5,239,852 | 2023 | Support of Financial Literacy Course |
| Girl Scouts Of The United States Of America | New York, NY | $500,000 | 2023 | Support the Financial Literacy Badge Relaunch |
| Jumpstart Coalition for Pers'l Financial Literacy | HILLSBORO, NH | $350,000 | 2023 | Support of Teacher Scholarships for Annual National Educator Conference |
| National 4-H Council | CHEVY CHASE, MD | $350,000 | 2023 | Support of Expand Smart Cents Digital Programming |
| COUNCIL FOR ECONOMIC EDUCATION | New York, NY | $250,000 | 2023 | Support of Moneywise America Pilot with Council for Economic Education Affiliates in Local Markets |
| PROJECT GLIMMER | SAN FRANCISCO, CA | $250,000 | 2023 | Support of Financial Literacy Inclusion in Empowerment Academy |
STANFORD UNIVERSITY
$6,010,020SCHWAB FINANCIAL FREEDOM LEADERSHIP FUND & THE SCHWAB PROGRAM FOR FINANCIAL FREEDOM TERM ENDOWMENT FUND
STANFORD UNIVERSITY
$4,983,448THE INITIATIVE FOR THE FINANCIAL FREEDOM FUND
SIFMA FOUNDATION
$375,000SIFMA FOUNDATION PROGRAM EXPANSION
NEXT GEN PERSONAL FINANCE
$250,000STATE IMPLEMENTATION SUPPORT
WORKING IN SUPPORT OF EDUCATION
$225,000STUDENT FINANCIAL LITERACY CERTIFICATION PROGRAM EXPANSION
FOUNDATION FOR COLLEGE SYSTEM OF TENNESSEE
$150,000FUNDING FOR INDIVIDUALS ENROLLED IN TCAT NASHVILLE
STANFORD UNIVERSITY
$10,999,511To Support Financial Literacy Course
Jumpstart Coalition FOR PERS'L FINANCIAL LITERACy
$300,000TO SUPPORT PERSONAL FINANCE EDUCATION FOR TEACH FOR AMERICA
Society for Financial Education & Professional DEV
$300,000TO SUPPORT Student Ambassador Program
STANFORD UNIVERSITY
$5,244,498Support of Financial Literacy Course
Jumpstart Coalition for Pers'l Financial Literacy
$50,000To Support Personal Finance Education for Teach for America
STANFORD UNIVERSITY
$5,239,852Support of Financial Literacy Course
Support the Financial Literacy Badge Relaunch
Jumpstart Coalition for Pers'l Financial Literacy
$350,000Support of Teacher Scholarships for Annual National Educator Conference
COUNCIL FOR ECONOMIC EDUCATION
$250,000Support of Moneywise America Pilot with Council for Economic Education Affiliates in Local Markets
Support of Financial Literacy Inclusion in Empowerment Academy