Charles Schwab President Rick Wurster named Chair of Schwab Charitable™, President and Chair of Charles Schwab Foundation

Schwab Charitable™ and Charles Schwab Foundation today announce that Schwab President Rick Wurster has been elected to chair the organizations’ respective boards of directors and serve as President of Charles Schwab Foundation, effective July 1.

Schwab Charitable is an independent 501(c)(3) non-profit organization, and one of the largest national providers of donor-advised funds and other philanthropic resources with the mission to increase charitable giving in the United States. Charles Schwab Foundation is an independent nonprofit public benefit corporation, funded by The Charles Schwab Corporation, with a mission to empower people through financial education and foster strong communities so that everyone has an opportunity to achieve financial well-being.

Wurster steps into these leadership roles to succeed Carrie Schwab-Pomerantz, who was appointed to the Charles Schwab Corporation Board of Directors in October, 2022. Schwab-Pomerantz served as board chair for Schwab Charitable for 11 years, and as chair and president of Charles Schwab Foundation for nine and 21 years, respectively. She is also stepping down from her executive role at Charles Schwab Corporation as managing director of Schwab Community Services effective June 30.

“Schwab Charitable and Charles Schwab Foundation have flourished under Carrie’s dedicated leadership, and her contributions will continue to have a meaningful impact on both for years to come,” Wurster said. “I am privileged to be entrusted with these new leadership roles and the opportunity to join my fellow board members in helping to chart the future of these two important organizations. Whether it is the giving that we do as a company via Charles Schwab Foundation, or helping our individual clients and their advisors channel their own charitable giving with a Schwab Charitable donor-advised fund, these philanthropies are at the forefront of improving countless lives, and I’m honored to work more closely with them.”

“Rick has long been active as a community and philanthropic leader, and an outspoken advocate for advancing financial literacy,” said Schwab-Pomerantz. “His passion for community service, coupled with his business acumen and influential role in the firm, make him an excellent choice for both Schwab Charitable and Charles Schwab Foundation.”About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. More information is available at Follow us on TwitterFacebookYouTubeLinkedIn and Instagram.

About Schwab Charitable

Schwab Charitable’s mission is to increase giving in the U.S. with donor-advised funds and philanthropic tools and resources that make charitable giving tax-smart, simple and efficient. We offer tools, guidance and relationships that empower donors to incorporate charitable planning into their everyday lives and make a bigger difference in the world. Since our founding in 1999 as an independent 501(c)(3) public charity, Schwab Charitable donors have granted more than $26 billion to more than 230,000 charities. Visit for more information.

Schwab Charitable is the name used for the combined programs and services of Schwab Charitable Fund™, an independent nonprofit organization, which has entered into service agreements with certain affiliates of The Charles Schwab Corporation. Schwab Charitable Fund is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code.

Schwab Charitable does not provide specific individualized legal or tax advice. Please consult a qualified legal or tax advisor where such advice is necessary or appropriate.

About Charles Schwab Foundation

Charles Schwab Foundation is an independent nonprofit public benefit corporation, funded by The Charles Schwab Corporation and classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company, The Charles Schwab Corporation. Its mission is to empower people to through financial education and foster strong communities so that everyone has an opportunity to achieve financial well-being. 

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