Schwab Institutional has awarded a $300,000 grant
for the Financial Planning Association's pro bono financial planning
services.
The grant will be paid over three years to initiate
an endowment for the FPA's Financial Planning Support Center, which was
founded to help families impacted by the September 11 terrorist
attacks. The center has since expanded its mission to serve low-income
clients, disaster victims and people who have received credit
counseling or declared bankruptcy.
The center has also partnered with the American Red
Cross to offer pro bono financial planning to military families,
including reservists and members of the National Guard.
"We are very pleased to be the first donor to
support this important new endowment," says Deborah McWhinney,
president of Schwab Institutional. "The FPA members who donate their
time and expertise are providing an invaluable service to thousands of
people, and through this contribution, we hope to enhance their
efforts."