Boys & Girls Clubs of America and Charles Schwab Foundation Name Austin McHenry of Seattle the 2013 National Money Matters

  Boys & Girls Clubs of America and Charles Schwab Foundation Name Austin
  McHenry of Seattle the 2013 National Money Matters Ambassador

Teen Awarded Top College Scholarship Prize; 14 Additional Scholarship Awards
Granted

Business Wire

SAN FRANCISCO -- May 28, 2013

Boys & Girls Club teen Austin McHenry of Seattle has been named the sixth
annual National Ambassador for the Money Matters: Make it Count^SM program,
sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab
Foundation. The National Ambassador serves as spokesperson for the program and
is charged with promoting financial education as the basis for lifelong
financial health and well-being to teens across the country.

Austin McHenry, 2013 National Money Matters Ambassador (Photo: Business Wire)

Austin McHenry, 2013 National Money Matters Ambassador (Photo: Business Wire)

McHenry first started attending Boys & Girls Clubs of King County in Seattle
when he was eight years old. After taking the Money Matters program as a young
teen, he learned to manage his money in a responsible way, and, as the
national ambassador, he hopes to inspire and motivate other youth to learn
what it takes to be financially fit at any age.

One of the most impactful lessons McHenry learned from Money Matters was about
entrepreneurship. He and a close friend currently own their own media and
entertainment company, which specializes in all types of media services
ranging from disc jockey services to photography.

“The lessons I learned in Money Matters have been invaluable in running my
current business and also with my personal finances,” he said. “Because of the
knowledge I gained about saving and investing, my business partner and I
invested all of our initial profits back into the business to buy more
equipment, do larger events and make more money.”

Along with the title of Money Matters National Ambassador, McHenry will
receive a $5,000 college scholarship from Charles Schwab Foundation. Next
fall, he will attend Rochester Institute of Technology in New York to study
mechanical engineering. Boys & Girls Clubs of King County will additionally
receive a matching grant of $5,000 from Charles Schwab Foundation to help fund
the Club’s work in providing Money Matters to Club youth.

Fourteen other Boys & Girls Club teens are also being awarded scholarships for
their achievement in acquiring and applying personal finance knowledge and
skills. Of those, ten will receive $1,000 scholarships. The four other
finalists for the National Ambassador title will receive $2,500 each. Since
2004, Charles Schwab Foundation has presented a total of $460,000 in college
scholarship grants to 222 Boys & Girls Club teens, ages 16-18, who completed
the program and demonstrated excellence in applying their newly acquired
financial literacy skills.

The importance of a national ambassador

“We think there’s so much value inhaving successful teens influence their
friends and families,” said Carrie Schwab-Pomerantz, president of Charles
Schwab Foundation. “Our national ambassadoris invaluable in extending the
reach and impact of Money Matters to people across the country.”

“Through the Money Matters program, Boys & Girls Club teens are provided an
opportunity to start making sound financial decisions early and develop a plan
for a smart financial future,” said BGCA President and CEO Jim Clark. “It’s
very inspiring to see how this program enables young people to go beyond the
basics and apply newfound knowledge to things like opening up their own bank
account or even starting a business.”

Full list of the 14 additional Money Matters college scholarship recipients:

Misael Neftali Cortes  Boys & Girls Clubs of the Los     Ambassador Finalist
                        Angeles Harbor
Bonnie Chen             Boys & Girls Clubs of San
                        Francisco
Lucrezia Caroline       Boys & Girls Clubs Metro Denver
DeLeon
Katelyn Emma Dixon      Boys & Girls Clubs of Greater
                        Salt Lake
Kevin Huertas           Boys & Girls Clubs of Hartford
Samantha Herritt        Boys & Girls Club Iwakuni
                        (Japan)
Dalia Jimenez           Boys & Girls of Greater            Ambassador Finalist
                        Scottsdale (Ariz.)
Brenda Khor             Boys & Girls Club Metro Atlanta
Zackery Lewis           Boys & Girls Club Iwakuni
                        (Japan)
Damarcus McKinney       Boys & Girls Clubs of Metro
                        Atlanta
Kayla Osborne           Boys & Girls Clubs of Metro        Ambassador Finalist
                        Atlanta
A.J. Ricci              Boys & Girls Clubs of Barron
                        County (Rice Lake, Wisc.)
Kayla Smith             Boys & Girls Clubs of Metro
                        Atlanta
Jiyang Zhou             The Educational Alliance (New      Ambassador Finalist
                        York, NY)

About Money Matters: Make It Count

Funded and co-developed by Charles Schwab Foundation, Boys & Girls Clubs of
America’s Money Matters program is designed to promote money management skills
among teens, ages 13-18. The program consists of fun, interactive activities
and exercises on topics such as prioritizing expenses, budgeting responsibly,
using credit wisely, and saving for college. The program is targeted primarily
at teens from underserved communities.

Some 500,000 youth in over 1,700 teen Boys & Girls Clubs across the U.S. have
participated in Money Matters since it launched in mid-2004.

About Boys & Girls Clubs of America

For more than 100 years, Boys & Girls Clubs of America (GreatFutures.org)has
enabledyoung peoplemost in needto achieve great futures as productive,
caring, responsible citizens. Today,nearly4,000 Boys & Girls Clubs serve
some 4 million children and teens through Club membership and community
outreach. Clubs are located incities, towns, public housingand on Native
American landsthroughout the country,andserve military families in
BGCA-affiliated Youth Centerson U.S. military installations
worldwide.Clubsprovide asafe place, caring adult mentors,fun and
friendship,and high-impact youth development programson a daily basisduring
critical non-school hours. Priority programs emphasize academic success, good
character and citizenship, and healthy lifestyles. In a Harris Survey of
alumni, 57 percent said the Club saved their lives. National headquarters are
located in Atlanta. Learn more at bgca.org/facebook and bgca.org/twitter.

About Charles Schwab Foundation

Charles Schwab Foundation is a private, nonprofit organization funded by The
Charles Schwab Corporation. Its mission is to create positive change through
financial education, philanthropy, and volunteerism. More information is
available at www.aboutschwab.com/community. The Charles Schwab Foundation is
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.

Charles Schwab Foundation and Boys & Girls Clubs of America are unaffiliated
entities. (0513-3906)

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Contact:

Boys & Girls Clubs of America
Amy Lamparter, 404-487-5856
alamparter@bgca.org
or
Charles Schwab
Sarah Bulgatz, 415-667-0328
sarah.bulgatz@schwab.com
 
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