Phoenix, Ariz. (November 11, 2021) – As First Tee approaches the 25th anniversary milestone, Charles R. Schwab has committed transformational support through a new Charles Schwab Challenge Grant. Schwab is the Chairman and founder of the eponymous wealth management firm that has carried his name for almost five decades. The $25 million grant will provide up to a $1 match for every $2 donated to First Tee Chapters by individuals, corporations and foundations now through 2026. This Grant program will provide First Tee Chapters the opportunity to significantly grow and deepen their impact over the next several years.
“I believe in the power of investing to help individuals create a better tomorrow,” said Charles R. Schwab. “That’s why I am investing in First Tee. I believe in this organization’s mission and the power of the First Tee Chapters to continue changing the game for young people for years to come.”
“As we approach our 25th anniversary, it’s a great time for us to reflect on the successes of the past as well as look ahead, focusing on what is needed to leave an even greater impression on the next generation,” said Greg McLaughlin, First Tee CEO. “This grant program is only possible because of the leadership and commitment of Charles Schwab. We are grateful for his support and the lasting impact it will have on the young people and the communities we serve.”
Charles Schwab Grant Program benefiting First Tee Chapters kicks off this week in conjunction with the Charles Schwab Cup Championship, the final event on the PGA TOUR Champions schedule. Held at Phoenix Country Club, First Tee — Phoenix participants Abi Morris and Jake Walden played alongside Charles Schwab and Phil Mickelson in the Wednesday pro-am.
Next year, First Tee will celebrate 25 years of providing programs that teach life skills and help kids and teens build their strength of character through golf. Impacting more than 3.7 million youth annually, programs are delivered at First Tee Chapters, schools and youth centers across the country and select international locations.