Stanford's Rolling Out A Revolutionary Way To Think About Personal Finance -- Made Possibly By Generous Gift From Schwab -- October 10, 2024

Locator: 48548PERSONALFINANCE.

Link here to the paywall. But even that much gets you everything you need to know. 

But here's the real deal -- from stanford.edu. 

This is a huge deal. Remember, this is where SoFi started, where Robinhood started.

The headline:

Stanford Business "IS" Schwab. Link here.

From the linked Stanford site:

Even today, the most basic concepts of money management elude millions of people: They pay more than they should to borrow money, have little provision to protect themselves against financial shocks, and plan poorly – if at all – for their financial futures.

A new multidisciplinary initiative aims to change that: first, by providing the resources and tools that are essential for making sound financial decisions and building a safe financial future; then, by expanding the learnings and best practices from Stanford to colleges and universities throughout the United States; and ultimately, by using technology to extend the program’s reach across the globe.

The Initiative for Financial Decision-Making – a collaboration among Stanford Graduate School of Business (GSB), the Stanford Institute for Economic Policy Research (SIEPR), and the Stanford Department of Economics in the School of Humanities and Sciences – is made possible by a generous gift from Helen and Charles R. “Chuck” Schwab, ’59, MBA ’61, and the Charles R. Schwab Foundation for Financial Freedom.

“Through research and teaching, this cross-Stanford collaboration will guide individuals and communities on a path toward sound financial decision-making,” said Stanford President Jonathan Levin, who was dean of Stanford GSB when the gift was made. “We’re incredibly grateful for the vision and generosity of Chuck Schwab, who is making this powerful new initiative possible.”

This gift continues the Schwabs’ decades-long tradition of philanthropy to Stanford that has touched myriad areas of campus, from the GSB to Athletics, the Cantor Arts Center, the Hoover Institution, SIEPR, and Stanford Medicine, as well as significant support for undergraduate financial aid, including student-athletes.

Economist Professor Annamaria Lusardi, link here: