New, multi-year fellowship program includes financial advisor mentoring and funding for nonprofits to champion financial education
Capital Group, one of the world’s largest and most experienced active investment managers, is launching the Community Wealth Council, a program aimed at increasing access to financial education and resources. The new program expands Capital Group’s long history of philanthropy and charitable giving.
The Community Wealth Council is a fellowship which equips nonprofit community leaders across the U.S. with the skills and knowledge to build financial education capabilities within their organizations. In the first cohort, selected fellows from 14 U.S. nonprofits will receive support over two years to build financial education programs for their communities. Fellows will attend eight months of instructional sessions, including roundtable discussions and project-based learning. They will be partnered with financial advisors volunteering their time and expertise to serve as mentors. The Council expects to expand globally in the coming years.
The Council has been built in partnership with two nonprofits, The Practice Space, committed to offering inclusive and accessible educational content to foster community voice, and the Foundation for Financial Planning, a nonprofit committed to expanding access to pro bono financial planning. It was constructed to address Capital Group research findings which revealed significant gaps in financial education and access to resources among nonprofit organizations.
Similar to Capital Group’s focus on investing for the long term, this program is an expansion of Capital Group’s long history of associate-driven philanthropy.
“Capital Group’s model for charitable giving is different from other organizations. There is a real tradition of associates giving back to the community. In the past year, over 80% of Capital’s 9,000+ associates directed donations to nonprofits around the world,” said Alexis Rosenblum, global head of sustainability and social responsibility at Capital Group. “This new social impact program is an expansion of our commitment to supporting causes that matter to our associates. We know that effectively managing finances underlies so many aspects of life — everything from health care to housing to education and much more.”
Nonprofit community leaders consistently identified the need for training, mentorship and support to help solve an urgent demand for scalable solutions that help to foster financial security for more Americans.
Paola Zambrana at Caregiver Action Network, one of the Community Wealth Council fellows, said, “Forty-six percent of calls to our national hotline, one of the largest in the U.S., are related to finances. We see a real need for more programs dedicated to financial support for caregivers — this is exactly the kind of program we need more of. When the opportunity came up to join Capital Group’s Community Wealth Council, I said, ‘absolutely, I need to bring a program to our organization that empowers caregivers!'”
Rob Lovelace, portfolio manager and chair of Capital International, adds, “Education is one of the best ways to get at the challenges that face those without financial stability. Capital Group’s associate-led approach to philanthropy is an enduring part of our culture as we continue to advance Capital’s mission of improving lives through successful investing. Capital Group was founded in 1931 during the Great Depression by Jonathan Lovelace, who believed everyone should have the opportunity and knowledge to invest. Through our associates and our work with local communities, we continue that tradition.”
Capital Group’s philanthropic giving and volunteering programs by the numbers include:
- 81% of all global employees participate in our charitable giving programs supporting nonprofit organizations around the world
- 140,000+ hours volunteered by employees in FY2025
- $60.7 million donated to nonprofits in FY2025
- Over 7,500 nonprofits around the world supported in FY2025
- $10 for every hour of time volunteered up to $500 every year for each employee
- Capital Group doubles employees’ personal donations (2:1 matching gifts) to nonprofits up to $5,000 every year
- $250 given to employees on their first day of employment and incremental donations every five years after to direct to a nonprofit important to the employee
- 925 employees serve in nonprofit leadership roles (Board, Advisory Board and Committee) and receive support through Capital Group’s Associate Involvement Grant Program
