Los Angeles-based Capital Group on Monday launched the Community Wealth Council, a fellowship program designed to expand access to financial literacy and resources across U.S. communities.

The initiative marks an extension of the $3 trillion investment manager’s long tradition of philanthropy, with a focus on equipping nonprofits to strengthen financial education capabilities.

Fellowship Targets Nonprofit Leaders

The first group of fellows includes leaders from 14 U.S. nonprofits. Over the two years, they will receive training, mentorship, and funding to develop financial education programs.

Participants will take part in eight months of instructional sessions and roundtable discussions, where each fellow will be paired with a volunteer financial advisor serving as a mentor. Capital Group said it plans to expand the program globally in the future.

Partnerships With Education Nonprofits

The council was created in partnership with The Practice Space and the Foundation for Financial Planning, as both groups specialize in accessible education and provide pro bono financial planning services.

The program responds to research by Capital Group, which found significant gaps in financial knowledge and resources among nonprofit organizations.

“Associates at Capital have always led with giving back,” said Alexis Rosenblum, global head of sustainability and social responsibility. “This program expands our commitment to causes that matter to them. Managing finances underlies so many aspects of life — from health care to housing to education.”

Nonprofits See Urgent Demand

Community leaders say the program addresses a pressing need.

“Forty-six percent of calls to our national hotline are about finances,” said Paola Zambrana of Caregiver Action Network, one of the new fellows. “We need more programs like this that empower caregivers.”

Rob Lovelace, portfolio manager and chair of Capital International, said education is one of the best ways to address financial insecurity. “Our associate-led philanthropy reflects a culture built since our founding in 1931 during the Great Depression,” he said.

By the Numbers

Capital Group said its giving programs supported more than 7,500 nonprofits globally in fiscal 2025. Key figures include:

  • 81 percent of global employees took part in charitable giving programs
  • 140,000 hours volunteered by staff
  • $60.7 million donated to nonprofits
  • Matching gifts up to $5,000 annually for employees
  • 925 associates serving on nonprofit boards or committees

Long Tradition of Philanthropy

Capital Group’s approach to charitable giving emphasizes employee involvement. The company provides $10 for every hour volunteered, up to $500 each year, and makes $250 available for donation on an employee’s first day.

The firm, founded in 1931, manages more than $3 trillion in assets. It remains focused on its mission to improve lives through successful investing and through expanded philanthropic initiatives centered on financial literacy.

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