Charles Schwab Foundation announced a $2.85 million multi-year expansion of its partnership with SIFMA Foundation to increase access to investing education for students nationwide.

The funding will support three key programs. The Stock Market Game will be integrated into Boys & Girls Clubs of America's Money Matters curriculum to reach millions more young people. The Capitol Hill Challenge, a national financial education competition pairing middle and high school students with Members of Congress, will emphasize schools serving under-resourced communities. The Stock Market Game Summer Session will extend investing education beyond the school year into homes, camps, libraries and community spaces.

The partnership builds on nearly a decade of collaboration between the two foundations. SIFMA Foundation's Stock Market Game has helped nearly 24 million students develop investing knowledge since 1977, according to the press release.

"Today's young people are navigating more financial information and misinformation than ever before," said Chris Wyse, Chief Corporate Affairs Officer and Chair of the Board of Charles Schwab Foundation. "In this environment, it's critical that students learn the difference between speculation and investing, hype and fundamentals."

The investment is part of Charles Schwab Foundation's broader commitment to youth financial education. The foundation has committed more than $20 million over the next three years to support nonprofit partners focused on building financial knowledge for young people.

Charles Schwab Foundation is funded by The Charles Schwab Corporation (NYSE: SCHW) and operates as an independent nonprofit public benefit corporation classified as a 501(c)(3) charity.