USTA Foundation Receives $2.7 Million Gift from the Chess Foundation
Posted: December 15, 2025 in Suppliers
USTA
PURCHASE, N.Y. – The USTA Foundation announces it has received a $2.7 million grant from the Chess Foundation that will help it expand its reach and impact in under-resourced communities nationwide. This transformational gift, distributed over three years, will provide the USTA Foundation with additional organizational capacity to exponentially grow its revenue and visibility, which will ultimately afford more young people the opportunity to access valuable tennis, education, and mentorship programs that can help them succeed both in sport and in life.
The Chess Foundation, established by the Schwab family, champions a mission closely aligned with that of the USTA Foundation. The Chess Foundation focuses its philanthropy on serving youth and senior citizens from under-resourced communities, and the USTA Foundation uses tennis and education as tools to equip young people from these communities for the challenges and opportunities of life.
“At the Chess Foundation, we believe in investing in organizations and programs that can truly transform lives,” said Charles Schwab, Jr., chair of the Chess Foundation. “This gift reflects our confidence in the ability of the USTA Foundation to grow its revenues so that it can accelerate its important work to create opportunities for young people through tennis, education and mentorship. We’re proud to support the USTA Foundation in this way, helping it to deepen impact in communities nationwide.”
“We are incredibly grateful to the Chess Foundation for this game-changing gift,” said USTA Foundation Board President Kathleen Wu. “This support underscores our shared belief in expanding opportunity for young people and amplifies our ability to use tennis and education as catalysts for meaningful change.”
The USTA Foundation has supported the dreams of young people for more than 30 years. Today, the Foundation supports 270 community organizations that serve over 200,000 young people from under-resourced communities nationwide with access to initiatives that go far beyond the court–including mentorship opportunities, academic support, scholarships and grants, and college and career readiness programs.
