NEW YORK, N.Y., May 27, 2009 – The New York Life Foundation announced today a $40,000 grant to The Actuarial Foundation to support the development of Building Your Future, a new financial literacy curriculum which includes a series of books designed to help students master the basics of personal finance and prepare them for life during and after they graduate from high school. Training guides for teachers are also included in this comprehensive package.
“We are grateful for the support we have received from the New York Life Foundation over the years, and specifically for their help in making Building Your Future possible,” said Eileen Streu, executive director of The Actuarial Foundation. “It is so important to prepare teens for life after high school, and financial literacy is a critical part of the equation. If they can master the basics of personal finance, they can move towards a financially secure future and avoid so many of the problems that can otherwise hold them back.”
“The New York Life Foundation is pleased to support Building Your Future because it aligns perfectly with New York Life’s mission to help people achieve a financially secure future for themselves,” said Chris Park, president, New York Life Foundation. “With the financial challenges we’re all facing today, it’s essential to teach children how to manage their money wisely and make intelligent financial decisions.”
Building Your Future consists of:
- Book One: Banking covers savings accounts, checking accounts, credit cards, and taxes
- Book Two: Financing covers loans and interest, home loans, auto loans, and insurance
- Book Three: Investing covers bonds, stocks, mutual funds, risk and diversification, and inflation
The series helps students grasp the essentials of personal finance, gives them multiple opportunities to practice core skills, and showcases the real–world impact of the financial decisions they make. The Teacher’s Guide provides handouts and answer keys, instruction and assessment suggestions, definitions and additional resources, and alignment with national mathematics and personal financial education standards.
To download the curriculum for free in PDF format, or to learn more about ordering printed copies of the materials, visit http://www.actuarialfoundation.org.
About The New York Life Foundation:
The New York Life Foundation is the major vehicle through which New York Life Insurance Company channels contributions to national and local nonprofit organizations. Through its Nurturing the Children initiative, the Foundation supports organizations, programs and services that target young people, particularly in the areas of mentoring, safe places to learn and grow, educational enhancement opportunities and childhood bereavement. Since 1979, the New York Life Foundation has donated more than $110 million to national and local nonprofit organizations. Please visit the New York Life Foundation’s Web site at: http://www.newyorklifefoundation.org.
About The Actuarial Foundation:
The Actuarial Foundation, a 501(c)(3) organization, was established in 1994 to help facilitate and broaden the actuarial profession’s contribution to society. The Foundation explores innovative ways to apply actuarial skills in the public interest and brings together partnerships of individuals and organizations to address social problems in creative ways. The Actuarial Foundation’s mission is to develop, fund and execute education programs that serve the public by harnessing the talents of actuaries.
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|New York Life Foundation Grants $40,000 To The Actuarial Foundation To Develop New Financial Literacy Curriculum|