The University of Notre DamesRobinsonCommunityLearningCenterhas received a $20,000 grant from the Key Bank Foundation in support of a new Youth Financial Literacy Training Program.
The purpose of the new program is to teach young people the principles of effective money management. Participants will learn how money works, the wise use of money and credit cards, the importance to paying debt on time, good financial habits, the value of entrepreneurship, and the effect of credit history on home ownership. About 60 area youngsters ages 13-19 will take part in the program.
Day to day, many families in Northern Indiana struggle with the financial pressures of living paycheck to paycheck, putting little to no money aside for emergency savings,said Key Bank District President Jeff Stone.The savings rates of American families are negative for the first time since the Great Depression. I cant think of a better investment today, than in the financial literacy of our children.
Key Foundation is a private foundation funded by KeyCorp. Charitable grants are given by the foundation to nonprofit organizations in the communities that Key serves. Grants from Key Foundation principally support organizations and institutions that promote economic independence through financial education and workforce initiatives that foster diversity and inclusion. Visit https://www.key.com/html/A-12.html to access Keys 2005 Report on Philanthropic Investment, or download the report directly at https://www.key.com/pdf/philanthropicir.pdf . News about Key in the community is available at http://www.csrwire.com/companyprofile?id=993
Cleveland-based KeyCorp is one of the nations largest bank-based financialservices companies, with assets of approximately $92 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout theUnited Statesand, for certain businesses, internationally.
Founded in 2001, theRobinsonCenterworks with community and University partners to strengthen the Northeast Neighborhood through relationship-building and educational opportunities. More than 3,700 participants and 2,000 volunteers have worked in a variety of activities since the centers founding six years ago. Programs offered by the center include one-on-one tutoring; Take Ten, a school-based violence prevention initiative; and an adult English as a Second Language program.
More information on theRobinsonCenteris available at http://www.nd.edu/~rclc/index.shtml