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Charles Schwab Foundation Grant Used For Distribution of National Standards

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FOR IMMEDIATE RELEASE Media Contacts:      Laura Levine, Jump$tart Coalition, 202-466-8610, Turn on JavaScript!

                                                                            Sarah Bulgatz, Charles Schwab, 415-636-5940,  Turn on JavaScript!

 

Jump$tart Coalition to Publish National Standards for Personal Financial Literacy

Nonprofit Group Partners with Charles Schwab Foundation and FCIC to Aid Teachers and Parents

 WASHINGTON, DC—November 3, 2008—The Jump$tart Coalition® for Personal Financial Literacy has announced it will use a grant from Charles Schwab Foundation to publish and distribute nationwide 100,000 copies of the third edition of its National Standards in K–12 Personal Finance Education. These standards, created by the Jump$tart Coalition in conjunction with educational and financial services experts, delineate the personal finance knowledge and skills that K–12 students should possess and will be distributed through the Federal Consumer Information Center (FCIC) in Pueblo, Colorado.

 “The Charles Schwab Foundation is very pleased to partner with the Jump$tart Coalition on this significant project,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “It’s very important that teachers and parents have objective benchmarks and standards to evaluate personal finance curricula, and the Jump$tart Coalition is the premier organization in developing and defining this type of information.”

 This offering be published in the FCIC Fall Catalog, but FCIC will also send a special alert to teachers across the country. FCIC brings together an array of U.S. Government

 information and services and makes them accessible to the public—on the Internet, via e-mail, in print, or over the telephone.

The National Standards, which were originally created in 1998 and updated in 2002, can be used to shape lesson plans and course outlines, to evaluate educational materials and to develop educational requirements. The standards identify not only what students should know in a variety of personal finance subject matter areas, but also specify benchmarks of knowledge and skills by 4th, 8th and 12th grades.

 “Jump$tart intends for these national standards to represent the framework for an ideal personal finance curriculum,” said Laura Levine, executive director of the national, not-for-profit organization. “In addition, the Jump$tart Coalition believes that one of the most important issues that needed to be addressed is defining—objectively—what financial literacy is, which is done in these standards.”

Philip Heckman, director of Youth Programs for the Credit Union National Association (CUNA) and Rosella Bannister, director of the Jump$tart Clearinghouse for Personal Financial Literacy, led the revisions task force. The Federal Reserve Board donated the graphic design and printing of the original edition of the book, which is also available online at www.jumpstart.org/guide.html.

About Jump$tart

The Jump$tart Coalition is a national coalition of organizations dedicated to improving the financial literacy of kindergarten through college-age youth by providing advocacy, research, standards and educational resources. Jump$tart strives to prepare youth for life-long successful financial decision-making. Founded in 1995, the coalition now includes 180 national partners from the non-profit, corporate, and federal government sectors, as well as 47 affiliated state coalitions.  More information about Jump$tart and its partners can be found at www.jumpstart.org.  The Jump$tart online clearinghouse of personal financial education materials can be searched at www.jumpstartclearinghouse.org.

About Charles Schwab Foundation

Charles Schwab Foundation is a private, nonprofit organization funded by The Charles Schwab Corporation. Its mission is to give back to the community by supporting employee-selected causes and fostering financial literacy through funding, involvement and expertise.