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Fidelity Investments® Issues Financial Education Grant Challenge for New Ideas to Improve Financial Literacy Among Students in Need
Winning idea will receive funding up to $100,000, volunteer support and financial expertise to help high school students in low-income areas make smart financial decisions in their livesBOSTON – With financial literacy among young people at alarmingly low levels – and related outcomes such as younger Americans having higher credit card debt than the previous two generations – Fidelity Investments® is helping address the situation head on. Through its Fidelity Investments Financial Education Grant Challenge, the financial services firm invites Americans to offer their innovative and engaging ideas that are designed to improve the financial literacy of high school students in low-income areas and that utilize the company’s dedicated employee volunteers and financial expertise.
Fidelity® will fund the winning idea up to $100,000 with a pilot test by collaborating with a non-profit organization or educational institution. The person submitting the winning idea – who does not have to be affiliated with the implementing organization – will receive a $1,000 charitable gift card to make a donation to a public school of his or her choice through DonorsChoose.org and also will be rewarded by knowing they have helped young people become better able to make smart financial decisions in their lives.
“Fidelity’s employees help our customers every day make sound financial decisions with confidence,” said Gary Blank, senior vice president, public affairs and policy at Fidelity Investments. “Our employees are passionate about helping people. Last year more than 8,000 of our employees joined together with their colleagues to volunteer. At a time when the need for financial education is so great, we’re looking for new approaches for how to best tap into employees’ expertise to engage students in new ways to improve their own financial choices.”
Applicants submit ideas that highlight how Fidelity volunteers and the company’s financial expertise can help improve the personal financial literacy – including basics such as how to budget, save and manage their money – of high school students in low-income areas. Although optional, Fidelity welcomes ideas that also include suggestions for an implementing organization and ways to incorporate technology to make financial education more fun and engaging for young people. Ideas are due by Nov. 7, 2013. Current plans include winner selection by the end of 2013 and pilot program implementation in 2014. Additional details – including entry rules and the online submission form – are located at www.fidelity.com/grant.
Fidelity’s Commitment to Education
A guiding idea for Fidelity is to make the benefits of financial services excellence accessible to anyone, not just the very few. So just as we help our customers every day make sound financial decisions with confidence, Fidelity uses a similar approach to investing in the communities where we work and live. We accomplish this primarily through creating volunteer opportunities for our employees – including investment professionals, customer service representatives, technologists and operations specialists – who use their expertise and skills to provide students with an educational foundation to feel more confident, make clearer decisions and achieve personal and financial goals.
This foundation begins with the basics – a quality, core education complete with strong analytical, critical thinking and math skills – delivered in a dynamic setting that helps young people thrive. Long-term success also requires financial education programs focused on key economic and personal finance concepts that enable students to make smart financial decisions and expand their career opportunities. For more details about Fidelity’s efforts in education, please visit www.fidelity.com/education.
About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $4.2 trillion, including managed assets of $1.8 trillion, as of August 31, 2013. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.
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