Fidelity Investments® Selects Utah 4-H as Winner of Nationwide Search for Financial Education Ideas

Winning idea will help students from low-income areas across Utah improve their financial literacy

BOSTON – Fidelity Investments® and Utah State University Extension
4-H (Utah 4-H) will create and implement this year a unique peer-to-peer financial education pilot program in Utah. The new pilot program will leverage Fidelity’s financial knowledge and commitment to financial education and the prominent youth development organization’s proven “Teens Reaching Youth” model and financial education experience. High school students from across Utah will be trained and coached by Fidelity® employee volunteers on financial basics – such as budgeting and money management – and in how to lead and teach peers and younger youth in these critical life skills.

The Fidelity Investments Financial Education Grant Challenge, launched last September, invited Americans and organizations to offer innovative and engaging ideas that improve the financial literacy of high school students in low-income areas and that utilize the company’s employee volunteers and financial knowledge. Utah 4-H’s winning idea was selected from 73 entries submitted from 30 states.

“Our goal with the Grant Challenge was to seek new ideas for how we could best tap the knowledge of our employees to improve financial competency among high school students,” said Gary Blank, senior vice president, public affairs and policy at Fidelity Investments. “In Utah 4-H, we see an exciting opportunity to combine our financial knowledge, innovation and the passion of our employees with an organization that successfully reaches and engages youth. This pilot program will provide us with new learnings that may inform a number of our education programs and future efforts to help students learn financial concepts.”

Dave Francis, associate professor at Utah State University Extension 4-H, added: “We’re confident that our proven peer-to-peer model and strong record in reaching and engaging youth – coupled with Fidelity’s financial knowledge and the company’s dedicated employee volunteers – will prove to be a winning combination for youth across Utah. Together we can arm teen leaders with solid financial knowledge and skills that they need to be successful – and equip them to teach their peers and younger youth.”

Pilot Program Details
Fidelity Investments and Utah 4-H will co-develop the pilot program and customized curriculum designed to improve students’ financial literacy. High school students from multiple counties across Utah will apply this spring to participate. Teen leaders will engage in hands-on, experiential activities led by Fidelity employees during a weekend training session in May to learn basic financial concepts, such as how to budget, save and manage their money.

Teen participants will then use their new knowledge, skills and tools to teach their peers and younger youth about personal finance through various interactive activities and technology they create and leverage. Each teen leader will teach a minimum of six hours to at least 15 youth in settings such as summer camps, clubs and after-school programs. Throughout the program, Fidelity employee volunteers will work with teen leaders via an online community to provide further tips on guiding younger youth and applying financial concepts in their own lives.

Research will be conducted with the teen leaders and youth participants to gauge their financial knowledge, skills and attitudes before and after the program. The pilot program will include evaluation to gauge effectiveness and inform future efforts. Details on the Grant Challenge are located at www.fidelity.com/grant. Information about how high school students can get involved is at http://utah4h.org/TRY.

Fidelity’s Commitment to Education
The Fidelity Investments Financial Education Grant Challenge and pilot program with Utah 4-H is part of the company’s broader efforts to engage employees to add value to the communities where they work and live. Fidelity creates volunteer opportunities for its employees that use their insights and experience to help provide students in need with an educational foundation to feel more confident, make smart decisions, and achieve personal and financial goals.

Whether employees are mentoring students or teaching them financial concepts, Fidelity fosters an environment that encourages them to share their time and talent throughout the year. 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 $4.6 trillion, including managed assets of $1.9 trillion, as of December 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.

Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917

676991.1.0
© 2014 FMR LLC. All rights reserved.