The Cornerstone Credit Union Foundation has received a grant from the National Credit Union Foundation, which it will use to help continue expanding usage of Biz Kid$, a credit union funded public television series that teaches kids about money management and entrepreneurship. According to Cornerstone Foundation Executive Director Courtney Moran, this is the second grant they have received from NCUF for its Biz Kid$ initiative.
A recent study funded by the National Endowment for Financial Education found that while 89 percent of K-12 teachers agree that students should either take a financial education course or pass a competency test for high school graduation, relatively few teachers believed they were adequately prepared to teach personal finance topics. To address the issue, the Cornerstone Foundation created a pilot program to provide the opportunity for teachers to receive personal financial education, as well as learn tips and techniques on how to teach the BizKid$ program. NCUF funded part one, and now part two of that pilot.
“We couldn’t be more thrilled to have received this additional funding from NCUF,” says Courtney Moran,.
Participating teachers, Moran adds, will implement the Biz Kid$ curriculum in their classrooms and students will collaboratively create a business plan for a business in their community in need of help.
“Biz Kid$ is an exceptional program that educates, informs and motivates young people,” adds Moran. “Not only will students learn what it takes to be a successful entrepreneur, but they will also gain experience in creating a business plan for a real organization. It’s a win-win.”
In addition to a grant to the Cornerstone Foundation, NCUF’s board of directors approved six other new Biz Kid$ grants for 2014.
“There is a need to improve the financial literacy skills of the youth in America and Biz Kid$ is the perfect vehicle to address that need,” said Danielle Brown, NCUF director of development and donor relations. “We are excited to fund these innovative programs that will improve the financial education of youth through the use of the Biz Kid$ program.”