We believe that saving and asset building for families help create stronger communities. Please join in by either offering generous donations or by volunteering your time to support our cause.
The Community Foundation for Financial Literacy has started a national movement!
We are connecting with every chapter of every local professional and community-based organization in the country. If you believe in financial self-sufficiency and empowerment, join the movement! Become a supporter or volunteer. Ask your organization or professional association to join the movement!
The Community Foundation continues its expansion efforts.
The Community Foundation is preparing to go live with its new MONEYWize.org web site by the end of the first quarter 2012.
The Community Foundation is preparing to roll out its new College Financial Certification program. The pilot program will begin . . . . .
93% of Americans believe all high school students should be required to take a class in financial education. While a handful of states have adopted varying degrees of financial literacy curricula, currently only four states require high school students to take a semester-long course in personal finance. Only 3% of survey respondents do not think a financial education class should be required, with 4% unsure.
[Visa, Back to School Survey Shows Americans Want Personal Finance Taught in the Classroom, July 20, 2010, http://www.practicalmoneyskills.com/about/press/releases_2010/0720.php]
A 2010 Financial Literacy Survey of adults, conducted on behalf of the National Foundation for Credit Counseling, Inc., revealed that:
- 41% of respondents said they learned their personal finance skills from their parents or at home.
- However 34%, or nearly 77 million people, gave themselves a grade of C, D or F, leading to the conclusion that those in charge of the financial decisions at home may be in need of some additional financial education themselves.
- 78% agree that they would benefit from advice and answers to everyday financial questions from a professional, and nearly one-third (31%) strongly agree.
- 43% keep close track of their spending. However, 56% do not have a budget, and more than 11 million adults (5%) do not monitor their overall spending and don’t know how much they spend on food, housing, and entertainment.
[National Foundation for Credit Counseling, Inc., Father Knows Best - Or Does He?, June 15, 2010, http://www.nfcc.org/newsroom/newsreleases/files10/FathersDayRelease.pdf and National Financial Literacy Survey Reveals Silver Lining, April 13, 2010, http://www.nfcc.org/newsroom/newsreleases/files10/FLS_ReleaseFINAL2.pdf]
The Community Foundation joins forces with NASP!
