Akron, OH– The Allstate Foundation has awarded Junior Achievement of North Central Ohio (JA) a $30,000 grant to provide financial literacy education to approximately 1,000 students throughout the region during the 2016-2017 school year.
The grant will support JA’s Financial Literacy and Entrepreneurship Education Programs to K-12 grade students in North Central Ohio. Curriculum is taught by a team of corporate and community volunteers focused on fostering work-readiness, entrepreneurship and financial literacy skills, and preparing young people to succeed in a global economy.
“We are committed to our students’ future goals by making sure they are adequately prepared with the tools and skills they’ll need such as communication, problem solving and critical thinking,” said Michael Gaffney, president, Junior Achievement of North Central Ohio. “This grant from The Allstate Foundation will further JA’s mission to empower young people to own their economic success and achieve their full potential.”
By teaching money management and entrepreneurial skills, pillars of JA’s programs, young people are empowered to own their economic success by understanding the importance of good fiscal responsibility and opening the doors to career opportunities. Students who participate in JA programs also demonstrate a significant understanding of economic and business-related concepts.
Findings from recent surveys conducted by JA USA reveal young people are lacking the professional skills and economic know-how needed to succeed post-graduation. Graduating students are inadequately prepared to participate in a meaningful way to their employers' success because they lack basic skills such as communication, problem solving and critical thinking. Hiring professionals who regularly evaluate the qualifications of new entrants (high school and college graduates) into the workforce believe only 20 percent of young job hires are "very qualified" for their new positions.
"We applaud the job JA is doing to fill a current void that exists to prepare young people with the financial literacy skills they need to succeed in the future,” said Gary Hutchins, Senior Facility Manager for Allstate and JA Board Member. "As a company, Allstate believes in building solid partnerships to strengthen the communities where we do business, work and live, and are pleased to support JA of North Central Ohio through the Allstate Foundation."
The $30,000 grant brings the Allstate Foundation’s total contribution to Junior Achievement of North Central Ohio to over $390,000 since 2006.
The Allstate Foundation has invested more than $400 million in funding across the country since 1952, supporting organizations dedicated to addressing three issues: Domestic Violence, Youth Empowerment and Teen Safe Driving.