Bank of America Grants $200,000 to Create Junior Achievement Financial Education Center
by FinancialCorps, 18 March 2015
Junior Achievement of North Florida is the beneficiary of a $200,000 grant from Bank of America, with the use of proceeds earmarked for the conversion of an existing community center into a financial literacy center as part of Bank of America’s Neighborhood Builders Award Program.
Financial education professionals are giving high marks to the funding, as the new financial literacy center will be the locale of the JA Our City Program, which educates students on a broad range of business education and financial literacy topics. The program also is focused on teaching specific skills needed to work in various careers, which is an essential component of workforce training and preparedness.
Among the many reasons driving excitement about the center is the fact that its educational programs are applicable to many different age groups. Plans for the program rollout include an initial focus on financial education for third grade students, followed by financial literacy programming for middle school and high school students in the future. The Bank of America grant will enable the Junior Achievement programs to reach some 2,500 students per year.
Raising the bar for financial education programming is nothing new to either Bank of America or Junior Achievement. Many industry observers believe that this funding and partnership may serve as the basis for additional work between these two organizations in the years ahead.