Baltimore Orioles Hit Financial Literacy Home Run

The Baltimore Orioles hit a financial literacy home run in announcing that volunteers from the team will help break ground on a new technology center in Maryland. Adam Jones, All-Star center fielder, along with the Orioles Wives and many Orioles front office employees will be in attendance and part of the ground breaking ceremony. The Brooklyn O’Malley Boys and Girls Club, with the help of donations by Adam Jones and the Orioles Charitable Foundation, will soon have an addition to their establishment. The Technology and Learning Center, when complete, will enhance the Boys and Girls Club’s ability to provide educational support, such as college preparation, STEM programs and financial literacy education.  The Orioles are thereby giving back to their community in a crucial way, with more financial literacy programs being available in the neighborhood.  Young people will have the opportunity to develop critical skills for the future. For more information on the announcement, please click here.

Also making financial capability headlines are the recent financial education developments in Kenya. The National Treasury of Kenya has announced reforms in the financial sector to ensure stability and competitiveness of the local financial institutions. The latest string of reforms seek to lower the cost of financial services to customers, deepen financial inclusion and promote financial literacy. Through the development of financial inclusion and financial literacy programs, the people of Kenya will benefit to a meaningful degree. For more information on the reforms, the official announcement by the National Treasury of Kenya, and a deeper analysis of the reform, please click here.

Another story making news today is from Winthrop University, will begin a financial education program by virtue of a $40,000 grant from the Council of Graduate Schools. Winthrop, one of 15 institutions picked to receive the grants, will offer financial training in an introductory course called ACAD 101, beginning this fall. Jayne Comstock, Winthrop President, had this to say:  “We are pleased and honored to partner with the Council of Graduate Schools and TIAA-CREF to deliver special programs that give students at all levels the essential tools they need to manage their personal finance and thrive in today’s economy.”  The development of financial literacy courses in universities across the country is huge step for the development of financial education. For more information on the grant or this course, please click here.