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The Cee Report THE CEE REPORT WINTER 2017 “Educating the youth of our nation is vital to prepare them for the roles they will step into in the future—as leaders, teachers, parents, and citizens. An understanding of finance and economic principles provides a foundation on which they can grow through high school, college, and beyond.” –Frank Bisignano You’re never too young Chairman and CEO, First Data to learn about money 2016 Visionary Awards Honoree UPCOMING EVENTS 2016 VISIONARY AWARDS: 17TH ANNUAL ANOTHER RECORD-BREAKING YEAR! NATIONAL ECONOMICS Last October, CEE held its 11th annual We would like to thank all of our Sponsors CHALLENGE FINALS Visionary Awards dinner honoring: Frank and Benefactors who supported this event. Hosted by Bisignano, Chairman and CEO at First The evening was a great success with 330 CNBC’s Steve Liesman Data; Richard Edelman, President and CEO guests in attendance. During the evening, May 20–22, 2017 at Edelman; Glenn Hubbard, Dean and attendees enjoyed a thought-provoking and New York, NY Russell L. Carson Professor of Finance and entertaining fireside chat with the honorees Economics at Columbia Business School; moderated by Steve Liesman, CNBC Senior 56TH ANNUAL and Arianna Huffington, Founder of The Economics Reporter. FINANCIAL LITERACY Huffington Post and Founder and CEO of We are excited to announce that we AND ECONOMIC Thrive Global. met our $25,000 Challenge Grant that was EDUCATION The Alfred P. Sloan Foundation Teaching generously given by Meg and Doug Pearson; Champion Awards were presented to: and our Board Members Nancy Ertag-Brand CONFERENCE Theresa Fischer, 12th Grade Teacher of and Samantha Kappagoda. We raised over October 5–7, 2017 AP Macroeconomics, AP Microeconomics, $800,000—another record breaking year! The New York Marriott at the Brooklyn Economics, and Government & Politics Bridge, Brooklyn, NY at Ridgefield High School, Ridgefield, CT; Please join us for the 2017 Visionary Jonathan Joseph, 12th Grade Teacher of 12TH ANNUAL Awards dinner on Wednesday, October 25th Economics, Honors Economics, Economics at The Plaza Hotel in New York City. To VISIONARY AWARDS and Sports at White Plains High School, purchase a ticket, table sponsorship, or ad in October 25, 2017 White Plains, NY; and Gloria Schneider, our dinner program, please contact Tarnisha The Plaza Hotel, New York, NY 11/12th Grade Teacher of Economics, AP Smart, Senior Director of Development at 212- Economics at SAR High School, Bronx, NY. 730-6704 or [email protected]. If you are interested in attending or would like more information on events, please contact Tarnisha Smart at 212.730.6704 or [email protected]. CONTACT US Council for Economic Education 122 East 42nd Street, Suite 2600 New York, NY 10168 www.councilforeconed.org Teaching Opportunity ® www.facebook.com/ councilforeconed @council4econed www.youtube.com/ EconomicEducation CEE CEO Nan J. Morrison, Richard Edelman, Steve Liesman, Arianna Huffington, Glenn Hubbard, and Frank Bisignano CEE Report Winter2017_10fx.indd 1 1/26/17 10:31 AM IN THE STATES CEO CORNER FOCUS ON OHIO Note from Nan In the summer of 2016, CEE hosted Your generosity and support has a Presidential helped us continue to bring economic Convention event at and personal finance education into the RNC in Cleveland and celebrated the schools nationwide, providing children passage of recent with the tools they need to make better legislation extending decisions for themselves, their fami- the Smart State lies, their communities, and our coun- financial literacy try. program to Ohio. It was a great opportunity The Council was the first non-prof- to highlight a model it educational organization dedicated that has proven to be to bringing economic and personal successful in a number of states already (e.g., finance education to grades K-12. We A student gets help writing a check for her purchases at continue to be the first in every aspect Tennessee, Texas) and use the energy of the the StEP Store of this endeavor: innovating, advocat- recent launch of the ing, developing resources, educating program in Ohio to number of students (over 5,300) and providing thought leadership. Our encourage adoption in other states. with their signature direct-to-student 2016 accomplishments, highlighted in The Economics Center at the program, StEP. This program focuses on students in grades 3-5 this issue (page 3), detail how we’ve University of Cincinnati enjoyed a pivotal year in 2016 on several and incorporates an incentive-based, done so. fronts. The Ohio state legislature and experiential curriculum. Students As we move into the new year, we will the governor approved $318,000 of earn StEP Bucks for attendance, continue to work to level the playing funding for the launch of Smart Ohio, good behavior and performance, field with the expansion of core pro- a statewide financial literacy initiative developing their human capital. Once a quarter, a store is set up grams for low and moderate income focused on the elementary grades. The parameters of the project call for in the school where students are students and their families, introduce training 500 teachers this academic given the opportunity to spend their engaging new resources, and leverage year. earnings, save (for big ticket items), technology to meet teachers where A new digital platform, $martPath, and/or donate to a charity of the they are with what they need across the a free, in-class resource for teachers classroom’s choosing. The program incorporates business volunteers curriculum (Please see 2017 Looking in grades 1-6, won two national curriculum awards and forms the from the community to staff the Ahead on page 5). curricular basis for Smart Ohio. Four school stores allowing students We thank our generous supporters other states are currently using the to develop their soft skills, as well from 2016, and look forward to wel- platform as well; the standards are as their decision-making skills. coming new champions for financial customizable. The platform utilizes Students are given a “bonus” if they shake the volunteer’s hand, make and economic education for our chil- animated videos, in-class activities, and interactives as each grade tells eye contact, and engage in small dren in 2017. a story. talk. Metrics indicate increases in on-time attendance rates and StEP (Student Enterprise Program) academic performance, decreases in Ohio Council on Economic behavioral infractions, and increases Education also reached a record in savings rates from year to year. LEAVE A LEGACY OF LEARNING Support CEE to continue making economics and personal finance a priority in our schools. By making a planned gift today, you will make Nan J. Morrison a difference in the lives of future generations. Nan J. Morrison President & CEO Learn more: http://councilforeconed.org/planned-giving PAGE 2 THE CEE REPORT | WINTER 2017 CEE Report Winter2017_10fx.indd 2 1/26/17 10:31 AM FULFILLING THE MISSION 2016 Accomplishments In 2016, CEE made significant strides in carrying out our strategic goals and fulfilling our larger mission. We’ve included below a few of our key 2016 accomplishments in each of our core focus areas: MEET THE TEACHERS WHERE THEY ARE n Engaged prominent economists as judges for the final WITH WHAT THEY NEED quiz bowl, including Charles Calomiris (Columbia Business School), Bruce Kasman (JP Morgan), Michelle Meyer n Over 1 million unique visitors used EconEdLink – our online (Bank of America Merrill Lynch), and Mark Zandi (Moody’s educator gateway with hundreds of free lesson plans and Analytics) interactive classroom resources n Launched a variety of new topic modules on EconEdLink: MOVE THE BALL FORWARD IN THE DRIVE Election Economics, Investing in a College Education, TO SUPPORT MORE PERSONAL FINANCE Behavioral Economics, AP Macroeconomics, and AND ECONOMICS REQUIREMENTS AND Understanding Fiscal Responsibility TEACHING IN STATES n Our investment in EconEdLink paid dividends with registrations up almost 50% and pages per visit up over 40% n CEE’s biennial 2016 Survey of the States report documenting the state of economic and financial education in all 50 n Expanded our reach to math teachers – page views for our states and the District of Columbia generated over 1,000 Math in the Real World resources tripled over prior year press mentions, including coverage from CNBC, Education n Provided in-person professional development to thousands Week, the Wall Street Journal, and Knowledge@Wharton of teachers nationwide – 63% were from Title I schools n Convened policy luncheons highlighting the need for n More than 450 educators from 33 states attended our financial literacy education at each of the presidential 55th Annual Financial Literacy and Economic Education conventions Conference in Phoenix, Arizona THOUGHT LEADERSHIP AND VISIBILITY ACHIEVE SCALE AND SUSTAINABILITY FOR OUR NATIONAL CENTER FOR n CEO Nan J. Morrison was a featured speaker at the Alabama ECONOMIC AND FINANCIAL EDUCATION Economics Club, the National Summit on Solutions for Student Debt, New York University’s E-School for Girls event, n Reached nearly 3,000 teachers through our New York-based and the Guardian Community College Conference National Center for Economic and Financial Education – n CEO quoted in the New York Times, the Philadelphia Inquirer, 73% of teachers were from Title I schools and NBC News Online n Continued to receive high marks from educators on the n CEO selected as a judge for the American Bankers quality of our programs, with 96% saying they would Association’s
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