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The Cee Report THE CEE REPORT WINTER 2019 “A solid economics and personal-finance education is critical if we want future generations that can be personally secure and can evaluate policy options that impact the entire country’s future. The sooner we start engaging students, the better off we will be, as individuals and as a society.” – Rebecca Patterson Chief Investment Officer, Bessemer Trust 2018 Visionary Awards Honoree 2018 VISIONARY AWARDS UPCOMING EVENTS VANTAGE POINT: 9TH ANNUAL WOMEN’S BREAKFAST April 2019 Harvard Club, New York, NY 9TH ANNUAL NATIONAL PERSONAL FINANCE CHALLENGE FINALS May 9-10, 2019 Lincoln, NE 19TH ANNUAL NATIONAL ECONOMICS CHALLENGE FINALS May 18-20, 2019 New York, NY 58TH ANNUAL FINANCIAL LITERACY AND ECONOMIC EDUCATION CONFERENCE October 4-5, 2019 Los Angeles, CA Peter Blair Henry, Honorable Lael Brainard, Nan J. Morrison, Rebecca Patterson, and Steve Liesman VISIONARY AWARDS Last October, CEE held its Annual Steve Liesman, CNBC Senior Economics BENEFIT DINNER Visionary Awards benefit dinner at The Reporter, hosted. During the dinner, we October 23, 2019 Plaza Hotel, New York, NY Plaza Hotel in New York honoring: The showed the best tweets out of close to Honorable Lael Brainard, Member, Board 4,000 entries from our student contest, If you are interested in attending or of Governors of the Federal Reserve “What Economic Advice Would You Give would like more information on events, System; Peter Blair Henry, W.R. Berkley to POTUS?” (See some of the tweets from please contact Tarnisha Smart at 212.730.6704 or Professor of Economics and Finance, the students on page 4) Dean Emeritus Leonard N. Stern School [email protected]. The evening was a great success raising of Business, New York University; and over $600,000. These funds provide Rebecca Patterson, Chief Investment students with the knowledge and skills CONTACT US Officer, Bessemer Trust. that will help them to make better Council for Economic Education Three students gave inspiring decisions for themselves, their families 122 East 42nd Street, Suite 2600 introductions for their teachers as they and their communities. This knowledge New York, NY 10168 presented The Alfred P. Sloan Foundation shows them a pathway to economic Teaching Champion Awards. Receiving stability and upward mobility and perhaps www.councilforeconed.org the awards were David Edelman, Union even to making wise decisions at the Teaching Opportunity ® www.facebook.com/ Square Academy for Health Science voting booth, a benefit important to us all. councilforeconed High School in NYC; Ellen Schweitzer, Stuyvesant High School in NYC; and @council4econed Timothy Monahan, Ridgewood High www.youtube.com/ EconomicEducation School in New Jersey. CEE Report_Winter2019_5fxgrx.indd 1 1/31/19 3:10 PM EVENTS FULFILLING THE MISSION CEO CORNER 57TH ANNUAL FINANCIAL LITERACY AND In 2018, CEE made significant strides in carrying out our strategic goals and fulfilling our larger mission. Note from Nan ECONOMIC EDUCATION CONFERENCE Here are some highlights: As CEO, I owe it to you, our supporters, Last October, over 500 educators and industry thought-leaders from to ensure that our mission and how we across the country attended CEE’s 57th Annual Financial Literacy implement it remains relevant. Recent and Economic Education Conference. Attendees participated in a events say a big yes to both. variety of sessions ranging from financial education for girls to using The government shutdown (35 days) has podcasts for personal finance instruction. been another reason to reflect on the stories and challenges of people living paycheck to paycheck. These stories Guest Speakers are the reality highlighted in the Federal Reserve’s Report on the Economic Well- KEYNOTE TEACHERS LUNCHEON Being of U.S. Households in 2017 which stated that “40% of adults said that if faced with a $400 unexpected expense, they would either not be able to pay it or would do so by selling something or borrowing money.” They also remind us that our mission, even at 70 years, is relevant and enduring: that we need to start to educate our kids early, while they are still in school, so that they can meet Mark Zandi Raphael Bostic their goals and be prepared for what life Chief Economist President and CEO might bring. Moody’s Analytics Federal Reserve Bank of Atlanta I am pleased to say that with our merger this year with Invest in Girls (IIG) and Special thanks to our sponsors: Lead Sponsor Wells Fargo; Platinum our continued emphasis on engaging Sponsor Moody’s Foundation; Gold Sponsors Bank of America and more girls in the National Economics Fidelity Investments; Teacher Champion Sponsor Ally; Teacher Challenge (increasing to about 30% over Leader Sponsor Discover; and Teachers’ Breakfast Sponsor Assurant. the last 2 years), we are also doing our part to stoke the pipeline of capable young women prepared to make better “I just wanted to thank the Council for Economic Education for decisions for themselves, their families, their communities, and to see themselves the wonderful experience. I learned so much at the Conference in careers in finance and economics. A and enjoyed meeting teachers from across the country. I am recent in article in The New York Times looking forward to implementing some of the things I learned and reminds us of the dearth of women in the economics profession. This article also continuing to learn even more.” serves as a reminder that whatever our – Danielle DiCuio professions, leaders are responsible for Kindergarten Teacher creating appropriate cultural norms in Bronxville, NY their organizations. Thanks again to you, our generous supporters, for helping us to invest in and expand our programs and to reach all of LEAVE A LEGACY OF our kids. LEARNING Support CEE to continue making economics and personal Nan J. Morrison finance a priority in our schools. Nan J. Morrison By making a planned gift today, you will make a difference in President & CEO the lives of future generations. Learn more: http://councilforeconed.org/planned-giving PAGE 2 THE CEE REPORT | WINTER 2019 THE CEE REPORT | WINTER 2019 CEE Report_Winter2019_5fxgrx.indd 2 1/31/19 3:10 PM FULFILLING THE MISSION 57TH ANNUAL FINANCIAL LITERACY AND In 2018, CEE made significant strides in carrying out our strategic goals and fulfilling our larger mission. ECONOMIC EDUCATION CONFERENCE Here are some highlights: Last October, over 500 educators and industry thought-leaders from MEET THE TEACHERS WHERE THEY ARE CREATED VISIBILITY FOR OUR CAUSE across the country attended CEE’s 57th Annual Financial Literacy n and Economic Education Conference. Attendees participated in a WITH WHAT THEY NEED Received close to 4,000 submissions from students n Upgraded CEE’s educator website EconEdLink (EEL) all over the United States for CEE’s national student variety of sessions ranging from financial education for girls to using contest asking: “What economic advice would you podcasts for personal finance instruction. to best serve the resource needs of 21st century teachers – sessions per user increased by 10% and give to POTUS?” The students addressed topics the average session duration increased by 12% since such as healthcare, immigration, food, education and relaunch infrastructure n Added 100 new or revised teacher resources to n Garnered over 400 press mentions from the launch of EconEdLink, including math, personal finance, history CEE’s 2018 Survey of the States and economics lessons, interactive simulations, and n Generated 250 national media mentions during professional development webinars and videos Financial Literacy Month n Held a highly successful 57th Annual Financial Literacy and Economic Education Conference with THOUGHT LEADERSHIP nearly 500 attendees, featuring speakers Raphael n CEO and President Nan J. Morrison spoke at South Bostic, President & CEO, Federal Reserve Bank of by Southwest® SXSW EDU® on the panel Higher Atlanta; and Mark Zandi, Chief Economist, Moody’s Education as the Key to Local Economic Growth Analytics n n Hosted esteemed economists as speakers in our Recognized three outstanding teachers from across Vantage Point Series, including Leonard E. Burman, the country with the “John Morton Excellence in the Co-Founder, Tax Policy Center, Urban Institute and Teaching of Economics” awards Brookings Institution and Volcker Chair in Behavioral Economics, Maxwell School of Syracuse University; SCALED AND ENHANCED KEY INITIATIVES Christine Lagarde, Managing Director, International Special thanks to our sponsors: Lead Sponsor Wells Fargo; Platinum n Grew our new Family Financial Literacy Nights Monetary Fund; and Loretta J. Mester, President & Sponsor Moody’s Foundation; Gold Sponsors Bank of America and program to five states, reaching 355 children and their CEO, Federal Reserve Bank of Cleveland Fidelity Investments; Teacher Champion Sponsor Ally; Teacher families n CEE’s work was featured in The Caring Economy: How Leader Sponsor Discover; and Teachers’ Breakfast Sponsor Assurant. n Drove the National Economics Challenge (NEC) to a to Win With Corporate Social Responsibility by Toby record year, with over 11,000 participants from the Usnik U.S. and 1,000 from China; 64 students from China n Launched the 2018 Survey of the States in Washington, participated in the NEC International Round in NYC. D.C. featuring keynote speaker Rob Nichols, President The event was featured live on CNBC’s Power Lunch and CEO, American Bankers Association and with and on CNBC’s Nightly Business Report with Steve panelists Jeremy Anderson, President, Education
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