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AR2 2011.Indd take a closer look IMPACT 2010-2011 Financial Literacy I Entrepreneurship I Work Readiness Table of INTRODUCTION Contents 2.................................................................Message from the Chairs Each day, Junior Achievement (JA) staff and business mentors in 15 Charter offices across 4..................................................................................The IMPACT of JA Canada are working hard toward one common goal: 6...................................................................................................Programs to inspire and prepare young people to succeed in a global In 2011, 8.................................................................................................Volunteers economy. 216,469 students 10...................................................................Next Generation Leaders Guided by our core values, we: across Canada TM 12..................................The Order of the Business Hall of Fame believe in the boundless potential of youth; participated in a commit to principles of market-based 14.....................................................National Awards & Scholarships economics and entrepreneurship; JA program demonstrate a passion for what we do 16...........................................................................National Contributors with honesty and integrity; free-of-charge. respect the talents, creativity, perspectives, 18......2010 – 2011 JA Canada Foundation Board of Directors and backgrounds of all individuals; adhere to the power of partnership and 19...............................2010 – 2011 JA Canada Board of Directors collaboration, and; display conviction for the educational and 20................................................................................Financial Overview motivational impact of relevant, hands-on learning. 21.................................................................................JA across Canada In so doing, we aspire to be recognized by businesses, educators and policymakers across the country as the premiere organization for preparing our youth to be successful, contributing members of our society. As a national office, the role of JA Canada is to provide leadership, guidance and support to our local Charters. It is because of our Charters, in conjunction with their respective Boards of Directors, dedicated business mentors, schools and sponsors, that JA has made such a positive impact not only over the past year, but throughout the course of our 55+ year history. 1 JA BY THE NUMBERS JA makes a positive annual impact on Canada’s economy. $45 For over 55 years, as the largest youth education organization in The BCG study found that JA programs produce more It’s time to Take a Closer Look at the more than 216,000 The annual return to Canadian society Canada, Junior Achievement (JA) has inspired and prepared more financially literate graduates that save more and borrow less than students who benefited from our programs last year, and at our for every $1 spent by JA Canada. than 2.7 million youth to succeed in an ever-changing global the average Canadian. Achievers believe JA to be the driving 13,000+ dedicated business mentors who delivered in excess of economy. And, while the organization itself has progressively force behind their financial literacy skills of budgeting, long 1.4 million hours of instructional time in over 400 communities evolved, the need for effective and meaningful business education term planning and investing. The result is more solvent citizens across the country. programs, particularly in a climate of continued economic who put a lower burden on the social safety net, provide for Take a closer look at the countless organizations and individuals $535 million instability, has remained the same. their own retirement and are a more active investor base. Amount contributed by the work of who have provided financial support, our teams of talented Junior Achievement and the entrepreneurial And so, after 55 years, it begs the question... JA graduates are better prepared for the workforce resulting in employees located in Charters across the country, at the efforts of our Achievers to the Canadian is Junior Achievement making an impact in Canada? accelerated career tracks, altered trajectories and more skilled JA Canada, JA Canada Foundation and Charter Boards of economy each year. employees. Achievers believe their participation in JA had a Directors whose selfless commitment is only surpassed by the JA professes to be the successful link between education and the significant effect on their ability to get a job and perform at work. immeasurable wealth of intellect, knowledge and acumen they business world by giving youth the confidence and knowledge bring to the organization. they need to define personal success, enhance their workforce JA produces graduates who are more likely to become 65 readiness and pursue their dreams – but do we deliver? JA entrepreneurs, create jobs and power our economy. These It’s time to take a closer look at the impact of Percentage of Achievers who believe claims to inspire youth to make better financial decisions, start future business leaders attribute JA as being the catalyst that Junior Achievement in Canada! JA programs had a significant impact on a company, develop a career plan and express their innovative gave them the ambition to open their own business, and the their staying in school and enrolling in spirit – but are youth really listening? transformational force that empowered them with the skills and post-secondary education. abilities to do so successfully. It is these new enterprises and the Results of the recently released Boston Consulting Group study new jobs they create that will drive the economic engine to “Making an Impact, Assessing Junior Achievement of Canada’s Louise Mitchell create increased prosperity and help close the productivity gap. Value Creation” would suggest the answer to both questions is Chair, Board of Directors 216,469 a resounding “Yes”! JA in Canada is making an IMPACT and it’s time to JA CanadaTM Number of Canadian students Take a Closer Look! We invite you to take a closer look at our who received JA programs in 2011, Analysis demonstrates that JA is over-delivering on all three of impact on the Canadian economy, at the role our programs free-of-charge. our pillars… play in Canada’s education system, the success our graduates Financial Literacy – deliver improved understanding attain and at the value we provide to participants, employers of financial concepts; and society. Jos Wintermans Chair, Board of Directors 75 Work Readiness – prepare students with the skills JA CanadaTM Foundation Percentage of Achievers who believe required in the business world; JA programs had a significant impact in the development of financial literacy Entrepreneurship – develop skills and foster the and decision making skills. ambition for entrepreneurial ventures. 2 3 JA IMPACT The IMPACT of Junior Achievement To measure the value of programs delivered by Junior Achievement (JA) across Canada, the Boston in Canada. Consulting Group (BCG) completed a year-long study to assess the impact of Junior Achievement’s mission. The study, independent of any review from JA, JA makes a positive impact on Canada’s economy. JA helps to fill a gap in Canada’s education system. JA is a life changing event. JA graduates achieve higher levels of success. began with the development of an organizational and market fact base, led to over 50 interviews with various stakeholders, and culminated in a large quantitative study. Results from the study determined that JA programs make a substantial positive impact on Canada’s economy. IMPACT Online By helping youth stay in school, encouraging entrepreneurship, By delivering engaging and effective business education Participation in JA Canada programs provides a transformational Achievers are better prepared for the workforce, resulting in and teaching financial literacy skills, JA Canada creates an programs to young Canadians, JA Canada helps to fill the event that alters ambitions and encourages Achievers to do their getting ahead faster and providing better results for their annual return to society of $45 for every $1 spent. need for financial literacy education in school. more with their lives. employers. The annual impact on Canada’s economy, directly attributed to JA Canada programs reach nearly a quarter-million Canadian Over 65% of Achievers indicate that participation in JA Achievers earn 50% more, on average, than those who do not the work of JA Canada, is $105 million. students in more than 400 communities each year, and are Canada programs had a significant impact on staying in school benefit from a JA Canada program. delivered free-of-charge. and enrolling in post-secondary education. Each year, $425 million can be attributed directly to the Achievers are 3x more likely to spend less than they earn and Created as a resource for stakeholders, the “Take a entrepreneurial activity of Achievers. Achievers credit JA Canada programs with being the driving 70% of Achievers indicate that participation in a JA Canada are far less likely to be unemployed or rely on social assistance. Closer Look” website was launched in the fall of 2011 force behind their financial literacy skills of budgeting, program had a significant impact on their desire to be an By providing youth with the skills necessary to become Achievers are 50% more likely to open their own business with the intent of communicating
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