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Working In Support of Education Receives Grant for Financial Education Program from Hudson River Bank & Trust Co. Foundation

July 01, 2007

(New York NY)

The Hudson River Bank & Trust Co. Foundation has awarded Working In Support of Education (W!SE) with a grant of $9,780 to support the expansion of their Financial Literacy Certification Program. W!SE, a New York City based educational organization promoting financial education and literacy, will use this grant to implement the Program at Taconic Hills High School. The High School will teach personal finance to 150 seniors during a semester-long course.

Hudson River Bank & Trust Company Foundation Director Carl Florio said “The Foundation is constantly on the look-out for programs designed to enhance the lives of the youth in our community.  The guidance offered in the W!SE program will go a long way toward providing a basis to our children to intelligent financial choices in the future.  We are very rewarded to be involved.”

The Financial Literacy Certification (FLC) Program was created in 2003 by the New York Financial Literacy Initiative, a subgroup of W!SE.  The Program’s goal is to train teachers to effectively teach personal finance, to measure the financial literacy of students in high school and to create a demonstrably high level of financial literacy amongst these students upon graduation. Since its inception in 2003, the FLC Program has been administered in over 100 high schools across New York State.

Current statistics provide overwhelming evidence that high school seniors need to enter the workplace and college with a basic level of personal finance knowledge to better manage their finances and avoid serious credit card debt. “Young people need to be able to make wise choices among a wide range of financial products, services and providers in our increasingly complex world of finance” W!SE President and CEO Phyllis Frankfort said. “High schools throughout the country are, therefore, making a significant effort to address the lack of knowledge about personal finance among our young people” she added. “We are dedicated to advancing this cause of financial literacy and amongst the graduates of New York State schools specifically. We are delighted the Hudson River Bank & Trust Co. Foundation has agreed to make this grant.” 

The Hudson River Bank & Trust Company Foundation joins an elite group of companies and financial institutions who have supported W!SE’s FPC Program since it was launched. Other sponsors include: The McGraw Hill Companies, the Federal Reserve Bank of New York, the Financial Planning Association of New York, the New York Credit Union Foundation, the State Department of Education and the New York State Banking Department.

The Hudson River Bank & Trust Company Foundation was established in 1998 to provide financial support to nonprofit organizations.  The Foundation continues its charitable giving with an emphasis on education, youth development, arts and culture, historic preservation, health care, human services and community development.  For additional information regarding the grant application process, please contact Holly Rappleyea at (518) 671-6226 or visit our website at www.hrbtfoundation.com.

Contacts:
Hudson River Bank & Trust Company Foundation: Holly Rappleyea, Secretary
       518-671-6226
       hrappleyea@hrbtfoundation.com
Working In Support Of Education (W!SE):  Phyllis Frankfort, President and CEO
       212-421-2700
       www.wise-ny.org


 
Hudson River Bank & Trust Foundation Website | hrappleyea@hrbtfoundation.com

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