All posts tagged: financial literacy

Economic Empowerment for a More Equitable and Just Tomorrow

Why JA? And Why Now?

By Junior Achievement USA

The Realities of Economic Inequity  

Economic inequity has been a reality in the U.S. throughout its history, and it continues to this day. For instance, research by the Pew Research Center shows that the U.S. has the highest income inequality among G7 nations. Despite a narrowing of income and wealth gaps in recent decades, there continue to be vast disparities, especially between white and Black households. In 1970, for example, there was a 78 percent gap in income between white and Black households. And even though that gap marginally improved over time, it was still 64 percent as of 2018. A 2020 study by the Brookings Institution shows that the median net worth of white families in America is ten times greater than that of Black families.

Hispanics and Latinos in the United States face similar challenges, according to research from the Economic Policy Institute. Hispanic men earn nearly 15 percent less than their white counterparts for similar work requiring comparable skills and education. For Hispanic women, it is 33 percent less. At the same time, while Hispanics and Latinos are making greater gains in postsecondary education, that success isn’t reflected in the commensurate reduction of the wage gap compared to working white Americans.

Other research shows that the overall wealth gap more than doubled between America’s richest and poorest families, regardless of race, between 1989 and 2016. To address economic inequity, substantial systemic changes need to occur that are well beyond the mission of an organization like Junior Achievement. They need to happen on the legislative, legal, policymaking, and institutional fronts. But the pressure to eliminate these barriers needs to happen from both ends of the spectrum; not only from those in positions of oversight, but also from those who aspire to break through color lines, cultural divides, and glass ceilings. 

Lasting institutional change is only possible if the people most likely to benefit are prepared with the information and skills necessary to navigate a changing landscape. Knowledge is power, and Junior Achievement’s proven approach will give today’s young people that power in the form of financial capability, career and work readiness, and entrepreneurship. These skills will not only improve their lives but will bolster their families, their communities, and our nation.

Economic Empowerment for a More Equitable and Just Tomorrow
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JA Books, Bucks and Backpacks In The News

JA Books, Bucks and Backpacks In The News

Junior Achievement of South Florida’s Books, Bucks and Backpacks’s initiative is determined to bring financial, reading and health literacy to every child. We’ve partnered with local community members and organizations to help put together backpacks filled with activities, educational materials, other giveaways and food to families in Broward County. To learn more about this initiative and to see a list of our sponsors visit here.

Books, Bucks and Backpacks has seen much success, we’ve even made it in other news outlets. Check them out below!

CityBizList

“Junior Achievement of South Florida (JASF) will be distributing backpacks filled with age appropriate financial education materials, books, healthcare information, snacks and other relevant items to bring youth financial literacy education into the homes of children and families who need it most…”

Visit CityBizList to read more.

NorthLauderdaleNews.net

“Junior Achievement of South Florida (JASF) will be distributing backpacks filled with age appropriate financial education materials, books, healthcare information, snacks, and other relevant back-to-school items for children ages 3-11…”

Visit NorthLauderdaleNews.net to read more

Miami Herald

“Junior Achievement of South Florida plans to host its Financial Literacy Program to help children and families across Broward. The group will distribute backpacks filled with age appropriate financial education materials, books, healthcare information, snacks and other relevant items ‘to bring youth financial literacy education into the homes of children and families who need it most’…”

Visit Miami Herald to read more.

Lifestyle Media

“Junior Achievement of South Florida in Coconut Creek hosted its Books, Bucks and Backpacks initiative in July and August, distributing nearly 2,000 backpacks filled with age-appropriate financial education materials, books, healthcare information, snacks and other relevant items for children ages 3-11…”

Visit Lifestyle to read more.

JA Books, Bucks and Backpacks In The News
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Comcast Newsmakers July 21, 2020

Financial Lessons In The Time Of COVID-19

With Laurie Sallarulo of Junior Achievement of South Florida

Hosted by Nathalia Ortiz
Produced by: Florida Newsmakers Team

As the world faces the challenges of the ongoing Coronavirus pandemic, one local nonprofit is remaining focused in its mission of empowering students to take control of their financial futures. Laurie Sallarulo, President and CEO of Junior Achievement of South Florida, talks about how they delivering their program during these challenging times.

Comcast Newsmakers July 21, 2020
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JA Alumni Report – May 2020

Introduction

A new survey of 1,002 Junior Achievement alumni conducted by Ipsos on behalf of Junior Achievement USA – an organization that aims to develop work-place readiness, entrepreneurship and financial literacy skills in students through volunteer-led talks, exercises, and programs – finds that the Junior Achievement (JA) program had a strong impact on JA alumni’s professional and personal development into adulthood and the working-world.

Junior Achievement Alumni Business Owners

Half of JA alumni have started or owned a business in at least one point in time in their lives (53%) according to survey results. One-third report they owned or started one business (35%) and 18% say they owned or started multiple businesses. About three-quarters of JA alumni business owners say their businesses are still operating today (72%). This is far higher than the nationwide average – according to the U.S. Census, just 6%
of Americans are self-employed. Those who are both JA alumni business owners and who report that they worked in the same field as their JA volunteer are more likely to say their business is still operation (82%) than the other JA entrepreneurs. Over half report having small to mid-size businesses that had 50 or fewer employees (63%), while 38% said they owned larger businesses with 51 employees or more.

• Men and women JA alumni are equally likely to say they have started or partnered in multiple
businesses. This makes women who are JA alumni slightly more likely than the national population
to own a business. In 2017, 39% of all U.S. firms were owned by women.

• Younger JA alumni are more likely to say they have started multiple businesses (23%) than those
ages 35-54 (15%) and those ages 55+ (13%).

• JA alumni from the South are more likely to say they have started one business (41%) compared to
one-third of those in the Northeast (30%), Midwest (31%) and West (31%).

Impact on Future Decisions

About 4 in 5 JA alumni report that the JA program played a somewhat important or very important role in their decision to pursue further education (79%), their professional development (79%), and their personal development (78%). Fifty-one percent (51%) of JA alumni have college degrees, much higher
than that nationwide average of 33%. Eighty-five percent (85%) of JA alumni say the JA program played an important role in fostering the belief that they could achieve their goals, and 83% say it also played an important role in boosting their confidence in new situations. Three-quarters say it played an important role in their career path (75%). Those who ended up in working in the same field as their JA volunteer are even more likely to say that the JA program played an important role in their career path (88%), their confidence (90%), the belief they could achieve their goals (92%), their professional development (88%), their personal development (87%) and their decision to pursue further education (88%).

• Women and men JA alumni are equally likely to say the JA program played an important role in their decision to pursue further education, personal development, helping them believe they could achieve their goals, and giving them confidence in new situations. While strong majorities of both men and women report that the program played an important role in their professional development (82% and 74% respectively) and their career path (78% and 69% respectively), men were more likely to say the program was important in shaping those aspects of their lives.

JA Alumni Report – May 2020
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Financial Literacy Program to Help Children and Families

For Immediate Release

For More Information Contact:

Christopher Miller, Marketing Manager
Junior Achievement of South Florida
(954) 979-7110
Christopher@JASouthFlorida.org

FINANCIAL LITERACY PROGRAM TO HELP
CHILDREN AND FAMILIES ACROSS BROWARD COUNTY

City of Coconut Creek, FL – On Saturday, July 11th Junior Achievement of South Florida (JASF) will be distributing backpacks from 10 am to 1 pm at JA World Huizenga Center at the Lillian S. Wells Pavilion, 1130 Coconut Creek Parkway in Coconut Creek. The backpacks will be filled with youth financial education materials, books, healthcare information, gift cards, snacks and other relevant items.

JASF has partnered with the Early Learning Coalition and other nonprofits who serve families in need to receive the backpacks. Farm Share, Inc. will be on site to provide fresh fruit to families registered to pick up backpacks

There has never been a more important time to stress the critical need for financial literacy than now. Since the day schools closed due to COVID-19, JASF provided free online resources to BCPS, teachers, students and parents so they had the tools to continue to educate our children on the importance of making informed financial decisions that can have a lasting impact.

Now that schools are closed for the summer, JASF stepped up once again and implemented an initiative to reach thousands of children with financial literacy education. Also, through a joint effort with community partners, the backpacks will include reading and health literacy information.

“In school, out of school and at home, learning never stops,” said Laurie Sallarulo, President & CEO of JASF, “That’s why JA has launched the Books, Bucks & Backpack initiative. The goal of this powerful movement is to financially educate children and families who need it most, so they may be empowered to have a more prosperous future. It is also to bring much needed awareness and importance around financial literacy as a cornerstone of education and a strategy for economic recovery.”

Books, Bucks and Backpacks partners currently include American Express, Hudson Family Foundation, Delta Air Lines, Community Care Plan, First Horizon Foundation, TD Bank, Kemet, Office Depot, Citrix, Rick Case Automotive, Health Foundation of South Florida, Ultimate Software, Truist Bank, Nova Southeastern University, PNC Bank, Bank of America, e-Builder, CrewFacilities.com, Dickinson-Wright, Broward College, Broward County, Broward County Public Schools, Early Learning Coalition of Broward County, JetBlue, GL Homes, Broward Health, Miami Book Fair, Chick-fil-A, Florida Panthers and numerous individual donors.

“There has never been a more important time to share financial literacy education. That is why American Express is supporting Junior Achievement’s Books, Bucks and Backpacks campaign. We want to help spread this knowledge to children and families,” said Franki Lupo Schmidt, Vice President and General Manager, American Express.

For more information on how others can support this campaign, visit www.JASouthFlorida.org/GivingToLiteracy, contact Robyn Harper at (954) 979-7124 or email Robyn@JASouthFlorida.org.

 About Junior Achievement of South Florida

Junior Achievement of South Florida (JA) inspires and prepares youth to succeed in a global economy. JA provides real-world training in financial literacy including budgeting, spending, investing and the use of credit; offers cutting-edge skill-building opportunities that enable young people to explore meaningful, productive careers; teaches students how to start businesses; and introduces entrepreneurial values that strengthen workplaces. Last year, with the help of over 7,100 trained corporate and community volunteers, JA delivered over 20 various programs to almost 50,000 students in classrooms throughout Broward and south Palm Beach counties and at JA World Huizenga Center at the Lillian S. Wells Pavilion, a first-class facility housing JA BizTown and JA Finance Park. For more information about Junior Achievement of South Florida, visit www.JASouthFlorida.org. Follow JA on social media @jasouthflorida.

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Financial Literacy Program to Help Children and Families
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Why JA? And Why Now?

Why JA? And Why Now?
A Response to the Uncertainty and Inequity Facing Gen Z

By Junior Achievement USA

Growing Up in a Time of Uncertainty

The economic fallout from the COVID-19 crisis has impacted everyone. But it has been particularly challenging for women, African-Americans and Hispanics, those lacking education beyond high school, and, most notably, the young. Generation Z, including the class of 2020, has been dubbed the” Pandemic Generation,” and the “Lockdown Generation.” This is due to the sudden and dramatic decline of economic opportunity for those graduating high school and college amidst a historic pandemic. There are already concerns that if something isn’t done to bolster its prospects soon, Generation Z is at risk of becoming a “lost generation,” illprepared to achieve its potential in a world that is already challenging to navigate for the young.

Confronting Inequity

At the same time, economic inequity has been a reality in the U.S. throughout its history, but it continues to this day. For instance, research by the Organization for Economic Cooperation and Development shows the U.S. has the highest income inequality among G7 nations. Despite a narrowing of income and wealth gaps in recent decades, there continue to be vast disparities, especially between white and black households. For example, in 1970, there was a 78 percent gap in income between white and black households. And even though that gap marginally improved over time, it was still 64 percent as of 2018. A 2020 study by the Brookings Institution also shows that the median net worth of white families in America is ten times greater than that of black families. Other research shows that the overall wealth gap more than doubled between America’s richest and poorest families between 1989 and 2016.

At this moment, this generation’s perceptions of our country and what it stands for are being shaped in ways that will define their entire lives. The question is, will those perceptions be of hope, opportunity, and unlimited possibilities? Or will they be something else entirely. To ensure the former, this means addressing the uncertainty and inequity in our country. Undoubtedly, there are substantial systemic changes that need to happen that are beyond the mission of an organization like Junior Achievement. These changes need to occur on the legislative, legal, and policymaking fronts, and they appear to be taking place. The hope is these changes will once and for all eliminate structural barriers to progress for everyone aspiring to reach their potential in this country.

Why JA? And Why Now?
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Office Depot Donates to Youth-Focused Non-Profit Organizations

Office Depot Donates to Youth-Focused Non-Profit Organizations

Article appeared on FloridaTrend.com.

Office Depot, Inc. (NASDAQ: ODP), a leading provider of business services, products and technology solutions through an integrated B2B distribution platform, today announced that it is providing $200,000 to select Boys & Girls Clubs across the country as well as other youth-focused non-profit organizations. These donations will help fund programs designed to keep underserved children and teens learning and engaged throughout the summer in an effort to beat summer learning loss, also known as the “summer slide.”

“Office Depot is proud to support non-profit organizations in communities across the country to help provide underserved students with access to educational tools and programs all summer long,” said Gerry Smith, chief executive officer for Office Depot, Inc. “Despite the new set of challenges brought on by these uncertain times, we remain committed to investing in our youth and providing resources that will help them to feel empowered, confident and ready to tackle the new school year.”

In South Florida, where Office Depot’s headquarters is located, the company will donate additional funds to each of the following non-profit organizations for programming geared towards financial literacy, college preparation and more, including Junior Achievement of South Florida.

Office Depot Donates to Youth-Focused Non-Profit Organizations
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Golf For A Cause Benefits JA Programs

FORT LAUDERDALE COUNTRY CLUB OPENS ITS DOORS TO “GOLF FOR A CAUSE” BENEFITTING JUNIOR ACHIEVEMENT OF SOUTH FLORIDA ON FRIDAY, MARCH 20

MEDIA CONTACT:
Fran Folic
GPR | Goodman Public Relations
(954) 446-0807/15
fran@goodmanpr.com

FORT LAUDERDALE, Fla. (January 30, 2020)Fort Lauderdale Country Club, the oldest private country club in Broward County, will host “Golf For A Cause” on Friday, March 20, from 8 a.m. to 4 p.m., to beneift Junior Achievement of South Florida, a nonprofit organization that inspires and prepares the next generation of fiscally responsible community and business leaders. This day of philanthropy celebrates the completion of the Club’s significant North Course renovation project.

As part of this charitable initiative, Fort Lauderdale County Club will be opening its doors to non-members to exclusively enjoy a day on the fairways while making a difference in the lives of local kids. The community is invited to gather with friends and reserve a time to play 18 holes of championship golf on either Fort Lauderdale Country Club’s newly renovated North Course or its lushly landscaped South Course.

Last year, Fort Lauderdale Country Club helped to raise nearly $800,000 for various charities in Broward County.

“We are proud to support Junior Achievement’s investment in our youth and the invaluable opportunities the organization provides regarding financial literacy and entrepreneurial training,” said Michael O’Brien, general manager of Fort Lauderdale Country Club. “We encourage members, guests and the community-at-large to experience golfing at its finest while giving back to the community.”

The North Course project, overseen by Kipp Schulties, principal architect of Kipp Schulties Golf Design (KSGD), underwent an extensive renovation including replacement of the greens and the provision of tees between 4,800 yards and 7,100 yards, making the course more enjoyable for both men and women of all abilities. The upgrades created an elevated level of excitement for members adding to the facility’s 18-Hole, Par 72 South Course which was built in 1926, remodeled twice and is often home to many corporate and non-profit events, annually.

In the Broward County area, which has numerous golf courses, Fort Lauderdale Country Club is a select private club that offers 36-holes of manicured championship golf in a forested park-like setting. Visually, the Club is truly a unique oasis as fairways are lined with stately native trees and colorful beds of flowers, as opposed to houses. Inside, the venue provides a variety of room and dining options, an experienced event staff and a unique “inside-outside” Plantation room.

“Junior Achievement of South Florida is honored to have the support of Fort Lauderdale Country Club and the golfing community to help fund our programming to over 50,000 K-12 students in Broward and south Palm Beach counties,” said Laurie Sallarulo, president and CEO of Junior Achievement of South Florida. “This opportunity will help us put key economic and workforce lessons into action while teaching our future leaders the value of contributing to the community.”

The golf fee to participate in “Golf For A Cause” is $125 per person with approximately $90 going directly to benefit Junior Achievement. The fee includes access to golf club amenities including a gold cart, practice facilities, dining areas and locker rooms. Golf club rentals are available for an additional fee. Tee time reservations are required and can be made by calling (954) 318-0190.

For more information about membership, please call (954) 318-0190, visit us online at www.fortlauderdalecc.com, on Facebook at facebook.com/FortLauderdaleCC, on Instagram at @fortlauderdalecountryclub or on YouTube.

About Junior Achievement of South Florida

Founded in 1959, Junior Achievement of South Florida aims to inspire and prepare youth to succeed in a global economy. It trains the next generation of business leaders, employees and consumers by educating students about financial literacy, entrepreneurship and work readiness. With the help of over 7,000 trained corporate and community volunteers and mentors, JA delivers over 20 unique programs to 50,000 students in classrooms throughout Broward and south Palm Beach counties and at JA World Huizenga Center at the Lillian S. Wells Pavilion on the Broward College North Campus, a first-class facility housing two JA BizTowns and JA Finance Park.For more information, call (954) 979-7100 or visit www.jasouthflorida.org.

About Fort Lauderdale County Club (FLCC)

Established in 1926, Fort Lauderdale Country Club (FLCC) is the oldest private country club in Broward County. FLCC offers 36 holes of championship golf on the newly renovated North Course and South Course plus a driving range and multiple practice areas situated on 288 acres of forested parkland featuring rolling fairways dotted with stately indigenous trees and accentuated with immaculately maintained foliage and flowers. FLCC includes a contemporary lakeside clubhouse with a center bar and sumptuous cuisine prepared by an award-winning chef. Golfers and guests can enjoy meals and snacks in the main dining room, Club Side, Men’s Grill or Plantation Room.The clubhouse also houses upscale amenities including a well-stocked Pro Shop, bag storage and a cart barn offering state-of-the-art GPS-equipped electric carts. FLCC is proud to be the home of esteemed PGA teaching professionals and boasts one of the largest women’s golf associations in Broward County. FLCC is conveniently located just five miles from the beaches at 415 Country Club Circle in Fort Lauderdale. For more information about membership, please call (954) 587-4700, visit us online at www.fortlauderdalecc.com, on Facebook at facebook.com/FortLauderdaleCC, on Instagram at @fortlauderdalecountryclub or on YouTube.

Golf For A Cause Benefits JA Programs
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Research Park at Florida Atlantic University® to Celebrate 2019 Awards

By Brittany Sylvestri
Research Park at Florida Atlantic University

The Research Park at Florida Atlantic University recently named the recipients of its fourth annual Research Park Annual Awards. The awards celebration will take place on Wednesday, Sept. 25 from 6:30 to 9:30 p.m. at The Addison, 2 East Camino Real, Boca Raton. Tickets cost $125 per person.

The Research Park awards recognize distinguished contributions to the Research Park’s mission to create and sustain the ideal environment for innovation and invention, maximizing the academic and entrepreneurial talent and regional resources in South Florida to accelerate economic development and prosperity.

“The Research Park at FAU Awards highlight the work of our stakeholders to make the South Florida region more innovative and competitive in the knowledge economy and this year’s recipients personify the mission of the Research Park at FAU, each one is innovating and bringing new forces to bear which enrich our region,” said Andrew Duffell, president of the Research Park at FAU.

The award recipients for 2019 are:

Distinguished Entrepreneur: Rodrigo Griesi is one of the driving forces behind DECORA, a Brazilian startup that was recently acquired by Creative Drive, a content creation engine. Griesi’s involvement at the Research Park at FAU and his participation in its economic gardening initiatives helped the company get noticed and acquired by Creative Drive in 2018. He has 20 years of experience building and running new businesses in the technology industry. Griesi started at DECORA in its early stages, as an angel investor, then became the country manager, bringing DECORA’s services to market.

Distinguished Researcher: Borko Furht, Ph.D. has several patents pending and interesting corporate interactions that will leverage patents. Furht is a faculty member in FAU’s College of Engineering and Computer Science and is the site leader for the NSF-funded Center for Advanced Knowledge Enablement, which has been joined by several Research Park at FAU companies. His current research is focused on software designed for the next stage of video compression technology.

Distinguished Organization: Junior Achievement of South Florida is training the next generation of business leaders and employees by educating students about financial literacy, entrepreneurship and work readiness. Its mission is to inspire and prepare youth to succeed in a global economy. Junior Achievement delivers more than 20 unique programs to 50,000 students in Broward and Palm Beach counties.

Distinguished Leader: Honorable Michael Udine is the District 3 commissioner in Broward County, a position he was elected to in 2016. He advocates for innovation and knowledge-based economic development, supporting regional organizations’ initiatives. When introduced to one of the Research Park at FAU’s entrepreneurs he immediately started business development for him. In addition, Udine is a director at Legacy Bank of Florida, a small community bank assisting small businesses in Broward and Palm Beach counties.

To purchase tickets to attend the event, click here. For more information about the Research Park at FAU, visit research-park.org.

Research Park at Florida Atlantic University® to Celebrate 2019 Awards
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Junior Achievement of South Florida Welcomes New Partners

On March 26, Junior Achievement of South Florida held a ribbon cutting ceremony to formally recognize generous gifts made by several donors. Along with 75 community leaders, elected officials and JA supporters, four new partners joined us to cut their ribbons and officially unveil the areas named on their behalf.

“This donation and ribbon cutting signifies so much more than a name change,” said Laurie Sallarulo, President and CEO of JA. “It’s supporters like the Lillian S. Wells Foundation that allow us to continue our mission in empowering the young people in our community with important career and life skills.”

Thanks to a very substantial gift from the Lillian S. Wells Foundation, JA World’s official building name is now JA World Huizenga Center at the Lillian S. Wells Pavilion. After celebrating the unveiling of the new outdoor sign, guests entered the main doors into the JM Family Enterprises Inc. Atrium, named with a generous gift to support capital improvements of the JA World facility. Only a few steps to the right of the Atrium guests then entered the Falcone Family JA BizTown through the new Moss Family Art Park, a beautiful area designed to expose students to the arts. Finally, guests followed the main street of JA BizTown to the new and exciting  Florida Panthers storefront, where JA students learn about career opportunities in the sports industry.

JA is incredibly grateful for each of these supporters as they help us educate 50,000 students each year. Their support will  help us to bring workforce skills, entrepreneurship and financial literacy programming to 50,000 students each year and help secure the future of the world-class center. Please enjoy the short video clip of this special morning!

Junior Achievement of South Florida Welcomes New Partners
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