Financial Literacy
Improving the Financial Literacy of Californians
Contributed by CalCPA
There are several opportunities over the next month for you to get involved with Operation HOPE’s Banking on Our Future (BOOF) program.
A little about the Program…Banking on Our Future
The mission of HOPE’s Banking on Our Future (BOOF) program is to execute a global delivery system for financial literacy education and empowerment for youth. BOOF is a five-part financial literacy curriculum designed to help youth achieve a future free of financial burden. Offered to low-to moderate-income students ages 9 to 18 in under-served communities, BOOF is entirely taught by trained HOPE Corps volunteers (like YOU!).
The HOPE Corps consists of enthusiastic and compassionate local professionals, who volunteer not only to teach personal finance to our youth, but to provide essential real world skills and be professional role models. The HOPE Corps volunteers use our five-part financial literacy curriculum which begins with a conversation in dignity, and then continues into basics of banking and budgeting, checking and savings accounts, credit and investments.
If you are interested, please contact Crystil Turner for more information.
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Contributed by CalCPA
Operation HOPE’s Partnership with the City of Los Angeles’ Summer Youth Employment Program
Currently, Operation HOPE and the Banking on Our Future program are ramping up for a continued partnership with the Los Angeles Community Development Department’s Summer Youth Employment Program. This summer, July-September, Operation HOPE will have the opportunity to educate close to 8,000 young adults ages 15-24 in financial literacy.
In addition, Operation HOPE will be working with the Mayor’s Office of Gang Reduction and Youth Development and their Summer Night Lights program to educate an additional 240 young adults at their summer work sites, specifically in the area of personal finance.
Sessions will take place throughout the summer across the greater LA area. For more information, or to sign up as a volunteer contact Crystil Turner.
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Contributed by CalCPA
Congratulations to the 2010 Women to Watch Award Winners!
As a female pioneer in the accounting profession, Glenda Bayless of Apple Valley, Calif., accepted the CalCPA Trailblazer Award.
Recognized as experienced leaders were Carol Suruki of Los Angeles, Leslie Dawson of Walnut Creek and Nanette Lee Miller of San Francisco.
Candace Vaughn of Palo Alto, Cathy Hyodo of Yorba Linda and Karen Burns of Pleasanton were named emerging leaders.
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Contributed by CalCPA
San Francisco
ABC/KGO-7 Tax Call in
Volunteers: Jim Mchale, Kathy Yu Liu, Laura Ross
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Contributed by CalCPA
Friday afternoon, April 23, was a historic day for the NEFE High School Financial Planning Program, and for the financial literacy movement. Using the NEFE High school program, an instructor from Virginia gave a brilliant and inspired lesson to thirteen high school girls in the State Dining Room of the White House in Washington DC.
The White House, under the direction of First Lady Michelle Obama, has been conducting a mentorship program for a select group of high school students. Each student is mentored by a senior staff member at the White House and the First Lady is often involved with these meetings. Activities of the group included a visit to the Supreme Court to visit with Justices Ruth Bader Ginsberg and Sonia Sotomayor.
Part of the program goals are to teach life skills, and so a decision was made to include financial education for this select group. A sample of the NEFE materials were requested to preview for this opportunity, and then in the final hour, NEFE was asked to participate by providing a lesson on budgeting.
For nearly 90 minutes the young ladies were totally engaged with the presentation, thinking through the questions and then relating the lessons of budgeting to their own lives. Hopefully the success of this class can assist in promoting financial education in our high schools, and ultimately fostering a more financially literate nation.
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Contributed by CalCPA
The National Endowment for Financial Education® (NEFE®) is working with the U.S. Department of the Treasury and the U.S. Department of Education to promote the National Financial Capability Challenge, and we need your help.
The Challenge is an awards program designed to increase the financial knowledge and capability of high school students throughout the U.S. It encourages high school teachers and other educators to teach the basics of personal finance, and rewards students, educators, schools and states for their participation and their success. The goal this time around is for one million students to take the Challenge.
Here’s How it Works
First of all, this is a FREE program.
Teachers can use the free Educator Toolkit (available upon registration), their own materials, or a combination. From March 15 to April 9, 2010 (exact date to be chosen by teachers), students will take an online exam designed to demonstrate their financial capability. In April, educators and top-scoring students will receive award certificates, and schools and states with the highest participation rates will earn special recognition.
Who Can Participate?
All high school teachers and educators working with U.S. high-school aged students (ages 13-19) are encouraged to take the Challenge.
To Get Started, Register Here:
http://www.challenge.treas.gov/educator_SignUp.aspx
For More Information:
E-mail flc@do.treas.gov. Be sure to include “National Financial Capability Challenge” in the subject line of your message.
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Contributed by CalCPA
Thank you for making financial literacy a priority. Because of your efforts, we continue to reach more Californian’s ever year.
Continue to spread the word, by contacting your local community centers, schools, social groups, community college campus, libraries or state legislator.
As a reminder, please notify Crystil Turner to be supplied with materials to complement your presentation and so CalCPA to keep track of all the wonderful things our members are doing for their communities.
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Contributed by CalCPA
In recent months, CalCPA has collaborated with legislators across the
state to bring financial literacy to their constituents. CalCPA has
presented a variety of Dollars & Sense workshops, including general
money management, budgeting, foreclosure, and debt management. Events have been hosted by State Controller John Chiang, and Assemblymembers Manuel Perez, Bill Emmerson, Paul Cook, Brian Nestande and Nancy Skinner.
A special thank you to all of the volunteers who, despite the business of tax season, participated in these important events, and gave back to their communities.
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Contributed by CalCPA
We would like to give a big “thank you” to all the CPAs who attended CPA Day at the Capitol Jan. 20. Through wind, rain and hail, we had more than 130 members participate in a very successful day. One of the items discussed with legislators was financial literacy, and as a result several of the district offices have already been in contact with CalCPA to schedule a Dollars & Sense workshop for their constituents. Keep up the great work!
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Contributed by CalCPA
AICPA Chair Bob Harris recently testified before the House Small Business Committee during a hearing on the impact of financial regulatory restructuring on small businesses and community lenders. In his testimony, Harris mentioned the profession’s volunteer efforts, 360 Degree of Financial Literacy and Feed the Pig, as well as cited Lisa Baskfield’s financial education efforts for the military, all of which would be impacted by the creation a Consumer Financial Protection Agency.
You can view his testimony on YouTube.
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