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Investor Education Fund announces financial literacy funding to community groups

Date: 2012-02-23

 

Investor Education Fund announces financial literacy funding to community groups

 
-- Junior Achievement of Central Ontario and Jewish Vocational Service clients to benefit from partnership funding --
 
Toronto, ON, February 24, 2012 – Investor Education Fund (IEF) is pleased to announce Junior Achievement of Central Ontario (JACO) and Jewish Vocational Services (JVS Toronto) as the recipients of this year’s partnership funding. These community groups will receive funding to help expand financial advocacy services for youths, new immigrants, and low-income individuals in Ontario. 
 
Junior Achievement of Central Ontario (JACO) Partnership
The Investor Education Fund’s commitment of providing funding for the coming year will be used to reach the hundreds of schools the organization is unable to reach with critical curriculum on financial literacy. Over the funding year, JACO will deliver 125 programs to reach over 3,700 grade 5-12 students across its catchment areas which include: Toronto, York, Peel, Durham, Halton and Simcoe regions.
 
JACO’s programs focus students on the financial realities of living in the adult world, the economics of staying in school, the options available for vibrant careers from technology to trades, and the concept of entrepreneurship as a viable employment opportunity. Students learn to set ambitions for the future, overcome obstacles, make choices and build a plan to achieve their goals.
 
About Junior Achievement of Central Ontario
Since 1968, Junior Achievement of Central Ontario has provided quality financial literacy, work-readiness and entrepreneurial education programs to over one million youth. Throughout its rich history, JACO has worked with 18 school boards, 11 private schools and with several hundred corporate and community organizations to deliver programs to youth in Central Ontario. In its last fiscal year, JACO facilitated program deliveries to over 63,000 students with the dedication of 4,300 corporate and community volunteers.
 
Jewish Vocational Service (JVS) Partnership
The Investor Education Fund’s commitment of providing funding for the coming year will help continue and expand JVS’ Financial Literacy: Lessons for Life program, a financial literacy workshop and one-to-one counseling service it delivers to the diverse client groups it serves on a daily basis.  Over 2,500 of JVS’ clients (through its eight locations including five Employment Ontario Employment Service Centres as well as other community agencies located in the priority neighbourhoods of Toronto and York region) will participate in these programs during this funding period.
 
The Financial Literacy: Lessons for Life program consists of a comprehensive curriculum content covering a variety of relevant topics such as: daily spending and budgeting, credit and credit cards, choice of insurance, banking, investment products, saving for major life events like retirement, education or purchasing a home. It has been adapted for use by a diverse group of clients including newcomers, women, youth at-risk, people with disabilities and low-income individuals across the GTA.
 
This is the third round of funding IEF is providing to the program. In 2008 and 2009, IEF’s funding made the development and launch of this program possible, and over 2,500 of JVS’ clients have benefited from the program to date. 
 
About Jewish Vocational Service (JVS)
JVS Toronto is a non-profit organization that helps people from all backgrounds with diverse needs to identify their strengths and goals, develop skills, and achieve success in school, work, and life. We offer an expansive range of employment, educational, and social support programs and services for newcomers, youth, children, people with disabilities, women, the unemployed and the underemployed. Since its inception, JVS Toronto has helped over 500,000 people fulfill their potential. In its last fiscal year, JVS assisted more than 20,000 people through its responsive career, employment, training and psychological services.
 
About Investor Education Fund:
Investor Education Fund (IEF) offers unbiased financial information to the general public via www.GetSmarterAboutMoney.ca and to students through its Taking Stock in Your Future, the Globe & Mail, the Toronto Star and Funny Money for High Schools classroom programs. The not-for-profit organization was established by the Ontario Securities Commission (OSC), and is funded through OSC enforcement settlements. IEF was awarded Gold for Leadership and Innovation in the 2010 Public Sector Leadership Awards. IEF is the key architect of Ontario’s initiative to bring financial education to the province’s junior and senior high schools. It also consistently takes the pulse of Canadians to determine habits and needs related to personal finance, money management and investing.

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FOR FURTHER INFORMATION, PLEASE CONTACT:
Perry Quinton
Vice President, Marketing
416-593-2348
pquinton@getsmarteraboutmoney.ca