May 05 2009
Citi, Operation HOPE Partnership Continues to Deliver Valuable Lessons on Financial Literacy
Renewed commitment kick-off teaches students nationwide the "language of money"
(LOS ANGELES - May 5, 2009) -Citi and Operation HOPE, the leading global financial literacy nonprofit, renew their longtime commitment to bring financial literacy to classrooms across the country and share an important message about personal finance and economic aspiration. David Simon, Executive Vice President, Citi Cards and HOPE National Board Member along with John Hope Bryant, Founder, Chairman and CEO, Operation HOPE with Citi HOPE Corps volunteers taught Banking on Our Future, HOPE's award-winning financial literacy curriculum, to students, teachers and guests at Dutch Kills Elementary School in Long Island City.
The New York event was part of a daylong nationwide effort where Citi HOPE Corps volunteers taught 1,300 third, fourth and fifth grade students in Atlanta, Baltimore, Boston, Chicago, Dallas, Detroit, Los Angeles, Philadelphia, and Washington, DC a critical lesson about taking charge of their financial futures.
"Operation HOPE applauds Citi and the Citi Foundation's five year commitment to HOPE," said John Bryant, who also serves on the President's Advisory Council on Financial Literacy as vice chairman. The continued support and assistance from Citi allows HOPE to broaden its 'silver rights' mission to bring economic self-sufficiency and a sustained spirit of revitalization to underserved communities.
Banking on Our Future is the winner of Oprah's Angel Network Use Your Life Award and the U.S. Treasury Department's John Sherman Award for Financial Literacy Excellence. Since 1996, over 8,000 HOPE Corp volunteers have educated more than 375,000 youth.
"We are pleased to continue Citi's commitment to financial education. Now more than ever young people need to understand how to save money and plan for their future. Our work with HOPE serves to inspire and educate thousands of young people and promote long term economic empowerment. When it comes to money, knowledge is your greatest asset, and, in today's complex world, financial literacy is a critical life skill," said Citi Executive Vice President and HOPE National Board member David Simon.
Citi and Citi Foundation have been working to provide individuals with knowledge about topics such as basic financial services, saving, credit, financial planning and budgeting, asset building, investing and homeownership. Through financial education, individuals develop skills to manage their personal finances responsibly, build assets, achieve their financial goals and make informed financial decisions. This work also includes working with HOPE, in teaching young people to establish responsible, life-long personal financial accountability.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
The Citi Foundation is committed to the economic empowerment of individuals and families, particularly those in need, in the communities where we work so that they can improve their standard of living.
Globally, the Citi Foundation targets its strategic giving on its priority focus areas: Microfinance and Microenterprise, Small and Growing Businesses, Education, and Financial Education and Asset Building. In the United States and Canada, the Citi Foundation also supports Community Development programs. The Citi Foundation works with its partners in Microfinance and Microenterprise, Small and Growing Businesses, and Community Development to support environmental programs and innovations. Additional information can be found at www.citifoundation.com.