WHAT WE DO Capital One Financial Corp., headquartered in McLean, Va., is a Fortune 500 company with more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. Its subsidiaries, Capital One, N.A. and Capital One Bank (USA), N. A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. We apply the same principles of innovation, collaboration and empowerment in our commitment to our communities across the country as we do in our business. We recognize that helping to build strong and healthy communities – good places to work, good places to do business and good places to raise families – benefits us all and we are proud to support this and other community initiatives.
WHAT WE OFFER Capital One & Junior Achievement: Finance Park: Capital One partners with Junior Achievement (JA) to bring their JA Finance Park program to children across the country through various platforms. JA Finance Park is an innovative financial education program that teaches the tenets of money management to middle and high school students.The program begins with four to five weeks of intensive in-classroom financial education lessons. Students then have the opportunity to put their newly acquired financial skills to the test in a mock city where they become “adults for a day.”
During the experience, students are given a set of “life circumstances” and are expected to develop and manage to appropriate budgets, while making real-life decisions about housing, transportation, savings, and other topics that mirror those they will make upon entering adulthood. All the while, students develop knowledge of imperative economic and personal finance concepts, becoming better prepared for their future roles as consumers, investors, and workers. Since 2010, students have demonstrated an average increase of 14% on financial management concepts after completing the mobile version of the program, and 90% of the students surveyed after experiencing the mobile version said they felt more confident in their ability to manage personal finances.
As a result of Capital One’s support, in 2014 nearly 62,000 students across the United States experienced the JA Finance Park Program.
WHAT’S NEW In March, Capital One announced it is focusing $150 million in community grants and initiatives over the next five years to help empower more Americans to succeed in the digitally driven economy – through a new initiative called Future EdgeSM. As part of this program, Capital One donated $1 million to JA to upgrade the technology and digital experience at Finance Park, ensuring that students can experience the program on the platforms where they are able to learn the best. Through the Future Edge initiative more broadly, Capital One is collaborating with other leading educational and community organizations across the country, helping Americans keep pace with technology and prosper in the new economy.