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FOR IMMEDIATE RELEASE
Financial Literacy Month Gala Honors FDIC Chairman,
Department of Education Secretary and Others
WASHINGTON, April 23, 2010…The Jump$tart Coalition’s annual awards dinner featured a keynote address from U.S. Senator Kay Hagan (D-NC), Federal Leadership Awards presented to both Sheila C. Bair, Chairman of the Federal Deposit Insurance Corporation (FDIC) and Arne Duncan, U.S. Secretary of Education; and more, as the personal finance education coalition celebrated financial literacy month in Washington, DC.
“I don’t have to tell you that we find ourselves facing the worst financial crisis since the Great Depression,” Senator Hagan noted in her speech. “The subprime mortgage market collapse was caused, in part, by irresponsible financial decision-making. The key is financial literacy education before students enter the workplace or college.”
Sheila Bair, FDIC chairman and Arne Duncan, Secretary of Education, were recognized for their leadership, contributions, and long-term commitment to the financial literacy effort. The Federal Leadership Awards were presented at the Jump$tart Coalition’s annual awards dinner on April 14, 2010, in Washington DC.
At the dinner, Jump$tart also presented its State Coalition of the Year Award to the California Jump$tart Coalition, one of its oldest and largest state affiliates. William E. Wilcox, President of the CBM Credit Education Foundation in Wisconsin, received Jump$tart’s prestigious William E. Odom Visionary Leadership Award, named for the former chairman of Ford Motor Credit Company whose vision led to the creation of the Jump$tart Coalition.
Ric Edelman, TV and radio show host, once again served as emcee, and representatives from Bank of America, HSBC-North America, and Visa—three of the events largest sponsors—helped to present the awards.
In addition, the National Foundation for Credit Counseling (NFCC), a Jump$tart Coalition partner and board member, presented the winner of its national poster contest that night. Adrian Kimmok, an 11th grader from Torrance, CA, won and proved to be one of the highlights of the evening.
“Reflecting upon myself today,” he said, “I guess my mother knew what she was saying when she constantly recited to me the cliché proverb, ‘If you work hard, you can make all your dreams come true.’ After all, two months ago, I was sitting in my room with a box of color pencils. Now, I am standing here in a memorable experience—much closer to my dream of a brighter future.”
About Jump$tart: The Jump$tart Coalition is a Washington, DC-based not-for-profit organization that seeks to improve the personal financial literacy of students in kindergarten through college. It is a coalition of about 160 national organizations and a network of 49 affiliated state coalitions, which work individually and collectively to conduct and support financial education. Jump$tart is the original promoter of April as Financial Literacy Month. For more information about the Jump$tart Coalition, go to www.jumpstart.org or follow us on Twitter at NatlJumpstart.
Jump$tart Coalition for Personal Financial Literacy