Thursday, December 22, 2005
Nancy Condon (202) 728-8379
Sarah Bohn (202) 728-8988
NASD Foundation Approves Grant for National 4-H Investment Club Program
Washington, D.C. — The NASD Investor Education Foundation has awarded a grant of $189,373 to the University of Kentucky to develop an education program that will not only teach teen-aged 4-H'ers about investing, but also give them practical, hands-on experience through a national network of investment clubs.
The project, called Future 4-H Millionaires Club, will establish a network of 4-H investment clubs with a curriculum and companion Web site geared toward members aged 16-18. Once the pilot project is tested in 4-H Clubs in Kentucky, Michigan, Tennessee and Virginia, it will be implemented nationwide.
"Taking part in these investment clubs will give teens valuable hands-on experience, which will help change their attitudes about investing and retirement planning early in life," said Robert R. Glauber, Chairman & CEO of NASD, who also serves as Chairman of the NASD Investor Education Foundation.
The investment clubs will teach members to maximize their savings through investing using experimental learning techniques. The University of Kentucky will develop and implement this program in conjunction with Virginia Tech, Michigan State University and the University of Tennessee.
"The University of Kentucky believes strongly in its land-grant mission and we continue to look to our Extension program, including 4-H, for ways to strengthen our commonwealth and benefit the lives of its citizens, " said UK President Lee T. Todd Jr. "UK is delighted to partner with the NASD Investor Education Foundation and 4-H Clubs to play a leadership role in providing our young people with practical, hands-on educational experiences."
The NASD Investor Education Foundation, established in 2003, supports innovative research and educational projects that give investors the tools they need to better understand the markets and the basic principles of financial planning. The Foundation has awarded more than $2.4 million in total to organizations for educational programs and research projects targeting the underserved segments of the population. For details about grant programs and other new initiatives of the Foundation, visit www.nasdfoundation.org.
NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation. NASD believes that understanding should precede investing - and that education is often the best form of investor protection. NASD's broad range of investor education programs include Investor Alerts, brochures and online resource guides on such critical topics as mutual fund class shares and 401(k) and college savings plans. This information is distributed through its Web site, www.nasd.com, printed materials and Investor Forums.