Monday, March 27, 2006
Nancy Condon (202) 728-8379
Sarah Bohn (202) 728-8988
Washington, D.C. — The NASD Investor Education Foundation has awarded a grant of $210,000 to the Education Development Center's Adult Literacy Media Alliance (ALMA), to produce investor education video programming that focuses on teaching key math concepts and making investment language more meaningful to public television viewers, particularly women with low literacy skills.
The project, called Calculating Women: Smart Investors-A TV Special and a Multimedia Investor Literacy Project, will produce three educational video segments and other teaching materials aimed at American women with a 5th to 8th grade reading level. Those materials will help them learn key concepts that can improve their ability to manage money, understand the math behind investing and avoid financial scams.
The content of this program will be broadcast as part of the organization's television series TV411, which airs primarily on national public television and non-commercial cable stations. Through ALMA's network of adult education providers and state departments of education, the program will make available student and teaching materials, including Web lessons and a DVD for teachers in community-based classrooms around the country.
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 $4.5 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.