Thursday, December 22, 2005
Nancy Condon (202) 728-8379
Sarah Bohn (202) 728-8988
NASD Foundation Okays Investor Education Grant To Benefit Tribal Youth
Washington, D.C. — The NASD Investor Education Foundation has awarded a grant of $72,846 to the Consumer Credit Counseling Service (CCCS) of Montana to create a national education project aimed primarily to Native American students.
The project, called Montana Native American Student Investor Education Program, will develop educational materials and provide training and mentoring to tribal youth members of the American Indian Business Leaders (AIBL) Student Organization on three Montana reservations. The program will train faculty advisors of AIBL to become investment educators to middle school, high school and community college students who have shown an interest in business and leadership in their community.
The program will be designed for replication by reservations nationwide and will utilize the investor education curriculum currently being developed by First Nations Development Institute, a 2004 NASD Foundation grantee.
"This grant program offers a unique opportunity for tribal youth members to have greater access to information and education tailored to their communities," said Robert R. Glauber, Chairman & CEO of NASD, who also serves as Chairman of the NASD Investor Education Foundation. "We are pleased to be able to fund a project that will help these students develop an understanding of investing and retirement planning early in life."
"Consumer Credit Counseling Service is extremely excited to partner with the NASD Investor Education Foundation to provide Native American youth an opportunity to learn how to save their money and how to invest in their future," said Shannon J. Augare, Director of Family and Community Asset Development for Consumer Credit Counseling Service. "We understand the positive impact this new innovative education will have in our partnering with tribal communities and we are confident this program will serve as a catalyst in promoting unique economic independence through savings and investing opportunities on our Montana Reservations."
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.