GREENWOOD, VILLAGE, Colo., Mar 2 – Great-West Life & Annuity Insurance Company (Great-West) is proud to announce the Great-West Great-TeachersSM financial literacy grant initiative, a new signature community support program designed in partnership with the Colorado Jump$tart Coalition to help promote financial education among students in Colorado’s K-12 public schools.
As required by national legislation enacted in 2008, new Personal Financial Literacy (PFL) expectations for grades K–12 were adopted by the state of Colorado in December 2009. Colorado House Bill 08-1168 requires PFL standards to be implemented in all public schools for the 2011–2012 school year.
PFL grade level expectations are intended to provide students with the essential knowledge and skills that will enable them to manage personal checking, savings and investment accounts; design and maintain a household budget; manage personal debt and personal credit options; understand consumer credit and finance; and develop and evaluate risk-management strategies.
“At Great-West, we believe it is important to support our community. Moreover, as a leading financial services company, we are uniquely positioned to help address one of the most pressing issues facing our nation today – financial education,” said Mitchell Graye, president and chief executive officer of Great-West. “By assisting teachers with financial education programs in their classrooms, we hope to empower the next generation with the financial knowledge needed to create a stable future for themselves and their families.”
To help educators bring financial education to the classroom, Great-West Great-Teachers financial literacy grant initiative will award up to 25 Colorado public school teachers a $5,000 grant for use during the 2011–2012 school year. The grant may be used to purchase supplies, further teachers’ financial education, fund field trips, and/or initiate other financial education activities and programs in the classroom.
“Great-West Great-Teachers’ grant program will allow teachers to deliver a personal finance curriculum in a hands-on, relevant manner to students. The importance of personal financial education will create wiser consumers and an informed citizenry. Teachers can design activities and lessons creatively to heighten student engagement,” said Pamela G. Patrick, MAT, Cherokee Trail High School Social Studies Department.
Grant applications are available online at www.greatwestgreateachers.com and will be accepted until April 4. Colorado K-12 public school educators of all disciplines are encouraged to apply.
About Great-West – Great-West Life & Annuity Insurance Company, headquartered in metro Denver, serves its customers through a range of group retirement savings products and services, individual life insurance and annuities, and business-owned life insurance. It is an indirect, wholly owned subsidiary of Great-West Lifeco Inc. and “A Member of the Power Financial Corporation Group of Companies”®.