The Allstate Foundation has awarded Junior Achievement of North Central Ohio a $35,000 grant to help provide financial literacy education to more than 1,300 students throughout the region during the 2015-2016 school year. The grant will support JA’s Sparking Student Success Programs, taught by corporate and community volunteers, to students in K-12 to foster work-readiness, entrepreneurship and financial literacy skills, and prepare young people to succeed in a global economy.
“Today more than ever, young people need help navigating the increasingly complex job market and money management landscape,” said Michael Gaffney, president, Junior Achievement of North Central Ohio. “This grant from The Allstate Foundation will further JA’s mission to empower young people to own their economic success.”
Findings from recent surveys conducted by JA USA reveal young people are lacking the professional skills and economic know-how needed to succeed post-graduation. Graduating students are inadequately prepared to participate in a meaningful way to their employers’ success because they lack basic skills such as communication, problem solving and critical thinking. Hiring professionals who regularly evaluate the qualifications of new entrants (high school and college graduates) into the workforce believe only 20 percent of young job hires are “very qualified” for their new positions.
“We are so pleased to support an important organization that meets the need of preparing young adults for a lifetime of smart financial decisions,” said Keith Clonch, Ohio sales leader for Allstate. “We believe it’s our responsibility to build solid partnerships to strengthen the communities where we do business, work and live, and are proud to support the work of JA of North Central Ohio through the Allstate Foundation.”
The $35,000 grant brings the Allstate Foundation’s total contribution to Junior Achievement of North Central Ohio to $230,000 since 2006.
The Allstate Foundation has invested more than $400 million in funding across the country since 1952, supporting organizations dedicated to addressing three issues: Domestic Violence, Youth Empowerment and Teen Safe Driving.