Verizon Foundation Receives National Council on Economic Education's 2008 Visionary Award

Verizon Foundation Receives National Council on Economic Education's 2008 Visionary Award

The Verizon Foundation was honored as a 2008 Visionary Award-winner by the National Council on Economic Education (NCEE) on Thursday, October 30.

At the awards ceremony, held at the St. Regis Hotel in New York, NCEE President and CEO Dr. Robert Duvall said, "Few fit the definition of 'Champion of Economic Empowerment' in as convincing a fashion at this year's four remarkable honorees. Not only do they represent, in powerful ways, why economics matters but they bring it to life on a daily basis while inspiring others to follow their lead."

NCEE is a nationwide network promoting economic literacy for teachers and students. The goal is to help students develop the skills they need to be successful consumers, savers, investors, citizens, members of the workforce and participants in a global economy.

The Verizon Foundation won the award for "funding programs that address the heart of social issues such as literacy, technology education and domestic violence and building partnerships to replicate the most successful programs in communities across the country."

Since 2000, the Verizon Foundation has invested more than $400 million in the U.S. and around the world to help others. In 2007, it awarded more than $69.4 million in grants to charitable and nonprofit agencies serving the needs of diverse communities.

Bridging the Gap
NCEE surveys show that nearly half of young people don't understand how to save and invest for retirement, handle credit cards, or know how government spending affects them.

That's why they developed EconEdLink, an Internet-based source of economic lesson materials for teachers and students, delivered through Verizon's Thinkfinity.org. Thanks to significant funding and support from the Verizon Foundation, EconEdLink offers 570 downloadable economic lesson plans that are accessed by more than 100,000 teachers annually.

"The simple truth is that financial and economic literacy are fundamental 21st Century skills, and the economic challenges of the past month support that statement," said Verizon Senior Vice President and Controller, Tom Bartlett, who accepted the award on behalf of the Verizon Foundation.

"Thinkfinity's resources for economic and financial education have never been more valuable, and we are proud to partner with NCEE in helping students, teachers and families acquire and reinforce these critical skills," Bartlett said.

In addition to the Verizon Foundation, honorees included John Rogers, founder, chairman and chief investment officer of Ariel Capital Management, one of the largest African-American owned investment firms; Mary Chapiro, CEO of the Financial Industry Regulatory Authority and chairman of the FINRA Investor Education Foundation; and Julie Stav, cofounder of Tu Dinero, the nation's first Spanish-language personal finance magazine.

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