NASHVILLE, Tenn.--(BUSINESS WIRE)--Jackson Charitable Foundation, the charitable-giving arm of Jackson National Life Insurance Company® (Jackson®), today announced a $1 million contribution to Ramsey Education to sponsor their Foundations in Personal Finance curriculum in 500 high schools across the country for the 2019-2020 school year. The Foundation, which has a mission to advance financial knowledge on a national scale, has teamed up with Ramsey Education for a second year to ensure more than 40,000 additional high school students have access to this critical financial education program that teaches valuable skills to prepare them for a life of financial freedom.
“Together with Ramsey Education, we are committed to supporting high school educators by helping them effectively teach the important subject of personal finance in the classroom,” said Danielle Robinson, executive director, Jackson Charitable Foundation. “Young people who understand how money works have the power to change generations, building stronger individuals, families and communities.”
After taking Foundations in Personal Finance, students who benefited from the Jackson Charitable Foundation’s 2018-2019 donation grew their overall knowledge of personal finance by 28 percentage points.1 The class is more than just reading a textbook and taking tests, it’s a course in real-life skills. Throughout the semester, teachers challenge students to set goals, like saving $500, applying for college grants and scholarships and writing their personal resume. Many teens report never having talked about money with their parents before the class, but Foundations opened the door to financial conversations at home, where students are even teaching their parents money-saving tips.
Personal finance expert Dave Ramsey began Ramsey Education to address a concern he heard regularly when counseling adults on money issues, "I wish I had learned this in high school!" Thus, the creation of Foundations in Personal Finance, an easy-to-use, turn-key school curriculum that teaches students the value of saving, spending and giving to guide them down the path of financial literacy.
“We’re thrilled that the Jackson Charitable Foundation doubled its contribution for the 2019-2020 school year,” said Jim King, executive vice president of Ramsey Education. “So many teachers are unable to secure funding for critical courses, and the Jackson Charitable Foundation’s commitment to bridging that gap provides thousands more high school students access to life-changing personal finance education."
More than 4 million students have benefited from Ramsey Education’s Foundations in Personal Finance in middle schools, high schools and universities nationwide. Foundations in Personal Finance can be used as a resource to fulfill requirements in mathematics, economics, family and consumer sciences, business mathematics and personal finance.2 In its digital format, Foundations offers flexible features like customizable syllabi, auto-graded assessments and the option to stream videos outside the classroom for a customized learning experience.
For more information about Foundations in Personal Finance, go to ramseyeducation.com.
To learn more about the Jackson Charitable Foundation, please visit jacksoncharitablefoundation.org.
Jackson is a leading provider of retirement products for industry professionals and their clients. The company and its affiliates offer variable, fixed and fixed index annuities designed for tax-efficient growth and distribution of retirement income for retail customers, as well as products for institutional investors. Jackson is a proud founding member and co-chair of the Alliance for Lifetime Income, a nonprofit 501(c)(6) organization formed and supported by 24 of the nation’s financial services organizations to create awareness and educate Americans about the importance of protected lifetime income. The company prides itself on sound corporate risk management practices and strategic technology initiatives. Focused on thought leadership and education, Jackson provides industry insights and financial representative training on retirement planning and alternative investment strategies. The company is also dedicated to corporate philanthropy and supports nonprofits focused on strengthening families and creating economic opportunities in the communities where its employees live and work. For more information, visit www.jackson.com.
About Jackson Charitable Foundation
Jackson Charitable Foundation’s vision is for all Americans to have the strong personal finance skills that allow people to live fuller, more self-directed lives. The 501(c)(3) private operating Foundation, is the charitable-giving arm of Jackson National Life Insurance Company. The Foundation works with Jackson associates and world-class partners to provide economic opportunities that build strong communities. Follow the Jackson Charitable Foundation at jacksoncharitablefoundation.org, on Facebook at @JacksonCharitableFoundation and on Twitter at @JacksonFdn.
About Ramsey Solutions
Ramsey Education is a division of Ramsey Solutions, a company committed to helping people regain control of their money, build wealth, grow their leadership skills and enhance their lives through personal development. The company’s success is defined by the number of people whose lives are changed by a message of hope. Through a variety of mediums including live events, publishing, syndicated columns, nationally syndicated radio shows, and digital products, Ramsey Solutions uses commonsense education to empower people to win at life and money. Voted among Nashville’s best places to work 11 times, Ramsey Solutions employs more than 850 team members focused and dedicated to doing work that matters. For more information visit daveramsey.com.
Jackson is the marketing name for Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York.
1 Source: Ramsey Education conducted pre- and post-class assessments at 573 schools in 48 states in which Jackson Charitable Foundation sponsors schools. The results indicated that student assessment scores increased by an average of 28 percentage points from the pre-class assessment to the post-class assessment.
2 Source: Ramsey Education, which reports that since 2004, 4.7 million students in middle schools, high schools and colleges have taken Ramsey Education’s Foundations in Personal Finance curriculum. This number is based on individual units sold and site license sales.