Fifth Third Foundation Makes $750,000 Grant to Support $martPath Youth Financial Literacy Program
June 14 2017 - 11:10AM
Business Wire
The Fifth Third Foundation today announced the funding of a
three-year grant worth $750,000 for $martPath, an elementary school
financial literacy program administered by the University of
Cincinnati (UC) Economics Center. As a leader in the delivery of
financial empowerment programs at every age and stage of life,
Fifth Third invested in $martPath to complement its own L.I.F.E.
(Lives Improved through Financial Empowerment®) programs.
This Smart News Release features multimedia.
View the full release here:
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Blackbeard, one of the characters
featured in the $martPath financial education curriculum in Ohio,
Michigan and Florida, and funded by a $750,000 grant from the Fifth
Third Foundation. (Photo: Business Wire)
The grant will enable the rollout of $martPath’s digital
platform in Ohio, Michigan and Florida. Designed by the UC
Economics Center for elementary grades one through six, $martPath
integrates economics, personal finance, mathematics, English and
language arts into time-strapped classrooms to aid teachers in
accomplishing multiple instructional goals.
“We are very grateful for the support from Fifth Third and are
honored to partner with them to bring this wonderful resource to
classrooms,” said Dr. Julie Heath, director, UC Economics Center.
“$martPath is transforming how we teach economic and financial
education, and Fifth Third’s support speaks to their role as
corporate citizens and their commitment to our community’s
well-being.”
“Fifth Third is deeply committed to improving financial literacy
across America, and especially in the markets we serve,” said Heidi
B. Jark, senior vice president and director of The Foundation
Office at Fifth Third Bank. “We are dedicated to making that happen
in a variety of ways—from funding solid programs already in
existence like $martPath, to collaborating with partner companies
to deliver financial education to high schools, to developing our
own signature programs like the Fifth Third Bank Young Bankers
Club® and Fifth Third Bank Empower U®. We are eager to see the
fruits of $martPath’s expansion into our markets.”
$martPath covers the following topics: goal setting, budgeting,
saving and spending decisions, human capital investment, business
operations, methods of payments and more. $martPath utilizes
animated stories at each grade level, along with traditional
classroom activities and online interactive exercises. The platform
includes homework that extends the in-class experience and reaches
parents. The curriculum has earned two national awards.
A teacher in Columbus, Ohio, who utilized $martPath in her
classroom in the 2016-2017 school year, said, “This program was a
game changer for my students. The environment in which my students
live is one that does not always embrace the importance of informed
decision making. My students enjoyed every lesson.”
Through this grant, Fifth Third and the UC Economics Center
expect to reach approximately 22,500 students per state over the
next three years, for a total of 67,500 students. Fifth Third Bank
representatives will participate in teacher training sessions as
well as outreach to their students.
Fifth Third Bank’s investment in financial empowerment programs
is part of the Bank’s $30 billion commitment to the community. The
five-year commitment runs through 2020 and has specific targets for
investments, lending and Fifth Third Impact initiatives spanning
philanthropy, inclusion and diversity, housing and small
business-related investments, financial empowerment and more.
Additional information is available at
www.53.com/commitment.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2017, the
Company had $140 billion in assets and operated 1,155 full-service
Banking Centers and 2,471 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending, and Wealth
& Asset Management. As of March 31, 2017, Fifth Third also had
a 17.8 percent interest in Vantiv Holding, LLC. Fifth Third is
among the largest money managers in the Midwest and, as of March
31, 2017, had $323 billion in assets under care, of which it
managed $33 billion for individuals, corporations and
not-for-profit organizations through its Trust, Brokerage and
Insurance businesses. Investor information and press
releases can be viewed at www.53.com. Fifth Third’s
common stock is traded on the NASDAQ® Global Select Market under
the symbol “FITB.” Fifth Third Bank was established in 1858. Member
FDIC, Equal Housing Lender
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Fifth Third BankStacie Haas,
513-534-5113Stacie.Haas@53.comorFifth Third Corporate
Communications513-534-NEWS
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