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Providing teenagers with the knowledge and skills to accept responsibility for their own personal financial well-being is a process that enjoys almost universal acceptance and verbal support of parents, educators and economists throughout the United States.
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Adolescence is a time when young people are particularly vulnerable to the enticement of immediate gratification and at the same time are beginning to think about their first part time jobs and other ways to finance their spending.
In May, 2002, the Virginia Council for the Financial Education
of Youth was established as a non-profit corporation to implement
a
program
in Personal Finance education for schools and community service
organizations in the Richmond metropolitan area. Our purpose
is to teach young
people the skills necessary to accept personal responsibility for
their own
financial well-being. We use the curriculum developed and tested
by the National Endowment for Financial Education. Our Council
enjoys the endorsement of the Financial Planners Association
of Central
Virginia
and has been granted 50l(c) (3) status by the Internal Revenue
Service to operate as a public charity.
Since May, the Council has provided over 6,000 student/hours of
Personal Finance education to young people, established a presence
in four
schools and has developed working relationships with Big Brothers
Big Sisters
of Richmond and the North Richmond YMCA.
This is our mission:
Above all else, we are committed to provide high school students
with an educational foundation that will enable them to accept
direct responsibility
for their own financial well-being. In pursuit of our mission,
we believe that the following value statements are true and
essential:
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Executive Director
Andrew A. DelSordo, M.D.
Administrative Consultant
Wallace Stettinius
Board of Directors
Deborah Allen Hewitt, Ph.D.
James W. Copley, Jr. M.B.A., CFA
Joseph C. DelSordo, M.Ed.
Keith E. Jacoby, Ph.D.
Faculty
Andrew A. DelSordo, M.D.
Thomas F. Kelley
David Andrukonis