Fifth Third bank has announced 13 technology grants of $10,000 each to schools and nonprofit organizations that are involved with the bank’s digital Young Bankers Club program, a financial education program aimed at fifth-grade students.
The program which was first offered in 2004 as the Fifth Third Young Bankers Club was redesigned earlier this year as a digital program for virtual or classroom learning.
It includes an eight-unit curriculum which covers budgeting, banking and payment methods, overspending and lending to others, borrowing money, jobs, and income, saving, and investing, and risk and insurance through a game format.
The program is part of Fifth Third’s L.I.F.E program which encourages financial education. It sits alongside the Fifth Third Financial Empowerment Mobile, the Fifth Third Finance Academy and Fifth Third Bank Empower U. Since 2004, more than 2.6 million people have been educated through these programs.
Schools and community organizations receiving grants include: Brilliant Detroit, Detroit, Burton Middle School, Grand Rapids, Michigan, Christel House Academy, Indianapolis, Florence Nightingale Elementary School, Chicago, Frederick Douglass Community Association, Toledo, Ohio, Girls Emerging Into Maturity, Dayton, Ohio, Legends Academy, Orlando, Florida, Lockheed Elementary School, Marietta, Georgia, Ninth District Elementary School, Covington, Kentucky, The Phe’be Foundation, Cleveland, Ohio, Walnut Creek Elementary School, Raleigh, North Carolina, Why We Can’t Wait, Nashville, Tennessee and Woodcrest Elementary School, Columbus, Ohio.
Stefanie Steward-Young, chief corporate social responsibility officer for Fifth Third Bank said: “The grants will enable these organizations to purchase and incorporate more tools into their educational curriculums, which will boost technological access in the communities they serve while enabling more students to gain valuable financial knowledge through the Young Bankers Club.”
In October, Fifth Third Bank co-launched a $180 million neighbourhood investment program which focuses on nine majority-Black communities across seven states.