Monday, August 22, 2011

TIAA-CREF Parnters with UNC Charlotte to Promote Financial Literacy

A recent press release outlines the planned initiatives of a partnership between TIAA-CREF and the University of North Carolina, Charlotte, to provide financial education to students and faculty in the Charlotte-Mecklenburg School district. One unique feature of the partnership is that members of UNC Charlotte will train TIAA-CREF volunteers on how to be better tutors and mentors to students. Additionally, the planned events are meaningful to the local community and take advantage of TIAA-CREF's core competencies. When social action at work is aligned with the values and strategies of the company, employees believe them to be more authentic, leading to better outcomes in terms of commitment and satisfaction (Ellis, 2008).

August 18, 2011 10:06 AM Eastern Daylight Time

NEW YORK--(EON: Enhanced Online News)--TIAA-CREF, a leading financial services provider, and UNC Charlotte today announced a partnership to provide educational support to over 4700 students and 500 faculty members at Governor’s Village schools. Opened in 1996, Governors Village is home to four Charlotte-Mecklenburg Schools (CMS): John M. Morehead STEM Academy, Nathaniel Alexander Elementary, James Martin Middle, and Zebulon B. Vance High.

“We are proud to partner with UNC Charlotte and the Charlotte school system to adopt these four schools to ensure that the students and teachers have the tools they need to be successful.”

Working together with CMS to identify the specific needs of the Governor’s Village schools, TIAA-CREF and UNC Charlotte have partnered to develop a number of programs and initiatives that will take place throughout the school year, including:

Mentoring/Tutoring Programs – Starting in mid-September 2011 and running throughout the school year, TIAA-CREF and UNC Charlotte volunteers will provide tutoring and mentoring for students in Governor’s Village. UNC Charlotte faculty will provide training to all TIAA-CREF volunteers on best practices for being a mentor and tutor.

Governor’s Village Professional Development Conference – On January 23, 2012, TIAA-CREF will host, at the organization’s offices in Charlotte, a professional development conference for approximately 500+ teachers and faculty from the Governor’s Village schools. TIAA-CREF will provide financial services related topics for the conference, and the conference agenda will be developed jointly by TIAA-CREF, UNC Charlotte and CMS.

Job Shadow Event – In February 2012, TIAA-CREF and UNC Charlotte will host a job shadow event at TIAA-CREF offices for students in grades 8-12, in order to provide students with opportunities to gather information on a wide variety of career possibilities. Additionally, TIAA-CREF and UNC Charlotte staff and alumni will participate in Career Day at schools for students in grades 3-7.

Financial Literacy Employee Volunteer Program – In April 2012, to coincide with National Financial Literacy Month, TIAA-CREF employees will host financial education sessions with teachers, faculty and parents at the schools’ PTA meetings.

“TIAA-CREF is dedicated to education and committed to supporting the communities where we live and work,” said Charlotte-based Gene Flood, Executive Vice President of Diversified Financial Services. “We are proud to partner with UNC Charlotte and the Charlotte school system to adopt these four schools to ensure that the students and teachers have the tools they need to be successful.”

“UNC Charlotte has a long-standing relationship with TIAA-CREF and we’ve made Governor’s Village an important part of our community outreach priorities,” said Mary Lynne Calhoun, dean of UNC Charlotte’s College of Education “Through our combined volunteer time and resources, this partnership is about removing educational barriers to help deserving students achieve their full potential”

“We are grateful for the partnership and commitment from TIAA-CREF and UNC Charlotte,” said interim superintendent Hugh Hattabaugh. “Our students in the Governor’s Village can benefit tremendously from this initiative.”

TIAA-CREF also announced that it had donated approximately 500 personal computers to the Governor’s Village schools. The donated computers support TIAA-CREF’s belief that students should have access to technology and information for educational development and learning purposes.

In addition, TIAA-CREF donated school supplies for the Governor’s Village schools in the company’s annual “Backpacks and Knapsacks School-Supply Drive”. TIAA-CREF's "Backpacks and Knapsacks" program is a school supply effort championed by employees to support education through their donation of pencils, paper, backpacks and crayons for local schoolchildren.

Additionally, in advance of the start of the school year, dozens of TIAA-CREF and UNC Charlotte volunteers assisted in the beautification of the Governor’s Village schools campuses to prepare for the arrival of faculty and schoolchildren.

About TIAA-CREF

TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $469 billion in assets under management (as of 6/30/11) and is the leading provider of retirement services in the academic, research, medical and cultural fields.

TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

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