The M&M Area Community Foundation (MMACF) has partnered with Peshtigo National Bank to introduce a newly established Teacher Incentive Program. This innovative program will provide a grant to teachers who include financial literacy in their student’s curriculum. School staff throughout Marinette and Menominee Counties participating in the MMACF’s Future Fund children’s savings account program are eligible to apply. The funding for the awards is a committed contribution by Peshtigo National Bank.
“Financial Literacy Month is celebrated each April, which makes this the perfect time for students to learn about the importance of saving for post-high school education and training,” said Kelly Heroux, President of Peshtigo National Bank. “Good money habits and learning to save can make all the difference to young people preparing for their future,” she added.
Financial literacy means having both the knowledge and capacity to manage personal and household finances, as well as the ability to reach meaningful goals. Parents rank teaching financial responsibility to their children near the top of their educational wish list.
“The Teacher Incentive Program supports teachers and schools who wish to further their students’ financial skills as a part of general education. Having a Future Fund savings account provides a positive and practical application for students,” stated Paula Gruszynski, Executive Director of the MMACF.
Teachers may get an application from their Superintendent. Applications are due to the Community Foundation no later than noon on Friday, April 7th.
Since the 2019 – 2020 school year, all incoming kindergarten students residing in Marinette and Menominee Counties had and will have a $50 deposit-only Future Fund savings account established for them by the Community Foundation. Future Fund accounts grow by additional deposits from the Community Foundation during every year of a students’ K-12 career.
The Community Foundation has committed to raising the $2 million dollars necessary to make permanent the Future Fund children’s saving program.
The Foundation welcomes community support to assist and grow the Future Fund and the opportunities it provides our children. For more information on how to give back to our communities via the Future Fund, please contact Paula Gruszynski at 906-864-3599. Checks for this Fund may be mailed to the MMACF at 1110 10th Avenue, Suite L-1, Menominee, MI 49858 or made online at www.mmacf.org.
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