First Eagle Investments Foundation Joins Hands to Enhance Financial Education

First Eagle Investments Foundation Partners with a Noble Cause

First Eagle Investments Foundation has formed an impactful partnership with the Council for Economic Education (CEE) and its FinEd50 coalition. This collaboration aims to strengthen financial education and literacy for students across schools every school district and high school in the United States. The initiative aligns with the foundation's continuous commitment to fostering financial literacy, which has been its focus since its inception in 2012.

About FinEd50 Coalition and Its Mission

FinEd50, established by CEE and Visa, comprises nonprofit organizations, researchers, corporate partners, and professional entities all dedicated to enhancing personal finance education. CEE emphasizes the importance of equipping K-12 students with essential personal finance skills to empower them to make informed financial decisions for themselves and their families. Through this coalition, CEE aspires to influence education policy at the state level, ensuring that all students have access to crucial financial knowledge.

Supporting Legislative Changes

The coalition is committed to supporting and promoting legislative efforts that increase the number of states mandating personal finance education as a high school graduation requirement. The FinEd50 coalition is equally focused on ensuring that educators receive the training and resources necessary to deliver quality personal finance education.

Statements from Leadership

Mehdi Mahmud, President and Chief Executive Officer of First Eagle, stated, "The absence of financial literacy in America contributes to several pressing social issues today. We believe it is our responsibility, along with the broader financial services industry, to confront this challenge. By partnering with the FinEd50 coalition, we are prioritizing the advancement of financial education to benefit all students, regardless of their socioeconomic background. We are honored to support CEE in this significant endeavor."

Empowering Educators

Nan J. Morrison, President and Chief Executive Officer of CEE, expressed gratitude for First Eagle's partnership, stating, "First Eagle’s commitment is instrumental in our mission to provide equitable access to financial education. This collaboration allows CEE to adapt and enhance our programs, meeting the evolving needs of teachers and students. By equipping educators with essential resources and training in economics and personal finance, we aim to make a meaningful impact on every student’s life."

The Role of First Eagle Investments Foundation

The First Eagle Investments Foundation serves as the charitable component of First Eagle’s Corporate Social Responsibility initiatives, which strive to foster a culture of philanthropic engagement within the company. A core element of this mission is enhancing financial literacy, particularly among underserved communities. The Foundation works with nonprofits like CEE and FinEd50 coalition member W!se to empower the next generation of diverse leaders in the financial industry.

Overview of First Eagle Investments

First Eagle Investments is a privately owned investment management firm based in New York, managing approximately $138 billion in assets as of mid-2024. The firm is dedicated to prudent management of client assets, focusing on active and fundamental investment strategies that prioritize downside protection. With a rich heritage dating back to 1864, First Eagle aims to help clients preserve capital and achieve attractive returns, regardless of prevailing economic conditions.

About the Council for Economic Education

The Council for Economic Education (CEE) is committed to providing K–12 students with essential financial and economic knowledge. CEE advocates for financial education standards across every state and offers comprehensive training and resources to teachers, adapting to meet the diverse needs of their students. Through their initiatives, CEE strives to prepare students for the complexities of modern economic scenarios, equipping them to become responsible financial decision-makers.

Understanding the FinEd50 Coalition

The FinEd50 coalition aims to ensure equitable access to personal finance courses for all students, backed by a curriculum that is both culturally relevant and aligned with national standards. The coalition focuses on providing teachers with essential professional development and resources necessary to teach finance effectively and offers mechanisms to track and ensure equitable access to these important educational resources.

Frequently Asked Questions

What is the primary goal of the partnership?

The partnership aims to enhance financial education and literacy among students across the United States.

Who established the FinEd50 coalition?

The FinEd50 coalition was established by the Council for Economic Education and Visa.

How does the partnership support teachers?

The partnership ensures that educators receive training and resources to deliver high-quality personal finance coursework.

What is First Eagle Investments Foundation's approach to philanthropy?

The Foundation promotes philanthropic engagement within the company, focusing on improving financial literacy among underserved communities.

Why is financial literacy important for students?

Financial literacy equips students with essential skills for making informed financial decisions that affect their futures and their communities.

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