State Farm® Youth Advisory Board grants $24,200 to local organization - third year in a row
SIOUX FALLS, S.D., Oct. 25, 2011 - Due to support from State Farm Insurance, South Dakota students will share their knowledge of personal finance and entrepreneurship with adults to illustrate the importance of making wise financial decisions.
The State Farm Youth Advisory Board has announced that Junior Achievement of South Dakota will receive a $24,200 service-learning grant for a financial education project to be based in Sioux Falls.
This is the third consecutive year the organization has received a prestigious YAB grant.
State Farm will present the grant at 9:00 am on Wednesday, Oct. 26th, at Axtell Park Middle School, 201 N. West Avenue in Sioux Falls. Members of the media are welcome to attend.
The South Dakota project will be called “Reverse Roles: Students Teaching Parents about Financial Literacy and Entrepreneurship.” Students at the elementary, middle and high school levels will study these important issues with the help of volunteer role models from the community. The students will then share their knowledge with their parents and guardians to illustrate the importance of making wise financial decisions.
“We believe students can be leaders at home and can achieve a lasting change in their families and their communities,” said Kayla Eitreim, President of Junior Achievement of South Dakota. “We appreciate the Youth Advisory Board’s support for empowering students to become leaders.”
Service-learning, which combines service to the community with classroom curriculum, is a great way to master a subject and encourage civic responsibility, said Terry Barton, State Farm Vice President for South Dakota. “We are proud of the Youth Advisory Board’s commitment to education, our communities and our youth.”
JASD is one of 64 community organizations to receive a service-learning, youth-led grant across the United States and Canada. The State Farm Youth Advisory Board has granted over $19.8 million in grant money since its inception in 2006, empowering youth to implement service-learning in 340 communities.
Additionally, applications are available for interested youth aged 17-20 to become a Youth Advisory Board member. More information can be found at www.statefarmyab.com.
Ann Avery, Heartland Zone, State Farm Insurance, (402) 327-4551
State Farm is the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 37 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.
The State Farm Youth Advisory Board is a diverse group of 30 youth, ages 17-20, who were chosen through a competitive process to lead and oversee this $5 million/year signature service-learning initiative. The Youth Board identified the issues, issued competitive grants and will now provide technical assistance, communication and oversight to site grantees.