New York, NY, December 20, 2012 State Farm® is committed to doing right by its neighbors and customers and being there for the communities they serve. In the month of December, State Farm presented a total of $55,000 in grants to three commendable New York City organizations: The W!SE Institute, The World of Moneys Youth Financial Education Training Institute and One Hundred Black Men. The monies contributed to these organizations will help them continue the important work they are doing on an everyday basis.
The W!SE Institute is the only educational program of its type in New York City and has been a standard bearer in experiential learning since 1993. State Farm agent Julie De Rossi presented the Institute with a $10,000 grant at the High School of Economics and Finance in downtown Manhattan. In attendance at the presentation were junior and senior students from the school, Phyllis Frankfort, President & CEO of W!SE, David Anderson, Executive Vice President, W!SE and New York City Councilwoman Margaret Chin.
The W!SE Institute offers more than 100 seminars at the High School of Economics and Finance on a variety of relevant, interesting and thought provoking topics throughout the school year as an integrated part of the school curriculum. The grant awarded by State Farm will continue to fund seminars on finance and personal finance, including the popular Risky Business seminar on insurance and careers in insurance, presented by volunteer executives from State Farm agencies
The World of Money is dedicated to the financial education of underserved young people, ages 7-18, in Metro New York. Their mission is to teach and instill the fundamentals for a financially responsible life. State Farm agent Julio Tejada presented The World of Money a $20,000 grant at the recent Parent Advisory Council Meeting to help fund their Youth Financial Education Training Institute.
The program is a a three week, intensive training which takes place each summer in the New York TriState area, that focuses on key topics such as budgeting, money management, investing, disciplined saving and responsible credit card usage. Additionally throughout the training, youth interface with top financial experts, tour financial institutions, participate in a community day of service and real estate tours.
State Farm is a longtime supporter of the One Hundred Black Men, Inc. of New York City. Public Affairs Specialist Naomi Johnson attended the One Hundred Black Men annual Founders Day Celebration at The Cornell Club and presented them with a $25,000 grant. The funds will continue to assist the organizations scholarships, educational support, economic empowerment and mentoring programs.
State Farm and its affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 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. 43 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.