NFTE Overview (Nov 07)- Entrepreneurship Education for High School and Middle School Youth

Slide 1: The National Foundation for Teaching Entrepreneurship Presentation by Julie Kantor- Executive Director, NFTE-Greater Washington juliek@nfte.com

Slide 2: Entrepreneurship Pathway 2

Slide 3: Snapshot  Vision/Mission: Every young person will find a pathway to prosperity. NFTE provides entrepreneurship education programs to young people from low- income communities. Founded in 1987 by Steve Mariotti.  Students  Target Population: young people from low-income communities, ages 11 – 18  180,000 youth served since 1987  FY 2007 Actual: 35,700 students (25% increase over FY06)  FY 2008 Goal: 42,710 students (20% increase over FY07)  Teachers  FY 2007 Actual: 600 trained; 1,100 active  FY 2008 Goal: Train 500 new teachers; retain active corps of 1,150  Curriculum  Pearson Prentice Hall Partnership: 3-book contract in place  Operations & Financial Information  11 domestic program offices  Active programs in 21 states and 13 countries  FY 2007 budget is $16.2 million 3

Slide 4: Student Growth Cummulative Students Served 250000 200000 150000 100000 50000 0 r l* 95 96 97 98 99 00 01 02 03 04 05 06 08 07 io oa pr 19 19 19 19 19 20 20 20 20 20 20 20 20 20 G d an 94 19 * 2008 Goal: 42,710 students 4

Slide 5: Domestic Market: Where We Are, Where We’re Going Existing Offices  Baltimore  Bay Area  Chicago  Dallas  Fairchester  Greater Los Angeles  Greater Pittsburgh  Greater Washington, DC  New England  New York Metro  South Florida Potential Future Expansion  Atlanta  Detroit  El Paso, TX  Houston  McAllen, TX  Philadelphia  Phoenix  Portland, OR  Riverside, CA  San Antonio  San Diego 5  San Juan, PR

Slide 6: International Market: Grow Where We Are Belgium, Netherlands, Ireland, UK, Germany Korea Bermuda China Israel El Salvador India South Africa New Zealand 6

Slide 7: Strategy  Create engaging, experiential curricula and tools to improve academic, business and life skills  Train and support teachers and youth professionals  Partner with schools, community-based organizations, and post-secondary institutions  Offer volunteers meaningful opportunities that connect students to real world experiences  Link the educational and business worlds in the classroom and beyond  Provide services to program graduates  Demonstrate outcomes of entrepreneurship education through research  Build public awareness to expand entrepreneurship education 7

Slide 8: Program Areas  In-School, Out-of-School Student Programs  NFTE University Teacher Education  Curriculum Development & Program Innovation  Program Partnerships  Alumni Services  Research & Evaluation  Public Policy 8

Slide 9: NFTE U: Teacher Training & Prof. Development Train Implement Support  Identify schools and  Regular site visits from NFTE  Mentoring educators staff  Professional development  Train educators at 4  Assist in volunteer  E-Learning Workshop day intensive “NFTE recruitment, field trip planning  Teacher Meetings University” and business plan development  Award opportunities  Advanced Teacher Forum  Online course management system (TEAMS)  Regional retreats 9

Slide 10: University Partnerships 10

Slide 11: NFTE Student Experience  NFTE impacts students’ basic academic and life skills through a hands-on entrepreneurship curriculum that reinforces math, reading and writing, and develops skills in critical thinking, teamwork, communication and decision-making  NFTE-trained teacher  NFTE textbook, workbook & supplementary materials  80 classroom hours  Business plan development  Business plan competitions: class, regionals, nationals  Wholesale trip & Selling event  Field trips to local businesses  Class speakers (entrepreneurs, business executives)  Mentoring 11

Slide 12: Academic Standards  NFTE’s programs correlate to a variety of federal, state and local academic standards helping teachers and superintendents meet critical education requirements, including school-to-career objectives.  NFTE’s curriculum meets national social studies and mathematics learning standards, as well as language arts, math, science, technology, and social studies in several states throughout the country. Standards defined by:  The National Council for the Teaching of Mathematics (NCTM)  The National Council for Social Studies (NCSS)  The U.S. DOL’s Secretary’s Commission on Achieving Necessary Skills (SCANS). 12

Slide 13: Program Partners Outside NFTE Offices National Partners International Partners  E CITY (Cleveland)  Ashalim / JDC Hill: Israel  E Florida! (FL Dept .of Ed.)  Bright China Foundation  GEAR UP Kentucky  Hui Taumata Taskforce: New Zealand  NFTE Philadelphia  I Create, Inc: India  Prudential Young Entrepreneur Program  NFTE Belgium  United World Colleges  NFTE Netherlands  YES Carolina  NFTE Germany  Youth Entrepreneurs of Atlanta  NFTE Ireland  Youth Entrepreneurs of  NFTE United Kingdom Kansas  TechnoServe: El Salvador  Umsobomvu Youth Fund: South Africa  Young Professionals Institute of Korea  Youth Entrepreneur Initiative of Bermuda 13

Slide 14: Alumni Services  Alumni services seeks to create a solid infrastructure that supports the needs of NFTE program graduates via advanced programs, mentoring, and community building, in-person and online.  Alumni opportunities include:  Access to the online NFTE Alumni Network  Use of NFTE BizCenters  Business plan mentoring from local entrepreneurs and business executives  Regional and/or national business plan competitions  Entrepreneurship Clubs (E-Clubs)  Advanced BizCamps™  Entrepreneurship workshops and career forums  Award opportunities, including the Young Entrepreneur of the Year Awards, Advanced Entrepreneurship Seminar, and various college scholarships. 14

Slide 15: Theory of Change Economically Responsible Member of Society I have one or more: I am a High School I am better at: Good Job graduate. Math Own Business Reading College degree Writing NFTE Change Academic Attitudes Life Skills ABCs of Entrepreneurship • Math is important • I can present • Business Plan • Reading is important • I can negotiate • Basic Finance Skills • I can use computers • I can network • Marketing Skills to succeed. • I can communicate NFTE Program On-mission Trained Teachers Effective Curriculum Students 15

Slide 16: Research & Evaluation: Results Harvard Graduate School of Education (Research Focus: Academics/School)  Interest in attending college increased 32%  Occupational aspirations increased 44%  Independent reading increased 4%  Locus of control (belief that attaining one’s goals is within one’s own control) increased 3.1%  Entrepreneurial leadership increased 13.2% Brandeis University (Research Focus: Business Knowledge/Formation)  Participation in a NFTE program increases:  Business knowledge by 20 times  Business formation rates by 30 times  In a follow-up survey NFTE alums reported:  70% were in post-secondary education  43% had part-time jobs; 20% had full-time jobs  33% were still running a business (no min. income level assumed) Koch Foundation (Research Focus: Formation/Attitudes towards Business)  Nine in ten alumni said that NFTE increased their confidence to run a business  Minority business ownership experience was four times higher than control group  99% of alumni would recommend a NFTE program 16

Slide 17: Public Policy: Youth Entrepreneurship Strategy Group In partnership with the Aspen Institute & E*TRADE Financial, NFTE seeks to promote entrepreneurship education in low-income communities nationwide through thought leadership, media and public events. The next YESG convening will be in May 2008. Stephanie Bell-Rose (YESG Chairperson) Marguerite Kondracke, America's Promise The Goldman Sachs Foundation Kelvin James, E*TRADE Financial Thomas Payzant (YESG Vice-Chairperson) Valorie Johnson, The W.K. Kellogg Foundation Harvard School of Education Jack Kosakowski, JA Worldwide Cathy Ashmore, Consortium for Entrepreneurship Education Dane Linn, National Governors Association Tim Brady, QuestBridge Steve Mariotti, NFTE Maynard Brown, Crenshaw High School, LA Kim Pate, CFED Gaston Caperton, College Board Karen Pittman, Forum for Youth Investment Mitchell H. Caplan, E*TRADE Financial Joanna Rees, VSP Capital Daniel Cardinali, Communities in Schools Manny Rivera, NY Deputy Secretary of Education Gene Carter, Ass. for Supervision and Curriculum Development Andrew J. Rotherham, Education Sector and Rudy Crew, Miami-Dade County Public Schools Eduwonk.com Ed Davis, DECA, Inc. Charles Roussel, The Atlantic Philanthropies William H. Donaldson, Donaldson Enterprises Stephen Spinelli, Jr., Philadelphia University Michael Feinberg, KIPP: Knowledge is Power Program Diana Davis Spencer, Shelby Cullom Davis Fdn Andrew B. Hahn, Brandeis University Marc Spencer, Juma Ventures, Inc. Michael W. Hennessy, The Coleman Foundation H. Leigh Toney, Miami Dade College Irv Katz, The National Human Services Assembly John Zitzner, E-City 17

Slide 18: National Board of Directors ALBERT ABNEY TOM HARTOCOLLIS ALAN PATRICOF Time II, Inc. Microsoft Corporation Greycroft Partners PATTY ALPER LANDON HILLIARD MARSHA RALLS Alper Portfolio Group (Board Chair) The Ralls Collection Brown Brothers Harriman BILL DAUGHERTY DONNA REDEL Interactive Search Holdings JAMES LYLE (Co-Vice Chairman) ROBERT REFFKIN PHILIP FALCONE Millgate Capital, Inc. Goldman Sachs & Co. Harbinger Capital Partners STEVE MARIOTTI ARTHUR SAMBERG MICHAEL FETTERS, Ph.D. NFTE Pequot Capital Babson College DIANA DAVIS SPENCER CONSUELO MACK (Co-Vice Chairman) LAWRENCE N. FIELD Consuelo Mack Wealth Track Shelby Cullom Davis Fdn NSB Associates KEVIN MURPHY PETER B. WALKER JOHN B. FULLERTON Tandem Global Partners McKinsey & Co. Alerian Capital Management TUCKER YORK Goldman Sachs & Co. 18

Slide 19: Major Donors $4,000,000 + $1,000,000+ (Cont) The Atlantic Philanthropies Merrill Lynch & Co., Inc. Multinational Scholar Charitable Trust 1907 The Goldman Sachs Foundation Myers Kauppila Family Foundation OppenheimerFunds Foundation $2,000,000 + Scaife Family Foundation Shelby Cullom Davis Foundation Harry & Jeanette Weinberg Foundation Microsoft Corporation Whitehead Foundation Arthur & Rebecca Samberg William Zimmerman Foundation $1,000,000 + $500,000 + Argidius Foundation Advanced Network & Services Coleman Foundation Dwight Anderson Kathryn Davis CA, Inc. Goldhirsh Foundation Carson Family Charitable Trust Vira I. Heinz Endowment Diana Davis Spencer Charles G. Koch Charitable Foundation Goldman Sachs & Co. David H. Koch Charitable Foundation Landon Hilliard Ewing Marion Kauffman Foundation F.M. Kirby Foundation Koch Industries, Inc. John S. and James L. Knight Foundation MCJ Foundation/Amelior Foundation NASDAQ Educational Foundation McKinsey & Company Louis & Harold Price Foundation Samberg Family Foundation 19

Slide 20: Major Donors $250,000+ $100,000+ (cont) $100,000+ (cont) Babson College Bruce & Marjorie Calvert Geoffrey S. Rehnert Charitable Fund Bank of America Charitable Fdn Cooley Godward, LLP SAP America, Inc. Jay & Doris Christopher Fdn Castle Rock Foundation Seedlings Foundation CIBC World Markets Corp. USA Arthur & Carlyse Ciocca Shoreland Foundation Citigroup Foundation Cowie Family Charitable Trust William E. Simon Foundation Nathan Cummings Foundation Joseph A. DiMenna Small-Alper Family Foundation Dunn Family Charitable Fdn William A. Douglass, III Southern Management Corporation First Republic Bank Corp. Lawrence Field State Street Corporation Freddie Mac Foundation Fight for Children Aaron Straus & Lillie Straus Fdn JPMorgan Chase Foundation Paul & Phyllis Fireman Charitable Vitale, Caturano & Company, PC James R. Lyle & Tracy L. Nixon Fdn Karen & Michael Vlock Morgan Stanley Gabilan Foundation Lulu Wang Princess House Gap Foundation World Trade Center Business Recovery Prudential Foundation Hewlett-Packard Company Grant Program Smith Barney Irish Youth Foundation York Family Fund Verizon Foundation Bob & Karen Jones Zell Family Foundation K2 Advisors $100,000+ Kimberly F. Lamanna Achelis & Bodman Foundations Ronald McDonald House Charities Eugene & Agnes E. Meyer Alcoa Foundation Foundation Allied Capital Corporation AOL LLC Henry E. Niles Foundation Picower Foundation Artistic Impressions, Inc. Putnam Investments Arthur M. Blank Family Foundation Booth Ferris Foundation Morris & Gwendolyn Cafritz Fdn 20

Slide 21: Photos from around the world 21