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Introduction To Make A Difference Wisconsin 1


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Introduction and overview of Make A Difference - Wisconsin

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Introduction To Make A Difference Wisconsin 1

  1. 2. Our Mission The Make A Difference -Wisconsin mission is to enrich our community by empowering students to make sound personal financial decisions.
  2. 3. Times have changed <ul><li>50% of Americans are living paycheck to paycheck </li></ul><ul><li>40% of Americans are living beyond their means </li></ul><ul><li>The average household’s credit card debt is $8,565, up almost 15% from 2000 </li></ul><ul><li>Today, the average 50-year-old has only saved $2,300 for retirement </li></ul><ul><li>– American Bankruptcy Institute, Federal Reserve Board and other national experts </li></ul>
  3. 4. Workplace impact <ul><li>The #1 cause of stress in the workplace is personal finance. - USA Today </li></ul><ul><li>More than 40% of employees say stress over personal finances negatively impacts work productivity . </li></ul><ul><li>- Garman, Leach & Grable </li></ul><ul><li>Employees with credit delinquencies waste 20+ hours a month dealing with personal finances. </li></ul><ul><li>- Study conducted by the Center for Financial Well-Being </li></ul>Employees with financial problems impact attendance, turnover, focus, relationships, and productivity.
  4. 5. Their future . . . our future <ul><li>College graduates with minimal debt </li></ul><ul><li>Responsible renters or home owners </li></ul><ul><li>Capable parents </li></ul><ul><li>Valuable employees </li></ul><ul><li>Prepared retirees </li></ul>Today’s teens are tomorrow’s citizens and workforce…and they need solid personal financial skills to become:
  5. 6. Imagine . . . <ul><li>A generation of Wisconsin residents who are prepared financially to own their first home </li></ul><ul><li>Young entrepreneurs who have the means to start their own businesses </li></ul><ul><li>Hard working adults who are able to weather an economic downturn or a job loss </li></ul><ul><li>And, 45 years in the future, a large majority of people looking forward to a comfortable retirement </li></ul>
  6. 7. The MAD-WI program Three-part course: Bank Your Future Check It Out To Your Credit
  7. 8. Bank Your Future <ul><li>The concept and benefits of budgeting </li></ul><ul><li>How to prepare and use a budget </li></ul><ul><li>What is taken out of your paycheck? </li></ul><ul><li>Ways to save money </li></ul><ul><li>How money can grow </li></ul><ul><li>The benefits of saving early </li></ul><ul><li>Types of savings/investment products </li></ul>
  8. 9. The Benefits of Saving Early <ul><li>Kelly </li></ul><ul><ul><li>Starts at age 22 </li></ul></ul><ul><ul><li>Saves $100 per month for 10 years ($12,000) </li></ul></ul><ul><li>John </li></ul><ul><ul><li>Starts at age 35 </li></ul></ul><ul><ul><li>Saves $100 per month for 30 years ($36,000) </li></ul></ul><ul><li>The interest rate is 8% compounded annually. </li></ul><ul><li>Who will have more money at age 65? </li></ul>
  9. 10. The Benefits of Saving Early
  10. 11. “ Because of this program, I feel better prepared for the future.” Riverside University High School student
  11. 12. Check It Out <ul><li>How to open a checking account </li></ul><ul><li>Bank fees </li></ul><ul><li>Check cashing store vs. a checking account? </li></ul><ul><li>How to write a check </li></ul><ul><li>How to keep records </li></ul><ul><li>Identity Theft - how to protect yourself </li></ul>
  12. 13. “ I believe (this) is a good program for young people because some students don’t receive this at home.” Destiny High School Student
  13. 14. To Your Credit <ul><li>What is credit </li></ul><ul><li>How does a credit card work and what does it cost? </li></ul><ul><li>Using credit responsibly </li></ul><ul><li>What is a credit report & how is it used </li></ul><ul><li>What is a credit score & how it is used </li></ul><ul><li>How your credit score affects your ability </li></ul><ul><li>to buy a car or get a home mortgage </li></ul><ul><li>How to start building a good credit history </li></ul>
  14. 15. Credit Cards – the cost If the minimum payment is made: 6 15 10
  15. 16. Does Good Credit Matter?
  16. 17. “ Thanks for the help because I learned how to use money and credit the right way before I turn 18.” Kilmer High School student
  17. 18. Who we reach <ul><li>Target: </li></ul><ul><li>11 th and 12 th graders </li></ul>
  18. 19. Participating Schools MPS and Affiliated Schools MPS and Affiliated Schools Alliance High School (charter) Assata Alternative High School Bay View High School Bradley Tech High School Carmen HS (Choice School) CITIES Project High School (charter) Custer High School Downtown Institute of Arts and Letters
  19. 20. Participating Schools MPS and Affiliated Schools MPS and Affiliated Schools (cont.) El Puente High School (charter ) Foster & Williams High School Genesis High School (charter) Grandview High School (Seeds of Health) Hamilton High School Kilmer High School Lady Pitts High School Madison High School
  20. 21. Participating Schools MPS and Affiliated Schools MPS and Affiliated Schools (cont.) Marshall Montessori High School Metropolitan High School Milw. Academy of Aviation, Science and Tech. Milw. African American Immersion High School Milwaukee Business High School Milwaukee High School of the Arts Milwaukee School of Entrepreneurship New School for Community Service
  21. 22. Participating Schools MPS and Affiliated Schools MPS and Affiliated Schools (cont.) Northwest Secondary School Professional Learning Institute (charter) Pulaski High School Riverside University High School Ronald Reagan High School (charter) Rufus King High School South Division High School Truth Institute Vincent High School
  22. 23. Participating Schools MPS and Affiliated Schools MPS and Affiliated Schools (cont.) W.E.B. DuBois High School Washington Expeditionary Learning HS Washington IT High School Washington LEAPS High School Wings Academy Wisconsin Career Academy (charter) Wisconsin Conservatory of Lifelong Learning
  23. 24. Participating Schools MPS and Affiliated Schools Other Milwaukee Schools CEO Leadership Academy Destiny High School Hope School Messmer High School Pius Xi High School St. Joan Antida High School Tenor High School (Seeds of Health) Wisconsin Institute of Torah Studies
  24. 25. Participating Schools MPS and Affiliated Schools Suburban Schools Brookfield East High School Franklin High School Greendale High School Kettle Moraine High School Oak Creek High School
  25. 26. Partner Organizations A-B Credit Union ACTS - CDC ALM Realty AT&T Acorn Financial Group Affiliated Mortgage Corp. Affordable Health and More Anchor Bank Anderson Roethle, Inc. Annex Wealth Management Associated Bank Aurora Family Services Bank Mutual Bret Goodman Marketing Brown-Beasley Accounting, LLC CB Richard Ellis Catholic Family Life Insurance Century 21,Herget & Plavsic CFA Society of Milwaukee Chase Bank Citigroup Smith Barney Citizen Bank of Mukwonago City of Milwaukee Coldwell Banker Compass Properties Continental Savings Bank Countrywide Funding, Inc. Craig Realty, Inc.
  26. 27. Partner Organizations (cont.) Deloitte Tax, LLP Devo Properties Digital Measures Eddie Z’s Educators Credit Union Edward Jones Investments Elite Properties EMSBLA Credit Union The Equitable Bank Ferrici & Associates Financial Resource Services First Choice Mortgage First Realty GMAC First Weber Group Foley & Lardner, LLP The Foss Group GE Healthcare Generation Growth Capital Gerdes Investment Strategies Godfrey & Kahn, S.C. Great Lakes Higher Education Corp. Great Midwest Bank Greater Milw. Assoc. of Realtors Guaranty Bank Harley-Davidson Harris Bank Homesale Realty, Inc. Home Vestors
  27. 28. Partner Organizations (cont.) Homebuyer Associates Homes by Towne of Wisconsin Homestead Realty, Inc. Independent Care Health Plan Inland Companies Internal Revenue Service JF & Associates, Inc. Johnson Controls, Inc. Kohlenberg Consulting, LLC LaCausa, Inc. Landaas & Co. Investment Landmark Development Realty Liberty Financial Group Lubar & Company M & I Bank M & I Wealth Management M & M Office Furniture MATC MBO Cleary Advisors MGIC MPS Financial MW Bank Mandel Group Sales Marquette University McSherry Anderson, LLC MidAmerica Bank MillerCoors Milwaukee Bar Association
  28. 29. Partner Organizations (cont.) Milwaukee Development Milwaukee Fire Department Milwaukee Police Department Milw Metro Sewerage District Milw. Univ. Grad. School Coop Minnie Services, LLC Morgan Stanley Mortgage Bankers of WI Mason Wells Northern Oak Capital Northshore Bank Northwestern Mutual Ogden Realty Optique Capital Management PMG Educational Services, Inc Palermos PKWare Inc. Priority Mortgage Promotional Marketing Group Quarles & Brady Realty Executives Integrity Realty Executives Metro Remax Integrity Rockwell Automation Robbins & Lloyd Mortgage RPG Construction Sattell, Johnson, Appel Schaeffler Group USA
  29. 30. Partner Organizations (cont.) Scribner, Cohen & Company Security Insurance Service, Inc. Security Lending Group, LLC Shakespeare Wealth Management Shorewest Realtors Smith Barney Smith Realty State of Israel Bonds Stefaniak Group Stupar, Schuster & Cooper, SC Summit Credit Union SVA Wealth Management TCF Bank Trans Union, LLC Trustworthy Homes Trykor, Inc UBS Financial Services, Inc. US Bank Universal Housing Systems Universal Real Estate Services UW Extension UW-Milwaukee Virchow, Krause & Co. LLP WaterStone Bank Waukesha State Bank We Energies
  30. 31. Partner Organizations (cont.) Wells Fargo Advantage Funds Wells Capital Management Whyte Hirschboeck Dudek, S.C. Wisconsin Mortgage Corp. World Financial Group Ziegler Capital Management
  31. 32. Our accomplishments MPS and Affiliated Schools In our first three years, 555 volunteers have signed on to deliver the program 58 high schools have participated and we have reached more than 10,000 students!
  32. 33. Our accomplishments Proud recipient of the 2008 Governor’s Financial Literacy Award
  33. 34. Our Impact MPS and Affiliated Schools What are students DOING with what they learn? 10 of 41 28 of 58 9 of 14 51 of 58 40 of 58
  34. 35. Our Goals for 2009/2010 <ul><li>Expand programming to more schools </li></ul><ul><li>in the Greater Milwaukee area </li></ul><ul><li>Reach 6,000 students during the </li></ul><ul><li>2009/2010 school year </li></ul><ul><li>3. Engage 200 new volunteers </li></ul><ul><li>Present the opportunity to new </li></ul><ul><li>investors and expand funding sources </li></ul>MPS and Affiliated Schools  
  35. 36. Our Generous Contributors MPS and Affiliated Schools                                                                                                                                                                                                                                                                                                                                                                                                                            
  36. 37. Our Generous Contributors MPS and Affiliated Schools     ANON Charitable Trust Ralph Evinrude Foundation                                                                                                                                                                                                                                                                                                                                                                                                                         EverydayPhilanthropists of Greater Milwaukee    
  37. 38. Our Generous Contributors MPS and Affiliated Schools     Mosher Family Foundation Stackner Family Foundation Elizabeth A. Brinn Foundation Weiss Family Foundation Helfaer Foundation Steigleder Charitable Trust                                                                                                                                                                                                                                                                                                                                                                                                                         EverydayPhilanthropists of Greater Milwaukee    
  38. 39. MAD-WI Board of Directors MPS and Affiliated Schools Officers: President: Lloyd Levin Vice President: Murray Friedman Associated Bank Secretary: Joseph Schlidt M&I Wealth Management Treasurer: Howard Schnoll RBC Dain Rauscher  
  39. 40. MAD-WI Board of Directors MPS and Affiliated Schools Wayne Breitbarth, M&M Office Interiors Robert Bukowski, Alpha Investment Consulting Group Jill Desmond, Milwaukee Symphony Orchestra Linda Edmondson, GE Healthcare William Hotz, Retired Attorney Nina V.A. Johnson, Guaranty Bank Meridee Maynard, Northwestern Mutual Peggy Partenfelder Moede, PPM Capitol Group David Polk, City of Milwaukee  
  40. 41. MAD-WI Advisory Council <ul><li>William Andrekopoulos, MPS </li></ul><ul><li>Curt Culver, MGIC </li></ul><ul><li>Eddie Doucette, MACC Fund </li></ul><ul><li>Michael Falbo, Associated Bank </li></ul><ul><li>Jeff Fleming, Kingston Crossing </li></ul><ul><li> </li></ul><ul><li>Frank Gimbel, GRGB Law </li></ul><ul><li>Gerald Levy, Guaranty Bank </li></ul><ul><li>David Mancl, WI DFI </li></ul>Marc Marotta, Foley & Lardner Mark Sabljak, Business Journal Mark Sain, MKE Fire Dept. Carlos Santiago, UW-M Delores Sims, Legacy Bank Dan Steininger, BizStarts MKE Robert Wild, S.J., Marquette U. Anne Zizzo, Zizzo Group