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The Power of Partnerships

By partnering with other government agencies and the private sector, the Commission and its member agencies can further raise the level of the nation's financial literacy. This section is designed to highlight such partnerships.

On April 17, 2007, the Commission launched the National Financial Education Network of State and Local Governments. The network consists of 60 state governments, local governments, and non-profit organizations that represent state and local governments. The Network allows partners to collaborate on projects and ideas that have a broad impact on financial education at the state and local levels.

Other federal agency efforts to deliver financial education through partnerships include the following programs:

To help adults outside the financial mainstream enhance their money skills and create positive banking relationships, the Federal Deposit Insurance Corporation (FDIC) created the adult training program entitled Money Smart. An alliance of partners including financial institutions, universities, military bases, extension service professionals, adult education providers, community colleges, community-based organizations, and faith-based groups help the FDIC promote the educational program.

The Internal Revenue Service (IRS) partners with non-profit organizations to provide free tax counseling and basic income tax return preparation for senior citizens. As part of its Tax Counseling for the Elderly (TCE) program, the IRS partners with the AARP to offer a Tax Aide counseling program for people age 60 or older. The IRS also offers free tax help for low- to moderate-income people who cannot prepare their own tax returns. It does this through the Volunteer Income Tax Assistance program (VITA), which certifies volunteers from various organizations to receive the proper training to help people prepare basic tax returns.

Money Math: Lessons for Life is a four-lesson curriculum supplement for middle school math classes. Using real-life examples from personal finance to cover key math concepts, the curriculum was developed by the Center for Entrepreneurship and Economic Education at the University of Missouri in St. Louis, as well as 20 partners ranging from Treasury’s Bureau of the Public Debt to the Jump$tart Coalition for Personal Financial Literacy.

Working through land-grant universities and other partners, the Department of Agriculture’s Cooperate State Research, Education, and Extension Services offers programs for youth, financially vulnerable populations, and consumers making financial decisions.

To propose additional financial education partnerships for the Commission to highlight, email FLECpartnershipideas@do.treas.gov. Partnerships highlighted on this page must include the active participation of a Commission agency.

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