Boys & Girls Clubs of America and Charles Schwab Foundation Choose Megan Wurm of Sparks, Nevada, to Serve as 2011 National Money Matters Ambassador

Ambassador Will Promote the Benefits of Financial Education to Teens Nationwide

Thursday, April 7, 2011 6:00 am PDT

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SAN FRANCISCO

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"My Money Matters teacher taught me that scholarships are given for every reason under the sun, and if you keep at it you can find many scholarships you never even knew existed"

SAN FRANCISCO--(BUSINESS WIRE)--Eighteen-year-old Megan Wurm of Sparks, Nev., has been named the fourth annual National Ambassador for the Money Matters: Make it CountSM program provided by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation. The National Ambassador serves as spokesperson for the program and is charged with promoting financial education for teens as the basis for lifelong financial health and well-being.

Through Wurm’s experience with Money Matters in middle school, the current high school senior and longtime member of Boys & Girls Club of Truckee Meadows gained a deeper understanding of personal finance and how to apply her knowledge for financial gain.

“I thought I knew a lot about budgeting and paying for college, but Money Matters taught me so much more. Before Money Matters, I had never really thought about handling my finances on my own. Now I’m much more confident that I’ll be able to make the right decisions,” she said. “In addition to the modules on saving for college and investing, the module on budgeting was the most impactful for me.”

The first application of what Wurm learned in the program was to save $4,000 in one summer toward the purchase of a car. In fact, her new budgeting skills made such a big impression that her parents started a budget of their own.

She also gained valuable insights into how to fund her future college education.

“My Money Matters teacher taught me that scholarships are given for every reason under the sun, and if you keep at it you can find many scholarships you never even knew existed,” she said. “Before you know it, college is paid for! Even though I took Money Matters in middle school, the lessons I learned have had a lasting effect on me and my family.”

Along with the title of National Money Matters Ambassador, Wurm will receive a $5,000 college scholarship from Charles Schwab Foundation. She has been accepted to Washington State University, a school she had set her sights on since she was a small child, and she looks forward to beginning her freshman year in the fall. Boys & Girls Club of Truckee Meadows will additionally receive a matching grant of $5,000 from Charles Schwab Foundation to help fund the Club’s work in providing Money Matters to Club youth.

Nineteen other Boys & Girls Club teens are also being awarded Money Matters scholarships for their achievement in acquiring and applying personal finance knowledge and skills. Of those, 14 will receive $2,000 scholarships. The four other scholarship recipients were finalists for the National Ambassador title and will receive $2,500, and their Clubs will receive matching grants of $2,500 each.

The importance of a national ambassador

“It’s quite an honor to receive this award, since the National Ambassador serves as an important role model in helping other teens understand how to manage money,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “The torch now passes to Megan to serve as an advocate for financial education and an inspiration to other teens across the country.”

Money Matters is one of the most essential programs we offer teens at Boys & Girls Clubs,” said BGCA President and CEO Roxanne Spillett. “So often we hear stories of Club teens not only applying the lessons they’ve learned through the program for themselves, but also extending them to their peers and their families, making it a true, generation-changing program.”

Full list of the 19 additional Money Matters college scholarship recipients:

Desiree Adame     Boys & Girls Clubs of Greater Scottsdale (Arizona)
Octavious Andrews Boys & Girls Clubs of Metro Atlanta (Georgia)
Santee Ball Boys & Girls Clubs of Metro Atlanta
Kainen Bell* Boys & Girls Clubs of South Puget Sound (Tacoma, WA)
Danielle Cureton Children’s Aid Society Boys & Girls Club (New York, NY)
Samantha Dibbern Boys & Girls Clubs of Tucson (Arizona)
Casey Figurski Boys & Girls Clubs of Greater Scottsdale
Javier Frayre* Boys & Girls Clubs of Carson (California)
Megan Goff MCAS Miramar Youth & Teen Services (San Diego)
Mikheala Hill* Boys & Girls Clubs of Greater Kansas City
Tevin Hillard Boys & Girls Clubs of Sarasota County (Florida)
Alexandra Hughes Boys & Girls Club of Ridgefield (Connecticut)
Cassie Jaquez Aztec Boys & Girls Club (Aztec, New Mexico)
Caitlyn Knapp Naples, Italy Navy Youth Center
Stephanie Ortiz* Boys & Girls Club of Woburn (Massachusetts)
Anjali Quinones Boys & Girls Clubs of Hartford (Connecticut)
Nick Tucker Boys & Girls Clubs of Middle Tennessee (Nashville)
General Washington Children’s Aid Society Boys & Girls Club
DeAndrea White Boys & Girls Clubs of Metro Atlanta
 
* Ambassador Finalist

About Money Matters: Make It Count

Funded by Charles Schwab Foundation, Boys & Girls Clubs of America’s Money Matters program is designed to promote money management skills among teens, ages 13-18. The program consists of fun, interactive activities and exercises on topics such as using a checking account, managing debt, saving for college and learning the basics of investing. The program is available to the 2,900 Boys & Girls Clubs that serve teens and is targeted primarily at teens from underserved communities. Since it was launched in 2004, more than 245,000 teens in 1,600 Boys & Girls Clubs across the U.S. have gone through the program. Since 2004, Charles Schwab Foundation has presented a total of $390,000 in college scholarship grants to 187 Boys & Girls Club teens, ages 16-18, who demonstrated exceptional financial skills from their newly acquired knowledge of personal finance.

About Boys & Girls Clubs of America

For more than 100 years, Boys & Girls Clubs of America (www.bgca.org) has changed and saved lives, enabling young people to achieve great futures as productive, caring, responsible citizens. Today, some 4,000 Boys & Girls Clubs serve some 4 million children and teens through Club membership and community outreach. Clubs are located in neighborhoods throughout the country and on U.S. military installations worldwide, providing a wide variety of youth development programs conducted by trained, professional staff. Key programs emphasize academic success, good character and citizenship, and healthy lifestyles. In a Harris Survey of alumni, 57 percent said the Club saved their lives. National headquarters are located in Atlanta.

About Charles Schwab Foundation

Charles Schwab Foundation is a private, nonprofit organization funded by the Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy, and volunteerism. More information is available at www.aboutschwab.com/community. (0411-2413)

Photo caption

Eighteen-year-old Megan Wurm of Sparks, Nev., is the new National Ambassador for the Money Matters: Make it CountSM personal finance program provided by Boys & Girls Clubs of America and Charles Schwab Foundation.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6674484&lang=en

Contact:

Boys & Girls Clubs of America
Adam Guy, 404-487-5916
aguy@bgca.org
or
Charles Schwab
Sarah Bulgatz, 415-667-0328
sarah.bulgatz@schwab.com
or
CRT-Tanaka
Katie Peterson, 310-659-5380
kpeterson@crt-tanaka.com

Multimedia Files:

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Eighteen-year-old Megan Wurm of Sparks, Nev., is the new National Ambassador for the Money Matters: Make it Count(SM) personal finance program provided by Boys & Girls Clubs of America and Charles Schwab Foundation. (Photo: Business Wire)

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