MassMutual to Provide More Than $100,000 to Junior Achievement to Expand Financial Literacy Programs

Nov 12, 2015 | News

Elementary and middle school students in 12 communities across the country will benefit

SPRINGFIELD—Massachusetts Mutual Life Insurance Company (MassMutual) today announced that for the third straight year it will provide more than $100,000 to Junior Achievement USA® (JA) to provide financial literacy programs to young people in 12 communities across the United States.

“Learning how to make smart money and education decisions at a young age is one of the biggest influences on future financial success,” said Nick Fyntrilakis, Vice President, Community Responsibility, MassMutual. “We are proud to support Junior Achievement to empower students to take control of their financial future.”

The $107,350 grant will help elementary and junior high school students gain the knowledge and skills they need to help make smart academic and economic choices. This year’s grant will serve schools in 12 locations: Los Angeles; Savannah and Atlanta, Ga.; New Jersey; Las Vegas; Rochester, N.Y.; Jacksonville, Fla.; Austin, Texas; Washington D.C.; Springfield, Mass.; Memphis, Tenn.; and Baltimore, Md. Additionally, MassMutual representatives in the 12 communities will serve as JA volunteers, teaching the JA curriculum and sharing their personal and professional experiences with students.

Jack E. Kosakowski, president and chief executive officer of Junior Achievement USA, added, “We are thrilled to work with MassMutual volunteers who will share their professional expertise to help young people learn how to be financially responsible and successful.”

In 2014, MassMutual supported JA by facilitating financial education for more than 1,500 students in eight communities across the U.S. Ninety-seven percent of teachers who participated in the program believed it had a positive impact on students, with one educator sharing, “It provided them with an in-depth learning opportunity, with resources and experts from our community, that they would not get otherwise.” Another teacher explained, “Students were thinking about how the content being covered applied to them and how they could use what they already know to make more learning connections.”

About MassMutual
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policy owners. The company has a long history of strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policy owners consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

About Junior Achievement USA® (JA)
Junior Achievement is the world’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provides relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness and entrepreneurship. Today, JA reaches more than 4.5 million students per year in 115 markets across the United States, with an additional 5.8 million students served by operations in 120 other countries worldwide. Visit www.ja.org for more information.

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