As part of its commitment to serve the community, TIAA Bank has teamed up with EVERFI, an international education and technology company, to sponsor the EVERFI National Financial Bee. The first-of-its-kind nationwide financial literacy challenge is designed for students in grades 7-10 and will take place digitally, Monday, April 20, through Friday, April 24.
As families across the country struggle to balance work, childcare, and homeschooling amidst widespread school closures driven by the COVID-19 pandemic, the National Financial Bee provides an opportunity for students to have fun and learn critical financial concepts at home.
The five-day challenge, created by EVERFI, and supported by leading financial institutions nationwide, features a short daily digital lesson and capstone essay contest in which students will share a financial dream of theirs and how they plan to achieve it. Students compete to win a $10,000, $6,000 and $4,000 college scholarship.
"In this uncertain time, TIAA Bank is especially committed to engaging its communities, increasing financial literacy and driving impactful change," said Joseph Hernandez, TIAA Bank SVP and CRA Officer. "We are proud to support parents and students at this time through the National Financial Bee and hope it helps drive dinner-table conversations about important financial topics, not just during Financial Literacy Month, but throughout the year."
During each day of the challenge, participating students will gain new skills to create a personalized financial decision-making framework that they can apply to their lives now and in the future. Topics include spending and saving, credit and debt, employment and income, investing, and insurance.
"Across the country, families are facing unprecedented uncertainties and challenges. Parents are dealing with the loss of income or are adjusting to working from home, while students are trying to continue their studies outside of the classroom," said Ray Martinez, founder, and president, EVERFI. "We’ve always been committed to helping students increase their financial literacy, and during this historic time we are also working to help parents feel secure -- and help students stay engaged. The National Financial Bee is a fun way for students to compete with their peers while social distancing."
In addition to supporting the National Financial Bee, TIAA Bank works with EVERFI to provide the "TIAA Bank Money Matters" financial literacy program to schools throughout the United States and Puerto Rico.
To learn more about the National Financial Bee, visit https://tiaa.everfi-next.net/welcome/national-financial-bee. Complete terms and conditions may be found at https://everfi.com/contest-details/.
About TIAA Bank
As a part of TIAA’s Retail & Institutional Financial Services business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. More information on TIAA Bank can be found at TIAABank.com.
About EVERFI, Inc.
EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 41 million learners globally. Recognized as one of the World's Most Innovative Companies by Fast Company in 2020, EVERFI powers community engagement in a sustained manner to empower individuals and organizations to make an impact within their communities. The Company also convenes Networks to bring together financial institutions, colleges, and universities, and some of the largest corporations to leverage insights and connections to drive impact. Some of America's leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, as well as Advance, Rethink Education and Rethink Impact. To learn more about EVERFI visit everfi.com or follow us on Facebook,Instagram, LinkedIn, or Twitter @EVERFI.
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