Citi Donates $25,000 for Financial Empowerment

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Article by: Mona M. Rock, rockmm@pgcc.edu

LARGO, Md.—Prince George's Community College Foundation, Inc. has been awarded a $25,000 grant from the Citi Foundation to support the Financial Integration through Virtual Education (FIVE) Works program. The grant will fund a study of common financial challenges faced by Prince George’s Community College (PGCC) students. An analysis of this research will be used to develop an educational DVD that explains funding options available to students and improves their financial literacy. In addition to the DVD, the FIVE Works program will incorporate social media engagement and classroom instruction.

“The college’s longstanding partnership with Citi has led to the development of industry-honored programs over the years,” said Brenda Mitchell, executive director of Institutional Advancement at PGCC. “We believe the FIVE Works program is another award-winning caliber initiative that will lead to fruitful outcomes for our students and campus community,” she added.

By November 2012, student participants will report on how at least one of the five virtual modules have helped to increase their understanding of financial literacy, or they will submit a plan that includes three financial goals for graduating with an associate degree or transferring to a four-year college.

“This is an innovative and impactful way to build on our commitment to expanding economic empowerment and financial capability,” said Sheldon Caplis, regional director for Citi Community Development. “The involvement of students in the process will benefit them tremendously, and of course this initiative will yield a resource that will be useful to many others,” he added.

For more information about the FIVE Works program, call 301-546-0858.

The Citi Foundation is committed to the economic empowerment of individuals and families, particularly those in need, in the communities where people work so that they can improve their standard of living. Globally, the Citi Foundation targets its strategic giving to priority focus areas: Microfinance and Microenterprise, Small and Growing Businesses, College and Careers, and Financial Capability and Asset Building. In the United States, the Citi Foundation also supports Neighborhood Revitalization programs. The Citi Foundation works with its partners in Microfinance and Microenterprise, Small and Growing Businesses, and Neighborhood Revitalization to support environmental programs and innovations. Additional information can be found at www.citifoundation.com

Prince George’s Community College is a National Center of Academic Excellence in Information Assurance Two-year Education designated by the National Security Agency and the Department of Homeland Security (2010-2015). Established in 1958, Prince George’s Community College provides transfer and career programs that help students transfer to four-year colleges and universities and prepare them for the workforce. Each year, 40,000 students take part in more than 200 academic programs and workforce development and continuing education courses. Located in Largo, Maryland, Prince George’s Community College has additional sites at Joint Base Andrews, University Town Center in Hyattsville, Laurel College Center, Westphalia Training Center in Upper Marlboro and the Skilled Trades Center in Camp Springs. For more information, visit the college website at www.pgcc.edu.