Colorado implemented Personal Financial Literacy Expectations for preschool through grade 12 in 2008. However, many schools lacked the funding, expertise and resources to implement these standards. So Great-West Financial and Empower identified funding gaps and looked for ways to institutionalize financial literacy education in Colorado. Then we provided grants in those areas.
2011–2013: The company provided grants to nearly 90 Colorado teachers so they could introduce or enhance financial literacy education programs in their classrooms.
2013: We increased our student and teacher reach by expanding our grant program to include Cherry Creek and Jefferson County school districts.
2014: Great-West Financial and Empower further expanded its support to include the 10 school districts below. We also developed best practices that educators could share and implement across the United States.
In addition, Great-West Financial and Empower provided a grant to the Colorado Department of Education to develop K-12 financial literacy resources that could be shared nationwide. These include:
We also exposed students to real-world simulations that demonstrated how financial literacy would affect them throughout their lives.