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CITIZENS BANK AWARDS CBC GRANT AND RESOURCES FOR
“SAILING THROUGH FINANCIAL LITERACY” FOR URBAN YOUTH

The Community Boating Center (CBC) has been awarded $5,000 and educational resources from Citizens Bank to continue developing and piloting a "financial literacy" component to enhance the Math content of its STEM (Science, Technology, Engineering, Math) programs.

CBC is the national model for the US Sailing "Reach" initiative, a national STEM curriculum that uses inquiry and experiential based learning to teach STEM concepts. By combining the sport of sailing with a unique educational experience in the world of STEM, CBC has developed real world, hands-on learning that makes these lessons not only more interesting and engaging -- but very unique to an Ocean State learning experience.

Additionally, Citizens Bank has announced a “Get Fin Lit Fit” campaign, employee volunteer opportunities, and educational resources for CBC youth and families. Together with Citizens Bank, we are helping families to get “Get Fin Lit Fit” during Financial Literacy Month. Visit the Citizens Bank Facebook page and check out some great tips that will help you manage your money better.

Go directly to the Citizens Bank resource page:
Citizens Helping Citizens Manage Money

CBC continues to serve as the pilot and national model for the US Sailing "Reach" STEM initiative. CBC has leveraged the success of our high intensity STEM programming to create a new financial literacy education pilot with nautical themed financial lessons in a highly engaging maritime setting. Two new learning "modules" were created to introduce financial literacy to CBC youth sailors and will be shared with sailing centers implementing Reach programs nationwide.

Financial Module 1: Money Matters: Why It Pays To Be Financially Responsible
“ What does it mean to be financially responsible?"
Students explore personal financial choices, learn to make informed financial decisions, and consider what it means to be financially responsible.

Financial Module 2: Researching and Buying a Boat
“How can I turn my dream of owning a boat into reality?”
Students will understand the concept of creditworthiness, research consumer borrowing, and compare various types of boat loans and lenders. Buying a boat is one of the first major financial decisions that many teen and young adult sailors dream about.

This year, with funding, CBC will increase the reach of its financial literacy programs with augmented STEM programming that will include s new financial literacy pilot module and new partner opportunities based on real-world feedback.

John O’Flaherty, Executive Director of CBC, commented “We greatly appreciate the innovative and generous support of Citizens Bank to help leverage the success of our high intensity STEM programming to enhance the financial literacy education component of our curriculum.”

Community Boating Center (CBC) is a non-profit, 501c3 recreational organization offering all members of the community an opportunity to sail and paddle. Located in India Point Park, CBC provides outreach, sailing lessons and affordable access to the Providence waterfront. Gifts of cash or property to CBC may be treated as charitable donations for Federal Tax purposes.

For additional information contact:

John O'Flaherty
Executive Director
Community Boating Center
info@communityboating.com
tel: 401.454.SAIL (7245)