St. John’s University is poised to embark upon a historic
undertaking designed to promote a better understanding of the ways
in which financial realities impact everyone within our
At a recent gathering of the St. John’s Corporate and Social
Responsibility Council, Denis M. Hughes, President, New York State
AFL-CIO and New York State Comptroller Thomas P. DiNapoli joined
University administrators in announcing a partnership between the
University and the Teaching Financial Education Group for a planned
National Center for Financial Literacy.
The theme of
financial literacy and capability addresses the unfortunate reality
that a pervasive lack of economic understanding has had a negative
effect on our communities locally, nationally and internationally.
The creation of this unique resource directly reflects St. John’s
mission of helping the underserved, in this case those most
hindered by the lack of financial knowledge.
“The opportunity to create a National Center for Financial Literacy
is made possible because of the willingness of bank executives,
government and labor officials, corporate benefactors and higher
education administrators who are willing to all sit at the same
table and discuss solutions for financial literacy that has
recently been brought to light in our society,” said Jonelle
Bradshaw de Hernandez, Director, Corporate and Foundation Relations
at St. John’s.
In order to have the greatest impact on our society both now and in
the future, the Center is expected to begin the process by
educating students from kindergarten through college.
“It is critical that young people, from childhood on to adult life,
become aware of how to handle money,” noted Jerrold Ross Ph.D.,
Academic Vice President for St. John’s Staten Island campus and
Dean of The School of Education. “It is just as critical,
therefore, that we develop standards for the teaching of financial
The St. John’s Corporate Social Responsibility Council is a
distinguished group of corporate stakeholders who are dedicated to
addressing the educational, environmental and social needs of the
community they serve. The Council includes corporations that are
committed to corporate philanthropy and recognize the opportunity
and importance of aligning with a nationally recognized University
that has been responding to community needs since 1870.