Our response to the COVID-19 pandemic
At SecureFutures, we are deeply committed to the health and safety of our students, education partners, volunteers, employees, and the community around us. We believe it is crucial to do our part to help stop the spread of COVID-19. In accordance with current state guidelines and school closures, we have cancelled all in-person financial education programs until host school districts and community organizations resume classes and programming.
We won’t know the full social and economic ramifications of this crisis for a long time. One thing we know, however, is that those who were already underserved and vulnerable to financial insecurity are being hardest hit. This means that our mission, to equip teens with the knowledge and tools to take ownership of their finances, is more important than ever. In this time of economic uncertainty, teaching teens how to manage money well will be vital in keeping families and communities economically secure.
The SecureFutures team adapted quickly, finding creative ways to continue our connections to our school and community partners and provide the necessary tools to successfully support students in the new online learning environment. We reached out to all our partners to offer access to Money Path, our academic, career and financial planning software application, as well as other financial education resources, as content options for educators to use for online instruction. While our volunteers are not able to be in the classrooms, we are so happy to still serve as a resource for educators. Since the beginning of April, we have been able to provide these online resources to 35 teachers and over 650 students through our education partners.
We are continuing to disperse the remainder of the scholarship funds to students who were participating in our Money Coach program before in-person sessions were cancelled. We feel that this is the responsible and necessary thing to do, especially since our Money Coach students are typically from the vulnerable population that is being most significantly impacted by the current crisis. Our Money Coach program staff and volunteer mentors have also been actively reaching out to the teens in the program, acting as a support and resource at a time when it’s greatly needed, and we have now begun virtual sessions between teens and their coaches to continue that connection. In response to a recent survey, 87% of teens currently participating in the program said they are applying what they learned during the pandemic, and 83% said that the support of the Money Coach mentors and staff have been helpful to them during this time.
Our annual Investment Conference, originally scheduled for May 14th, has been rescheduled for September 14th.
Now more than ever, teens will need SecureFutures’ programs to become financially capable and own their financial futures. We are so grateful for the ongoing support of our supporters and community in this necessary and life-changing work.