The Washington Trust Company has been awarded the 2018 Financial Capability Innovation Award by EverFi Inc. and its Financial Capability Network for the bank’s commitment to empowering youth through financial literacy and its support of the innovative EverFi learning platform, which the Bank introduced into Providence high schools earlier this year. Rhode Island State Treasurer Seth Magaziner presented Washington Trust Chairman and Chief Executive Officer, Edward O. “Ned” Handy III, with a proclamation in recognition of the award.
“We are honored to receive recognition for our financial literacy program from both EverFi and the General Treasurer’s Office,” said Handy. “Washington Trust is dedicated to meeting the financial needs of the communities we serve, and this program provides high school students with the tools, skills and education they need to make informed financial decisions in the future.”
Handy and state Treasurer Magaziner worked closely to bring the EverFi program into Providence public high schools, joining in a common goal of providing access to effective financial literacy programming across Rhode Island.
“As treasurer, and a former school teacher, I have seen the importance of teaching financial literacy as early as possible,” said Rhode Island State Treasurer Seth Magaziner. “I am pleased to join EverFi in recognizing Ned Handy’s leadership, as Washington Trust has made their support of teaching financial literacy a priority. This collaboration is an excellent example of what community partnerships can achieve.”
Washington Trust has implemented EverFi’s web-based program into six Providence high schools, including; Providence Career & Technical School; Dr. Jorge Alvarez High School; Hope Arts School; Mount Pleasant High School; E-Cubed Academy; and Classical High School, and will be offering it in additional schools starting this fall.
The program is administered by teachers within the classroom, and teaches, assesses and certifies students in a variety of relevant financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401ks and other critical concepts that map to national financial literacy standards.
“Each year, we honor institutions that are truly dedicated to going above and beyond in service to their communities,” said Ray Martinez, EverFi President of Financial Education.
“The Financial Capability Innovation Awards have given us the opportunity to share and celebrate the tremendous investment these institutions are making and continue to make in the communities where they live, work, and serve.”
Pictured at the East Providence branch, from left: Brian Baldizar, assistant principal, Classical High School; Thomas Flanagan, chief academic officer, Providence Public Schools; Zawadi J. Hawkins-Gladstone, principal, Dr. Jorge Alvarez High School; Seth Magaziner, Rhode Island state treasurer; Ned Handy, chairman & CEO, Washington Trust; Christopher Coleman, principal, Mt. Pleasant High School; and Judy Fried, assistant principal, Providence Career and Technical Academy.