CHICAGO, March 27, 2019 /PRNewswire/ -- CME Group
Foundation will award $1.88 million
in new grants to support early math education programs for young
children from low-income communities in Illinois. These grants will be used for
programs throughout the next two school years.
Grantees were selected as part of CME Group Foundation's Early
Math Initiative, designed to provide educators with the knowledge,
confidence and tools to teach and inspire children from infancy
through elementary school about the world of mathematics. These
grants bring Early Math Education Initiative funding to a total
investment of $10.8 million since the
program's inception in 2009.
CME Group Foundation launched its Early Math Education
Initiative to aide underserved Illinois communities and as part of its
efforts to advance the economy by supporting education from cradle
to career. The initiative bolsters professional development for
teachers of young children, improves family engagement in the
learning of young children and aims to influence early childhood
mathematics policies. According to the Illinois State Board of
Education, nearly half of Illinois
children ages 3-17 live in low-income households and just 31
percent of eighth graders enrolled in an Algebra 1 course last year
received a passing grade.
"It is crucial to our economy that all children have access to
quality math education," said Kassie
Davis, Executive Director of CME Group Foundation. "We are
proud to fund educational initiatives that elevate underserved
communities because supporting educators that impact our youth at
vital stages of development and ensuring access to learning tools
for children who need it most, is an important investment in the
future."
"CME Group Foundation's vision and willingness to do the extra
work of bringing partners together has really moved the needle here
in Illinois and we are so
grateful," said Jennifer McCray of
Erikson Institute's Early Math Collaborative. "Because of the
contributions of the foundation and other like-minded funders, we
have not only affected the lives and learning of thousands of
children, but there is now more interest and infrastructure to help
sustain the work."
For more information about CME Group Foundation, please visit
the website: www.cmegroupfoundation.org. A complete list of
beneficiaries follows:
- Academy of Urban School Leadership
- Big Shoulders Fund
- Chicago Children's Museum
- Children First Fund of Chicago
Public Schools Foundation
- Decatur Public Schools
Foundation
- DePaul University
- Erikson Institute
- Governors State University
- Kohl Children's Museum of Greater
Chicago
- McKendree University
- Teach for America Chicago
- University of Chicago STEM Ed
- University of Illinois at
Chicago
- University of Illinois Chicago
About CME Group Foundation
CME Group Foundation works to advance the economy by supporting
education from cradle to career. The Foundation partners with
universities, school districts, charter networks and non-profit
organizations that work to ensure at risk young children are
prepared for kindergarten; provide effective K-12 education that
prepares disadvantaged students for success in college and career;
prepare university students for careers in financial services and
risk management. The Foundation was created in 2008 and endowed
with a gift of $16 million from the
Chicago Mercantile Exchange Trust, which was established by CME in
1969 to provide financial protection to customers in the event a
CME member firm became insolvent or unable to meet its obligations
to its customers.
About CME Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property
CME-G
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SOURCE CME Group Foundation