Commonwealth Bank Foundation

Helping young people lose the L plates when it comes to money

1921: The financial literacy quest begins

Commonwealth Bank Foundation

The Commonwealth Bank Foundation seeks to encourage developments in education, particularly the financial literacy skills of all young Australians.

It aims to create awareness, skill and understanding of the benefits of a more financially literate community.

Australian Financial Literacy Assessment

Measures the financial literacy skills of 50,000 Year 9 and 10 students across Australia (13% increase on 2005).

48 multiple choice questions, 50 minutes to complete.

Financial Literacy Curriculum Resource

To support and assist teachers to improve the knowledge, skills and understanding of their students in the area of financial literacy.

Mapped to curriculum and learning outcomes 8 different resources (states/territories) Applicable for Years 7 to 10 Free, available online at www.commbank.com.au/foundation and now also on CD-ROM

Financial Literacy and e-Learning Grants Programs

To devise and implement a program to develop and/or improve financial literacy skills, awareness and understanding of students in Years 7 to 12. 70 grants of $5,000 for primary schools 100 grants of $3,500 for secondary schools $2 million in grants since 2002

StartSmart Youth Financial Literacy Forums

Workshops and forums for young people, their parents and teachers in cities and rural/regional areas.

Commonwealth Bank Speakers Program

Trained Bank representatives visit schools and deliver a choice of four 45 minute modules:

Earning an Income (years 9 and 10) Bank Accounts (years 9 and 10) Managing your Money (years 9 and 10) Investing (year 11)

New partnersNew audiences

A new approach to financial literacy