Eva Tansky Blum October 3, 2014
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Transcript of Eva Tansky Blum October 3, 2014
PNC FoundationWhy Smart Investments In Public Schools Are Critical to Pennsylvania’s Economic Future
Eva Tansky Blum
October 3, 2014
The New York Times
A Simple Equation:
More Education =
More Income
By Eduardo Porter
Source: Organization for
Economic Cooperation &
Development
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PNC Foundation giving is focused in two primary areas:– Economic Development
Support for arts and cultural organizations
– Education, with an emphasis on early education
The corporate mission is implemented at the local level:– Dollars allocated to each market– Regional Presidents chair market-based distribution committee
Focused Philanthropy – The Mission
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Focus the power of the company around one cause
Develop a meaningful, cutting-edge and measurable program
Involve the entire company in some capacity
Enhance brand preference and appeal
Be recognized by stakeholders as a community leader
Focused Philanthropy – The Vision
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Survey of employees revealed children and education as desired focus
A child’s education between years 0-5 determines a lifetime learning trajectory
Disadvantaged children start kindergarten with significantly lower cognitive skills than their more advantaged peers
Why Early Childhood Education
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Early Childhood Education
Important Cognitive Skills– Self-Control– Openness– Ability To Engage With Others
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James Heckman, Economist
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James Heckman, Economist
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AwarenessVolunteerism GrantsAdvocacy
PNC Leadership PNC Dollars PNC Assets
Issue
Elements
Early Childhood Education
Resources
The Program
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$78 million in math, arts, science, and financial education grants
450,000 volunteerhours by PNC employees
626,000 educational and personal supplies donated
Difference-maker for Children
“In 14 years, I’ve never seen our Head Start program so excited about science.”“We are extremely thankful for the volunteers . . .
The children truly benefit from the individual help and attention.” – Head Start Teachers
Personal Impact
3 million Ready for School kits distributed
2 million children benefited from PNC
grants and programs
135,000 teachers received professional development
Program Impact - Children
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James Heckman, Economist
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Conclusion
In Pennsylvania we should focus on:
- An appropriate funding stream
- A system of quality education that goes from Pre-K through Grade 12
It is essential for our economy
It is essential for our business community
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