Capital One and Junior Achievement Named as Winners of U.S. Chamber Corporate Citizenship Partnership Award
MCLEAN, Va.--(BUSINESS WIRE)--Nov. 9, 2006--Today, Capital One Financial Corporation (NYSE:COF) and Junior Achievement Worldwide(TM) (JA) were recognized by the Business and Civic Leadership Center of the U.S. Chamber of Commerce with the award of its inaugural Corporate Citizenship Partnership Award for their work to provide financial literacy training to students across the United States. More than 12,000 online voters visited BCLC's web site in August and September to select the winner of the Partnership Award.
"Business-nonprofit partnerships are emerging as a powerful force for good," said BCLC Executive Director Stephen Jordan. "We congratulate Capital One and Junior Achievement for being the first to win BCLC's Partnership Award."
"Capital One is extremely proud of this award and of our partnership with JA in developing innovative programs to teach the basics of money management to kids in communities across the country," said Richard D. Fairbank, Chairman and Chief Executive Officer of Capital One. "We are very grateful to the Chamber and the community for this recognition of our partnership."
"We are absolutely thrilled and honored to receive the inaugural Partnership Award along with our great friends at Capital One," said David S. Chernow, President and Chief Executive Officer of JA Worldwide. "Through partnerships such as this one, we are able to truly change students' lives and raise awareness of the critical issue of financial literacy among our youth."
Capital One and Junior Achievement developed three programs to teach middle school students about the fundamental concepts of financial literacy and work-related life skills/career development.
Capital One/Junior Achievement Finance Park:
This innovative mobile program is designed to introduce middle school students to money management basics through interactive learning. The program includes a comprehensive classroom curriculum and participation in a day-long simulation at a mobile unit which transforms into a miniature city where students learn how classroom lessons apply to the choices they will make as adults.
JA in a Day:
Hundreds of Capital One associates delivered age appropriate financial literacy simultaneously to multiple classrooms in Richmond, Va. and Washington, D.C. In addition, Capital One associates provided each student with a book to enjoy for summer reading, new book shelves for each of the classrooms, upgraded existing computers with memory modules, and donated cell phones to the teachers to have in the classrooms for emergencies.
Sliding into Succe$$:
In partnership with the Washington Nationals, students developed their own fantasy baseball teams by calculating batting averages using individual player statistics. Students then selected players by evaluating various trade options while staying within a specified budget. Washington Nationals All-Star relief pitcher Chad Cordero visited with students during the program.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company, with more than 342 locations in Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., and Capital One, N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $47.6 billion in deposits and $112.2 billion in managed loans outstanding as of September 30, 2006. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.
About JA Worldwide(TM) (Junior Achievement)
JA Worldwide is the world's largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, JA Worldwide provides in-school and after-school programs for students in grades K-12. JA Worldwide offers educational programs that focus on seven key content areas: business, citizenship, economics, entrepreneurship, ethics/character, financial literacy, and career development. Today, 139 individual area operations reach approximately four million students in the United States, with more than 3.5 million students served by operations in 100 countries worldwide. For more information, visit www.ja.org.
The Business Civic Leadership Center is a 501(c) (3) affiliate of the U.S. Chamber and is dedicated to advancing the positive role of business in society. The U.S. Chamber of Commerce is the world's largest business federation representing more than three million businesses and organizations of every size, sector, and region.
CONTACT: Capital One
Laura White, 804-284-5799
Stephanie Bell, 719-540-6171
SOURCE: Capital One Financial Corporation