Partners are a core reason why MCEE is able to reach more than 2,000 educators and 200,000 students across Maryland each year with personal finance-focused learning experiences. M&T Bank is a perfect example of the perfect partner for MCEE.
M&T Bank is the lead sponsor of MCEE’s Personal Finance Challenge, the engaging academic competition that challenges teams of high school students to learn, demonstrate and apply knowledge of personal finance concepts.
The fit between M&T and MCEE couldn’t be better. M&T works every day to help its customers manage their money. In choosing who to support, they look for organizations doing meaningful work that helps those customers (or future customers!) build the financial skills they need to succeed. In MCEE, they found a true partner - one that, through the Personal Finance Challenge and other programs, is helping build that financial knowledge in topics like income, spending, saving, managing credit, investing, and managing risk. Their significant contributions to the Personal Finance Challenge make this program, and this transformational learning, possible.
Sherrice Davis, M&T Bank’s Vice President/Regional Community Reinvestment Officer said: “The Personal Finance Challenge is valuable as students learn about and prepare for the major milestones that come with adulthood. At M&T Bank, we are committed to providing tools and resources to our communities so they understand the value of money and smart financial choices in their daily lives. We’re proud to partner with MCEE to support Maryland students.”
That support is going a long way to ensuring young people are building the financial skills they need. Through student pre-and-post-test program evaluations, MCEE saw that over the last year, students who participated in the Personal Finance Challenge showed knowledge gains averaging 10-15%.