Release Date: February 3, 2014
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SIFMA and the SIFMA Foundation Kick-Off the 11th Annual Stock Market Game™-Capitol Hill Challenge
More Than 16,000 Students from 670 Schools Participate in the SIFMA Foundation Competition to Teach Financial Literacy and Expose Students to Fiscal Policymaking
Washington, DC, February 3, 2014—SIFMA and the SIFMA Foundation today kicked-off the 11th annual Stock Market Game™-Capitol Hill Challenge (CHC). This 14-week challenge organizes teams of high school students by Congressional district and state and teaches the importance of savings and investing, while simultaneously promoting a better understanding of our government.
Student teams invest a hypothetical $100,000 in listed stocks, bonds, and mutual funds and learn the value of saving and investing as they work together to maximize the return of their portfolio. The Top Ten performing teams will be recognized at an awards reception in Washington, D.C. this June.
“We are looking forward watching how all the participants grow and learn in this year’s Capitol Hill Challenge,” said Kenneth E. Bentsen, Jr., SIFMA’s President & CEO. “Our industry is committed to giving students the necessary tools to build a solid foundation of information, so they can one day achieve their financial goals.”
The competition uses the curriculum-based Stock Market Game™, a program of the SIFMA Foundation, to help students develop a better understanding of the global economy, strengthen their personal financial skills, and improve their knowledge of math, economics, and business.
Since the Capitol Hill Challenge began in 2004, nearly 2,200 Members of Congress have engaged in this special version of the Stock Market Game™ Program with more than 61,000 students from schools across the country. High school students from all 50 states are participating in this year’s competition.
To view the weekly updates in the rankings from this year’s participating schools, visit the SIFMA Foundation’s website: http://www.sifma.org/chc/.
About SIFMA Foundation’s Stock Market Game
SIFMA Foundation’s Stock Market Game is a curriculum-based program where student teams in grades 4-12 learn about the global marketplace and long-term saving and investing fundamentals by using a hypothetical brokerage account. The program serves 25,000 teachers and 600,000 students annually. Teachers receive grade-level specific curriculum guides, lesson plans and newsletters to incorporate the program into their core mathematics, social studies, business, economics and language arts programs. For more on the Stock Market Game please visit: http://www.stockmarketgame.org.
About the SIFMA Foundation for Investor Education
The SIFMA Foundation is dedicated to fostering knowledge and understanding of the financial markets for individuals of all backgrounds. Drawing on the support and expertise of the financial industry, the SIFMA Foundation provides financial education programs and tools that strengthen economic opportunities across communities and increase individuals’ access to the benefits of the global marketplace. Notable Foundation programs include the Stock Market Game, which has served more than 14 million students since it began in 1977, the InvestWrite national essay competition, and the Capitol Hill Challenge. For more information on the work of the SIFMA Foundation, visit http://www.sifma.org/foundation.
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.