CA And The National Foundation For Teaching Entrepreneurship (NFTE) Join With NYC Schools Chancellor Joel Klein To Announce Global Education Partnership
CA’s $500,000 Donation to Benefit NFTE Offices in New York City And Worldwide
NEW YORK, N.Y., December 13, 2006 – CA and the National Foundation for Teaching Entrepreneurship (NFTE) joined with New York City Schools Chancellor Joel Klein today to announce a new global education partnership designed to expand youth entrepreneurship education in public schools.
The partnership will consist of a $500,000 donation from CA to NFTE that will be used to help promote youth entrepreneurship education programs in New York City and other cities in the United States as well as abroad in the United Kingdom and South Africa. CA’s donation will help NFTE reach over 32,000 young people in the school year which will bring the nonprofit closer to its goal of serving 100,000 young people globally each year through its partnerships by the year 2012.
“We are appreciative of the work that NFTE is doing in our schools to promote entrepreneurial and business education,” commented NYC Schools Chancellor Klein. “CA’s donation will help NFTE provide more young people in our community with the critical skills they need to be successful later in life.”
Originally intended to be a dropout prevention program, NFTE’s entrepreneurship education program teaches low-income students the business skills they need to start their own small business, while reinforcing basic academic proficiency. NFTE’s goal is to give young people the skills and confidence to unlock their true potential, so they can improve their lives and communities. Through NFTE, students learn how to create a business plan, keep books, and master other business fundamentals. A recent Harvard University research study also indicated that youth entrepreneurship programs such as NFTE are particularly effective at keeping students from low-income, urban backgrounds on track academically.
Steve Mariotti, founder and president at NFTE, highlighted the importance of the collaboration with CA. He stated, “Our partnership with CA will help us to increase our capacity and have a greater impact on New York City’s young people.”
Barbara Reuter, executive director for NFTE’s NYC Metro Office added, “With the support of CA, as well as other private contributions, NFTE will be active in more than 120 schools and community-based organizations and reach more than 5,000 students throughout the five boroughs during the current school year, an increase of more than 15 percent.”
Mariotti continued, “Without ideals to pursue, young people are left with little reason to invest in education, in their futures and their own development. What we have learned is that there is a close relationship between the things young people want and what entrepreneurship can do to help them attain them.”
“CA Together is committed to improving the quality of life in communities around the globe where we live and work,” said Anne Marie Agnelli, CA’s vice president for Community and Public Affairs. “We are honored that our first global partnership is with the National Foundation for Teaching Entrepreneurship. We are confident that this donation will aid NFTE in providing more young people with the entrepreneurial and academic support needed to succeed in life.”
The CA Together program works with nonprofits around the globe, providing them with the support and resources to enrich the lives of the people they serve. Through this program, CA equips nonprofits with the economic and technological capacity necessary to offer more services to more people. In addition to working with NFTE, CA has partnered with nonprofits such as Teach for America, the National Center for Missing and Exploited Children and the Boys and Girls Clubs of America.
About the National Foundation for Teaching Entrepreneurship
The National Foundation for Teaching Entrepreneurship (www.nfte.com) is a 501 (c) (3) nonprofit organization, whose mission is to teach entrepreneurship to young people from low income communities to enhance their economic productivity by improving their business, academic, and life skills. NFTE is headquartered in New York City. The organization has reached more than 150,000 young people since its founding in 1987 and currently has active programs in 28 states and 13 countries.
CA (NYSE: CA), one of the world’s largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://ca.com.
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