Synchrony(US:SYF) Prnewswireยท2025-09-17 09:00Core Insights - Synchrony has launched a new program called "Empowering Financial Futures," committing $1 million over two years to support nonprofit organizations that assist K-12 public educators in teaching personal finance classes in the U.S. [1][3][9] - A recent survey indicates that over 80% of teachers believe financial education is essential for student success, yet two-thirds struggle with student engagement and lack relevant teaching resources [1][11]. Funding and Initiatives - The $1 million grant will support various initiatives, including teacher training, classroom resources, and fulfilling requests for financial literacy materials through platforms like DonorsChoose [5][10]. - Synchrony is also launching an employee-led Financial Literacy Service Corps to enhance community financial literacy by training educators and community leaders [7][8]. Educational Context - The Council for Economic Education's 2024 Survey of States found that 35 states require personal finance courses for graduation, highlighting the increasing need for teacher preparation and support [4]. - Less than 60% of educators feel "very confident" in teaching financial education, indicating a significant gap in teacher readiness [11]. Community Engagement - Synchrony's annual "Season of Caring" will involve employee volunteers supporting local financial education initiatives, such as reading financial education books and creating financial education kits [8]. - The initiative aims to empower students with the knowledge necessary for financial security and economic mobility throughout their lives [4][5]. Partnerships and Collaborations - Synchrony collaborates with leading national nonprofits, including the Council for Economic Education and Jump$tart Coalition, to provide direct support to educators [7][10]. - The program aims to address the resource needs identified in Synchrony's survey, ensuring educators can deliver engaging personal finance lessons [7].