The Improving Financial Awareness
& Financial Literacy movement
For those just learning about the campaign or who have not participated in the past, here is a great opportunity for you to create goodwill and new revenue opportunities for you and your organization, while performing a very important and valuable community service. Please become a part of this important movement!
A Very Big Social Challenge That Requires Attention Now!
With so many people on the verge of running out of money before their life expectancy, many families burdened with large amounts of student loans and other forms of debt, and more than half of our adults not having up-to-date estate and financial plans to protect themselves and their families, we have a serious problem. This lack of financial awareness and financial literacy places a huge and growing amount of pressure on families and friends, employers, nonprofits; as well as the government.
Do You Realize?
• Too many young people and their families are burdened with excessive education debt and other forms of debt. Student loan debt exceeds $1.3 trillion and is the 2nd largest class of consumer debt after mortgages; members of the class of 2014 graduated with an average of $29,000 in student loan debt.This can lead to a significant and unnecessary shrinkage of family assets and an enormous waste of time and resources at the most inopportune time. Financial and estate planning is not just for the wealthy it's important for everyone.
Additionally, we have just entered into the greatest wealth transfer in history. An estimated $59 trillion - divided among heirs, charities, estate taxes and estate closing costs - will be transferred from 116 million American households from 2007 to 2061. Without some financial and estate planning a significant amount these assets will be wasted, with much of the remaining assets not going to the right person(s) or organization(s), and or not used as intended.
Representing News Media Thought Leadership, Susan R. Lipp is the Editor in Chief of Trusts & Estates magazine, the WealthManagement.com Journal for estate-planning professionals, and a member of the Penton Wealth Management team. She oversees both the print and online version of T & E, as well as the monthly e-newsletter articles. Susan holds a Bachelor of Arts in Sociology from Brandeis University. She received her Juris Doctor Law degree from Hofstra University School of Law, graduating with distinction and having served as Associate Editor of the Law Review. Susan is admitted to practice law in New York State and is a member of the New York State Bar Association.
Representing Nonprofits Thought Leadership, Andrew Watt, FlnstF is President & CEO, of the Association of Fundraising Professionals (AFP), representing individuals and organizations that raise more than $100 billion in charitable contributions every year around the world for countless causes. Andrew leads the association’s professional staff based in three offices (Arlington, Va.; Toronto, Ontario and Mexico City, D.F.). Andrew views nonprofits as a critical interface between the public and government and is an outspoken advocate and champion for philanthropy on Capitol Hill, in the Canadian Parliament and other legislatures around the world. He has been appointed to the IRS Advisory Committee on Tax Exempt Organization (ACT) and has served on the Public Policy Committee of Independent Sector since 2012. He has been invited to speak in many countries about fundraising and philanthropy, working to bring charities and governments together to maximize the impact of philanthropy and help engage citizens with their communities and their world.
Representing Academia Thought Leadership, Patricia D. White
, JD, Dean of the University of Miami School of Law. Her legal career spans four decades as an -attorney and an educator. Dean White is transformative and a visionary; and the National Jurist Magazine named her as one of the most influential people in legal education in 2015, 2014, and in 2013.
She was the first woman law school dean in Arizona and the longest serving one in the history of Arizona State University's Sandra Day O'Connor College of Law. Since taking over as Miami Law's 11th dean in 2009, White has established the Law Without Walls program, which links students and faculty from 23 academic institutions around the world to examine issues and develop new solutions in legal education and practice; and Legal Corps, a novel fellowship program that places new law school graduates in nonprofit and public sector organizations across the nation, and the globe.
She earned her B.A., M.A., and J.D. degrees at the University of Michigan and has been widely published in prominent law journals in the areas of tax law, bioethics, philosophy of law, legal education, and torts.
We understand that this is a massive undertaking. As we move into the 8th year of the Improving Financial Awareness & Financial Literacy Movement it’s being accomplished through leading:
that are using theses semi-annually strategic venues to share educational and motivational high quality personal finance content with their associates and the general public during this concentrated personal finance content media blitz.
This is supplemented throughout the year with the develop and delivery of exceptional educational content and tools to the general public and to financial service and nonprofit professionals and their organizations, and educational institutions that support the general public’s financial and estate planning and charitable planning needs.
This is a winning approach to solving a major social challenge
Together we have the potential to help solve a major social challenge by advancing and contributing to one of the most broad-based, multifaceted moments for improving financial awareness and financial literacy while advancing philanthropy.
On behalf of The Financial Awareness Foundation and the participating associations, organizations, nonprofits, and professionals thank you for your efforts and for assisting us in having a positive ongoing impact on improving financial awareness and financial literacy across the country, and throughout the world.Respectfully submitted,
Valentino Sabuco, CFP®, AEP® Executive Director & Publisher
The Financial Awareness Foundation
A 501(c) (3) Nonprofit
Dedicated to Substantially "Improving financial awareness & financial literacy..." SM
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