SANTA CLARA, Calif. April 1, 2022 – SVB Financial Group (SVB), financial partner of the innovation economy and parent company of Silicon Valley Bank, today announced that it is sponsoring the EVERFI Financial Literacy Bee, taking place April 1-15, 2022. The EVERFI Financial Literacy Bee is a nationwide financial literacy challenge for high school students.
With 85 percent of Americans feeling stressed about the state of their finances according to a 2021 survey by the National Endowment for Financial Education, the EVERFI Financial Literacy Bee provides an opportunity for students to learn the critical importance of saving and budgeting for short- and long-term financial goals.
The virtual challenge, created by education innovator EVERFI, and supported by leading financial institutions nationwide, features four short digital lessons followed by a capstone essay contest in which students share a short-term or long-term savings goal and outline their plan to achieve that goal. Winners of the EVERFI Financial Literacy Bee will receive a $500 prize to jumpstart their savings goals.
This is SVB’s second year sponsoring the EVERFI Financial Literacy Bee. Last year, more than 600 students participated through SVB.
“Learning financial lessons and skills in high school can make an enormous impact on financial confidence and security down the line,” said Craig Robinson, Head of Corporate Social Responsibility for SVB. “We are pleased to work with EVERFI to make the Financial Literacy Bee available to our community, empowering students to build a strong financial foundation.”
By competing in the challenge, participating students will gain new skills to create a personalized financial decision-making framework that they can apply to their lives now and in the future. Topics include how to save, set financial goals, budget and invest.
In addition to supporting the EVERFI Financial Literacy Bee, SVB worked with EVERFI to design its proprietary financial literacy program, United and Counting. The series of online courses teaches primarily low- and moderate-income students financial literacy skills, including credit card use, higher education financing and saving. Since 2014, United and Counting has reached nearly 11,000 students in more than 100 schools in the San Francisco Bay Area, providing nearly 34,000 hours of online education.
The EVERFI Financial Literacy Bee is open to all. To participate or learn more, visit https://svb.everfi-next.net/welcome/national-financial-bee.
Lucy Muscarella, Corporate Communication
About SVB Financial Group
SVB Financial Group (NASDAQ: SIVB) and its subsidiaries help innovative companies and investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at svb.com.
SVB Financial Group is the holding company for all business units and groups © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. [SIVB-F]
About EVERFI, INC
EVERFI, a Blackbaud (NASDAQ: BLKB) company, is an international technology company driving social impact through education to address the most challenging issues affecting society ranging from financial wellness to mental health to workplace conduct and other critical topics. Founded in 2008, EVERFI’s Impact-as-a-ServiceTM solution and digital educational content have reached more than 45 million learners globally. In 2020, the company was recognized as one of the World’s Most Innovative Companies by Fast Company and was featured on Fortune Magazine’s Impact 20 List. The company was also named to the 2021 GSV EdTech 150, a list of the most transformative growth companies in digital learning. Blackbaud, the world’s leading cloud software company powering social good, acquired EVERFI in December of 2021. To learn more about EVERFI please visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.