2012 annual report

beyond the numbers

2012 Summary annual reportyear In review

2011-2012 Highlights:

Engaged 6,529 students, grades 4-12, throughout the state in the Stock Market Game; teaching the basics of investing, risk and diversification.

Enhanced the economic education of 5,597 elementary students from 37 local elementary schools in Student Enterprise (StEP). Over 2,800 students from the Cincinnati’s urban neighborhoods participated in this entrepreneurship program.

Enrolled 32 local high school juniors and seniors in the Today’s Learners, Tomorrow’s Leaders (TL2) summer program, a rigorous, college-level Microeconomics course.

Offered 40 different professional development teacher training courses, for grades K-12, reaching over 650 educators and selling 873 graduate credits.

Completed more than 30 Research and Consulting projects for local and regional clients in the public and private sectors, totaling nearly $450,000 in revenues.

Dear Friends,

As I reflect on this year of our work, I am pleased to say that during a year of transition, the Economics Center has set the stage for increasing its impact in the community. We have welcomed Dr. Julie Heath as our new Director. Julie’s work with the Center’s dedicated staff and with our committed trustees

has strengthened this organization and positioned us for tremendous growth. This year, our accomplishments include training 650 educators in our professional development courses and reaching over 12,000 students who benefited from our Center’s economic and financial education programs. The Research and Consulting team of the Center has worked with high profile clients in our business community, and introduced a more custom and sophisticated approach to our client reports which now include infographics and easy-to-read summary of research findings.

We would be remiss in not highlighting the 35 years of visionary leadership of our founding director, Dr. George Vredeveld, who stepped down from this post this year. He has built this organization into the premier organization for teaching of economics and personal finance to elementary and high school students and teachers. What sets us apart is the way in which we conduct our work. We are dedicated to building partnerships with those who benefit from our work. This organization is a tremendous legacy of George’s work in our community. Under George’s leadership, our research division became the leading provider of economic data and analysis.

On behalf of the Board of Trustees, I would like to thank those who gave their time and talent to help us make an impact. We appreciate philanthropic investments of our donors. It is their trust and support that are critical for the sustainability of our work. I would like to recognize the University of Cincinnati and the Carl H. Lindner College of Business for its academic leadership. Finally, I would like to acknowledge the commitment of the Center’s staff.

I look forward to the year ahead as we focus on building and educating the next generation of leaders, creative thinkers, informed consumers, and smarter employees.

Sean V. McGrory

COMMUnITy nEEDEconomic and financial literacy is critical to the health of the economy and to corporate profitability. Students attending K-12 classrooms are the future economic drivers. The Center works to educate students and teachers, helping to build a future workforce through comprehensive and relevant economic and financial education.

OUR MISSIOnAs a thought leader in the community, the Economics Center provides the knowledge building blocks for a stronger economy through economic education and research. Our student-based programs, interactive tools and professional development improve the economic and financial literacy of school children and young adults. Our research and consulting empowers business and civic leaders to make informed policy and economic development decisions.

Mission

Engaging Students,Empowering Educators,

Equipping Decision Makersthrough the Knowledge

of Economics

tHe eConomICS Center IS tHe reGIon’S numBer one reSourCe For eConomIC anD FInanCIal eDuCatIon anD InFormatIon.

Our Impact

Community Impact: Engaging Students

Student enterprise program (Step)

StEP equips students with 21st century skills: creativity, entrepreneurship, critical-thinking, innovation, and financial responsibility. This incentive-based program encourages students to set up mini-economies in their school and to learn how to make responsible money- management choices through hands-on lessons in spending, saving, and investing. As a result of this program, students’ attendance increases, students’ attitudes improve, and learning of economics and personal finance is enhanced.

A few noteworthy highlights from the year:

Luxottica, Klosterman Bakery, WesBanco, and Fifth Third each adopted a StEP elementary school and helped carry out the program’s activities. Community partnerships have become critical to StEP’s sustainability and have allowed the Center’s staff to expand StEP to additional schools.

In May, the 6th annual Market Madness took place at the University of Cincinnati. More than 900 StEP students from 16 local schools came together to advertise, buy, and sell 26 different products from their businesses. This year, the program emphasized service-learning. Students collectively earned $4,897,251 StEP dollars and donated 5 percent of their earnings to the Freestore Food Bank, the Ronald McDonald House, and eight other local charities.

Stock market Game

The Stock Market Game is an online simulation that allows students to manage and invest a virtual portfolio of $100,000. For ten weeks, students compete against other teams to build and manage the best-performing portfolio. A few accomplishments:

During the fall game, the Economics Center partnered with US Bank to engage students in Princeton High School. US Bank employees served as classroom speakers. Students presented their investment portfolios to US Bank’s professionals.

In May, the Center hosted the 3rd annual regional Portfolio Challenge where top teams competed for a chance to win a trip to new york City, generously sponsored by Ohio national Financial Services, to visit Jennison, Lazard and Goldman Sachs. Over 160 students attended the Portfolio Challenge and students from Cincinnati Country Day and Cincinnati Christian School won the competition.

today’s learners, tomorrow’s leaders (tl2)

In June, 32 high school students participated in the Center’s three-week, highly competitive, Today’s Learners, Tomorrow’s Leaders (TL2) program. Each student completed a rigorous, college-level Microeconomics course. This unique course blended classroom instruction with real-world application of microeconomic concepts as students visited local businesses such as Procter & Gamble, Citibank and Luxottica.

Community Impact: Empowering Educators and Equipping Decision Makers

educator professional Development

The Center’s teacher training program increases the depth of knowledge of financial and economic concepts, helps teachers integrate this content into the Common Core standards, and sharpens instructional skills. Well-trained educators are the most sustainable vehicle for reaching several thousand students each year with economic and financial education.

This year, 25 education leaders from 14 districts participated in the Alpaugh Scholars Leadership program, attending monthly sessions to discuss community issues such as healthcare, economic development, and social services. As a result of the generous contribution from the Alpaugh family, our community has a cadre of more informed school leaders with a better understanding of the needs of Greater Cincinnati, and a better ability to educate our future workforce.

In May, the Center hosted its first “Toast to Teachers” event during Teacher Appreciation Week. The Center’s education staff met with more than 100 local educators at a social gathering to express gratitude for the contributions Cincinnati area teachers make in the lives of students.

Above: Local teachers from the first “Toast to Teachers” social gathering

research & Consulting Division

The Research and Consulting team of the Center provides the knowledge building blocks that helps clients make better finance, policy, and economic development decisions. The Center introduced a new custom approach to research, and a more sophisticated design for reports. A few other notable accomplishments from the year:

Earned nearly $450,000 in research revenue by completing economic analyses for clients from public and private sectors, including the Cincinnati Reds, Talbert House, City of Cincinnati, Western & Southern Open, Carter and The Banks, Music Hall Revitalization Corp., Community Mercy Health Partners, Environmental Protection Agency, Freedom Center, Kenton County Airport Board, Uptown Consortium, Inc., Focus on Ohio’s Future, Duke Energy, Greater Cincinnati Energy Alliance, and several others.

Launched the Research Fellows program, a unique opportunity for the Economics Center to collaborate with experts to add capacity to the Center’s research team. Fellows include individuals from within the University and the business community: Andy Benson of KnowledgeWorks, David Brasington of the UC Department of Economics, Carlee Escue of the UC College of Education, Elizabeth Edwards a Venture capitalist and author, Olivier Parent of the UC Department of Economics, Richard Stevie of Integral Analytics, and Margy Waller of Topos Partnership.

Above: Infographic from the Economic Impact of the

Western & Southern Open report.

Statements of Activities

for the years ended June 30, 2012 & 2011

Statements of Financial

Position

at June 30, 2012 & 2011

2012 2011 temporarily temporarily revenues & gains unrestricted restricted total revenues & gains unrestricted restricted total

Contributions 716,444 1,000,000 1,716,444 Contributions 614,388 24,725 639,113Program revenue 578,686 — 578,686 Program revenue 966,754 — 966,754Investment income 11,546 86,299 97,845 Investment income 9,442 104,517 113,959 Loss on investments (32,243) (76,954) (109,197) Gain on investments 50,440 99,328 149,768 In-kind contributions 209,406 — 209,406 In-kind contributions 167,514 — 167,514net assets released net assets released from restrictions 83,580 (83,580) — from restrictions 259,007 (259,007) —

total revenues & gains 1,567,419 925,765 2,493,184 total revenues & gains 2,067,545 (30,437) 2,037,108

Expenses

Program services 1,415,015 — 1,415,015 Program services 1,434,531 — 1,434,531Management & general 349,789 — 349,789 Management & general 307,984 — 307,984Fundraising 138,254 — 138,254 Fundraising 142,063 — 142,063

total expenses 1,903,058 — 1,903,058 total expenses 1,884,578 — 1,884,578

Change in net assets (335,639) 925,765 590,126 Change in net assets 182,967 (30,437) 152,530

net assets at beginning of year 1,047,976 1,223,519 2,271,495 net assets at beginning of year 865,009 1,253,956 2,118,965

net assets at end of year 712,337 2,149,284 2,861,621 net assets at end of year 1,047,976 1,223,519 2,271,495

These financial statements do not represent the complete set of audited financial statements for the Economics Center. A complete set of financial statements also includes the Auditor’s Report and the Footnotes to the Financial Statements, which are omitted herein. The Economics Center’s complete audited financial statements for the year ended June 30, 2012 may be obtained by visiting the Center’s web site at www.economicscenter.org.

LIABILITIES 2012 2011

Payable to related party 18,199 119,291Accounts payable & accrued expenses 6,913 15,434 Deferred revenue — 249,500

total liabilities 25,112 384,225

NET ASSETS 2012 2011

Unrestricted 712,337 1,047,976Temporarily restricted 2,149,284 1,223,519

Total net assets 2,861,621 2,271,495

total liabilities & net assets 2,886,733 2,655,720

ASSETS 2012 2011

Cash & cash equivalents 387,536 468,882Accounts receivable, net 121,852 233,934Pledges receivable, net 809,960 244,985Investments 1,567,212 1,705,867Property & equipment, net 173 2,052

total assets 2,886,733 2,655,720

www.economicscenter.org

Excellence


StuDent enterprISe (Step) StuDentS tour tHe unIVerSIty oF CInCInnatI DurInG marKet maDneSSStEP students from local elementary schools come together to buy, sell, and advertise products from their student-organized businesses. For many students, this is their first time on a college campus.

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February 2013

new year’s Day

Martin Luther King Jr.Day

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national Work Harder Day

National Mentoring Month

Stock market Game begins in February.Register Teams Today!www.smgohio.org

Investment


StoCK marKet Game portFolIo CHallenGe WInnerS VISIt neW yorK CItyEach year, leading Stock Market Game teams attend the regional Portfolio Challenge to present their winning investment strategies and compete for a chance to visit investment firms at a financial center in the nation. The spring game starts this month, register teams today.

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January 2013 March 2013


February

President’s Day

Valentine’s Day

Groundhog Day

Ash Wednesday

African American History Month

today’s learners, tomorrow’s leaders (tl2)now accepting applications from high school juniors and seniors for a highly competitive, 3-week summer program. Encourage students to apply at: www.economicscenter.org/tl2

Mardi Gras

national Lost Penny Day

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Stock Market Game

Board of TrusteesMeeting

COVER


eConomICS anD FInanCIal eDuCatIon “teaCHer oF tHe year” reCIpIentSEvery spring, the Economics Center hosts its Annual Awards Luncheon. At this premier business event, over 500 business leaders and educators come together to recognize teachers and students for their accomplishments throughout the year, specifically highlighting successes in economic and financial education.

Commitment

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St. Patrick’s Day

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April 2013

Easter Sunday

Palm Sunday Good Friday

Women’s History Month

Bond Hill Academy Winton Hills Academy

Midway SchoolCorryville Catholic School

north Avondale Montessori Roberts Academy

Amity ElementarySt. Boniface School

Pleasant Hill Academy

Rees E. Price AcademyOyler School Pleasant Ridge MontessoriWilliams Avenue Elementary

Holy Family Catholic School

denotes school stores

Frederick Douglass SchoolHays Porter Elementary

World Consumer Rights Day

Reserve your seat at the Annual Awards Luncheon this month. Visit www.economicscenter.org/awards for details and to register!

•Annual Awards

Luncheon

Roberts Academy

Stock Market Game

Stock Market Game

Stock Market Game

Stock Market Game


StuDent enterprISe StuDentS Buy, Sell, anD aDVertISe proDuCtS at marKet maDneSSStudent-organized businesses are created to teach fundamental work concepts such as earning a paycheck, understanding employer expectations and earning rewards for positive classroom behaviors and academic improvement.

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AprilApril Fool’s Day

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March 2013

Financial Literacy Month

Reading Central Elementary


David Ricardo’s birthday

Annual Conference on Financial Education is April 3rd-5th in Orlando, Florida.

Stock Market Game

Stock Market Game

Stock Market Game

Stock Market Game

Financial Education Conference

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JoIn uS For “a toaSt to teaCHerS” DurInG teaCHer appreCIatIon WeeK“Thank you to the Economics Center staff for hosting a wonderful event. It was nice to meet some new teacher friends. I am new to attending your classes and events, but I can tell you that I am very impressed. You have a top quality organization.” - Roberta Phillips, Miami Valley CTC Instructor A 2012 “Toast to Teachers” Attendee

Dedication

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Mother’s Day Armed Forces Day

Memorial Day

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April 2013

Mental Health Awareness Month

Market Madness

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Bond Hill Academy Winton Hills Academy

Midway SchoolCorryville Catholic School

Roberts Academy

Frederick Douglass SchoolHays Porter Elementary

north Avondale Montessori Reading Central ElementaryPleasent Hill Academy

Oyler School Pleasant Ridge MontessoriWilliams Avenue Elementary

Amity ElementarySt. Boniface School

Rees E. Price Academy

Holy Family Catholic School


“A Toast to Teachers” Happy Hour

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national Penny Day

Stock Market Game Portfolio Challenge

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toDay’S learnerS, tomorroW’S leaDerS (tl2) StuDentS VISIt proCter & GamBleTL2 students participate in a 3-week summer program at UC and are enrolled in Microeconomics, earning college credit. During the program, students tour leading companies such as P&G, Ford Motor Plant, and Citibank to learn about their operations.

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June

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National Safety Month

Today’s Learners, Tomorrow’s Leaders (TL2) Summer Program

teachers! Check out our unique professional development opportunities this Summer.

Superintendents, Principals, Administrators, apply for the Alpaugh Scholars Leadership Program. It begins in October. www.economicscenter.org

Adam Smith’s birthday

John Keynes’ birthday



manaGInG a SCHool Store teaCHeS real SKIllSQuarterly school stores allow students to make decisions whether to buy products, save their money, or donate. Through this process, students learn money management skills, how to set and achieve goals, and gain insights into how the economy works.


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Alfred Marshall’s birthday


toDay’S learnerS, tomorroW’S leaDer’S (tl2) StuDentS VISIt unIVerSIty HoSpItal“This experience made me realize that firms face many challenges when entering any market. I also learned how to think critically when it comes to managing and using money.” - Jack, St. Xavier High School

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Back to school! Check out new teacher training opportunities.

Apply today for the Alpaugh Scholars Leadership Program.

national Dollar Day

national Women’s Equality Day

National Immunization Awareness Month


StoCK marKet Game StuDentS preSent at tHe annual portFolIo CHallenGeParticipation in the Stock Market Game improves student performance in mathematics and increases financial literacy. Studies show that these students do better on a personal finance test than their peers.

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Labor Day

Grandparent’s Day

First Day of Autumn

Patriot Day

Constitution Day

October 2013

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National School Success Month

remInDer: Stock Market Game starts in October. Register Teams Today! www.smgohio.org

alpaugh Scholars leadership program now accepting applications from education leaders.www.economicscenter.org


alpauGH SCHolarS leaDerSHIp proGram (oCtoBer - FeBruary)Join this impressive group of community-oriented educators and administrators to learn about current business, economic, and social issues in our schools and communities. Over 200 local education leaders are alumni. Submit your application today!

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november 2013

october

Columbus Day

HalloweenSeptember 2013

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Financial Planning Month

Economic Sciences nobel Award winner announced

Stock Market Game

Stock Market Game

Stock Market Game

Stock Market Game

Stock Market Game


StuDent enterprISe (Step) StuDentS GIVe BaCK to tHoSe In neeDAt Market Madness, StEP students have the opportunity to use their hard-earned school cash to donate to the Freestore Food Bank, the Ronald McDonald House, YMCA and many other local charities. In addition to financial skills, StEP provides character education.

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Daylight Saving TimeEnds

Veteran’s Day

Election Day

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Thanksgiving Day

november

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Hanukkah Begins

Native American Heritage Month

Stock Market Game

Board of TrusteesMeeting

Jump$tart national Conference is november 2nd - 4th in Orlando, FL.

Stock Market Game

Stock Market Game

Stock Market Game

Stock Market Game

COVER


enGaGInG StuDentS tHrouGH tHe KnoWleDGe oF perSonal FInanCe anD eConomICS“Every child needs a little help, a little hope, and someone to believe in them,” says Dr. Val Krugh, Economics Center’s Director of School Relations

Inspiring

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January 2014

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new year’s Eve

DecemberPearl HarborRemembrance Day

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november 2013

Universal Human Rights Month

Stock Market Game

Thank you to our Contributors Individual DonorsMr. Peter A. AlpaughAnonymousHarry and Anne BadanesMichael and nancy BakerTom and Carol BarefieldMr. & Mrs. David L. BelewMr. Daniel BennieMr. Robert W. BuechnerChris & Vivienne CarlsonDiane and William CarneyEdward F. CastleberryCharlie & Joan CerinoMr. Anthony ColeKathleen C. DalyGary and Marjorie DaviesRichard and Theresa DavisMr. Gerald J. DeBrunnerMr. Ronald J. DolanDennis DonlanMr. David DurhamMr. Charles FisherMr. John J. Frank, Jr.Chris & Angela HabelKathy HammDouglas and Diana HaskellJulie HeathMr. David & Cynthia JacksonBarbara JohnsonDr. Tom and Jane KessingerMr. Marvin KolodzikAdrijana & Stefan KowatschDr. Valerie KrughMargaret LawsonMs. Claire LubyThomas and Lorie MacDonaldDavid MacejkoMr. Andrew McCreanorMs. Diana McHenryBill and Karen neyerDr. Cora OgleMs. Joan PeckGordon and Lorrie PennerMr. Barry Porter

Mr. & Mrs. Dale D. RayneyJane Juracek-Reherman & John RehermanJeff & Theda RexhausenKen RichterMr. Wm. T. (Bill) Robinson IIIJim & Susan RussellDr. Jennifer ShandW. Philip Shepardson, Jr.Ms. Jaclyn SmithKatherine and Tim StautbergJennifer SteinMr. Scott StubbinsCarol G. TalbotMs. Jennifer R. TauntonWoodrow & Barbara UibleMs. Margaret ValentineDr. nelson VincentDr. George M. VredeveldDon WestonVan and Robin WhiteMr. Steven A. WilsonMr. And Mrs. Allen Zaring, IIISusan Zaunbrecher

Business and Foundation DonorsAl neyer Inc.The Alpaugh Family FoundationAnonymousAnonymous Fund of The Greater Cincinnati Foundation Bailey Capital PartnersCassidy TurleyCharles H. Dater FoundationThe Cincinnati EnquirerCincinnati USA Regional ChamberClark Schaefer Hackett & Co.Council for Economic EducationDeloitte & Touche LLPDelta Tau Delta Educational FoundationDinsmore & Shohl LLP

EMC Insurance CompaniesFederal Reserve Bank of ClevelandThe Fifth Third BankFirst Financial BancorpFort Washington Investment Advisors, Inc.Friends of Dater MontessoriFrisch’s Restaurants, Inc.Frost Brown Todd LLCGamma Xi 21 CorporationGoldman, Sachs & Co.Great Traditions Development GroupThe Greater Cincinnati FoundationHoran AssociatesThe Huntington national BankInstitute for Supply ManagementJ D Cloud Company LLPJohn Cranley Co.Johnson Investment Council, IncKeating Muething & KlekampKey BankKhoury Family Fund of The Greater Cincinnati FoundationKnowledgeWorksLenox Wealth ManagementLouise Taft Semple FoundationLPKLuxottica RetailMacy’sMalcolm & Ruth Myers Family FundManuel D. & Rhoda Mayerson FoundationMarvin Lewis Community FundMCF AdvisorsMercurio Construction LLCMesser Construction Companyneyer Foundationnorthpointe Realty Services LLC northwestern Mutual- The Kelley Financial GroupOhio national Financial ServicesOhio national FoundationPepper Family Fund of The Greater Cincinnati Foundation PnC Bank

Port of Greater Cincinnati Development AuthorityQfact Marketing Research, LLCRonald McDonald House Charities GlobalRonald McDonald House Charities of Greater CincinnatiSalescore Inc.Salesforce FoundationScripps Howard FoundationSeasons Management Company LLCSIFMA FoundationState Farm InsuranceTaft, Stettinius & Hollister LLPThompson Hine LLPTrio BistroUnited Way of Greater CincinnatiUniversity of CincinnatiUniversity of Cincinnati, Carl H. Lindner College of BusinessUniversity of Cincinnati, Carl H. Lindner College of Business, Economics Department University of Cincinnati, College of Design, Architecture, Art, & PlanningUniversity of Cincinnati, Diversity CouncilThe University of Cincinnati FoundationUptown ConsortiumUS BankVehr Communications, LLCWestern & Southern Financial FundThe William P. Anderson FoundationWood Herron & Evans LLPThe Zaring Family Foundation

Board of trusteesPeter A. Alpaugh Cincinnati Equitable InsuranceThomas A. Barefield Ohio national Financial ServicesDouglas Bolton Cassidy TurleyT. Brian Brockhoff Bailey Capital PartnersTony T. Brown T. Brown Consulting GroupMark Cinquina PnC Real Estate BankingRichard O. Coleman nextLevel Transportation ServicesMichael J. Conaton The Midland Company Warren C. Falberg Cincinnati, Ohio Crystal L. Faulkner Cooney Faulkner & Stevens, LLCMichael Fox Deloitte & Touche LLP John J. Frank, Jr. Cassidy TurleyChristopher S. Habel Frost Brown Todd Kathy Hamm Principled Wealth Advisors, LLCTerence L. Horan Horan Associates, IncAdrienne James Sycamore Community Schools Donald Kaplan Kaplan, Litwin, Kaplan & AssociatesShawn F. Kelley northwestern Mutual Financial networkLisa Kuethe Huntington BankMargaret Lawson Taft Stettinius & Hollister, LLPSean V. McGrory Clark, Schaefer, Hackett

Howard McIlvain LPKWilliam L. neyer Al neyer, Inc.Barry Porter Cincinnati, OhioJim Rigg Archdiocese of CincinnatiWilliam T. (Bill) Robinson III Frost Brown ToddMary Ronan Cincinnati Public SchoolsJames Russell US BankAndrew Sathe MCF AdvisorsTimothy E. Stautberg The E. W. Scripps CompanyJennifer Stein Cincinnati, OHDavid M. Szymanski University of CincinnatiCarol G. Talbot Cincinnati, OhioHoward J. Taragano Macy’s, Inc.Woodrow Uible Bartlett & Co.Margaret K. Valentine Valentine ResearchEllen G. van der Horst Cincinnati USA Regional Chambernick Vehr Vehr Communications, LLCRea Waldon Urban League of Greater CincinnatiRoberta A. White Great Oaks Institute of TechnologySusan Zaunbrecher Dinsmore & Shohl

advisory BoardEdmund J. Adams Terrance L. Ashanta-BarkerMichael D. BakerJohn F. BarrettDavid BelewAdrian BreenJ. Michael BrandtLawrence H. BraunDiane C. CarneySamuel M. CassidyEdward F. Castleberry Charles A. CerinoRaymond R. ClarkPhillip R. CoxKathleen C. DalyRichard K. Davis Michael A. FisherJ. Jeffrey EdmondsonJerry M. GalvinBill O’GaraVictoria GluckmanLawrence L. GryppJ. Joseph Hale, Jr.Carrie HaydenTom HeekinBarbara B. HenshawRobert L. HoversonThomas H. HumesDavid A. JacksonJane Juracek-RehermanRalph KaterbergJan-Michele Lemon KearneyKathleen L. Klink Charles P. KochMarvin KolodzikPranav G. KothariDonald D. Larson Charles D. LindbergGary LindgrenJames M. LippertStephen MacConnellRonald H. McSwain

Juanita MillsQuentin nesbittMichael B. PackardStan PontiusRonald B. RaleyDale D. RayneyJeff RosenFritz A. Russ Donald E. SchmidtJames E. SchwabWilliam P. SheehanDavid O. SmithTom A. SteeleBarbara J. StonebrakerMichael A. WebbJohn R. WestheimerDonald E. WestonHarry M. Whipple Chad P. WickWayne R. WickensRobert P. WiwiJohn H. WyantAllen G. Zaring

Donor Spotlight

a special thank you to the alpaugh Family Foundation

The Alpaugh Family Foundation contributed $1,000,000 to the George Vredeveld Legacy Fund to establish the Center’s i-learning initiative. The goal of this initiative is to provide online economics and personal finance training for elementary and high school students and teachers both regionally and across the nation.

The Alpaugh family has been committed to the mission of economic and financial education of our teachers for the past 35 years. The Alpaugh Family Foundation also funds the Alpaugh Scholars Leadership Program each year, providing educators the opportunity to engage with community leaders and discuss economic issues.

“The new i-Learning program will allow us to expand our reach exponentially to assist more K-12 educators,” said Dr. Julie Heath, Economics Center Director. “Mr. Alpaugh’s gift will be used to leverage resources and experts in online economics education to most efficiently develop our own online platform. Educators will be able to look to us to provide a one-stop portal for economic and financial education resources.”

mr. peter alpauGH

Below: Alpaugh Leadership Program Class

StaFF

Julie Heath, phDPresident and Director

Douglas Haskell Director, Professional Development

Sue Heilmayer Accountant

erin Harris Director, Student

Enterprise

adrijana Kowatsch Chief Operating Officer

Valerie Krugh, phD Director, School Relations

Claire luby Development Officer

Ben passty, phD Research Assistant

Professor

lorrie penner Executive Assistant

michael Jones, phD Research Assistant

Professor

Jeff rexhausen Research Associate

Stephen Samuels Director, Business

Development

Jaclyn Smith Director, Marketing

Casey Woodruff Director, Student and

Community Relations

George Vredeveld, phD Director, Research

90 West DanielsCincinnati, OH 45221-0023513.556.2948www.economicscenter.org

Support Your Economics CenterWe’ve already taught economics and personal finance to

1,000,000 students. Will you help us reach the next 1,000,000?

After three and a half decades of work, the Economics Center has trained thousands of teachers, developed countless classroom materials and teaching resources, and impacted one million students through innovative school programs that foster and support knowledge of the economy, entrepreneurship and personal financial literacy. Rapid changes in our economy and the workplace demand a more contemporary set of skills from young individuals entering the workforce. Our work allows teachers to effectively equip their students with the skills they will need for life.

Knowledge of economics and financial education has the power to transform one’s life and improve decision-making. It is with a focus on creating an informed future generation that we are laying a solid foundation for urban economic growth.

To join our effort, please support the Center at www.economicscenter.org/give.

2012 annual report

Economy & Finance

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