AIG Donates $425,000 to Implement Junior Achievement Programs Globally

AIG and Junior Achievement Collaborate to Prepare Students for Success

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Jul 08, 2015, 10:00 ET

COLORADO SPRINGS, Colo., July 8, 2015 /PRNewswire/ -- Students in 19 global cities will learn important entrepreneurship, financial literacy and work readiness skills, thanks to a generous grant of $425,000 from American International Group, Inc. (AIG) to implement Junior Achievement USA^®(JA) programs.

This partnership will bring JA programming to students in kindergarten through 12^th grade as part of the 2015-2016 school year, helping them learn important skills like creating a budget, becoming work-ready and developing a business plan. As part of the partnership, AIG employees will serve as JA classroom volunteers and board members, as well as support other special events.

"We recently surveyed teens and found that while 59 percent think the best time to learn about money management is in elementary or junior high school, half of the students surveyed said their school has no programs available," said Jack E. Kosakowski, president and chief executive officer of Junior Achievement USA. "These K-12 years are the ideal time for students to learn these basic life skills and we're thankful to AIG to continue our collaboration and grow the number of students learning about personal finance concepts."

This is the second year AIG has invested in a large-scale partnership with Junior Achievement to support programs that help students gain the knowledge and skills they need to make smart academic and economic choices. This year's grant will serve schools in 19 global locations, including: Amarillo, Texas; Atlanta; Boston; Chicago; Cleveland, Ohio; Dallas; Greensboro, N.C.; Houston; Los Angeles; Neptune, N.J.; New York, Oakdale, Minn.; Stevens Point, Wis.; Dublin, Ireland; Madrid, Spain; Jakarta, Indonesia; Muntinlupa City, Philippines; Bogota, Colombia; and Toronto, Ontario.

"We are committed to helping develop and prepare young people for future success – particularly in a time when there is a growing skills gap between unemployed/underemployed individuals and companies in need of qualified workers," said Valerie Hendy, Head of Global Corporate Citizenship, AIG.

Junior Achievement's programs are aligned with AIG's commitment to supporting financial education and workforce readiness.

About Junior Achievement USA® (JA)
Junior Achievement is the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provide relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness and entrepreneurship. Today, JA reaches more than 4.5 million students per year in 114 markets across the United States, with an additional 5.8 million students served by operations in 120 other countries worldwide. Junior Achievement USA is a member of JA Worldwide. Visit www.ja.org for more information.

About AIG
American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

SOURCE Junior Achievement USA