Kennedy Krieger School Career and Technology Center Receives $100,000 Grant From the Bank of America Foundation to Support its Financial and Consumer Services Program

September 24, 2002
BALTIMORE The Bank of America Foundation announced today a grant of $100,000 to the Kennedy Krieger Institute, the balance of a $250,000 donation made in 1999 to support the Kennedy Krieger School Career and Technology Center's (CTC) Retail and Consumer Services program.

BALTIMORE-The Bank of America Foundation announced today a grant of $100,000 to the Kennedy Krieger Institute, the balance of a $250,000 donation made in 1999 to support the Kennedy Krieger School Career and Technology Center's (CTC) Retail and Consumer Services program.

The program focuses on retail operations, customer service and entrepreneurial enterprises within the financial industry, with the goal of helping students with developmental disabilities acquire the hands-on experience and knowledge to gain employment in the financial and retail sector. Students participating in the program work in a student-run credit union and a student-run school store, with students taking the responsibility of balancing the books and depositing checks into real bank accounts. Students also learn personal finance skills, such as balancing a checkbook and money management.

At 10 a.m. Thursday, Sept. 26, students and teachers of Kennedy Krieger's CTC will showcase the real-world learning that takes place in the financial and consumer services division. This will include a tour of the school store and explanations of the student credit union operations and the personal money management program. Students will lead all of these discussions. Finally, a check for $100,000 will be presented to Dr. Gary Goldstein, president and CEO of Kennedy Krieger Institute, by the Bank of America Foundation.

"We have been a long-time supporter of the Kennedy Krieger Institute and its mission to provide the best possible education and head start for students with special needs," said Laura Gamble, president, Bank of America Maryland. "As a major employer, we see the intrinsic value in the school's goal of empowering students to work toward personal and economic independence by teaching them skills necessary for success in the workplace. We are excited to be a partner with the Kennedy Krieger Institute in providing increased educational opportunities for young people."

The Kennedy Krieger Institute opened its Career and Technology Center High School in September 1999 for students with serious, often multiple learning, emotional, neurological and/or developmental disabilities to focus on career preparation. The school is a national model and the first of its kind in Maryland to focus on school-to-work programs by allowing students to specialize in one of five career clusters that teach an industry, rather than in one specific job. With this education, students can choose many different areas of expertise related to that field. The students can choose from one of the following career paths: information technology, construction trades, retail and consumer services and hospitality and tourism.

"This program focuses on the challenges that many students with developmental disabilities face after they leave high school: attaining financial and social independence," said Dr. Goldstein. "The education that a child receives at Kennedy Krieger Career and Technology Center is more than just academic; it also teaches them skills to take with them to the workplace."

The Bank of America Foundation directs charitable giving on behalf of Bank of America. The Foundation provides grants to nonprofit partners who use creativity and imagination to help America's citizens succeed in life, neighborhoods flourish and communities prosper.

Kennedy Krieger Institute is dedicated to helping children and adolescents with disabilities resulting from disorders of the brain achieve their potential and participate as fully as possible in family, community and school life. For more information about Kennedy Krieger Institute, visit www.kennedykrieger.org.

One of the world's leading financial services companies, Bank of America is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through the nation's largest financial services network, including approximately 4,400 domestic offices and 13,000 ATMs, as well as 30 international offices serving clients in more than 150 countries, and an Internet Web site that provides online banking access to 4 million active users, more than any other bank.

Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. The company's Web site is www.bankofamerica.com. News, speeches and other corporate information may be found at www.bankofamerica.com/newsroom/.

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