Transcript NFTE / Atlantic: Update Meeting

Engaging Youth:
The Power of Entrepreneurship
Philanthropy Roundtable Conference
Kauffman Foundation
May 14, 2009
Amy Rosen, President & CEO
The Network for Teaching Entrepreneurship
(NFTE)
The Entrepreneurial Imperative
“Entrepreneurship is America’s comparative
advantage…We have an entrepreneurial
imperative.”
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Carl Schramm, The Entrepreneurial Imperative, ch. 1
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Domestic Presence
Program Offices
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Baltimore
Bay Area
Chicago
Dallas
Fairchester
Greater Los Angeles
Greater Pittsburgh
Greater Washington, DC
New England
New York Metro
Philadelphia
South Florida
Domestic Licensees
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Atlanta
Cleveland
Fresno
Kansas
South Carolina
Domestic Partners
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Hartford, CT
Montezuma, NM
New Haven, CT
San Diego
Shreveport, LA
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International Market: Grow Where We Are
Belgium,
Netherlands,
Ireland, UK,
Germany
Bermuda
China
Israel
India
South Africa
New Zealand
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NFTE Snapshot
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Students
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Teachers
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FY 2008 Actual: 806 trained; 1,313 active
FY 2009 Goal: Train 384 new teachers; retain active corps of 1,531 teachers
Curriculum
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Target Population: young people from low-income communities, ages 11 – 18
230,000 youth served since 1987
FY 2008 Actual: 44,679 students (25% increase over FY07)
FY 2009 Goal: 48,524 students (9% increase over FY08)
Pearson Prentice Hall Partnership: 3 books to be published in 2009 and 2010
Pearson Learning Solutions: Launching BizTech 3.0 summer 2009.
Operations
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12 domestic program offices
Active programs in 21 states and 11 countries
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Research & Evaluation: Results
Harvard Graduate School of Education (Research Focus: Academics/School)
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Interest in attending college increased 32%
Occupational aspirations increased 44%
Independent reading increased 4%
Locus of control (belief that attaining one’s goals is within one’s own control) increased 3.1%
Entrepreneurial leadership increased 13.2%
Brandeis University (Research Focus: Business Knowledge/Formation)
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Participation in a NFTE program increases:
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Business knowledge by 20 times
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Business formation rates by 30 times
In a follow-up survey NFTE alums reported:
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70% were in post-secondary education
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43% had part-time jobs; 20% had full-time jobs
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33% were still running a business (no min. income level assumed)
Koch Foundation (Research Focus: Formation/Attitudes towards Business)
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Nine in ten alumni said that NFTE increased their confidence to run a business
Minority business ownership experience was four times higher than comparison group
99% of alumni would recommend a NFTE program
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The Problem: Students Disengage
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Almost one-third of all public high school
students (and nearly half of all African
Americans, Hispanics, and Native
Americans) fail to graduate each year.
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81% said a major reason for dropping out
was that classes were not relevant.
---Gates Foundation, The Silent Epidemic (2006)
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The Problem: America is Losing Our Lead
in Knowledge & Wealth Creation
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We rank 25th and 24th internationally in high school math and
science achievement.
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We rank 1st in terms of expenditure per results on the
international math comparison.
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In short, we spend more and get less than our competitors.
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The educational achievement gap between the U.S.A. and
better-performing nations cost us $1.3 - $2.3 trillion in 2008 (=
9-16% of GDP).
--McKinsey, The Economic Impact of the Achievement Gap in American’s Schools (2009)
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YESG MEMBERS
Shelby Cullom Davis Foundation
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NFTE Film: Ten9Eight
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Final version: May 1, 2009
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Screenings:
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Oct.-Nov., 2009
NY, Chicago, Washington DC, Miami, Los Angeles
Involve Templeton Foundation and other NFTE funders (Kauffman Fdn,
OppenheimerFunds, Goldman Sachs, others)
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Limited Theatrical Release: Possible one-week run in LA and NYC
in summer or early fall, which makes the film eligible for all major
awards competitions.
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National Broadcast: (Discussing possibility with:)
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HBO
SHOWTIME
BET
SNAG FILMS
WNET 13 for PBS common carriage
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